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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
Constant are represented by symbol
Question # 2
One of the following is not an exception to the law of diminishing marginal utility .
Question # 3
The maintain social status in life, a person requires.
Question # 4
The relationship between two variables that move in the same direction is called
Question # 5
Variable are represented by symbol
Question # 6
Marginal utility of a product is the utility obtained by consuming.
Question # 7
This is a tool in economic studies
Question # 8
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 9
Law of equi marginal utility provides basis for.
Question # 10
When the classify data on the basis of income there will be
Question # 11
If we plot the equation y = 20 +3x, its slope is
Question # 12
Law of diminishing marginal utility provides basis for:
Question # 13
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data
Question # 14
Total utility is maximised when.
Question # 15
How many Kinds of variables?
Question # 16
To show data in tables, we must first
Question # 17
Initial utility of a product is :
Question # 18
When marginal utility of a product is zero its total utility will be.
Question # 19
The utility of an additional unit of a product is
Question # 20
To measure changes in purchasing power of money, we use
ICS Part 1 Economics Chapter 3 MCQs Test
Top Scorers Of Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test" MCQ`s Test
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H hafsa Mumtaz 10 - May - 2024 00 Min 04 Sec 20/20 -
R Reta Rossie 29 - Apr - 2024 00 Min 04 Sec 20/20 -
Z Zafar Ali 22 - May - 2024 00 Min 16 Sec 20/20 -
L Laiba Muqaddas 25 - Jul - 2024 00 Min 20 Sec 20/20 -
A Anum Fatima 19 - Jun - 2023 00 Min 51 Sec 20/20 -
G Goldenwords Goldenwords 09 - Jul - 2023 01 Min 47 Sec 20/20 -
M Minahil Kashif 06 - May - 2026 02 Min 03 Sec 18/20 -
T Tazmeen Afaq 21 - Jul - 2023 02 Min 08 Sec 18/20 -
P Priya Yash 04 - May - 2024 02 Min 38 Sec 18/20 -
F Fatima Romel 20 - Mar - 2023 02 Min 41 Sec 17/20 -
B Bano Begum 09 - May - 2024 04 Min 51 Sec 17/20 -
A Abdullah Ahmed 09 - Mar - 2023 00 Min 08 Sec 16/20 -
Z Zaina Ch 10 - May - 2024 01 Min 43 Sec 15/20 -
M M.Attiq-U-Rehman 24 - Nov - 2023 02 Min 34 Sec 15/20 -
M Maryam Akram 21 - Apr - 2024 02 Min 45 Sec 15/20
ICS Part 1 Economics Chapter 3 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | 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
|
| 2 | A statement of how one variable affects other variable is |
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
|
| 3 | The utility of an additional unit of a product is |
A. Law of demand
B. Law of substitution
C. Law of supply
D. Law of diminishing marginal utility
|
| 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 | 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)
|
| 6 | How many kinds of data? |
A. 2
B. 3
C. 4
D. 5
|
| 7 | To show data in tables, we must first |
A. reduce data
B. expand data
C. classify data
D. all of the above
|
| 8 | To measure changes in purchasing power of money, we use |
A. percentages
B. index numbers
C. averages
D. variables
|
| 9 | This is a tool in economic studies |
A. market
B. price
C. firm
D. functional relation
|
| 10 |
When marginal utility of a product is zero its total utility will be.
|
A. Increase
B. Decreasing
C. Maximum
D. Constant
|
Test Questions
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