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Question-1
Scale of preference is a __________ measurement.
(A)
Qualitative
(B)
Quantitative
(C)
Attributive
(D)
Any of these
Question-2
Lower level of indifference curve lies to the ________ of first indifference curve.
(A)
Left
(B)
right
(C)
same position
(D)
Any of these
Question-3
Higer level of indifference curve lies to the ________ of first indifference curve.
(A)
left
(B)
right
(C)
Same position
(D)
Any of these
Question-4
________ is a set of indifference curves each one of which represents a given level of satisfaction.
(A)
Indifference curve
(B)
Indifference Map
(C)
a or b
(D)
Any of these
Question-5
Weight, height, length etc. includes in _________ approach.
(A)
Ordinal
(B)
spatial
(C)
cardinal
(D)
Any of these
Question-6
The nearer the curve from the origin, ________ would be the level of satisfaction it represents .
(A)
Higher
(B)
Lower
(C)
same
(D)
None of these
Question-7
________ 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-8
Lower level of indifference curve shows __________ satisfaction.
(A)
Higher
(B)
Lower
(C)
Same
(D)
None of these
Question-9
________ 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-10
The concept of indifference curve was given scientific touch by _________.
(A)
Marshall
(B)
Keynes
(C)
Hicks
(D)
All of these
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Plus 2 Humanities
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Practice in Related Chapters
Micro Economic Theory
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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
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