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