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

How many kinds of data?

Question # 2

To measure changes in purchasing power of money, we use

Question # 3

3x2=0 is an equation

Question # 4

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

Question # 5

Constant are represented by symbol

Question # 6

A bridge will be a

Question # 7

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

Question # 8

How many kinds of equations?

Question # 9

A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.

Question # 10

Initial utility of a product is :

Question # 11

If we plot the equation y = 20 +3x, its slope is

Question # 12

The first law of consumption was presented by.

Question # 13

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

Question # 14

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

Question # 15

The utility of an additional unit of a product is

Question # 16

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

Question # 17

Total utility is maximised when.

Question # 18

The talent of a professor is .

Question # 19

This is a tool in economic studies

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 Which is the general form of quadratic equation
A. x2-x-20 = 0
B. ax2+bx +c = 0
C. x2- x -c =0
D. None of these
2 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
3 To show data in tables, we must first
A. reduce data
B. expand data
C. classify data
D. all of the above
4 Constant are represented by symbol
A. C
B. V
C. P
D. U
5 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
6 ______ 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
7 Variable are represented by symbol
A. V
B. U
C. P
D. C
8 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
9 Who introduced indifference curves to explain consumer's beghavior
A. J.R Hicks
B. Marshall
C. Robbins
D. Adam Smith
10 Total utility is maximised when.
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above

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