Economics Ics Part 1 English Medium Chapter 3 Online Test

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Economics Ics Part 1 English Medium Chapter 3 Online Test

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 3 Online Test

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Question # 1

Initial utility of a product is :

Question # 2

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

Question # 3

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

Question # 4

To measure changes in purchasing power of money, we use

Question # 5

A variable is a symbol which, during a discussion, may assume different values or a set of admissible values. This is the definition of

Question # 6

How many kinds of Function

Question # 7

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

Question # 8

Law of equimarginal utility is also called.

Question # 9

Total utility is maximised when.

Question # 10

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

Question # 11

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

Question # 12

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

Question # 13

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

Question # 14

To show data in tables, we must first

Question # 15

Law of equi marginal utility provides basis for.

Question # 16

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

Question # 17

Which is the general form of quadratic equation

Question # 18

How many kinds of data?

Question # 19

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

Question # 20

Law of diminishing marginal utility provides basis for:

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