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

To show data in tables, we must first

Question # 2

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

Question # 3

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

Question # 4

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

Question # 5

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

Question # 6

The first law of consumption was presented by.

Question # 7

Initial utility of a product is :

Question # 8

How many kinds of equations?

Question # 9

The maintain social status in life, a person requires.

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

One of the following is not an exception to the law of diminishing marginal utility .

Question # 14

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

Question # 15

The talent of a professor is .

Question # 16

Law of diminishing marginal utility provides basis for:

Question # 17

In mathematics which letters at the end of alphabet are used to represent variables

Question # 18

3x2=0 is an equation

Question # 19

Constant are represented by symbol

Question # 20

To measure changes in purchasing power of money, we use

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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 If we plot the equation y = 20 +3x, its slope is
A. 20
B. 3
C. 20/3
D. Indeterminate
2 A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of
A. Prof. Kooros
B. Prof. Marshall
C. Prof. Rabbins
D. Prof. Kneez
3 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree
4 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
5 A bridge will be a
A. Private good
B. Capital goods
C. Consumer good
D. Personal good
6 The first law of consumption was presented by.
A. Robert Malthus
B. Loinel Robbins
C. Alfred Marshall
D. Pareto
7 How many kinds of Function
A. 2
B. 3
C. 4
D. 5
8 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
9 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
10 How many kinds of data?
A. 2
B. 3
C. 4
D. 5

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