Home
News
Colleges
Courses
Admission
Lectures
Online Test
Past Papers
Date Sheets
Results
Study Abroad
Jobs
Tutors
More
Apps
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"
-
Total Questions20
-
Time Allowed30
Economics Ics Part 1 English Medium Chapter 3 Online Test
00:00
Question # 1
The talent of a professor is .
Question # 2
Total utility is maximised when.
Question # 3
A statement of how one variable affects other variable is
Question # 4
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data
Question # 5
How many Kinds of variables?
Question # 6
Who introduced indifference curves to explain consumer's beghavior
Question # 7
When the classify data on the basis of income there will be
Question # 8
In mathematics which letters at the end of alphabet are used to represent variables
Question # 9
if X and Y scales are the same a line making 45-degree angle with X-axis has slope
Question # 10
Initial utility of a product is :
Question # 11
A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of
Question # 12
According to law of diminishing marginal utilities , a consumer maximises his total utility where.
Question # 13
Law of equimarginal utility is also called.
Question # 14
How many kinds of data?
Question # 15
The first law of consumption was presented by.
Question # 16
How many kinds of equations?
Question # 17
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
Question # 18
The maintain social status in life, a person requires.
Question # 19
When marginal utility of a product is zero its total utility will be.
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
-
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 | Law of diminishing marginal utility provides basis for: |
A. Law of demand
B. Law of supply
C. Laws of returns
D. Law of variable proportions
|
| 2 | 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
|
| 3 | The relationship between two variables that move in the same direction is called |
A. neutral
B. positive
C. independent
D. dependent
|
| 4 | One of the following will not be an assumption of the law of diminishing marginal utility. |
A. Nature of the product should not changed
B. Mental condition of the consumer
C. Income of the consumer should not changed
D. None of the three
|
| 5 | Initial utility of a product is : |
A. Highest
B. Lowest
C. Conatant
D. None of them
|
| 6 | Total utility is maximised when. |
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above
|
| 7 |
When marginal utility of a product is zero its total utility will be.
|
A. Increase
B. Decreasing
C. Maximum
D. Constant
|
| 8 | 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
|
| 9 | 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
|
| 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
|
Test Questions
Share your comments & questions here
No comments yet. Be the first to comment!