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"

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

How many kinds of data?

Question # 2

A statement of how one variable affects other variable is

Question # 3

A ______ is something which is measurable and can take on different values

Question # 4

Initial utility of a product is :

Question # 5

How many Kinds of variables?

Question # 6

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

Question # 7

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

Question # 8

Law of diminishing marginal utility provides basis for:

Question # 9

3x2=0 is an equation

Question # 10

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

Question # 11

Law of equi marginal utility provides basis for.

Question # 12

This is a tool in economic studies

Question # 13

The first law of consumption was presented by.

Question # 14

One of the following will not be an assumption of the law of diminishing marginal utility.

Question # 15

How many kinds of equations?

Question # 16

Law of equimarginal utility is also called.

Question # 17

A bridge will be a

Question # 18

Which is the general form of quadratic equation

Question # 19

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

Question # 20

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

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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 talent of a professor is .
A. National wealth
B. International wealth
C. Personal wealth
D. Non of them
2 How many kinds of data?
A. 2
B. 3
C. 4
D. 5
3 When the classify data on the basis of income there will be
A. class intervals
B. class numbers
C. groups
D. sections
4 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
5 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
6 Initial utility of a product is :
A. Highest
B. Lowest
C. Conatant
D. None of them
7 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
8 if X and Y scales are the same a line making 45-degree angle with X-axis has slope
A. 1/4
B. 1/2
C. 1
D. constant
9 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
10 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

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