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	Total utility increases when marginal utility is	Positive Negative Zero Minimum
2	Total utility is maximum when marginal utility is	Positive Negative Zero Minimum
3	Which of the following stated that utility is measurable	Marshall Adam Smith Robbins Keynes
4	Utility attained by all the units of a commodity consumed	Positive utility Negative utility Total utility Marginal utility
5	Utility attained by consuming an additional or last unit of a commodity	Positive utility Negative utility Zero utility Marginal utility
6	Utility is related with	Usefulness Useless Necessities Desire
7	Which law is applied when marginal utilities of all the purchased goods become equal to each other	Law of diminishing marginal utility Law of equi marginal utility Law of demand Law of increasing return
8	According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity	Increases Decreases Remains constant None of these
9	Initial utility is ______ individual utilities of all the units	More than Less than Equal to None of these
10	On which of the following law of diminishing marginal utility is applicable	Money and wealth Diamonds and jewels Goods of fashion Necessities of life
11	Curve of law of diminishing marginal utility	Moves from left to right downward Moves from left to right upward Firstly it has a tendency to rise up and after a certain limit it starts falling It is parallel to ox-axis
12	Objective of a rational consumer is	To save maximum amount from his limited income To buy goods at minimum price Best choice from existing economic goods To attain maximum utility from the spent amount
13	To determine consumer's equilibrium, professor Marshall got help from the law	Law of diminishing marginal utility Law of equi marginal utility Law of demand Law of constant return
14	Other name of law of equi marginal utility is	Law of diminishing marginal utility Law of demand Law of constant return Law of indifference
15	According to which economist, utility is measureable	Marshall Adam smith Robbins Keynes

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