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

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ICS Part 1 Economics Chapter 2 MCQs Test

This online test contains MCQs about following topics:

Economics Ics Part 1 English Medium Chapter 2 Online Test

Try the Economics Ics Part 1 English Medium Chapter 2 Online Test.

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 2 Online Test

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Question # 1

Law of substitution is another name for

Question # 2

Utility is most closely related to the term

Question # 3

One of the following will not be the income of a person.

Question # 4

Food, Shelter and clothing are:

Question # 5

The utility of durable consumer goods.

Question # 6

MU curve

Question # 7

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

Question # 8

.Which one is not an economic want.

Question # 9

Equilibrium of consumer is explained by

Question # 10

Power of a product which can satisfy human want is.

Question # 11

When MU is positive, TU

Question # 12

Law of Equi marginal utlility is a low of

Question # 13

In economics, one or more persons sharing common consumer budget is called

Question # 14

Only those goods are priced in the market which have:

Question # 15

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

Question # 16

Utility and usefulness are

Question # 17

When MU=0, TU is

Question # 18

The goods used to produce income or wealth are.,

Question # 19

Indifference curves are convex to the origin because

Question # 20

Diminishing marginal utility is the basis of

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Prepare All Economics Ics Part 1 English Medium Chapter 2 Online Test MCQs With Answers


Utility ,Relationshipsof marginal and Total utility ,Scarcity ,Value and Price ,Income ,Goods and Sevice ,Wealth ,Law of Diminshing Utility ,Law of Equi Marginal Utility ,Formula for Consumers Equilibrium

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