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

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Question # 1

The talent of a professor is .

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

To show data in tables, we must first

Question # 6

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

Question # 7

Constant are represented by symbol

Question # 8

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

Question # 9

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

Question # 10

The maintain social status in life, a person requires.

Question # 11

How many kinds of equations?

Question # 12

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

Question # 13

Which is the general form of quadratic equation

Question # 14

A statement of how one variable affects other variable is

Question # 15

Variable are represented by symbol

Question # 16

3x2=0 is an equation

Question # 17

How many kinds of Function

Question # 18

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

Question # 19

Law of diminishing marginal utility provides basis for:

Question # 20

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

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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 Who introduced indifference curves to explain consumer's beghavior
A. J.R Hicks
B. Marshall
C. Robbins
D. Adam Smith
2 Marginal utility of a product is the utility obtained by consuming.
A. First unit of consummption
B. Each additional unit of consumption
C. Last unit of consumption
D. None of the them
3 How many kinds of Function
A. 2
B. 3
C. 4
D. 5
4 If we plot the equation y = 20 +3x, its slope is
A. 20
B. 3
C. 20/3
D. Indeterminate
5 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
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 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
8 To show data in tables, we must first
A. reduce data
B. expand data
C. classify data
D. all of the above
9 To measure changes in purchasing power of money, we use
A. percentages
B. index numbers
C. averages
D. variables
10 How many kinds of data?
A. 2
B. 3
C. 4
D. 5

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