Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
If MU of a commodity is greater than MU of money, then the consumer would _______ goods and services.
(A)
Purchase
(B)
will not purchase
(C)
May leave the commodity for ever
(D)
Any of these
Question-2
If MUx < Px, the consumer would be in an optimum level by purchasing __________ quantity of goods.
(A)
More
(B)
Less
(C)
Same quantity
(D)
Any of these
Question-3
Indifference curve is a _________ model.
(A)
Uni
(B)
Bi
(C)
Multiple
(D)
Any of these
Question-4
Cardinal utility approach explains that utility can be ___________.
(A)
Measurable
(B)
Can't measure
(C)
a or b
(D)
Further data is required
Question-5
________ refers to a schedule that shows various combinations of two goods which gives them equal level of satisfaction.
(A)
Demand schedule
(B)
Marginal utility schedule
(C)
Preference schedule
(D)
Indifference curve schedule
Question-6
Since all the points on an indifference curve gives same levels of satisfaction a consumer would be __________.
(A)
Different
(B)
Indifferent
(C)
no different
(D)
Any of these
Question-7
Law of diminishing marginal utility explain that utility can be _________.
(A)
Measurable
(B)
Can't measure
(C)
a or b
(D)
Further data is required
Question-8
Indifference curve is also known as _______.
(A)
Indifference map
(B)
ISO-utility curve
(C)
ISI-utility curve
(D)
All of these
Question-9
Theory of reveled preference was based on ________.
(A)
Cardinal approach
(B)
Ordinal approach
(C)
Spatial approach
(D)
None of these
Question-10
The various combinations of two commodities which give equal satisfaction to the consumers is known as ____________.
(A)
Demand schedule
(B)
Marginal utility schedule
(C)
preference schedule
(D)
Indifference curve
Your Score 0/10
Click
here
to see your answersheet and detailed track records.
Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
Powered By
