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3rd Chapter

ICS Part 1 Economics Chapter 3 MCQs Test

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

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

Sr. # Questions Answers Choice
1 How many kinds of Function
  • A. 2
  • B. 3
  • C. 4
  • D. 5
2 Variable are represented by symbol
  • A. V
  • B. U
  • C. P
  • D. C
3 Law of equimarginal utility is also called.
  • A. Law of substitution
  • B. Law of maximum social benefits
  • C. Law of economy
  • D. Law of maximum satisfaction
4 Initial utility of a product is :
  • A. Highest
  • B. Lowest
  • C. Conatant
  • D. None of them
5 In mathematics which letters at the end of alphabet are used to represent variables
  • A. (u,v,w,x,y,z)
  • B. (a,b.c.d.e.f.g)
  • C. (a.b.c.u.v.w)
  • D. ((x,y,z,a,b,c)
6 Constant are represented by symbol
  • A. C
  • B. V
  • C. P
  • D. U
7 A statement of how one variable affects other variable is
  • A. a quadrant
  • B. a variable
  • C. an assumption
  • D. a functional relationship
8 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
9 One of the following is not an exception to the law of diminishing marginal utility .
  • A. Money
  • B. Knowledge
  • C. Music
  • D. Non of them
10 How many Kinds of variables?
  • A. There are many kinds of variables
  • B. There are 2 kinds of variables
  • C. There are 3 kinds of variables
  • D. There are 4 kinds of variables

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

L

Lishy Lishy

Lahore30 - Nov - 2022

13/20
03 Mins 29 Sec

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