11th class Economics chapter 3 online mcq test with answers for ICS part 1 Economics chapter 3 (Some Mathematical and Statistical Concepts)

Question # 1

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

20 A
3 B
20/3 C
Indeterminate D

Question # 2

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

Statistics A
Economics analysis B
Function C
None of these D

Question # 3

The talent of a professor is .

National wealth A
International wealth B
Personal wealth C
Non of them D

Question # 4

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

He spends all his income on the product only A
He spends more on one and less on the other B
Marginal utility of the two goods are equalised C
Not only the marginals utility of the two goods are equalised, but also the marginal utility of each good is equal to its price. D

Question # 5

Law of equimarginal utility is also called.

Law of substitution A
Law of maximum social benefits B
Law of economy C
Law of maximum satisfaction D

Question # 6

A statement of how one variable affects other variable is

a quadrant A
a variable B
an assumption C
a functional relationship D

Question # 7

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

1/4 A
1/2 B
1 C
constant D

Question # 8

Law of equi marginal utility provides basis for.

Equal distribution of wealth A
Economy in taxation B
Law of diminishing returns C
Law of constant returns D

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.

Negatively slop curve A
An indifference curve B
Positively sloped Curve C
None of the above D

Question # 10

How many kinds of Function

2 A
3 B
4 C
5 D

Question # 11

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

Variable A
Constant B
Both a and b C
None of these D

Question # 12

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

(u,v,w,x,y,z) A
(a,b.c.d.e.f.g) B
(a.b.c.u.v.w) C
((x,y,z,a,b,c) D

Question # 13

The first law of consumption was presented by.

Robert Malthus A
Loinel Robbins B
Alfred Marshall C
Pareto D

Question # 14

Law of diminishing marginal utility provides basis for:

Law of demand A
Law of supply B
Laws of returns C
Law of variable proportions D

Question # 15

Which is the general form of quadratic equation

x²-x-20 = 0 A
ax²+bx +c = 0 B
x²- x -c =0 C
None of these D

Question # 16

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

Nature of the product should not changed A
Mental condition of the consumer B
Income of the consumer should not changed C
None of the three D

Question # 17

To show data in tables, we must first

reduce data A
expand data B
classify data C
all of the above D

Question # 18

How many kinds of equations?

4 A
3 B
2 C
5 D

Question # 19

How many Kinds of variables?

There are many kinds of variables A
There are 2 kinds of variables B
There are 3 kinds of variables C
There are 4 kinds of variables D

Question # 20

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

neutral A
positive B
independent C
dependent D

Sr.#	Question	Answer
1	A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.	A. Negatively slop curve B. An indifference curve C. Positively sloped Curve D. None of the above
2	The first law of consumption was presented by.	A. Robert Malthus B. Loinel Robbins C. Alfred Marshall D. Pareto
3	The talent of a professor is .	A. National wealth B. International wealth C. Personal wealth D. Non of them
4	When marginal utility of a product is zero its total utility will be.	A. Increase B. Decreasing C. Maximum D. Constant
5	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
6	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
7	If we plot the equation y = 20 +3x, its slope is	A. 20 B. 3 C. 20/3 D. Indeterminate
8	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)
9	How many kinds of equations?	A. 4 B. 3 C. 2 D. 5
10	Initial utility of a product is :	A. Highest B. Lowest C. Conatant D. None of them

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Economics Ics Part 1 English Medium Chapter 3 Online Test

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

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

The talent of a professor is .

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

Law of equimarginal utility is also called.

A statement of how one variable affects other variable is

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

Law of equi marginal utility provides basis for.

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

How many kinds of Function

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

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

The first law of consumption was presented by.

Law of diminishing marginal utility provides basis for:

Which is the general form of quadratic equation

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

To show data in tables, we must first

How many kinds of equations?

How many Kinds of variables?

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

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