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Question-1 The distinction between Micro and Macro economics was made by

(A) Amartya sen	(B)J.R.Hicks
(C)Ragnar frisch	(D)none of these

Question-2
___________ theories explain the theory of consumer behavior in a market situation.

(A) marginal utility theory	(B) Indifference curve analysis
(C) reveled preference	(D) All of these

Question-3
When total utility is increasing at a decreasing rate, then marginal utility would be ___________.

(A) Increasing but positive	(B) Decreasing but negative
(C) Decreasing but positive	(D) Any of these

Question-4 A free-enterprise economy is _________ economy

(A) planned	(B)unplanned
(C)socialist	(D)mixed

Question-5
As per modern theory utility can _______.

(A) measurable	(B) not be measured
(C) no data is available	(D) None of these

Question-6
The law of diminishing marginal utility is not applicable to __________.

(A) Accumulation of assets	(B) collection of stamps
(C) collection of old coins	(D) All of these

Question-7 ________ is the basic parameter of micro-economics

(A) price	(B)income
(C)employment	(D)output

Question-8 The distinction between Micro and Macro economics was emerged after _________

(A) great depression	(B)global meltdown
(C)discovery of USA	(D)none of these

Question-9
Most of the costumers in the market are _________.

(A) Rational	(B) irrational
(C) psychic	(D) All of these

Question-10
Rationality assumption means that the consumer tries to maximize his __________.

(A) Dis-utility	(B) Utility
(C) Income	(D) None of theses

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Plus 2 Commerce

ICSE/ISC

Practice in Related Chapters
Micro Economic Theory