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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
Who introduced indifference curves to explain consumer's beghavior
Question # 2
if X and Y scales are the same a line making 45-degree angle with X-axis has slope
Question # 3
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 4
How many kinds of Function
Question # 5
Constant are represented by symbol
Question # 6
Variable are represented by symbol
Question # 7
The relationship between two variables that move in the same direction is called
Question # 8
This is a tool in economic studies
Question # 9
A ______ is something which is measurable and can take on different values
Question # 10
To measure changes in purchasing power of money, we use
Question # 11
The utility of an additional unit of a product is
Question # 12
To show data in tables, we must first
Question # 13
A bridge will be a
Question # 14
A statement of how one variable affects other variable is
Question # 15
How many kinds of data?
Question # 16
Law of diminishing marginal utility provides basis for:
Question # 17
3x2=0 is an equation
Question # 18
One of the following will not be an assumption of the law of diminishing marginal utility.
Question # 19
Total utility is maximised when.
Question # 20
How many Kinds of variables?
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 -
M Minahil Kashif 06 - May - 2026 02 Min 03 Sec 18/20 -
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
ICS Part 1 Economics Chapter 3 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | ______ 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
|
| 2 | According to law of equi-marginal utility a consumer will maximises his total utility when |
A. He spends all his income on the product only
B. He spends more on one and less on the other
C. Marginal utility of the two goods are equalised
D. Not only the marginals utility of the two goods are equalised, but also the marginal utility of each good is equal to its price.
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| 3 | Total utility is maximised when. |
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above
|
| 4 | A statement of how one variable affects other variable is |
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
|
| 5 | 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
|
| 6 | How many kinds of data? |
A. 2
B. 3
C. 4
D. 5
|
| 7 | Variable are represented by symbol |
A. V
B. U
C. P
D. C
|
| 8 | The first law of consumption was presented by. |
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
|
| 9 | Initial utility of a product is : |
A. Highest
B. Lowest
C. Conatant
D. None of them
|
| 10 | A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is. |
A. Negatively slop curve
B. An indifference curve
C. Positively sloped Curve
D. None of the above
|
Test Questions
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