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

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

Sr. # Questions Answers Choice
1 To show data in tables, we must first
  • A. reduce data
  • B. expand data
  • C. classify data
  • D. all of the above
2 Total utility is maximised when.
  • A. Marginal utility is zero
  • B. Marginal utility falls
  • C. Marginal utility rises
  • D. Non of the above
3 Marginal utility of a product is the utility obtained by consuming.
  • A. First unit of consummption
  • B. Each additional unit of consumption
  • C. Last unit of consumption
  • D. None of the them
4 Law of diminishing marginal utility provides basis for:
  • A. Law of demand
  • B. Law of supply
  • C. Laws of returns
  • D. Law of variable proportions
5 Constant are represented by symbol
  • A. C
  • B. V
  • C. P
  • D. U
6 How many kinds of data?
  • A. 2
  • B. 3
  • C. 4
  • D. 5
7 One of the following will not be an assumption of the law of diminishing marginal utility.
  • A. Nature of the product should not changed
  • B. Mental condition of the consumer
  • C. Income of the consumer should not changed
  • D. None of the three
8 Initial utility of a product is :
  • A. Highest
  • B. Lowest
  • C. Conatant
  • D. None of them
9 How many kinds of equations?
  • A. 4
  • B. 3
  • C. 2
  • D. 5
10 The relationship between two variables that move in the same direction is called
  • A. neutral
  • B. positive
  • C. independent
  • D. dependent

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

M

Mohammad Akhlaq

Lahore17 - Oct - 2024

15/20
04 Mins 59 Sec
M

Mohammad Akhlaq

Lahore17 - Oct - 2024

13/20
06 Mins 30 Sec

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