11th class Principles of Economics chapter 2 online mcq test with answers for I.Com part 1 Principles of Economics chapter 2(Consumer's Demand Theory)

Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test

Sr. #	Questions	Answers Choice
1	Initial utility of a product is:	Highest Lowest Constant All of these
2	The term marginal in economics means:	An additional unit Change in unit Last unit All of them
3	Cardinal utility approach was presented by:	Adam smith Keynes Robbins Marshall
4	Human wants are:	Limited Unlimited Re-appear Both (b) and (c)
5	The power of a good or service to satisfy a human want is called:	Value Price Utility All of them
6	The concept of utility is:	Subjective Moral Objective Neutral
7	Consumer's behaviour means:	Selection Purchase Sale Both (a) and (b)
8	After achieving point of Satiation the total utility starts	Rising Declining Remains constant None of these
9	Utility can not be measurable who has said	Marshall Hicks Pigue Adam Smith
10	First and basic law of consumption is	Law of demand Law of decreasing return Law of supply Law of diminishing marginal utility
11	Guides finance minister for levying tax on the income of the people	Law of demand Law of equi marginal utility Law of diminishing marginal utility Law of supply
12	Concept of law of diminishing marginal utility was presented by professor	Marshall Robbins Keynes Pigou
13	Utility attained by the consumption of first unit of a commodity is called	Positive utility Negative utility Initial utility Zero utility
14	The name of first law of consumption is	Law of demand Law of diminishing marginal utility Law of equi marginal utility Law of supply
15	Marginal utility at the point of satiety is	Zero Positive Negative Initial

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