Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
Indifference curve is applicable to ________ goods
(A)
One
(B)
Two
(C)
Three
(D)
Number of goods
Question-2
Indifferences curve approach is based on _____________.
(A)
Cardinal approach
(B)
spatial approach
(C)
Scale of preference
(D)
Any of these
Question-3
_________ is the locus of point gives the consumer same level of satisfaction.
(A)
law of demand
(B)
Law of diminishing marginal utility
(C)
Indifference curve
(D)
None of these
Question-4
Higer level of indifference curve lies to the ________ of first indifference curve.
(A)
left
(B)
right
(C)
Same position
(D)
Any of these
Question-5
Cardinal utility approach explains that utility can be ___________.
(A)
Measurable
(B)
Can't measure
(C)
a or b
(D)
Further data is required
Question-6
In ordinal approach a consumer needs to know ____________.
(A)
Exact quantitative measurement
(B)
Need not know exact quantitative measurement
(C)
a or b
(D)
Further data is required
Question-7
Modern demand theory uses the analytical approach of _________.
(A)
Law of demand
(B)
Equi- marginal utility
(C)
diminishing marginal utility
(D)
indifference curve
Question-8
Since various combinations of two goods give equal satisfaction, consumer gives _________ importance to these combinations.
(A)
Less
(B)
Greater
(C)
Equal
(D)
Any of these
Question-9
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-10
Indifference curve is ___________.
(A)
Only one
(B)
Two
(C)
Three
(D)
Any of these
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
