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 derive economic laws inductive method was adopted by
  • A. Classical school of thought
  • B. Neo classical school of thought
  • C. Historical school of thought
  • D. Modern school of thought
2 Economics is a science
  • A. Political
  • B. Spiritual
  • C. Social
  • D. Scientific
3 Who said that economics is normative science ?
  • A. Keynes
  • B. Robbins
  • C. Marshall
  • D. Rocher
4 Writing of the same behavior of the people in particular arrangement and words is called
  • A. Normative science
  • B. Positive science
  • C. Economic law
  • D. Scientific law
5 According to Marshall, Economics is
  • A. Social Science
  • B. Correcting science
  • C. Positive science
  • D. Moral science
6 Who is father of economics
  • A. Marshall
  • B. Malthus
  • C. Adam smith
  • D. Cannon
7 Which one is not studied in micro economic
  • A. National income
  • B. Consumer behavior
  • C. Market equilibrium
  • D. Firm's equilibrium
8 In which punishment is not applicable for the disobedience, the laws are
  • A. Moral laws
  • B. Laws of state
  • C. Political laws
  • D. Economic laws
9 According to Robbins, the basic concept of Economics is
  • A. Political problem
  • B. Economic problem
  • C. Psychological problem
  • D. Religious problem
10 In which year the book named "An enquiry into the nature and causes of the wealth of nations" was written
  • A. 1696
  • B. 1776
  • C. 1803
  • D. 1825

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Talal Buledi

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