11th class Principles of Economics chapter 1 online mcq test with answers for I.Com part 1 Principles of Economics chapter 1(Definition of Economics)

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

Sr. #	Questions	Answers Choice
1	Which one is not included in macro economics	National income Employment Price Investment
2	In which punishment is not applicable for the disobedience, the laws are	Moral laws Laws of state Political laws Economic laws
3	Micro economics studies related to	National income Unemployment Trade cycle Consumer's behavior
4	Of what nature state laws are	Local Regional National International
5	Study of large aggregated of economic system is called	Micro economics Macro economics Applied economics All the three
6	Study of small units of an economic system is called	Micro economics Macro economics Applied economics All the three
7	Which economist did present the concept of macro economics	Adam Smith Marshall Pigou Keynes
8	Marshall belonged to the country	America England France Japan
9	Cannon,. Pigou and Pareto belonged to school of thought	Classical Neo classical Keynesian None of these
10	Walker, senior and Malthus belonged to school of thought	Classical Neo classical Keynesian None of these
11	The science in which conditions and incidents are checked from a particular point of view, is called	Positive science Normative science Social science All of three
12	Who did criticise the definition of Robbins	Marshall J.B. Clark Beveridge Pigou
13	Economic problem arises because human wants	Are unlimited Are limited Do not exists None of three
14	The goods which are directly consumed by the human-being, are called	Consumer goods Capital goods Industrial goods None of the three
15	The non-material activities which have the ability to satisfy human wants indirectly, are called	Goods Services Satisfaction None of the three

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