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This online test contains MCQs about following topics:
Human Wants,Utility,Scarcity,Defination By Adam Smith,Marshall and Robbins,Modern View of Economics ,Comparison of Defination , Methods of Economics ,Economics Theory, Economic Principle ,Policy Economics , Micro Vs Macroeconomics ,Economics Laws Deductive and Inductive Methods
MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
Try The MCQ's Test For Chapter 1 "Economics Ics Part 1 English Medium Chapter 1 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 1 Online Test
00:00
Question # 1
Which laws are implemented with an executive authority .
Question # 2
Which type of problems are brought under discussion in micro economics .
Question # 3
Economic principle are also called
Question # 4
Scarcity exists
Question # 5
The basic economic problem to all societies is
Question # 6
Market system means
Question # 7
normative economics
Question # 8
Ceteris paribus means
Question # 9
Prof. Marshall thinks
Question # 10
Economics is a science
Question # 11
Marshall wrote the book
Question # 12
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
Question # 13
The products which are not priced in the market are called .
Question # 14
Economics problems arise because of
Question # 15
Select the correct statement
Question # 16
Scope of economics is defined as:
Question # 17
Economic problems arises because of.
Question # 18
Economics
Question # 19
Three basic economics problems are
Question # 20
Who said that "Economics is a science of human welfare"
ICS Part 1 Economics Chapter 1 MCQs Test
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ICS Part 1 Economics Chapter 1 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Economics is a science |
A. Spiritual
B. Social
C. dismal
D. moral
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| 2 | Adam smith was a |
A. President of France
B. a modern economist
C. good sports man
D. classical economist
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| 3 | Wealth of Nations was written by |
A. Adam Smith
B. Malthus
C. Marshall
D. Newton
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| 4 | Robbins in his definition |
A. talks of scarcity of resources
B. preached moral values
C. supports Adam smith view
D. none of the above
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| 5 | One of the following is not studied in Micro economics. |
A. Equilibrium to the firm
B. Distribution of rewards to factors of productions
C. Banking system
D. Market equilibrium
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| 6 | Which one is the non-economic activity. |
A. Service of a doctor
B. Morning walk
C. Service of teacher
D. Service of an advocate
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| 7 | The products which are not priced in the market are called . |
A. Economic goods
B. Non-economic goods
C. Merit goods
D. Social goods
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| 8 | Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
A. 1776
B. 1998
C. 1931
D. 1936
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| 9 | According to Alfred Marshall, Economics should be taken as: |
A. Positive economics
B. Normative economics
C. Welfare economics
D. Applied economics
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| 10 | He described economics as a science of material welfare |
A. Robbins
B. Marshall
C. Ricardo
D. Keyness
|
Test Questions