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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
One of the following is not an exception to the law of diminishing marginal utility .
Question # 2
Law of diminishing marginal utility provides basis for:
Question # 3
How many kinds of equations?
Question # 4
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
Question # 5
A bridge will be a
Question # 6
The utility of an additional unit of a product is
Question # 7
According to law of equi-marginal utility a consumer will maximises his total utility when
Question # 8
The first law of consumption was presented by.
Question # 9
A statement of how one variable affects other variable is
Question # 10
Variable are represented by symbol
Question # 11
if X and Y scales are the same a line making 45-degree angle with X-axis has slope
Question # 12
Total utility is maximised when.
Question # 13
How many kinds of data?
Question # 14
When marginal utility of a product is zero its total utility will be.
Question # 15
One of the following will not be an assumption of the law of diminishing marginal utility.
Question # 16
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 17
How many kinds of Function
Question # 18
In mathematics which letters at the end of alphabet are used to represent variables
Question # 19
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 # 20
If we plot the equation y = 20 +3x, its slope is
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 | 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
|
| 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 | 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.
|
| 4 | According to law of diminishing marginal utilities , a consumer maximises his total utility where. |
A. MUa = MPa
B. MUa = AUa
C. MUa = TCa
D. MUa = Pa
|
| 5 | A bridge will be a |
A. Private good
B. Capital goods
C. Consumer good
D. Personal good
|
| 6 | How many kinds of data? |
A. 2
B. 3
C. 4
D. 5
|
| 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 | 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
|
| 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
|
Test Questions
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