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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
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"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
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 # 2
The utility of an additional unit of a product is
Question # 3
When the classify data on the basis of income there will be
Question # 4
Marginal utility of a product is the utility obtained by consuming.
Question # 5
The maintain social status in life, a person requires.
Question # 6
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 7
In mathematics which letters at the end of alphabet are used to represent variables
Question # 8
How many kinds of data?
Question # 9
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
Question # 10
Constant are represented by symbol
Question # 11
To measure changes in purchasing power of money, we use
Question # 12
The first law of consumption was presented by.
Question # 13
To show data in tables, we must first
Question # 14
Total utility is maximised when.
Question # 15
A ______ is something which is measurable and can take on different values
Question # 16
If we plot the equation y = 20 +3x, its slope is
Question # 17
One of the following is not an exception to the law of diminishing marginal utility .
Question # 18
Which is the general form of quadratic equation
Question # 19
How many Kinds of variables?
Question # 20
When marginal utility of a product is zero its total utility will be.
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
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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 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
|
| 3 | 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
|
| 4 | 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)
|
| 5 | How many kinds of Function |
A. 2
B. 3
C. 4
D. 5
|
| 6 | 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
|
| 7 | A statement of how one variable affects other variable is |
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
|
| 8 | ______ 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
|
| 9 | 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
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| 10 | 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
|
Test Questions
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