Question # 1

Propounder of economics was

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Robbins

Marshall

Adam smith

Keynes

Which one is not studied in micro economic

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National income

Consumer behavior

Market equilibrium

Firm's equilibrium

Which economist said that abundance of definitions has pressed the neck of economics

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Adam Smith

Robbins

Keynes

Pigou

Micro economics studies related to:

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National income

Unemployment

Trade cycle

Consumers behaviour

Meaning of Economics:

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State management

Trade management

Household management

All of them

Not acting upon economic laws

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One gets punishment

Economy faces loss

Only the people not acting, face loss

No one is influenced

Factors of production are:

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Two

Three

Four

Five

Who said that economics is normative science ?

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Keynes

Robbins

Marshall

Rocher

Economic laws are

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Definite and universal

Of Conditional nature

Of moral nature

Of political nature

To derive economic laws inductive 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

In how many parts professor Adam smith divided his book "Wealth of nations"

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Two

Three

Four

Five

Who is the Founder of macro economics ?

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Marshall

Malthus

Adam smith

Keynes

Who said that economics has the place of intellectual religion

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Cannon

Pigou

Durban

Robbins

Who did criticise the definition of Robbins

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Marshall

J.B. Clark

Beveridge

Pigou

New classical economist is

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Robbins

Malthus

Marshall

Adam Smith

Ceteris paribus means:

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Other things remain the same

Assumptions of the law

Conditions of the law

All of them

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

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