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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Which is not studied in macro economics
Choose an answer
National income
Money and banking
Price theory
Public finance
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Question # 2
The goods which are directly consumed by the human-being, are called
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Consumer goods
Capital goods
Industrial goods
None of the three
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Question # 3
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 # 4
Cannon,. Pigou and Pareto belonged to school of thought
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Classical
Neo classical
Keynesian
None of these
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Question # 5
Economics is a science
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Political
Spiritual
Social
Scientific
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Question # 6
In how many parts professor Adam smith divided his book "Wealth of nations"
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Two
Three
Four
Five
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Question # 7
Methods of deriving economic laws are
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Two
Three
Four
Five
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Question # 8
Who said that economics is positive science ?
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Adam smith
Marshall
Robbins
Keynes
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Question # 9
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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Question # 10
Which economist did name economics as neutral science
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Pigou
Keynes
Robbins
Marshall
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Question # 11
Economics is concerned with the attainment of material requisites
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Robbins
Marshall
Pareto
Senior
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Question # 12
Meaning of Economics:
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State management
Trade management
Household management
All of them
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Question # 13
"Principles of Economics" was written in:
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1776
1890
1932
1930
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Question # 14
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 # 15
In which punishment is not applicable for the disobedience, the laws are
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Moral laws
Laws of state
Political laws
Economic laws
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Question # 16
New classical economist is
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Robbins
Malthus
Marshall
Adam Smith
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