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 The first law of consumption was presented by.
  • A. Robert Malthus
  • B. Loinel Robbins
  • C. Alfred Marshall
  • D. Pareto
2 Variable are represented by symbol
  • A. V
  • B. U
  • C. P
  • D. C
3 A bridge will be a
  • A. Private good
  • B. Capital goods
  • C. Consumer good
  • D. Personal good
4 The relationship between two variables that move in the same direction is called
  • A. neutral
  • B. positive
  • C. independent
  • D. dependent
5 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
6 3x<sup>2</sup>=0 is an equation
  • A. linear
  • B. quadratic
  • C. general
  • D. first degree
7 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
8 Initial utility of a product is :
  • A. Highest
  • B. Lowest
  • C. Conatant
  • D. None of them
9 Total utility is maximised when.
  • A. Marginal utility is zero
  • B. Marginal utility falls
  • C. Marginal utility rises
  • D. Non of the above
10 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

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
A

Abid Iqbal

Lahore10 - Jul - 2025

15/20
03 Mins 41 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
F

FATIKA QAZI

Lahore11 - Jun - 2025

11/20
06 Mins 27 Sec

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer