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

This online test contains MCQs about following topics:

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

ICS Part 1 Economics Chapter 2 Test

Start Chapter 2 Test

ICS Part 1 Economics Chapter Wise Test

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

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

  • Total Questions20

  • Time Allowed30

Start Test Download PDF

Economics Ics Part 1 English Medium Chapter 2 Online Test

00:00
Question # 1

A product which has value price in the market has.

Question # 2

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

Question # 3

Law of Equi marginal utlility is a low of

Question # 4

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

Question # 5

The price of an non-economic good is:

Question # 6

Utility is most closely related to the term

Question # 7

Economic wants.

Question # 8

The utility of durable consumer goods.

Question # 9

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

Question # 10

Only those goods are priced in the market which have:

Question # 11

Utility of a product depends upon

Question # 12

Equilibrium of consumer is explained by

Question # 13

Food, Shelter and clothing are:

Question # 14

Indifference curves are convex to the origin because

Question # 15

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

Question # 16

.Which one is not an economic want.

Question # 17

When MU is positive, TU

Question # 18

Goods which can satisfy human wants are.

Question # 19

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

Question # 20

MU curve

Submit

Prepare Complete Set Wise Chapter 2 "Economics Ics Part 1 English Medium Chapter 2 Online Test" MCQs Online With Answers


Topic Test

00:00
Submit
ic-science-white
Economics
2nd Chapter

ICS Part 1 Economics Chapter 2 MCQs Test

Top Scorers Of Chapter 2 "Economics Ics Part 1 English Medium Chapter 2 Online Test" MCQ`s Test

  • L
    Laiba Muqaddas 25 - Jul - 2024 00 Min 25 Sec 20/20
  • Z
    Zafar Ali 22 - May - 2024 02 Min 02 Sec 20/20
  • B
    Bano Begum 09 - May - 2024 03 Min 34 Sec 20/20
  • H
    hafsa Mumtaz 10 - May - 2024 05 Min 04 Sec 20/20
  • N
    Noorulain Waseem 22 - Apr - 2024 01 Min 25 Sec 19/20
  • Z
    zainab nouman 16 - Apr - 2024 02 Min 40 Sec 19/20
  • M
    M.Attiq-U-Rehman 24 - Nov - 2023 02 Min 50 Sec 17/20
  • A
    Ali Jutt 31 - May - 2024 05 Min 27 Sec 17/20
  • M
    Mohammad Akhlaq 17 - Oct - 2024 03 Min 42 Sec 16/20
  • Q
    Qazi Mohid 09 - Jun - 2026 03 Min 51 Sec 16/20
  • Z
    Zaina Ch 10 - May - 2024 02 Min 22 Sec 15/20
  • T
    Taimoor Kayani 08 - May - 2024 03 Min 22 Sec 15/20
  • A
    Ashraf Ali 28 - Jul - 2024 10 Min 18 Sec 15/20
  • S
    Saad Sadiq 03 - May - 2024 02 Min 06 Sec 14/20
  • A
    Abdullah Safdar 23 - Jun - 2026 02 Min 21 Sec 14/20

ICS Part 1 Economics Chapter 2 Important MCQ's

Sr.# Question Answer
1 Power of a product which can satisfy human want is.
A. Utility
B. Total utility
C. Average utility
D. Marginal utility
2 Diminishing marginal utility is the basis of
A. law of supply
B. law of demand
C. laws of returns
D. none of the above
3 When marginal is negative, it must be true that
A. the average is negative
B. the average is decreasing
C. the total is negative
D. the total is decreasing
4 the term marginal in economics means
A. unimportant
B. additional
C. the minimum unit
D. just barely passing
5 A consumer in equilibrium when marginal utilities are
A. minimum
B. highest
C. equal
D. increasing
6 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
7 When MU is positive, TU
A. increases
B. decreases
C. remains constant
D. is maximum
8 Utility and usefulness are
A. equal
B. different
C. opposite
D. unrelated
9 Utility of a product depends upon
A. Knowledge
B. Ownership
C. Form
D. All of them
10 In economics, one or more persons sharing common consumer budget is called
A. social group
B. consumer union
C. organisation
D. household

Test Questions