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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 A statement of how one variable affects other variable is
  • A. a quadrant
  • B. a variable
  • C. an assumption
  • D. a functional relationship
2 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
3 How many kinds of equations?
  • A. 4
  • B. 3
  • C. 2
  • D. 5
4 To measure changes in purchasing power of money, we use
  • A. percentages
  • B. index numbers
  • C. averages
  • D. variables
5 The relationship between two variables that move in the same direction is called
  • A. neutral
  • B. positive
  • C. independent
  • D. dependent
6 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
7 Constant are represented by symbol
  • A. C
  • B. V
  • C. P
  • D. U
8 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
9 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
10 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

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

Z

Zeshan

Lahore03 - Dec - 2021

17/20
05 Mins 50 Sec
P

Prerna Sahu

Lahore13 - Dec - 2021

15/20
03 Mins 58 Sec
J

Jiya Rani

Lahore29 - Nov - 2021

14/20
03 Mins 45 Sec
S

Stuti Shukla

Lahore22 - Nov - 2021

12/20
02 Mins 43 Sec
N

Nandini

Lahore12 - Dec - 2021

11/20
04 Mins 11 Sec
L

Lalita Yadav

Lahore26 - Nov - 2021

10/20
01 Mins 41 Sec
S

Shivani Koli

Lahore27 - Nov - 2021

10/20
02 Mins 28 Sec
S

Seema RANI

Lahore28 - Nov - 2021

10/20
03 Mins 15 Sec

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