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

Initial utility of a product is :

Question # 2

Total utility is maximised when.

Question # 3

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

Question # 4

3x2=0 is an equation

Question # 5

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

Question # 6

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

Question # 7

This is a tool in economic studies

Question # 8

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 # 9

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

Question # 10

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

Question # 11

The talent of a professor is .

Question # 12

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

Question # 13

Which is the general form of quadratic equation

Question # 14

How many kinds of data?

Question # 15

Law of equimarginal utility is also called.

Question # 16

A statement of how one variable affects other variable is

Question # 17

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

Question # 18

To measure changes in purchasing power of money, we use

Question # 19

The maintain social status in life, a person requires.

Question # 20

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

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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 The talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
2 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
3 How many kinds of data?
A. 2
B. 3
C. 4
D. 5
4 Which is the general form of quadratic equation
A. x2-x-20 = 0
B. ax2+bx +c = 0
C. x2- x -c =0
D. None of these
5 How many kinds of equations?
A. 4
B. 3
C. 2
D. 5
6 Constant are represented by symbol
A. C
B. V
C. P
D. U
7 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
8 When the classify data on the basis of income there will be
A. class intervals
B. class numbers
C. groups
D. sections
9 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
10 How many Kinds of variables?
A. There are many kinds of variables
B. There are 2 kinds of variables
C. There are 3 kinds of variables
D. There are 4 kinds of variables

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