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

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

Law of equi marginal utility provides basis for.

Question # 2

The maintain social status in life, a person requires.

Question # 3

This is a tool in economic studies

Question # 4

A bridge will be a

Question # 5

One of the following will not be an assumption of the law of diminishing marginal utility.

Question # 6

3x2=0 is an equation

Question # 7

Constant are represented by symbol

Question # 8

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

Question # 9

The utility of an additional unit of a product is

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

Law of diminishing marginal utility provides basis for:

Question # 15

Which is the general form of quadratic equation

Question # 16

Initial utility of a product is :

Question # 17

Variable are represented by symbol

Question # 18

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

Question # 19

The talent of a professor is .

Question # 20

A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of

Prepare Complete Set Wise Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test" MCQs Online With Answers


Topic Test

00:00
3rd Chapter

ICS Part 1 Economics Chapter 3 MCQs Test

Top Scorers Of Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test" MCQ`s Test

  • H
    hafsa Mumtaz 10 - May - 2024 00 Min 04 Sec 20/20
  • R
    Reta Rossie 29 - Apr - 2024 00 Min 04 Sec 20/20
  • Z
    Zafar Ali 22 - May - 2024 00 Min 16 Sec 20/20
  • L
    Laiba Muqaddas 25 - Jul - 2024 00 Min 20 Sec 20/20
  • A
    Anum Fatima 19 - Jun - 2023 00 Min 51 Sec 20/20
  • G
    Goldenwords Goldenwords 09 - Jul - 2023 01 Min 47 Sec 20/20
  • T
    Tazmeen Afaq 21 - Jul - 2023 02 Min 08 Sec 18/20
  • P
    Priya Yash 04 - May - 2024 02 Min 38 Sec 18/20
  • F
    Fatima Romel 20 - Mar - 2023 02 Min 41 Sec 17/20
  • B
    Bano Begum 09 - May - 2024 04 Min 51 Sec 17/20
  • A
    Abdullah Ahmed 09 - Mar - 2023 00 Min 08 Sec 16/20
  • Z
    Zaina Ch 10 - May - 2024 01 Min 43 Sec 15/20
  • M
    M.Attiq-U-Rehman 24 - Nov - 2023 02 Min 34 Sec 15/20
  • M
    Maryam Akram 21 - Apr - 2024 02 Min 45 Sec 15/20
  • E
    Eman 19 - Jul - 2024 02 Min 56 Sec 15/20

ICS Part 1 Economics Chapter 3 Important MCQ's

Sr.# Question Answer
1 This is a tool in economic studies
A. market
B. price
C. firm
D. functional relation
2 The relationship between two variables that move in the same direction is called
A. neutral
B. positive
C. independent
D. dependent
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 To show data in tables, we must first
A. reduce data
B. expand data
C. classify data
D. all of the above
5 ______ 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
6 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
7 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
8 If we plot the equation y = 20 +3x, its slope is
A. 20
B. 3
C. 20/3
D. Indeterminate
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 Initial utility of a product is :
A. Highest
B. Lowest
C. Conatant
D. None of them

Test Questions

Is this page helpful?