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## 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)

1 How many kinds of Function
• A. 2
• B. 3
• C. 4
• D. 5
2 Variable are represented by symbol
• A. V
• B. U
• C. P
• D. C
3 Law of equimarginal utility is also called.
• A. Law of substitution
• B. Law of maximum social benefits
• C. Law of economy
• D. Law of maximum satisfaction
4 Initial utility of a product is :
• A. Highest
• B. Lowest
• C. Conatant
• D. None of them
5 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)
6 Constant are represented by symbol
• A. C
• B. V
• C. P
• D. U
7 A statement of how one variable affects other variable is
• B. a variable
• C. an assumption
• D. a functional relationship
8 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
9 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
10 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

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

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#### Lishy Lishy

Lahore30 - Nov - 2022

13/20
03 Mins 29 Sec

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