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

This is a tool in economic studies

Question # 2

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

Question # 3

Which is the general form of quadratic equation

Question # 4

Law of equimarginal utility is also called.

Question # 5

Law of equi marginal utility provides basis for.

Question # 6

The utility of an additional unit of a product is

Question # 7

Who introduced indifference curves to explain consumer's beghavior

Question # 8

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

Question # 9

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

Question # 10

Total utility is maximised when.

Question # 11

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

Question # 12

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

Question # 13

The first law of consumption was presented by.

Question # 14

How many kinds of equations?

Question # 15

The maintain social status in life, a person requires.

Question # 16

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

Question # 17

Initial utility of a product is :

Question # 18

The relationship between two variables that move in the same direction is called

Question # 19

3x2=0 is an equation

Question # 20

A bridge will be a

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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 A statement of how one variable affects other variable is
A. a quadrant
B. a variable
C. an assumption
D. a functional relationship
2 Total utility is maximised when.
A. Marginal utility is zero
B. Marginal utility falls
C. Marginal utility rises
D. Non of the above
3 In mathematics which letters at the end of alphabet are used to represent variables
A. (u,v,w,x,y,z)
B. (a,b.c.d.e.f.g)
C. (a.b.c.u.v.w)
D. ((x,y,z,a,b,c)
4 When the classify data on the basis of income there will be
A. class intervals
B. class numbers
C. groups
D. sections
5 How many kinds of Function
A. 2
B. 3
C. 4
D. 5
6 A bridge will be a
A. Private good
B. Capital goods
C. Consumer good
D. Personal good
7 The talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
8 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
9 How many kinds of data?
A. 2
B. 3
C. 4
D. 5
10 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

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