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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Of what nature state laws are
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Local
Regional
National
International
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Question # 2
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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Question # 3
How many are kinds of theoretical economics
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Two
Three
Four
Five
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Question # 4
Deductive method of deriving economic laws
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We move from general conditions to particular conditions
We move from particular conditions to general conditions
Stated in general way
Different incidents are kept in view
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Question # 5
Word of economics has been derived from "Oikonomos" which is word of the language
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French
Latin
Russian
None of them
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Question # 6
To describe as it is, after seeing and analyzing any event, is known as
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Normative science
Positive science
Biological science
For casting science
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Question # 7
Who said that economics is positive science
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Adam Smith
Marshall
Robbins
Keynes
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Question # 8
"Principles of Economics" was written by.
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Adam smith
Marshall
Robbins
Canon
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Question # 9
Which laws are framed by parliament
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State laws
Moral laws
Economic laws
Scientific laws
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Question # 10
Economics is a science:
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Political
Spiritual
Social
Scientific
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Question # 11
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 # 12
Economic point of view of the supporters of which school of thought is the name of feeling and mental state
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Classical
Neo classical
Ancient
Modern
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Question # 13
Which economist did name economics as neutral science
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Pigou
Keynes
Robbins
Marshall
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Question # 14
Founder of new classical school of thought was
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Adam smith
Marshall
Robbins
Keynes
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Question # 15
The goods which are directly consumed by the human-being, are called
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Consumer goods
Capital goods
Industrial goods
None of the three
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