11th Class ICom Part 1 Principles of Economics Chapter Wise Online MCQ Test With Answers PDF English Medium

Principles of Economics Icom Part 1 English Medium Online Test

Sr. #	Questions	Answers Choice
1	Economist who presented the first law of consumption	Marshall Adam smith Robbins Pigou
2	Marginal utility curve moves	From left to right downward From left to right upward Parallel to ox axis Parallel to oy axis
3	Slope of marginal utility curve is	Positive Negative Vertical Horizontal
4	Which law provides the base of law of demand	Law of supply Law of diminishing marginal utility Law of equi marginal utility Law of decreasing return
5	Total utility decreases when marginal utility is	Positive Negative Zero Maximum
6	Total utility increases when marginal utility is	Positive Negative Zero Minimum
7	Total utility is maximum when marginal utility is	Positive Negative Zero Minimum
8	Which of the following stated that utility is measurable	Marshall Adam Smith Robbins Keynes
9	Utility attained by all the units of a commodity consumed	Positive utility Negative utility Total utility Marginal utility
10	Utility attained by consuming an additional or last unit of a commodity	Positive utility Negative utility Zero utility Marginal utility
11	Utility is related with	Usefulness Useless Necessities Desire
12	Which law is applied when marginal utilities of all the purchased goods become equal to each other	Law of diminishing marginal utility Law of equi marginal utility Law of demand Law of increasing return
13	According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity	Increases Decreases Remains constant None of these
14	Which one is not studied in micro economic	National income Consumer behavior Market equilibrium Firm's equilibrium
15	In macro economics, what kind of problems can be discussed	International trade Consumers behavior Problems of a firm Determination of price

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