11th class Economics chapter 2 online mcq test with answers for ICS part 1 Economics chapter 2 (Consumer Behaviour)

Question # 1

The value of a product depends upon.

The number of dollars A
The numbers of dollars which can be given in exchange for it B
The current exchange rate. C
None of them D

Question # 2

The good which are used to produce more goods are.``

Social goods A
Capital goods B
Consumer goods C
Public goods D

Question # 3

A consumer's spending is restricted because of

marginal utility A
budget constraint B
demand curve C
unlimited wants D

Question # 4

The price of an non-economic good is:

Very low A
Very high B
Zero C
Negative D

Question # 5

Shopkeepers are also producers because in goods, they produce.

Form utility A
Time utility B
Use utility C
Place utility D

Question # 6

the term marginal in economics means

unimportant A
additional B
the minimum unit C
just barely passing D

Question # 7

If a person consumes goods X and Y maximises total utility, then MU per rupee from the two goods must be

equal A
unequal B
increasing C
decreasing D

Question # 8

Utility and usefulness are

equal A
different B
opposite C
unrelated D

Question # 9

Diminishing marginal utility is the basis of

law of supply A
law of demand B
laws of returns C
none of the above D

Question # 10

The number of goods and services which one unit of a product can command in exchange for it is its.

Value of money A
Value in exchange B
Price C
Utility D

Question # 11

When marginal is negative, it must be true that

the average is negative A
the average is decreasing B
the total is negative C
the total is decreasing D

Question # 12

A product which has value price in the market has.

Utility A
Scarcity B
Transferability C
All the three D

Question # 13

The quality of commodity that satisfies some human want or need is called

service A
demand B
utility C
efficiency D

Question # 14

General price level and real income of the people are correlated with each other

Negatively A
Positovely B
Normally C
Sub normally D

Question # 15

A consumer in equilibrium when marginal utilities are

minimum A
highest B
equal C
increasing D

Question # 16

Utility of a product depends upon

Knowledge A
Ownership B
Form C
All of them D

Question # 17

Equilibrium of consumer is explained by

negative utility A
positive utility B
marginal utility C
profit D

Question # 18

Human wants are

one thousand A
few B
innumerable C
countable D

Question # 19

If a consumer moves upward along an indifference curve, his total utility

falls to zero A
does not change B
increases C
decreases D

Question # 20

The goods used to produce income or wealth are.,

Consumer goods A
Manufactured goods B
Merit goods C
Capital goods D

Sr.#	Question	Answer
1	Only those goods are priced in the market which have:	A. Utility B. Sacrcity C. Transferability D. All of the above
2	A consumer in equilibrium when marginal utilities are	A. minimum B. highest C. equal D. increasing
3	A product which has value price in the market has.	A. Utility B. Scarcity C. Transferability D. All the three
4	The value of a product depends upon.	A. The number of dollars B. The numbers of dollars which can be given in exchange for it C. The current exchange rate. D. None of them
5	The quality of commodity that satisfies some human want or need is called	A. service B. demand C. utility D. efficiency
6	If a consumer moves upward along an indifference curve, his total utility	A. falls to zero B. does not change C. increases D. decreases
7	Goods which can satisfy human wants are.	A. Consumer goods B. Capital goods C. Social goods D. Public goods
8	The goods used to produce income or wealth are.,	A. Consumer goods B. Manufactured goods C. Merit goods D. Capital goods
9	Shopkeepers are also producers because in goods, they produce.	A. Form utility B. Time utility C. Use utility D. Place utility
10	Human wants are	A. one thousand B. few C. innumerable D. countable

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First Year Economics Chapter 2 Online MCQ Test for 1st Year Economics Chapter 2 (Consumer Behaviour)

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MCQ's Test For Chapter 2 "Economics Ics Part 1 English Medium Chapter 2 Online Test"

Economics Ics Part 1 English Medium Chapter 2 Online Test

The value of a product depends upon.

The good which are used to produce more goods are.``

A consumer's spending is restricted because of

The price of an non-economic good is:

Shopkeepers are also producers because in goods, they produce.

the term marginal in economics means

If a person consumes goods X and Y maximises total utility, then MU per rupee from the two goods must be

Utility and usefulness are

Diminishing marginal utility is the basis of

The number of goods and services which one unit of a product can command in exchange for it is its.

When marginal is negative, it must be true that

A product which has value price in the market has.

The quality of commodity that satisfies some human want or need is called

General price level and real income of the people are correlated with each other

A consumer in equilibrium when marginal utilities are

Utility of a product depends upon

Equilibrium of consumer is explained by

Human wants are

If a consumer moves upward along an indifference curve, his total utility

The goods used to produce income or wealth are.,

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