Question # 1

Inductive method represents:

Choose an answer

General to particular

Particular to general

Normative science

Economic planning

Who said that economics has the place of intellectual religion

Choose an answer

Cannon

Pigou

Durban

Robbins

To derive economic laws inductive method was adopted by

Choose an answer

Classical school of thought

Neo classical school of thought

Historical school of thought

Modern school of thought

Who did give economics the status of positive science

Choose an answer

Marshall

Robbins

Cannon

Pareto

Who said that economics is positive science

Choose an answer

Adam Smith

Marshall

Robbins

Keynes

Economic law are made by:

Choose an answer

Govt.

Courts

Parliament

Behaviour of the people

The non-material activities which have the ability to satisfy human wants indirectly, are called

Choose an answer

Goods

Services

Satisfaction

None of the three

Study of small units of the economoy is known is:

Choose an answer

Micro economics

Macro economics

Applied economics

All of them

Micro economics studies related to

Choose an answer

National income

Unemployment

Trade cycle

Consumer's behavior

Economics is concerned with the attainment of material requisites

Choose an answer

Robbins

Marshall

Pareto

Senior

Which is not studied in micro economics

Choose an answer

Theory of consumer behavior

Price theory

Theory of money

Theory of distribution of wealth

Which is not studied in macro economics ?

Choose an answer

National income

Money and banking

Consumer's behavior

Public finance

To derive economic laws deductive method was adopted by

Choose an answer

Classical school of thought

Neo classical school of thought

Historical school of thought

Modern school of thought

Economics studies human behaviour from

Choose an answer

Individual angle

Collective angle

Individual & Collective angle

None

In macro economics, what kind of problems can be discussed

Choose an answer

International trade

Consumers behavior

Problems of a firm

Determination of price

Who did write the book named "General theory of employment, interest and money

Choose an answer

Robbins

Pigou

Keynes

Cannon

More Classes

Other Links

Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer