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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Economics according to its scope is
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Science
Art
Science & Art
Only positive science
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Question # 2
Propounder of economics was
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Robbins
Marshall
Adam smith
Keynes
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Question # 3
According to Neo Classical economists, Economics is science of
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Scarcity of means
Material welfare
Wealth
Unlimited wants
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Question # 4
In which year Kenyens wrote his book "General theory of employment, interest and money
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1929
1931
1934
1936
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Question # 5
Which economist said that abundance of definitions has pressed the neck of economics
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Adam Smith
Robbins
Keynes
Pigou
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Question # 6
Which economist did present the concept of macro economics
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Adam Smith
Marshall
Pigou
Keynes
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Question # 7
Which characteristic is not found in economic laws
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Not quantitative
Cannot be predicted
No punishment in case of going against law
Definite and universal
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Question # 8
Who is the Founder of macro economics ?
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Marshall
Malthus
Adam smith
Keynes
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Question # 9
Economics is a science:
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Political
Spiritual
Social
Scientific
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Question # 10
Who did criticise the definition of Robbins
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Marshall
J.B. Clark
Beveridge
Pigou
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Question # 11
Who said that economics is positive science
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Adam Smith
Marshall
Robbins
Keynes
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Question # 12
Which book is named "Bible of Capitalism"
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Wealth of nations
Das capital
Principles of economics
General theory of employment, interest and money
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Question # 13
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 # 14
The subject matter of Macro Economics is
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Consumer's behavior
International trade
Firm's behavior
Price mechanism
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Question # 15
Exact perdition not possible in:
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Economic laws
Science laws
Moral laws
Social law
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Question # 16
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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