3rd Chapter

ICS Part 1 Economics Chapter 3 MCQs Test

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

Start Chapter 3 Test

First Year Economics Chapter 3 Online MCQ Test for 1st Year Economics Chapter 3 (Some Mathematical and Statistical Concepts)

Sr. # Questions Answers Choice
1 ______ 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
2 When the classify data on the basis of income there will be
  • A. class intervals
  • B. class numbers
  • C. groups
  • D. sections
3 This is a tool in economic studies
  • A. market
  • B. price
  • C. firm
  • D. functional relation
4 How many kinds of equations?
  • A. 4
  • B. 3
  • C. 2
  • D. 5
5 The relationship between two variables that move in the same direction is called
  • A. neutral
  • B. positive
  • C. independent
  • D. dependent
6 To measure changes in purchasing power of money, we use
  • A. percentages
  • B. index numbers
  • C. averages
  • D. variables
7 A ______ is something which is measurable and can take on different values
  • A. Variable
  • B. Constant
  • C. Both a and b
  • D. None of these
8 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
9 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
10 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

Top Scorers of Economics Ics Part 1 English Medium Chapter 3 Online Test

M

M. Saleh

Lahore06 - Apr - 2025

11/20
06 Mins 04 Sec
S

Sana Elahi

Lahore03 - Mar - 2025

10/20
02 Mins 34 Sec

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