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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 How many kinds of data?
  • A. 2
  • B. 3
  • C. 4
  • D. 5
2 <div>When marginal utility of a product is zero its total utility will be.</div>
  • A. Increase
  • B. Decreasing
  • C. Maximum
  • D. Constant
3 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)
4 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
5 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
6 Which is the general form of quadratic equation
  • A. x<sup>2</sup>-x-20 = 0
  • B. ax<sup>2</sup>+bx +c = 0
  • C. x<sup>2</sup>- x -c =0
  • D. None of these
7 How many kinds of Function
  • A. 2
  • B. 3
  • C. 4
  • D. 5
8 How many kinds of equations?
  • A. 4
  • B. 3
  • C. 2
  • D. 5
9 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
10 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

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

M

Moheen Ul Haq

Lahore03 - Aug - 2022

17/20
04 Mins 38 Sec
H

Hamza Abid

Abbottabad16 - May - 2022

13/20
10 Mins 50 Sec
T

Threem

Lahore02 - Aug - 2022

12/20
04 Mins 46 Sec
H

Hanif Wazir

Lahore30 - May - 2022

12/20
07 Mins 25 Sec

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