PPSC Economics Topic 13 MCQS Test Preparation

If you have completed your higher education in the economy subject and now are looking to start your professional career through PPSC then you are at the right place now. The team of Ilmkidunya offers you online MCQs tests of economics subject. Candidates can find Topic -wise tests and full book tests. For every single Topic  or category, separate sections are designed. Here on this page candidates can find the MCQS PPSC test for Topic  13.

MCQ's Test For PPSC Economics Topic 13 Mathematics in Economics

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PPSC Economics Topic 13 Mathematics in Economics

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Question # 1

The equilibrium price and quantity , given the inverse demand and supply functions.
po = 3q +30 and p s = 2q -5

Question # 2

If a Set C contain all the elements which are present in both the set A and B then set C is called.

Question # 3

The associative law of union is

Question # 4

An equation in which all variables are raised to the first power is known as.

Question # 5

Given the demand and supply cautions qo = -8p + 2000 and qs = 12 p - 200 respectively the equilibrium price.

Question # 6

In Vann diagram the universal set is represented by

Question # 7

Union of A and a null set is equal is.

Question # 8

If all the elements of a matrix of any order are zero, it is called.

Question # 9

The variable that stands alone on the left hand side of the equation such as y = 2x + 1 is known as.

Question # 10

A linear function of the form 6x2 - 2y + 8 = 0 is known as.

Question # 11

Given the demand function qo = -8p +2000 and tis inverse p = -1/8 qo + 250 ,p in the inverse function which is interpreted as the maximum price that buyers are willing to pay for the.

Question # 12

If every elements of a raw or column of a square matrix A is zero, then the value of the determinant .

Question # 13

If the determinant formed by the elements of the matrix is not equal to zero, then the matrix is called.

Question # 14

The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.

Question # 15

if in a matrix , the number if rows is the same as the number of columns, it is called.

Question # 16

The matrix A multiplies by its inverse will b e a.

Question # 17

Given or known values in an equation are called.

Question # 18

A set containing only one element is termed as

Question # 19

A mathematical statement setting two algebraic expressions equal to each other is called.

Question # 20

(A+B) + C =a +(B+C) This law of matrices is known as.

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Economics
13th Chapter

PPSC Economics Chapter 13 Test

Here you can prepare PPSC Economics Chapter 13 (Mathematics For Economics) Test. Click the button for 100% free full practice test.

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PPSC Economics Chapter 13 Important MCQ's

Sr.# Question Answer
1 The increase in dependent variable that results when the independent variable increases by one unit in a simple lines. function is called.
A. Y intercept of the curve
B. Slope of the curve
C. X intercept of the curve
D. Marginal value
2 If matrix A is matrix of order n x m and B is another matrix of order m x n, then BA will be the matrix of order.
A. n x m
B. m x n
C. n x n
D. m x m
3 The slope of a horizontal line is.
A. One
B. Zero
C. Three
D. two
4 The simplest form of rectangular hyperbola is
A. y = 1/x
B. y = x2
C. y = x-2
D. y = x3
5 If B is a subset of A, then AUB =
A. B
B. Intersection of A and B
C. A
D. None of these
6 Who is regarded as the founder of theory of sets.
A. Adam Smith
B. Karl Frederich Gauss
C. George cantor
D. Euller
7 A inverse is defined only if A is a
A. Square matrix
B. Column vector
C. Orthogonal matrix
D. Skew symmetric matrix
8 a x2 + bx + c = 0
A. Linear equation
B. Quadratic equation
C. Polynomial of degree five
D. None of these
9 If each element of a raw or column is a sum of two elements, the determinant can be expressed as the
A. Sun of two determinants
B. Difference of two determinants
C. Multiplication of two determinants
D. Division of two determinants
10 (A+B) = (B+A) this law of matrices is known as.
A. Cumulative law
B. Associative law
C. Distributive law
D. Identity law

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