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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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Question # 2
"Principles of Economics" was written by.
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Adam smith
Marshall
Robbins
Canon
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Question # 3
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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Question # 4
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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Question # 5
Cannon,. Pigou and Pareto belonged to school of thought
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Classical
Neo classical
Keynesian
None of these
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Question # 6
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 # 7
Methods of deriving economic laws are
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Two
Three
Four
Five
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Question # 8
Who did write the book named "Principles of Economics" was written
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Adam smith
Marshall
Robbins
Cannon
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Question # 9
Economics is a science
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Political
Spiritual
Social
Scientific
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Question # 10
Who did name economics as science of satisfying unlimited wants with limited means
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Marshal
Adam Smith
Robbins
Pigou
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Question # 11
Which economist introduced economics as a science for the first time
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Adam Smith
Robbins
Marshall
Pigou
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Question # 12
Which is not studied in macro economics
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National income
Money and banking
Price theory
Public finance
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Question # 13
Who is father of economics
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Marshall
Malthus
Adam smith
Cannon
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Question # 14
When was professor Robbins book "Nature and importance of economics" written
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1915
1932
1934
1937
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Question # 15
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 # 16
Adam Smith belongs to:
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Poland
Scotland
Ireland
Holland
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