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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Who said that economics is positive science
Choose an answer
Adam Smith
Marshall
Robbins
Keynes
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Question # 2
Methods to derive economic laws:
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One
Two
Three
Four
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Question # 3
Marshall belonged to the country
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America
England
France
Japan
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Question # 4
Economics is a science:
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Political
Spiritual
Social
Scientific
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Question # 5
Economics is concerned with the attainment of material requisites
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Robbins
Marshall
Pareto
Senior
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Question # 6
Who did name Economics as the science of mammon worship and dismal science
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Marshall
Keynes
John Ruskin & Carlyle
Pigou
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Question # 7
Economics studies human behaviour from
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Individual angle
Collective angle
Individual & Collective angle
None
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Question # 8
To derive economic laws deductive 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 # 9
Meaning of Economics:
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State management
Trade management
Household management
All of them
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Question # 10
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 # 11
Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?
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Adam Smith
Marshall
Robbins
Canon
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Question # 12
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 # 13
Exact perdition not possible in:
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Economic laws
Science laws
Moral laws
Social law
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Question # 14
The science in which conditions and incidents are checked from a particular point of view, is called
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Positive science
Normative science
Social science
All of three
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Question # 15
Founder of Classical school of thought was:
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Adam smith
Marshall
Robbins
Keynes
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Question # 16
Not acting upon economic laws
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One gets punishment
Economy faces loss
Only the people not acting, face loss
No one is influenced
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