1st Chapter

ICS Part 1 Economics Chapter 1 MCQs Test

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

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

First Year Economics Chapter 1 Online MCQ Test for 1st Year Economics Chapter 1 (Nature and Scope)

Sr. # Questions Answers Choice
1 Adam smith was a
  • A. President of France
  • B. a modern economist
  • C. good sports man
  • D. classical economist
2 Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in.
  • A. 1776
  • B. 1998
  • C. 1931
  • D. 1936
3 Economics is a science
  • A. Spiritual
  • B. Social
  • C. dismal
  • D. moral
4 Everyone should study economics is a
  • A. positive statement
  • B. normative statement
  • C. true statement
  • D. nonsense
5 Who was the exponent of macro economics in recent times.
  • A. Adam Smith
  • B. J.M. Keynes
  • C. Marshall
  • D. Maithus
6 Wealth of Nations was written in
  • A. 1976
  • B. 1876
  • C. 1776
  • D. 1676
7 Economics problems arise because of
  • A. greed
  • B. scarcity
  • C. dishonesty
  • D. laziness
8 Prof. Robins wrote a book in 1931 entitled.
  • A. General Theory of employment. Interest and money.
  • B. An inquiry into the nature and causes of wealth of nations.
  • C. Principle of economics.
  • D. Nature and Significance of economic science.
9 In economics, assumptions
  • A. make economics theory useless
  • B. mean other things equal
  • C. enable economics to simplify reality
  • D. used in micro and not in macroeconomics
10 Economics theory means
  • A. economic policy
  • B. economic principles
  • C. descriptive economics
  • D. economics facts

Top Scorers of Economics Ics Part 1 English Medium Chapter 1 Online Test

M

Mohammad Akhlaq

Lahore17 - Oct - 2024

16/20
03 Mins 58 Sec
A

Ahmed Haroon

Lahore04 - Nov - 2024

14/20
06 Mins 40 Sec
Z

ZUNAIRA 5992

Lahore23 - Sep - 2024

11/20
03 Mins 16 Sec
S

Syed Soban Shah

Lahore31 - Oct - 2024

11/20
04 Mins 15 Sec
A

Adeel Shah

Lahore21 - Sep - 2024

11/20
05 Mins 05 Sec

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  • Afzal Rehmani

    02 Apr 2024

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    24 Dec 2019

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    01 Jul 2018

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    28 Apr 2017

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    Mir Abdulrehman

    27 Feb 2016

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