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Online Tests
Principles of Economics Icom Part 1 English Medium Chapter 1 Online Test MCQs With Answers
Question # 1
Micro economics related to
Choose an answer
International trade
Behavior of firm
National income
Personal income
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Question # 2
Which is not studied in micro economics
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Theory of consumer behavior
Price theory
Theory of money
Theory of distribution of wealth
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Question # 3
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
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Question # 4
Marshall belonged to the country
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America
England
France
Japan
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Question # 5
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 # 6
Exact perdition not possible in:
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Economic laws
Science laws
Moral laws
Social law
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Question # 7
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 # 8
Who is father of economics
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Marshall
Malthus
Adam smith
Cannon
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Question # 9
Who is the Founder of macro economics ?
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Marshall
Malthus
Adam smith
Keynes
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Question # 10
Which is not studied in macro economics ?
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National income
Money and banking
Consumer's behavior
Public finance
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Question # 11
Study of large units of the economy is known as:
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Micro economics
Macro ecnomics
Applied economics
All of them
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Question # 12
Adam Smith belongs to:
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Poland
Scotland
Ireland
Holland
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Question # 13
How many are kinds of theoretical economics
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Two
Three
Four
Five
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Question # 14
Meaning of Economics:
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State management
Trade management
Household management
All of them
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Question # 15
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 # 16
Economics is a science
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Political
Spiritual
Social
Scientific
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