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3rd Chapter

## First Year Economics Chapter 3 Online MCQ Test for 1st Year Economics Chapter 3 (Some Mathematical and Statistical Concepts)

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

#### ICS Part 1 Economics Chapter 3 Test

Start Chapter 3 Test

### First Year Economics Chapter 3 Online MCQ Test for 1st Year Economics Chapter 3 (Some Mathematical and Statistical Concepts)

1 A statement of how one variable affects other variable is
• B. a variable
• C. an assumption
• D. a functional relationship
2 The maintain social status in life, a person requires.
• A. Bare necessities of life
• B. Comforts of life
• C. Luxuries of life
• D. All of them
3 How many kinds of equations?
• A. 4
• B. 3
• C. 2
• D. 5
4 To measure changes in purchasing power of money, we use
• A. percentages
• B. index numbers
• C. averages
• D. variables
5 The relationship between two variables that move in the same direction is called
• A. neutral
• B. positive
• C. independent
• D. dependent
6 A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of
• A. Prof. Kooros
• B. Prof. Marshall
• C. Prof. Rabbins
• D. Prof. Kneez
7 Constant are represented by symbol
• A. C
• B. V
• C. P
• D. U
8 The utility of an additional unit of a product is
• A. Law of demand
• B. Law of substitution
• C. Law of supply
• D. Law of diminishing marginal utility
9 if X and Y scales are the same a line making 45-degree angle with X-axis has slope
• A. 1/4
• B. 1/2
• C. 1
• D. constant
10 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

### Top Scorers of Economics Ics Part 1 English Medium Chapter 3 Online Test

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#### Zeshan

Lahore03 - Dec - 2021

17/20
05 Mins 50 Sec
P

#### Prerna Sahu

Lahore13 - Dec - 2021

15/20
03 Mins 58 Sec
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#### Jiya Rani

Lahore29 - Nov - 2021

14/20
03 Mins 45 Sec
S

#### Stuti Shukla

Lahore22 - Nov - 2021

12/20
02 Mins 43 Sec
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#### Nandini

Lahore12 - Dec - 2021

11/20
04 Mins 11 Sec
L

Lahore26 - Nov - 2021

10/20
01 Mins 41 Sec
S

#### Shivani Koli

Lahore27 - Nov - 2021

10/20
02 Mins 28 Sec
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#### Seema RANI

Lahore28 - Nov - 2021

10/20
03 Mins 15 Sec

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