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 is a science which studies.
  • A. Production of wealth only
  • B. Consumption of wealth only
  • C. Optimum use of scare resources
  • D. Welfare only
2 Economics is concerned with the attainment of material requisites
  • A. Robbins
  • B. Marshall
  • C. Pareto
  • D. Senior
3 Walker, senior and Malthus belonged to school of thought
  • A. Classical
  • B. Neo classical
  • C. Keynesian
  • D. None of these
4 Who did write the book named "General theory of employment, interest and money
  • A. Robbins
  • B. Pigou
  • C. Keynes
  • D. Cannon
5 Factors of production are:
  • A. Two
  • B. Three
  • C. Four
  • D. Five
6 Who is called founder of modern school of thought
  • A. Robbins
  • B. Cannon
  • C. Keynes
  • D. Malthus
7 Who did separate economics from political science for the first time
  • A. Marshall
  • B. Malthus
  • C. Adam smith
  • D. Ricardo
8 Deductive method of economic study.
  • A. Systematic
  • B. General to particular
  • C. Universal to particular
  • D. Both (b) and (c)
9 Who is the Founder of macro economics ?
  • A. Marshall
  • B. Malthus
  • C. Adam smith
  • D. Keynes
10 "The nature of significance economics sciences" was written in:
  • A. 1930
  • B. 1936
  • C. 1932
  • D. 1890

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

R

Roshail

Lahore06 - Feb - 2025

13/15
02 Mins 29 Sec
E

Ezhan Tamseel

Lahore12 - Feb - 2025

12/15
02 Mins 18 Sec
A

Asia Mustafa

Lahore10 - Feb - 2025

11/15
02 Mins 11 Sec
N

Nabeeha Khan

Lahore04 - Dec - 2024

11/15
02 Mins 30 Sec
R

Roshail

Lahore06 - Feb - 2025

10/15
01 Mins 22 Sec
R

Roshail

Lahore06 - Feb - 2025

10/15
01 Mins 31 Sec
M

Musa Amir

Lahore13 - Dec - 2024

10/15
01 Mins 50 Sec
H

Humera Malik

Lahore15 - Dec - 2024

10/15
11 Mins 47 Sec
A

Asia Mustafa

Lahore10 - Feb - 2025

9/15
01 Mins 48 Sec

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