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	Other things remaining the same, marginal utility of a commodity diminishes with its continuous consumption. This law is called	Law of diminishing marginal utility Law of equi marginal utility Law of demand Law of decreasing return
2	In mathematics, symbol for utility is used	U M X Y
3	When marginal utility is negative, then total utility	Decreases Increases Does not change Becomes negative
4	When marginal utility is positive, total utility	Goes on decreasing Goes on increasing Does not change Is zero
5	When marginal utility is zero, then total utility is	Minimum Positive Maximum Zero
6	Utility of the last unit of a commodity consumed is called	Positive utility Negative utility Total utility Marginal utility
7	Utility of a commodity is zero, when	Want is satisfied upto a certain extent Want is fully satisfied Utility is positive Want is not satisfied
8	Feature of a commodity to satisfy human want, is called	Value Usefulness Utility Wealth