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