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

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

Question # 2

How many kinds of Function

Question # 3

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

Question # 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

Question # 5

A statement of how one variable affects other variable is

Question # 6

If we plot the equation y = 20 +3x, its slope is

Question # 7

The relationship between two variables that move in the same direction is called

Question # 8

Marginal utility of a product is the utility obtained by consuming.

Question # 9

3x2=0 is an equation

Question # 10

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

Question # 11

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

Question # 12

To show data in tables, we must first

Question # 13

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

Question # 14

How many kinds of data?

Question # 15

The maintain social status in life, a person requires.

Question # 16

A bridge will be a

Question # 17

Who introduced indifference curves to explain consumer's beghavior

Question # 18

Which is the general form of quadratic equation

Question # 19

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

Question # 20

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

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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 When the classify data on the basis of income there will be
A. class intervals
B. class numbers
C. groups
D. sections
2 Total utility is maximised when.
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above
3 The talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
4 The maintain social status in life, a person requires.
A. Bare necessities of life
B. Comforts of life
C. Luxuries of life
D. All of them
5 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree
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 ______ 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
8 The first law of consumption was presented by.
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
9 The relationship between two variables that move in the same direction is called
A. neutral
B. positive
C. independent
D. dependent
10 How many kinds of data?
A. 2
B. 3
C. 4
D. 5

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