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"

Try The MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 3 Online Test

00:00
Question # 1

A bridge will be a

Question # 2

Law of equi marginal utility provides basis for.

Question # 3

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 # 4

Total utility is maximised when.

Question # 5

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

Question # 6

How many kinds of Function

Question # 7

Initial utility of a product is :

Question # 8

To measure changes in purchasing power of money, we use

Question # 9

Law of diminishing marginal utility provides basis for:

Question # 10

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

Question # 11

How many kinds of data?

Question # 12

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

Question # 13

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

Question # 14

Which is the general form of quadratic equation

Question # 15

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

Question # 16

Constant are represented by symbol

Question # 17

3x2=0 is an equation

Question # 18

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

Question # 19

How many kinds of equations?

Question # 20

The maintain social status in life, a person requires.

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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 if X and Y scales are the same a line making 45-degree angle with X-axis has slope
A. 1/4
B. 1/2
C. 1
D. constant
2 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
3 ______ 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
4 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
5 Total utility is maximised when.
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above
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 How many kinds of data?
A. 2
B. 3
C. 4
D. 5
8 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
9 The first law of consumption was presented by.
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
10 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree

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