Smartindia Classroom
CONTENTS
English
Economics
History & Civics
Back to home
Start Practice
Question-1
The concept of indifference curve was given scientific touch by _________.
(A)
Marshall
(B)
Keynes
(C)
Hicks
(D)
All of these
Question-2
________ divides the price effect into income effect and substitution effect.
(A)
equi - marginal utility
(B)
indifference curve
(C)
marginal utility
(D)
None of these
Question-3
Indifference curve is ___________.
(A)
Only one
(B)
Two
(C)
Three
(D)
Any of these
Question-4
Indifference curve is applicable to ________ goods
(A)
One
(B)
Two
(C)
Three
(D)
Number of goods
Question-5
Indifferences curve approach is based on _____________.
(A)
Cardinal approach
(B)
spatial approach
(C)
Scale of preference
(D)
Any of these
Question-6
Indifference curve is a _________ model.
(A)
Uni
(B)
Bi
(C)
Multiple
(D)
Any of these
Question-7
Law of diminishing marginal utility is based on ____________.
(A)
Cardinal approach
(B)
Ordinal approach
(C)
Spatial approach
(D)
None of these
Question-8
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-9
Down ward sloping marginal utility curve indicates law of __________.
(A)
Demand
(B)
equi -marginal utility
(C)
Diminishing marginal utility
(D)
None of these
Question-10
Modern demand theory uses the analytical approach of _________.
(A)
Law of demand
(B)
Equi- marginal utility
(C)
diminishing marginal utility
(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
