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

Question # 1

This is a tool in economic studies

market A
price B
firm C
functional relation D

Question # 2

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 # 3

Variable are represented by symbol

V A
U B
P C
C D

Question # 4

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

class intervals A
class numbers B
groups C
sections D

Question # 5

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

20 A
3 B
20/3 C
Indeterminate D

Question # 6

A bridge will be a

Private good A
Capital goods B
Consumer good C
Personal good D

Question # 7

Initial utility of a product is :

Highest A
Lowest B
Conatant C
None of them D

Question # 8

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 # 9

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 # 10

How many kinds of Function

2 A
3 B
4 C
5 D

Question # 11

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 # 12

The maintain social status in life, a person requires.

Bare necessities of life A
Comforts of life B
Luxuries of life C
All of them D

Question # 13

The first law of consumption was presented by.

Robert Malthus A
Loinel Robbins B
Alfred Marshall C
Pareto D

Question # 14

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

Increase A
Decreasing B
Maximum C
Constant D

Question # 15

______ 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 # 16

The talent of a professor is .

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

Question # 17

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

neutral A
positive B
independent C
dependent D

Question # 18

Total utility is maximised when.

Marginal utility is zero A
Marginal utility falls B
Marginal utility rises C
Non of the above D

Question # 19

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

Prof. Kooros A
Prof. Marshall B
Prof. Rabbins C
Prof. Kneez D

Question # 20

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

Sr.#	Question	Answer
1	If we plot the equation y = 20 +3x, its slope is	A. 20 B. 3 C. 20/3 D. Indeterminate
2	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
3	Constant are represented by symbol	A. C B. V C. P D. U
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	A. Prof. Kooros B. Prof. Marshall C. Prof. Rabbins D. Prof. Kneez
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	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
7	Initial utility of a product is :	A. Highest B. Lowest C. Conatant D. None of them
8	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
9	3x²=0 is an equation	A. linear B. quadratic C. general D. first degree
10	A bridge will be a	A. Private good B. Capital goods C. Consumer good D. Personal good

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This is a tool in economic studies

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

Variable are represented by symbol

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

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

A bridge will be a

Initial utility of a product is :

Law of equimarginal utility is also called.

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

How many kinds of Function

Which is the general form of quadratic equation

The maintain social status in life, a person requires.

The first law of consumption was presented by.

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

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

The talent of a professor is .

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

Total utility is maximised when.

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

How many Kinds of variables?

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