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