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	When total utility is increasing marginal utility is	Zero Positive Negative Maximum
2	When total utility is decreasing, marginal utility is	Zero Positive Negative Maximum
3	When no satisfaction is attained by the consumption of a commodity, its marginal utility is	Zero Positive Negative Minimum
4	Want of a commodity is satisfied, when its marginal utility is	Positive Zero Negative Minimum
5	Consumer goods are those goods which the consumers consume	Directly Indirectly Sometimes Never
6	According to law of diminishing marginal utility, marginal utility of a commodity	Increases Decreases Remains constant Become negative
7	Which economist did present, cardinal theory of utility	Marshall Karoos Cannon J.B. Say
8	One of the following is not assumption of law of diminishing marginal utility	Same nature of the commodity Consumption of the commodity with intervals Suitable quantity of the commodity No change in consumers mental condition
9	On which of the following law of diminishing marginal utility is applicable	Money and wealth Historical articles Normal goods of need Narcotics
10	Which economist stated that utility is not measurable	Adam Smith Marshall Cannon Hicks
11	Economist who presented the first law of consumption	Marshall Adam smith Robbins Pigou
12	Marginal utility curve moves	From left to right downward From left to right upward Parallel to ox axis Parallel to oy axis
13	Slope of marginal utility curve is	Positive Negative Vertical Horizontal
14	Which law provides the base of law of demand	Law of supply Law of diminishing marginal utility Law of equi marginal utility Law of decreasing return
15	Total utility decreases when marginal utility is	Positive Negative Zero Maximum

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