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Question-1 Maximization of material welfare of the people is the aim of ________ theories

(A) Macro economics	(B)micro economics
(C)both micro and macro economic	(D)none of these

Question-2 Macro economics deals with __________

(A) allocation of resources	(B)distribution of output
(C)spending on goods and services	(D)all of these

Question-3
The adding up the marginal utility of all units of a commodity is known as ________.

(A) Marginal utility	(B) managerial utility
(C) Total utility	(D) None of these

Question-4 In an economic perspective , the success of a government depends on resolving issues of __________

(A) perfect competition	(B)monopoly
(C)macro economic relevance	(D)none of these

Question-5
Equilibrium is the ________ position towards which the consumer would like to move

(A) Optimal	(B) In Optimal
(C) Optional	(D) Any of these

Question-6 Economic theories and tools are extensively used in _________-

(A) business decision making	(B)business analysis
(C)business forecasting	(D)all of these

Question-7 Economists use ________ statistics to get the quantitative measure of the performance of an economy

(A) inflation	(B)population
(C)balance of payment	(D)national income

Question-8 The best use of macro economics lies in formulating ___________

(A) policies	(B)programme
(C)implementations	(D)all of these

Question-9
Marginal utility __________ with increase in consumption.

(A) Increases	(B) Decreases
(C) remains constant	(D) any of these

Question-10
__________ is the main assumption of law of diminishing marginal utility.

(A) Commodity must be same	(B) taste remains same
(C) price of substitute remains same	(D) All of these

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Plus 2 Commerce

ICSE/ISC

Practice in Related Chapters
Micro Economic Theory