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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
According to Marshall, Economics is
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Social Science
Correcting science
Positive science
Moral science
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Question # 2
The non-material activities which have the ability to satisfy human wants indirectly, are called
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Goods
Services
Satisfaction
None of the three
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Question # 3
Adam Smith belongs to:
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Poland
Scotland
Ireland
Holland
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Question # 4
Of what nature state laws are
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Local
Regional
National
International
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Question # 5
Laws cannot be predicted
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Scientific laws
Moral laws
Economic laws
Natural laws
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Question # 6
Who said that economics is neutural science ?
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Pigou
Keynes
Robbins
Marshall
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Question # 7
Economics according to its scope is:
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Science
Art
Science & Art
Only positive science
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Question # 8
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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Question # 9
Which characteristic is not found in economic laws
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Not quantitative
Cannot be predicted
No punishment in case of going against law
Definite and universal
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Question # 10
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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Question # 11
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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Question # 12
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 # 13
Who said that you can not become good citizen if you have no economist with you
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Marshall
Pigou
Keynes
Voton
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Question # 14
"Principles of Economics" was written by.
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Adam smith
Marshall
Robbins
Canon
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Question # 15
How many kinds are of positive economics
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Two
Three
Four
Five
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Question # 16
To derive economic laws inductive method was adopted by
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Classical school of thought
Neo classical school of thought
Historical school of thought
Modern school of thought
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