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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
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Question # 1
A statement of how one variable affects other variable is
Question # 2
The talent of a professor is .
Question # 3
Variable are represented by symbol
Question # 4
Law of diminishing marginal utility provides basis for:
Question # 5
In mathematics which letters at the end of alphabet are used to represent variables
Question # 6
A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.
Question # 7
______ is a science which is concerned with the collection, presentation, and interpretation of numerical data
Question # 8
One of the following will not be an assumption of the law of diminishing marginal utility.
Question # 9
Which is the general form of quadratic equation
Question # 10
3x2=0 is an equation
Question # 11
Initial utility of a product is :
Question # 12
According to law of equi-marginal utility a consumer will maximises his total utility when
Question # 13
Constant are represented by symbol
Question # 14
To show data in tables, we must first
Question # 15
To measure changes in purchasing power of money, we use
Question # 16
Law of equimarginal utility is also called.
Question # 17
Total utility is maximised when.
Question # 18
How many kinds of equations?
Question # 19
The utility of an additional unit of a product is
Question # 20
The relationship between two variables that move in the same direction is called
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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| Sr. # | Question | Answer |
|---|---|---|
| 1 | According to law of equi-marginal utility a consumer will maximises his total utility when |
A. He spends all his income on the product only B. He spends more on one and less on the other C.Marginal utility of the two goods are equalised D. Not only the marginals utility of the two goods are equalised, but also the marginal utility of each good is equal to its price. |
| 2 | How many kinds of Function |
A. 2 B. 3 C.4 D. 5 |
| 3 | A bridge will be a |
A. Private good B. Capital goods C.Consumer good D. Personal good |
| 4 | How many Kinds of variables? |
A. There are many kinds of variables B. There are 2 kinds of variables C.There are 3 kinds of variables D. There are 4 kinds of variables |
| 5 | When the classify data on the basis of income there will be |
A. class intervals B. class numbers C.groups D. sections |
| 6 | Constant are represented by symbol |
A. C B. V C.P D. U |
| 7 | Who introduced indifference curves to explain consumer's beghavior |
A. J.R Hicks B. Marshall C.Robbins D. Adam Smith |
| 8 | A statement of how one variable affects other variable is |
A. a quadrant B. a variable C.an assumption D. a functional relationship |
| 9 | ______ 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 |
| 10 | 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 |
| 11 | 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 |
| 12 | 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 |
| 13 | 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 |
| 14 | 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 |
| 15 | The talent of a professor is . |
A. National wealth B. International wealth C.Personal wealth D. Non of them |
| 16 | Total utility is maximised when. |
A. Marginal utility is zero B. Marginal utility falls C.Marginal utility rises D. Non of the above |
| 17 | If we plot the equation y = 20 +3x, its slope is |
A. 20 B. 3 C.20/3 D. Indeterminate |
| 18 | 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