Nature and scope of Economics: Economics 1
Ordinary Level G.C.E Revision Guide
Subject Code 0525 Mcq with answers Practice Quiz
1. Economics owes its origin to the Greek word
“olkonomia” which means
A. Resource management
B. Business
C. Household management
D. Family planning
2. The definition of economics “an inquiry into
nature and causes of the wealth of nations” is by;
A. Adams Smith
B. Lionel Robbins
C. Wilfred Marshall
D. John Stuart Mill
, 3. The definition of “Economics is the practical
science of production and distribution” is by;
A. Adam Smith
B. Lionel Robbins
C. Alfred Marshall
D. John Stuart Mill
4. Who defined economics as “the study of mankind
in this ordinary business of life”.
A. Adams Smith
B. Lionel Robbins
C. Alfred Marshall
D. John Stuart Mill
5. Utility is measured in;
A. Units
B. Utility
C. Utils
D. Utencils
Ordinary Level G.C.E Revision Guide
Subject Code 0525 Mcq with answers Practice Quiz
1. Economics owes its origin to the Greek word
“olkonomia” which means
A. Resource management
B. Business
C. Household management
D. Family planning
2. The definition of economics “an inquiry into
nature and causes of the wealth of nations” is by;
A. Adams Smith
B. Lionel Robbins
C. Wilfred Marshall
D. John Stuart Mill
, 3. The definition of “Economics is the practical
science of production and distribution” is by;
A. Adam Smith
B. Lionel Robbins
C. Alfred Marshall
D. John Stuart Mill
4. Who defined economics as “the study of mankind
in this ordinary business of life”.
A. Adams Smith
B. Lionel Robbins
C. Alfred Marshall
D. John Stuart Mill
5. Utility is measured in;
A. Units
B. Utility
C. Utils
D. Utencils
