1st Year Principles of Economics Chapter 1 TestDefinition Of Economics

Q1. Multiple choice questions (Attempt all · 10 × 1 = 10)

1. In which year Kenyens wrote his book "General theory of employment, interest and money":

   1. 1929

   2. 1931

   3. 1934

   4. 1936

2. Who did name economics as science of satisfying unlimited wants with limited means:

   1. Marshall

   2. Adam Smith

   3. Robbins

   4. Pigou

3. Laws which reflect religion or society:

   1. Economic laws

   2. State laws

   3. Scientific laws

   4. Moral laws

4. In which year the book named "Principles of Economics" was written:

   1. 1805

   2. 1890

   3. 1903

   4. 1915

5. Who did write the book named "An enquiry into the nature and causes of the wealth of nations":

   1. Adam Smith

   2. Marshall

   3. Robbins

   4. Canon

6. Which is not studied in micro economics:

   1. Theory of consumer behaviour

   2. Price theory

   3. Theory of money

   4. Theory of distribution of wealth

7. Who is called founder of modern school of thought:

   1. Robbins

   2. Cannon

   3. Keynes

   4. Malthus

8. In which kind of economics, aggregate behaviours of the economy are reviewed:

   1. Theoretical

   2. Applied

   3. Micro

   4. Macro

9. Economics is concerned with the attainment of material requisites:

   1. Robbins

   2. Marshall

   3. Pareto

   4. Senior

10. The science in which conditions and incidents are checked from a particular point of view, is called:

    1. Positive science

    2. Normative science

    3. Social science

    4. Political science