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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Founder of neo-classical school of thought:
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Adam Smith
Marshall
Robbins
Keynes
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Question # 2
Economics according to its scope is
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Science
Art
Science & Art
Only positive science
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Question # 3
Deductive method of economic study.
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Systematic
General to particular
Universal to particular
Both (b) and (c)
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Question # 4
Which laws are framed by parliament
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State laws
Moral laws
Economic laws
Scientific laws
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Question # 5
Methods to derive economic laws:
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One
Two
Three
Four
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Question # 6
Founder of Classical school of thought was:
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Adam smith
Marshall
Robbins
Keynes
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Question # 7
Adam Smith belongs to:
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Poland
Scotland
Ireland
Holland
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Question # 8
Who did give economics the status of positive science
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Marshall
Robbins
Cannon
Pareto
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Question # 9
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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Question # 10
Who did write the book named "General theory of employment, interest and money"
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Marshall
Pigou
Adam Smith
Keynes
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Question # 11
Economic law are made by:
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Govt.
Courts
Parliament
Behaviour of the people
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Question # 12
How many are kinds of economics
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Two
Three
Four
Five
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Question # 13
Which one is not studied in micro economic
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National income
Consumer behavior
Market equilibrium
Firm's equilibrium
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Question # 14
Study of large aggregated of economic system is called
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Micro economics
Macro economics
Applied economics
All the three
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Question # 15
Study of small units of the economoy is known is:
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Micro economics
Macro economics
Applied economics
All of them
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Question # 16
Which is not studied in micro economics ?
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Theory of consumer behaviour
Price theory
Theory of money
Theory of distribution of wealth
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