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

Question # 1

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 # 2

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 # 3

Goods which can satisfy human wants are.

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

Question # 4

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 # 5

Equilibrium of consumer is explained by

negative utility A
positive utility B
marginal utility C
profit D

Question # 6

Power of a product which can satisfy human want is.

Utility A
Total utility B
Average utility C
Marginal utility D

Question # 7

Shopkeepers are also producers because in goods, they produce.

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

Question # 8

Food, Shelter and clothing are:

Necessities A
Comfort B
Luxuries. C
None of three D

Question # 9

Law of Equi marginal utlility is a low of

production of wealth A
consumption of wealth B
distribution of wealth C
exchange of wealth D

Question # 10

Law of substitution is another name for

law of diminishing MU A
law of equi-MU B
law of demand C
law of satisfaction D

Question # 11

The utility of durable consumer goods.

Diminishes with the passage of time A
Perishes, if not used B
Can be obtained constantly C
None of the three D

Question # 12

.Which one is not an economic want.

Want for food A
Want to be a doctor B
Want to fall in love C
Non of the above D

Question # 13

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

Wages A
Profit B
Sccholarship C
Salary 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

MU curve

rises left to right A
is always vertical B
falls left to right C
is always horizontal D

Question # 16

Utility is most closely related to the term

useful A
useless B
necessary C
satisfaction D

Question # 17

The goods used to produce income or wealth are.,

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

Question # 18

A consumer in equilibrium when marginal utilities are

minimum A
highest B
equal C
increasing D

Question # 19

Utility and usefulness are

equal A
different B
opposite C
unrelated D

Question # 20

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

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

Sr.#	Question	Answer
1	Utility is most closely related to the term	A. useful B. useless C. necessary D. satisfaction
2	General price level and real income of the people are correlated with each other	A. Negatively B. Positovely C. Normally D. Sub normally
3	One of the following will not be the income of a person.	A. Wages B. Profit C. Sccholarship D. Salary
4	When MU=0, TU is	A. minimum B. maximum C. increasing D. decreasing
5	Shopkeepers are also producers because in goods, they produce.	A. Form utility B. Time utility C. Use utility D. Place utility
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	Power of a product which can satisfy human want is.	A. Utility B. Total utility C. Average utility D. Marginal utility
8	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
9	Diminishing marginal utility is the basis of	A. law of supply B. law of demand C. laws of returns D. none of the above
10	Utility and usefulness are	A. equal B. different C. opposite D. unrelated

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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

Diminishing marginal utility is the basis of

When marginal is negative, it must be true that

Goods which can satisfy human wants are.

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

Equilibrium of consumer is explained by

Power of a product which can satisfy human want is.

Shopkeepers are also producers because in goods, they produce.

Food, Shelter and clothing are:

Law of Equi marginal utlility is a low of

Law of substitution is another name for

The utility of durable consumer goods.

.Which one is not an economic want.

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

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

MU curve

Utility is most closely related to the term

The goods used to produce income or wealth are.,

A consumer in equilibrium when marginal utilities are

Utility and usefulness are

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

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