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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
MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"
Try The MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
Initial utility of a product is :
Question # 2
Total utility is maximised when.
Question # 3
A ______ is something which is measurable and can take on different values
Question # 4
When the classify data on the basis of income there will be
Question # 5
How many Kinds of variables?
Question # 6
According to law of equi-marginal utility a consumer will maximises his total utility when
Question # 7
The talent of a professor is .
Question # 8
How many kinds of Function
Question # 9
Who introduced indifference curves to explain consumer's beghavior
Question # 10
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data
Question # 11
The utility of an additional unit of a product is
Question # 12
When marginal utility of a product is zero its total utility will be.
Question # 13
Constant are represented by symbol
Question # 14
How many kinds of equations?
Question # 15
Variable are represented by symbol
Question # 16
To measure changes in purchasing power of money, we use
Question # 17
The first law of consumption was presented by.
Question # 18
This is a tool in economic studies
Question # 19
How many kinds of data?
Question # 20
The relationship between two variables that move in the same direction is called
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 | 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
|
| 2 | How many kinds of Function |
A. 2
B. 3
C. 4
D. 5
|
| 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 | One of the following is not an exception to the law of diminishing marginal utility . |
A. Money
B. Knowledge
C. Music
D. Non of them
|
| 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 | The relationship between two variables that move in the same direction is called |
A. neutral
B. positive
C. independent
D. dependent
|
| 7 | The first law of consumption was presented by. |
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
|
| 8 | ______ 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
|
| 9 | 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
|
| 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
|
Test Questions