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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
The whom individuals Marshal included in definition of economics
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Service of teachers
People living in forests
Trading professionals
People living in caves
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Question # 2
The conditions which are essentially kept constant for the application of economic laws, are called
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Changes
Assumptions
Limitations
Theories
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Question # 3
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 # 4
How many kinds are of positive economics
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Two
Three
Four
Five
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Question # 5
In which year the book named "Principles of Economics" was written
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1805
1890
1903
1915
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Question # 6
Who said that economics has the place of intellectual religion
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Cannon
Pigou
Durban
Robbins
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Question # 7
Which is not studied in macro economics ?
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National income
Money and banking
Consumer's behavior
Public finance
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Question # 8
Adam Smith belongs to:
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Poland
Scotland
Ireland
Holland
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Question # 9
Exact perdition not possible in:
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Economic laws
Science laws
Moral laws
Social law
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Question # 10
Economics according to its scope is
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Science
Art
Science & Art
Only positive science
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Question # 11
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 # 12
Economics is a science:
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Political
Spiritual
Social
Scientific
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Question # 13
Who said that economics is neutural science ?
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Pigou
Keynes
Robbins
Marshall
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Question # 14
"Principles of Economics" was written by.
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Adam smith
Marshall
Robbins
Canon
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Question # 15
Study of large aggregated of economic system is called
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Micro economics
Macro economics
Applied economics
All the three
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Question # 16
Economic laws are:
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Definite and universal
Conditional
Moral
Political
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