| 1 |
One of the following is non economic want: |
- A. Car
- B. Bike
- C. Fan
- D. Self respect
|
| 2 |
Guides finance minister for levying tax on the income of the people |
- A. Law of demand
- B. Law of equi marginal utility
- C. Law of diminishing marginal utility
- D. Law of supply
|
| 3 |
Marginal utility always: |
- A. Decreases
- B. Increases
- C. Zero
- D. Negative
|
| 4 |
Initial utility of a product is: |
- A. Highest
- B. Lowest
- C. Constant
- D. All of these
|
| 5 |
The price of non-economic want is always: |
- A. Very high
- B. Very Low
- C. Negative
- D. Zero
|
| 6 |
First law of consumption is known as: |
- A. Law of supply
- B. Law of demand
- C. Law of diminishing marginal utility
- D. Law of equi marginal utility
|
| 7 |
Total utility always: |
- A. Decreases
- B. 1st increases then decreases
- C. Maximum
- D. Negative
|
| 8 |
The name of first law of consumption is |
- A. Law of demand
- B. Law of diminishing marginal utility
- C. Law of equi marginal utility
- D. Law of supply
|
| 9 |
Consumer goods are those goods which the consumers consume |
- A. Directly
- B. Indirectly
- C. Sometimes
- D. Never
|
| 10 |
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity |
- A. Increases
- B. Decreases
- C. Remains constant
- D. None of these
|
