Economics Ics Part 1 English Medium Chapter 1 Online Test With Answers

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Economics Ics Part 1 English Medium Chapter 1 Online Test

Sr. # Questions Answers Choice
1 One of the following is not a characteristics of economic laws. Economic laws lack exactitude Economic laws lack predictability They are not universa! They are not optional
2 In which year Alfred Marshall wrote a book entitled "Principle of economics" 1850 190 1870 1890
3 Which laws are implemented with an executive authority . Economic laws Moral laws State laws Physical laws
4 The products which are not priced in the market are called . Economic goods Non-economic goods Merit goods Social goods
5 Economic laws can be define as . A statement of social behaviour Laws implement by an executive Laws of the state Statement of general economic tendencies
6 Robbins definition of economics spell out the existence of Economics problem Social problem Political problem Moral problem
7 Who said that "Economics is a science of human welfare" Adam Smith Carlyle and Ruskin Alfred Marshall Malthus
8 Adam Smith wrote a book entitled "An enquiry into the nature and causes of wealth of nation" in. 1784 1792 1776 1796
9 All the products which are priced in the market are. Non economic products Economic products Private products Public products
10 All non materials products which can satisfy human wants are called. Economic goods Services Non-economics goods Services
11 All materials goods which can satisfy humans wants are called. Non economic goods Economic goods Capital goods Services
12 Which laws are always subjected to certain conditions. Social Political Moral Economic
13 Which one is the non-economic activity. Service of a doctor Morning walk Service of teacher Service of an advocate
14 Who was the exponent of macro economics in recent times. Adam Smith J.M. Keynes Marshall Maithus
15 Which type of problems are brought under discussion in micro economics . Consumer's behaviour International trade Balance of payment Public finance
16 Who was the founder of classical school of thought? Adam Smith Marshall Keynes Maithus
17 Wants are unlimited for: Poor person Rich person All persons None of them
18 Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. 1776 1998 1931 1936
19 Who criticized economics as "dismal Science". Alfred Marshall Lionel Robbins Carlyle and Ruskin J.M. Keynes.
20 According to Alfred Marshall, Economics should be taken as: Positive economics Normative economics Welfare economics Applied economics
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