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

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MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 3 Online Test

00:00
Question # 1

The talent of a professor is .

Question # 2

Which is the general form of quadratic equation

Question # 3

The utility of an additional unit of a product is

Question # 4

According to law of diminishing marginal utilities , a consumer maximises his total utility where.

Question # 5

Marginal utility of a product is the utility obtained by consuming.

Question # 6

The maintain social status in life, a person requires.

Question # 7

Law of equi marginal utility provides basis for.

Question # 8

Total utility is maximised when.

Question # 9

Who introduced indifference curves to explain consumer's beghavior

Question # 10

To show data in tables, we must first

Question # 11

To measure changes in purchasing power of money, we use

Question # 12

Constant are represented by symbol

Question # 13

The first law of consumption was presented by.

Question # 14

In mathematics which letters at the end of alphabet are used to represent variables

Question # 15

When the classify data on the basis of income there will be

Question # 16

Law of equimarginal utility is also called.

Question # 17

How many kinds of Function

Question # 18

if X and Y scales are the same a line making 45-degree angle with X-axis has slope

Question # 19

Variable are represented by symbol

Question # 20

One of the following is not an exception to the law of diminishing marginal utility .

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ICS Part 1 Economics Chapter 3 MCQs Test

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ICS Part 1 Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 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
2 The talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
3 The first law of consumption was presented by.
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
4 Which is the general form of quadratic equation
A. x2-x-20 = 0
B. ax2+bx +c = 0
C. x2- x -c =0
D. None of these
5 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
6 How many kinds of equations?
A. 4
B. 3
C. 2
D. 5
7 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree
8 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
9 ______ 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
10 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

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