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

ICS Part 1 Economics Chapter 1 Test

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ICS Part 1 Economics Chapter Wise Test

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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Economics Ics Part 1 English Medium Chapter 1 Online Test

00:00
Question # 1

normative economics

Question # 2

One of the following is not studied in Micro economics.

Question # 3

Father of the political economy

Question # 4

Everyone should study economics is a

Question # 5

Who was the exponent of welfare economics.

Question # 6

Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in.

Question # 7

Prof. Robins wrote a book in 1931 entitled.

Question # 8

Robbins definition of economics spell out the existence of

Question # 9

Ceteris paribus means

Question # 10

Economics is a science which studies.

Question # 11

Wealth of nations

Question # 12

Wealth of Nations was written in

Question # 13

Marshall wrote the book

Question # 14

The basic economic problem to all societies is

Question # 15

Robbins in his definition

Question # 16

Scarcity exists

Question # 17

Which statement relates to macroeconomics

Question # 18

Scarcity of goods means

Question # 19

Who said that "Economics is a science of human welfare"

Question # 20

Economics laws are:

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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 Adam smith was a
A. President of France
B. a modern economist
C. good sports man
D. classical economist
2 Which laws are implemented with an executive authority .
A. Economic laws
B. Moral laws
C. State laws
D. Physical laws
3 Which one is not doing an economic activity.
A. One who is offering prayers.
B. One who works for wage.
C. One who rents out his property .
D. One who is an employee of Government
4 One of the following is not a characteristics of economic laws.
A. Economic laws lack exactitude
B. Economic laws lack predictability
C. They are not universa!
D. They are not optional
5 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.
6 Economics theory means
A. economic policy
B. economic principles
C. descriptive economics
D. economics facts
7 Robbins in his definition
A. talks of scarcity of resources
B. preached moral values
C. supports Adam smith view
D. none of the above
8 Economic principle are also called
A. economic law
B. economic theory
C. economic model
D. all of the above
9 Economics laws are
A. exact
B. approximate
C. brief
D. definite
10 Wants are unlimited for:
A. Poor person
B. Rich person
C. All persons
D. None of them

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