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

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Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test

Sr. # Questions Answers Choice
1 Economics is a science: Political Spiritual Social Scientific
2 Factors of production are: Two Three Four Five
3 Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ? Adam Smith Marshall Robbins Canon
4 Who said that economics is the science of wealth ? Adam Smith Robbins Marshall Pigou
5 Meaning of Economics: State management Trade management Household management All of them
6 Founder of Classical school of thought was: Adam smith Marshall Robbins Keynes
7 Which one is not studied in micro economic National income Consumer behavior Market equilibrium Firm's equilibrium
8 In macro economics, what kind of problems can be discussed International trade Consumers behavior Problems of a firm Determination of price
9 Micro economics related to International trade Behavior of firm National income Personal income
10 Which laws are conditional State Economic Scientific Moral
11 The subject matter of Macro Economics is Consumer's behavior International trade Firm's behavior Price mechanism
12 The most clear and comprehensive definition of economics is given by Adam Smith Alfred Marshall Robbins A.C. Pigou
13 To describe as it is, after seeing and analyzing any event, is known as Normative science Positive science Biological science For casting science
14 New classical economist is Robbins Malthus Marshall Adam Smith
15 According to Robbins, the basic concept of Economics is Political problem Economic problem Psychological problem Religious problem
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