3rd Chapter

ICS Part 1 Economics Chapter 3 MCQs Test

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

First Year Economics Chapter 3 Online MCQ Test for 1st Year Economics Chapter 3 (Some Mathematical and Statistical Concepts)

Sr. # Questions Answers Choice
1 When the classify data on the basis of income there will be
  • A. class intervals
  • B. class numbers
  • C. groups
  • D. sections
2 How many kinds of equations?
  • A. 4
  • B. 3
  • C. 2
  • D. 5
3 A bridge will be a
  • A. Private good
  • B. Capital goods
  • C. Consumer good
  • D. Personal good
4 ______ 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
5 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
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 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
8 One of the following will not be an assumption of the law of diminishing marginal utility.
  • A. Nature of the product should not changed
  • B. Mental condition of the consumer
  • C. Income of the consumer should not changed
  • D. None of the three
9 The talent of a professor is .
  • A. National wealth
  • B. International wealth
  • C. Personal wealth
  • D. Non of them
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

Top Scorers of Economics Ics Part 1 English Medium Chapter 3 Online Test

L

Laiba Muqaddas

Lahore25 - Jul - 2024

19/20
05 Mins 29 Sec
L

Laiba Muqaddas

Lahore25 - Jul - 2024

18/20
03 Mins 13 Sec
E

Eman

Lahore19 - Jul - 2024

15/20
02 Mins 56 Sec
F

Faiqa Shahid

Lahore20 - Jul - 2024

14/20
03 Mins 21 Sec

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