SS1 Economics 1st term exam 2025/26
  • 1. The average of a series of figures or values is known as
A) The mean
B) Mode
C) Meadian
D) Histogram
  • 2. Arithmetic mean is denoted with
A) y
B) x
C) n
D) £x
  • 3. 20,8,12,8,10,14,18,5
    The median of the following set of numbers is
A) 10
B) 11
C) 2
D) 12
  • 4. The mode is the
A) Highest number
B) Lowest number
C) Most frequently occuring no
D) Middle number
  • 5. One of the advantages of mean is
A) It is difficult to calculate
B) It is easy to determine
C) It is affected by all values
D) Arrangement of data is always tedious
  • 6. '£ ' means
A) Division of
B) Cube of
C) Sum of
D) Multiplication of
  • 7. In drawing ______, there is no gap in between the bars
A) Pie chart
B) Histogram
C) Line graph
D) Pictogram
  • 8. One of the following is not a type of bar chart
A) Compound bar chart
B) Component bar chart
C) Simple bar chart
D) Multiple bar chart
  • 9. In ____________, pictures of objects are used to represent items in a given data
A) Bar chart
B) Pictogram
C) Pie chart
D) Histogram
  • 10. Circle is used to represent
A) Line graph
B) Bar chart
C) Pie chart
D) Histogram
  • 11. Economics can be described as a\an __________
A) All of the above
B) science
C) philosophy
D) art
  • 12. Ends in Economics means ___________
A) end of anything
B) none of the above
C) resources
D) human want or need or desire
  • 13. Scarce means ______
A) unlimited unavailable resources
B) unlimited available resources
C) limited available resources
D) limited unavailable resources
  • 14. _____________ is a basic tool for economic analysis.
A) Table
B) Stove
C) Chair
D) Utensil
  • 15. The father of economics is called _________
A) Vladimir Putin
B) Barak Obama
C) Adams Smith
D) Joe Biden
  • 16. The major branches of economics are ________
A) science and social science
B) Micro and macro economics
C) art and commercial
D) economics and science
  • 17. In Economics, the word 'means' means ________
A) services
B) all of the above
C) goods
D) resources
  • 18. Choice is selecting from alternatives
A) False
B) True
  • 19. Pie charts are measured in ______
A) ratios
B) sequences
C) All of the above
D) percentage and degrees
  • 20. A table must have a _____
A) title or heading
B) Both X and Y axes
C) Y axis
D) X axis
  • 21. There are ________ major types of bar charts.
A) four
B) six
C) three
D) seven
  • 22. _____________ are charts in which pictures or drawings of objects are used.
A) Picturesque
B) Pictograms
C) Picturegraph
D) All of the above
  • 23. ____________ is a graphical representation of frequency distribution.
A) Histogram
B) Historical
C) Histographic
D) Heroism
  • 24. The multiple bar chart is used when there are three or more variables.
A) True
B) False
C) Uncertain
D) None of the above
  • 25. ____________ is used to join or connect the highest and the lowest points of a group of data.
A) Line graph
B) Pie chart
C) bar charts
D) Pie graph
  • 26. The measure of central tendency is also known as ______
A) measure of location
B) measure of tendencies
C) measure of average
D) Uncertain
  • 27. __________ is systematic and orderly arrangement of information using rows and columns for presentation.
A) Bars
B) Chair
C) Table
D) Graphs
  • 28. The reward to land as a factor of production is ____
A) Profit
B) interest
C) wage
D) rent
  • 29. Which of the following is not true about land?
A) The supply is fixed
B) Land is heterogeneous
C) Land is mobile
D) t is subject to diminishing returns
  • 30. The reward which accrues to labour for participating in production is______
A) Interest
B) wage
C) Profit
D) Bonus
  • 31. Labour can be efficient when there are ___
A) adequate tools to work with
B) high levels of employment
C) limited vacancies
D) government restrictions
  • 32. The study of Economics becomes necessary because of the ____
A) Scarcity of resources
B) need to satisfy every desire of man
C) opportunity cost of goods and services
D) large population size of the world
  • 33. The sum of items divided by the number of items is the____
A) median
B) Mode Goods
C) mean
D) frequency
  • 34. Find the median of the following set of scores 8, 9, 6, 5, 10
A) 5
B) 8
C) 6
D) 9
  • 35. The reward to capital is ___
A) interest
B) commission
C) Bank rate
D) rent
  • 36. Land includes all except ____
A) forest
B) sea
C) Motor
D) atmosphere
  • 37. Arrangement of needs in order of priority is ____
A) choice
B) scale of preference
C) ends
D) None
  • 38. All of these people gave definition of economics except
A) Lionel Robbins
B) Alfred Marshall
C) Alvan Ikoku
D) Adam Smith
  • 39. The total degree of a pie chart is
A) 90°
B) 240°
C) 180°
D) 360°
  • 40. The type of bar chart used when the data involved are of two variables is
A) Multiple bar chart
B) Component bar chart
C) Simple bar chart
D) Compound bar chart
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