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

To show data in tables, we must first

Question # 2

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

Question # 3

Constant are represented by symbol

Question # 4

The maintain social status in life, a person requires.

Question # 5

According to law of equi-marginal utility a consumer will maximises his total utility when

Question # 6

Variable are represented by symbol

Question # 7

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

Question # 8

How many kinds of data?

Question # 9

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

Question # 10

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

Question # 11

The utility of an additional unit of a product is

Question # 12

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

Question # 13

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

Question # 14

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

Question # 15

A bridge will be a

Question # 16

3x2=0 is an equation

Question # 17

Initial utility of a product is :

Question # 18

Law of equi marginal utility provides basis for.

Question # 19

How many Kinds of variables?

Question # 20

The talent of a professor is .

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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 To show data in tables, we must first
A. reduce data
B. expand data
C. classify data
D. all of the above
2 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
3 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
4 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
5 Variable are represented by symbol
A. V
B. U
C. P
D. C
6 If we plot the equation y = 20 +3x, its slope is
A. 20
B. 3
C. 20/3
D. Indeterminate
7 How many kinds of data?
A. 2
B. 3
C. 4
D. 5
8 ______ 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
9 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
10 When the classify data on the basis of income there will be
A. class intervals
B. class numbers
C. groups
D. sections

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