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

ICS Part 1 Economics Chapter 3 Test

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MCQ's Test For Chapter 3 "Economics Ics Part 1 English Medium Chapter 3 Online Test"

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  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 3 Online Test

00:00
Question # 1

When marginal utility of a product is zero its total utility will be.

Question # 2

Who introduced indifference curves to explain consumer's beghavior

Question # 3

Variable are represented by symbol

Question # 4

When the classify data on the basis of income there will be

Question # 5

How many kinds of data?

Question # 6

Law of equimarginal utility is also called.

Question # 7

______ is a science which is concerned with the collection, presentation, and interpretation of numerical data

Question # 8

How many kinds of Function

Question # 9

Total utility is maximised when.

Question # 10

Marginal utility of a product is the utility obtained by consuming.

Question # 11

This is a tool in economic studies

Question # 12

How many kinds of equations?

Question # 13

According to law of diminishing marginal utilities , a consumer maximises his total utility where.

Question # 14

According to law of equi-marginal utility a consumer will maximises his total utility when

Question # 15

if X and Y scales are the same a line making 45-degree angle with X-axis has slope

Question # 16

Law of diminishing marginal utility provides basis for:

Question # 17

Law of equi marginal utility provides basis for.

Question # 18

The utility of an additional unit of a product is

Question # 19

Which is the general form of quadratic equation

Question # 20

A statement of how one variable affects other variable is

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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 The relationship between two variables that move in the same direction is called
A. neutral
B. positive
C. independent
D. dependent
2 According to law of diminishing marginal utilities , a consumer maximises his total utility where.
A. MUa = MPa
B. MUa = AUa
C. MUa = TCa
D. MUa = Pa
3 How many kinds of equations?
A. 4
B. 3
C. 2
D. 5
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 The talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
6 This is a tool in economic studies
A. market
B. price
C. firm
D. functional relation
7 A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
A. Negatively slop curve
B. An indifference curve
C. Positively sloped Curve
D. None of the above
8 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree
9 A statement of how one variable affects other variable is
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
10 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

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