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

A bridge will be a

Question # 2

Law of diminishing marginal utility provides basis for:

Question # 3

Initial utility of a product is :

Question # 4

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

Question # 5

Who introduced indifference curves to explain consumer's beghavior

Question # 6

How many Kinds of variables?

Question # 7

How many kinds of Function

Question # 8

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

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

Total utility is maximised when.

Question # 11

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

Question # 12

How many kinds of equations?

Question # 13

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

Question # 14

A statement of how one variable affects other variable is

Question # 15

Which is the general form of quadratic equation

Question # 16

The maintain social status in life, a person requires.

Question # 17

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

Question # 18

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

Question # 19

To show data in tables, we must first

Question # 20

The utility of an additional unit of a product 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 How many kinds of Function
A. 2
B. 3
C. 4
D. 5
2 3x2=0 is an equation
A. linear
B. quadratic
C. general
D. first degree
3 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
4 How many kinds of equations?
A. 4
B. 3
C. 2
D. 5
5 Constant are represented by symbol
A. C
B. V
C. P
D. U
6 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
7 Variable are represented by symbol
A. V
B. U
C. P
D. C
8 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)
9 Law of equimarginal utility is also called.
A. Law of substitution
B. Law of maximum social benefits
C. Law of economy
D. Law of maximum satisfaction
10 ______ 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

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