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

Economics Ics Part 1 English Medium Chapter 2 Online Test

Sr. #	Questions	Answers Choice
1	MU curve	rises left to right is always vertical falls left to right is always horizontal
2	Indifference curves are convex to the origin because	two goods are perfect substitutes two goods are imperfect substitutes two goods are perfect complementary goods goods area jointly demanded
3	The quality of commodity that satisfies some human want or need is called	service demand utility efficiency
4	When MU=0, TU is	minimum maximum increasing decreasing
5	Diminishing marginal utility is the basis of	law of supply law of demand laws of returns none of the above
6	When MU is positive, TU	increases decreases remains constant is maximum
7	Utility and usefulness are	equal different opposite unrelated
8	Law of Equi marginal utlility is a low of	production of wealth consumption of wealth distribution of wealth exchange of wealth
9	Law of substitution is another name for	law of diminishing MU law of equi-MU law of demand law of satisfaction
10	A consumer's spending is restricted because of	marginal utility budget constraint demand curve unlimited wants
11	Utility is most closely related to the term	useful useless necessary satisfaction
12	the term marginal in economics means	unimportant additional the minimum unit just barely passing
13	When marginal is negative, it must be true that	the average is negative the average is decreasing the total is negative the total is decreasing
14	In economics, one or more persons sharing common consumer budget is called	social group consumer union organisation household
15	A consumer in equilibrium when marginal utilities are	minimum highest equal increasing
16	Human wants are	one thousand few innumerable countable
17	Rotten eggs are	free good economic good service wealth

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