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

Question # 1

Who did name Economics as the science of mammon worship and dismal science

Choose an answer

Marshall

Keynes

John Ruskin & Carlyle

Pigou

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Question # 2

Behavior adopted on the basis of unlimited wants and limited means, is named

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Science

Art

Economics

Struggle

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Question # 3

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

Choose an answer

Robbins

Pigou

Keynes

Cannon

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Question # 4

"General theory of employment, interest and money" was written by:

Choose an answer

Robbins

Pigou

Keynes

Canon

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Question # 5

Which laws are framed by parliament

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State laws

Moral laws

Economic laws

Scientific laws

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Question # 6

When after the observation and analysis of the conditions, they are stated as they are, is called

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Normative science

Positive science

Vegetation science

Science of Prediction

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Question # 7

"Principles of Economics" was written by.

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Adam smith

Marshall

Robbins

Canon

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Question # 8

How many kinds are of positive economics

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Two

Three

Four

Five

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Question # 9

In which punishment is not applicable for the disobedience, the laws are

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Moral laws

Laws of state

Political laws

Economic laws

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Question # 10

Who did separate economics from political science for the first time

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Marshall

Malthus

Adam smith

Ricardo

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Question # 11

Economics is a science which studies.

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Production of wealth only

Consumption of wealth only

Optimum use of scare resources

Welfare only

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