11th class Economics chapter 3 online mcq test with answers for ICS part 1 Economics chapter 3 (Some Mathematical and Statistical Concepts)

Question # 1

A ______ is something which is measurable and can take on different values

Variable A
Constant B
Both a and b C
None of these D

Question # 2

How many kinds of data?

2 A
3 B
4 C
5 D

Question # 3

Law of equi marginal utility provides basis for.

Equal distribution of wealth A
Economy in taxation B
Law of diminishing returns C
Law of constant returns D

Question # 4

This is a tool in economic studies

market A
price B
firm C
functional relation D

Question # 5

The first law of consumption was presented by.

Robert Malthus A
Loinel Robbins B
Alfred Marshall C
Pareto D

Question # 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

Prof. Kooros A
Prof. Marshall B
Prof. Rabbins C
Prof. Kneez D

Question # 7

How many kinds of Function

2 A
3 B
4 C
5 D

Question # 8

A bridge will be a

Private good A
Capital goods B
Consumer good C
Personal good D

Question # 9

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

Negatively slop curve A
An indifference curve B
Positively sloped Curve C
None of the above D

Question # 10

3x²=0 is an equation

linear A
quadratic B
general C
first degree D

Question # 11

Who introduced indifference curves to explain consumer's beghavior

J.R Hicks A
Marshall B
Robbins C
Adam Smith D

Question # 12

The utility of an additional unit of a product is

Law of demand A
Law of substitution B
Law of supply C
Law of diminishing marginal utility D

Question # 13

Total utility is maximised when.

Marginal utility is zero A
Marginal utility falls B
Marginal utility rises C
Non of the above D

Question # 14

How many Kinds of variables?

There are many kinds of variables A
There are 2 kinds of variables B
There are 3 kinds of variables C
There are 4 kinds of variables D

Question # 15

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

(u,v,w,x,y,z) A
(a,b.c.d.e.f.g) B
(a.b.c.u.v.w) C
((x,y,z,a,b,c) D

Question # 16

When marginal utility of a product is zero its total utility will be.

Increase A
Decreasing B
Maximum C
Constant D

Question # 17

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

First unit of consummption A
Each additional unit of consumption B
Last unit of consumption C
None of the them D

Question # 18

To measure changes in purchasing power of money, we use

percentages A
index numbers B
averages C
variables D

Question # 19

Initial utility of a product is :

Highest A
Lowest B
Conatant C
None of them D

Question # 20

______ is a science which is concerned with the collection, presentation, and interpretation of numerical data

Statistics A
Economics analysis B
Function C
None of these D

Sr.#	Question	Answer
1	Law of diminishing marginal utility provides basis for:	A. Law of demand B. Law of supply C. Laws of returns D. Law of variable proportions
2	This is a tool in economic studies	A. market B. price C. firm D. functional relation
3	How many kinds of data?	A. 2 B. 3 C. 4 D. 5
4	Initial utility of a product is :	A. Highest B. Lowest C. Conatant D. None of them
5	Marginal utility of a product is the utility obtained by consuming.	A. First unit of consummption B. Each additional unit of consumption C. Last unit of consumption D. None of the them
6	A statement of how one variable affects other variable is	A. a quadrant B. a variable C. an assumption D. a functional relationship
7	Total utility is maximised when.	A. Marginal utility is zero B. Marginal utility falls C. Marginal utility rises D. Non of the above
8	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
9	A ______ is something which is measurable and can take on different values	A. Variable B. Constant C. Both a and b D. None of these
10	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)

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Economics Ics Part 1 English Medium Chapter 3 Online Test

A ______ is something which is measurable and can take on different values

How many kinds of data?

Law of equi marginal utility provides basis for.

This is a tool in economic studies

The first law of consumption was presented by.

A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of

How many kinds of Function

A bridge will be a

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

3x2=0 is an equation

Who introduced indifference curves to explain consumer's beghavior

The utility of an additional unit of a product is

Total utility is maximised when.

How many Kinds of variables?

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

When marginal utility of a product is zero its total utility will be.

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

To measure changes in purchasing power of money, we use

Initial utility of a product is :

______ is a science which is concerned with the collection, presentation, and interpretation of numerical data

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3x²=0 is an equation