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This online test contains MCQs about following topics:
Variables and Constant ,Parametrs ,Equations, Simultaneous Equation,Graphs of Equations,Functions,Statistics ,Data Collection,Classification and Tabulations
MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"
Try The MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
Law of equi marginal utility provides basis for.
Question # 2
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
Question # 3
A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of
Question # 4
When marginal utility of a product is zero its total utility will be.
Question # 5
if X and Y scales are the same a line making 45-degree angle with X-axis has slope
Question # 6
To measure changes in purchasing power of money, we use
Question # 7
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 8
A bridge will be a
Question # 9
A statement of how one variable affects other variable is
Question # 10
According to law of equi-marginal utility a consumer will maximises his total utility when
Question # 11
How many kinds of equations?
Question # 12
Total utility is maximised when.
Question # 13
This is a tool in economic studies
Question # 14
Who introduced indifference curves to explain consumer's beghavior
Question # 15
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data
Question # 16
One of the following is not an exception to the law of diminishing marginal utility .
Question # 17
Which is the general form of quadratic equation
Question # 18
Law of diminishing marginal utility provides basis for:
Question # 19
How many kinds of data?
Question # 20
The maintain social status in life, a person requires.
ICS Part 1 Economics Chapter 3 MCQs Test
Top Scorers Of Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test" MCQ`s Test
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H hafsa Mumtaz 10 - May - 2024 00 Min 04 Sec 20/20 -
R Reta Rossie 29 - Apr - 2024 00 Min 04 Sec 20/20 -
Z Zafar Ali 22 - May - 2024 00 Min 16 Sec 20/20 -
L Laiba Muqaddas 25 - Jul - 2024 00 Min 20 Sec 20/20 -
A Anum Fatima 19 - Jun - 2023 00 Min 51 Sec 20/20 -
G Goldenwords Goldenwords 09 - Jul - 2023 01 Min 47 Sec 20/20 -
T Tazmeen Afaq 21 - Jul - 2023 02 Min 08 Sec 18/20 -
P Priya Yash 04 - May - 2024 02 Min 38 Sec 18/20 -
F Fatima Romel 20 - Mar - 2023 02 Min 41 Sec 17/20 -
B Bano Begum 09 - May - 2024 04 Min 51 Sec 17/20 -
A Abdullah Ahmed 09 - Mar - 2023 00 Min 08 Sec 16/20 -
Z Zaina Ch 10 - May - 2024 01 Min 43 Sec 15/20 -
M M.Attiq-U-Rehman 24 - Nov - 2023 02 Min 34 Sec 15/20 -
M Maryam Akram 21 - Apr - 2024 02 Min 45 Sec 15/20 -
E Eman 19 - Jul - 2024 02 Min 56 Sec 15/20
ICS Part 1 Economics Chapter 3 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Law of equi marginal utility provides basis for. |
A. Equal distribution of wealth
B. Economy in taxation
C. Law of diminishing returns
D. Law of constant returns
|
| 2 | A bridge will be a |
A. Private good
B. Capital goods
C. Consumer good
D. Personal good
|
| 3 | When the classify data on the basis of income there will be |
A. class intervals
B. class numbers
C. groups
D. sections
|
| 4 | How many kinds of Function |
A. 2
B. 3
C. 4
D. 5
|
| 5 | ______ is a science which is concerned with the collection, presentation, and interpretation of numerical data |
A. Statistics
B. Economics analysis
C. Function
D. None of these
|
| 6 | The talent of a professor is . |
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
|
| 7 | One of the following will not be an assumption of the law of diminishing marginal utility. |
A. Nature of the product should not changed
B. Mental condition of the consumer
C. Income of the consumer should not changed
D. None of the three
|
| 8 | A statement of how one variable affects other variable is |
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
|
| 9 | Who introduced indifference curves to explain consumer's beghavior |
A. J.R Hicks
B. Marshall
C. Robbins
D. Adam Smith
|
| 10 | Initial utility of a product is : |
A. Highest
B. Lowest
C. Conatant
D. None of them
|
Test Questions