Question # 1

Of what nature state laws are

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Local

Regional

National

International

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

How many are kinds of theoretical economics

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Two

Three

Four

Five

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

Word of economics has been derived from "Oikonomos" which is word of the language

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French

Latin

Russian

None of them

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

Who said that economics is positive science

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Adam Smith

Marshall

Robbins

Keynes

"Principles of Economics" was written by.

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Adam smith

Marshall

Robbins

Canon

Which laws are framed by parliament

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State laws

Moral laws

Economic laws

Scientific laws

Economics is a science:

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Political

Spiritual

Social

Scientific

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

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

Which economist did name economics as neutral science

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Pigou

Keynes

Robbins

Marshall

Founder of new classical school of thought was

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Adam smith

Marshall

Robbins

Keynes

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

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