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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
How many are kinds of theoretical economics
Choose an answer
Two
Three
Four
Five
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Question # 2
Who did write the book named "Nature and importance of economics"
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Adam smith
Marshall
Robbins
Keynes
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Question # 3
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 # 4
Which one is not studied in micro economic
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National income
Consumer behavior
Market equilibrium
Firm's equilibrium
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Question # 5
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
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Question # 6
Propounder of economics was
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Robbins
Marshall
Adam smith
Keynes
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Question # 7
Laws which reflect religion of society
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Economic laws
State laws
Scientific laws
Moral laws
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Question # 8
Economic problem arises because human wants
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Are unlimited
Are limited
Do not exists
None of three
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Question # 9
Study of small units of the economoy is known is:
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Micro economics
Macro economics
Applied economics
All of them
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Question # 10
Behavior adopted on the basis of unlimited wants and limited means, is named
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Science
Art
Economics
Struggle
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Question # 11
The most clear and comprehensive definition of economics is given by
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Adam Smith
Alfred Marshall
Robbins
A.C. Pigou
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Question # 12
Economics according to its scope is
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Science
Art
Science & Art
Only positive science
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Question # 13
Micro economics related to
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International trade
Behavior of firm
National income
Personal income
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Question # 14
Economics is concerned with the attainment of material requisites
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Robbins
Marshall
Pareto
Senior
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Question # 15
Who did introduce Macro Economics
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Marshall
N.W. Senior
J.M. Keynes
Ricardo
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Question # 16
In macro economics, what kind of problems can be discussed
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International trade
Consumers behavior
Problems of a firm
Determination of price
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