11th Principle of Economics Chapter 1 Test

Here you can prepare 11th Principle of Economics English Medium Chapter 1 Definition of Economics Test. Click the button for 100% free full practice test.

First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

This online test contains MCQs about following topics:

. Economics is a Science of wealth . Economics is a Science of Material Welfare . Economics is a Science of Scarcity and Choice . Coparison of the definitions of Marshall and Robbins . Scope of Economics . Subject matter of economics . Individual or collective behaviour . Question of likes or diklikes of wants| . Economics Law

ICOM Part 1 Economics Ch 1 Test
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First Year Principles of Economics Chapter 1 Online MCQ Test for 1st Year Principles of Economics Chapter 1 (Definition of Economics)

Sr. # Questions Answers Choice
1 To describe as it is, after seeing and analyzing any event, is known as
  • A. Normative science
  • B. Positive science
  • C. Biological science
  • D. For casting science
2 Marshall belonged to the country
  • A. America
  • B. England
  • C. France
  • D. Japan
3 Who did introduce Macro Economics
  • A. Marshall
  • B. N.W. Senior
  • C. J.M. Keynes
  • D. Ricardo
4 "The nature of significance economics sciences" was written in:
  • A. 1930
  • B. 1936
  • C. 1932
  • D. 1890
5 Which side of life of human being is analysed in economics
  • A. Political
  • B. Social
  • C. Economic
  • D. Moral
6 The goods which are directly consumed by the human-being, are called
  • A. Consumer goods
  • B. Capital goods
  • C. Industrial goods
  • D. None of the three
7 Study of large units of the economy is known as:
  • A. Micro economics
  • B. Macro ecnomics
  • C. Applied economics
  • D. All of them
8 Ceteris paribus means:
  • A. Other things remain the same
  • B. Assumptions of the law
  • C. Conditions of the law
  • D. All of them
9 Who did name economics as science of satisfying unlimited wants with limited means
  • A. Marshal
  • B. Adam Smith
  • C. Robbins
  • D. Pigou
10 Are included in welfare economist
  • A. Ricardo and J.S. Mill
  • B. Robbins and Keynes
  • C. Cannon and Pigou
  • D. Malthus and Keynes

Top Scorers of Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

Y

Yahya Albalochi

Lahore01 - Nov - 2024

12/15
01 Mins 44 Sec
M

Mehwish Mughal

Lahore01 - Nov - 2024

12/15
03 Mins 10 Sec
M

Muhammad Naseem

Lahore15 - Nov - 2024

10/15
03 Mins 04 Sec
K

Kashaf

Karachi10 - Sep - 2024

10/15
08 Mins 16 Sec
S

Shahmir Ali

Lahore12 - Sep - 2024

9/15
02 Mins 31 Sec
S

Shayan Tanveer

Lahore19 - Oct - 2024

9/15
16 Mins 34 Sec
F

Flames Love

Lahore07 - Oct - 2024

8/15
02 Mins 37 Sec

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