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

ICS Part 1 Economics Chapter 3 Test

Start Chapter 3 Test

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

Sr. # Questions Answers Choice
1 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
2 Who introduced indifference curves to explain consumer's beghavior
  • A. J.R Hicks
  • B. Marshall
  • C. Robbins
  • D. Adam Smith
3 To measure changes in purchasing power of money, we use
  • A. percentages
  • B. index numbers
  • C. averages
  • D. variables
4 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
5 The talent of a professor is .
  • A. National wealth
  • B. International wealth
  • C. Personal wealth
  • D. Non of them
6 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
7 According to law of diminishing marginal utilities , a consumer maximises his total utility where.
  • A. MU<sub>a</sub> = MP<sub>a</sub>
  • B. MU<sub>a</sub> = AU<sub>a</sub>
  • C. MU<sub>a</sub> = TC<sub>a</sub>
  • D. MU<sub>a</sub> = P<sub>a</sub>
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 When the classify data on the basis of income there will be
  • A. class intervals
  • B. class numbers
  • C. groups
  • D. sections
10 The relationship between two variables that move in the same direction is called
  • A. neutral
  • B. positive
  • C. independent
  • D. dependent

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

F

FAIZA RASHID

Lahore21 - May - 2025

19/20
02 Mins 47 Sec
M

Mutee Samad

Lahore21 - May - 2025

18/20
04 Mins 39 Sec
M

Muhammad Hassan

Lahore06 - May - 2025

16/20
01 Mins 59 Sec
F

FAIZA RASHID

Lahore21 - May - 2025

16/20
02 Mins 55 Sec
X

Xiao Jea

Lahore27 - May - 2025

14/20
07 Mins 23 Sec
Z

Zeemal Aftab

Lahore22 - May - 2025

12/20
01 Mins 54 Sec
H

Hania “Hani” Meerab

Lahore20 - May - 2025

12/20
03 Mins 12 Sec
T

Talha Haleem

Lahore20 - May - 2025

11/20
02 Mins 46 Sec
M

M. Saleh

Lahore06 - Apr - 2025

11/20
06 Mins 04 Sec
F

FATIKA QAZI

Lahore11 - Jun - 2025

11/20
06 Mins 27 Sec

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