11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Founder of neo-classical school of thought:	Adam Smith Marshall Robbins Keynes
2	Economics is a science:	Political Spiritual Social Scientific
3	Factors of production are:	Two Three Four Five
4	Who wrote the book named "An enquiry into the nature and causes of the wealth of nations ?	Adam Smith Marshall Robbins Canon
5	Who said that economics is the science of wealth ?	Adam Smith Robbins Marshall Pigou
6	Meaning of Economics:	State management Trade management Household management All of them
7	Founder of Classical school of thought was:	Adam smith Marshall Robbins Keynes
8	During boom, a government prepares budget which is	Balanced Surplus Deficit Unbalanced
9	During depression, a government prepares budget which is	Balanced Surplus Deficit Unbalanced
10	If income of government is less than its expenditures, then it is a	Surplus budget Deficit budget Development budget Balanced budget
11	If income of government is more than its expenditures, then it is a	Surplus budget Deficit budget Development budget Balanced budget
12	The revenue collection of government and spending policy is called	Monetary policy Fiscal policy commercial policy Labour policy
13	The budget period in public finance is	six months one year two years five years
14	The rate of usher on product of canal land is	5% 10% 20% 2.5%
15	If everybody pays tax according to his financial position, it is said	canon of convenience canon of Equality canon of Economy canon of simplicity

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