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 Economics according to its scope is
  • A. Science
  • B. Art
  • C. Science & Art
  • D. Only positive science
2 Who is called founder of modern school of thought
  • A. Robbins
  • B. Cannon
  • C. Keynes
  • D. Malthus
3 Founder of modern school of thought:
  • A. Adam smith
  • B. Marshall
  • C. Ricardo
  • D. Robbins
4 Which one is not studied in micro economic
  • A. National income
  • B. Consumer behavior
  • C. Market equilibrium
  • D. Firm's equilibrium
5 "The nature of significance economics sciences" was written in:
  • A. 1930
  • B. 1936
  • C. 1932
  • D. 1890
6 Marshall belonged to the country
  • A. America
  • B. England
  • C. France
  • D. Japan
7 According to Marshall, Economics is
  • A. Social Science
  • B. Correcting science
  • C. Positive science
  • D. Moral science
8 The whom individuals Marshal included in definition of economics
  • A. Service of teachers
  • B. People living in forests
  • C. Trading professionals
  • D. People living in caves
9 According to Robbins, the basic concept of Economics is
  • A. Political problem
  • B. Economic problem
  • C. Psychological problem
  • D. Religious problem
10 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

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

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Roshail

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Talal Buledi

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Asia Mustafa

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