Economics Ics Part 1 English Medium Chapter 3 Online Test

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  • Available questions38
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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

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

Question # 2

Total utility is maximised when.

Question # 3

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

Question # 4

To measure changes in purchasing power of money, we use

Question # 5

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

Question # 6

Law of equi marginal utility provides basis for.

Question # 7

A bridge will be a

Question # 8

Law of diminishing marginal utility provides basis for:

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

Variable are represented by symbol

Question # 11

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

Question # 12

How many kinds of Function

Question # 13

This is a tool in economic studies

Question # 14

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

Question # 15

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 # 16

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

Question # 17

3x2=0 is an equation

Question # 18

To show data in tables, we must first

Question # 19

The first law of consumption was presented by.

Question # 20

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

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