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Question-1
Indifference curve is ___________.
(A)
Only one
(B)
Two
(C)
Three
(D)
Any of these
Question-2
For each level of satisfaction we have to draw _____ indifference curve.
(A)
Only one
(B)
Two
(C)
Three
(D)
Different
Question-3
Indifference curve is based on the principle of _________ approach
(A)
Cardinal
(B)
Ordinal
(C)
Spatial
(D)
None of these
Question-4
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-5
________ 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-6
Lower level of indifference curve shows __________ satisfaction.
(A)
Higher
(B)
Lower
(C)
Same
(D)
None of these
Question-7
Lower level of indifference curve lies to the ________ of first indifference curve.
(A)
Left
(B)
right
(C)
same position
(D)
Any of these
Question-8
Indifferences curve approach is based on _____________.
(A)
Cardinal approach
(B)
spatial approach
(C)
Scale of preference
(D)
Any of these
Question-9
The further the curve form the origin, _________ would be the level of satisfaction it represents.
(A)
Higher
(B)
lower
(C)
Same
(D)
Any of these
Question-10
Indifference curve is applicable to ________ goods
(A)
One
(B)
Two
(C)
Three
(D)
Number of goods
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Plus 2 Humanities
ICSE/ISC
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