[{"id":180698,"question":"When the demand of a product rises due to factors except price it will be.","choices":[{"text":"Extension of demands","value":"A"},{"text":"Rise of demand","value":"B"},{"text":"Contraction of demand","value":"C"},{"text":"Extension of demand","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180697,"question":"The demand curve slopes downward from left to right because of:","choices":[{"text":"Income effect","value":"A"},{"text":"Substitution effect","value":"B"},{"text":"Entry of new buyers","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180696,"question":"Wit rapid economic growth in a country the individual demand curve will:","choices":[{"text":"Rise","value":"A"},{"text":"Fall","value":"B"},{"text":"Extend","value":"C"},{"text":"Contract","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180695,"question":"The law demand will not be valid in case of.","choices":[{"text":"Very high price products","value":"A"},{"text":"Normal goods","value":"B"},{"text":"Price effect","value":"C"},{"text":"Income effects","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180694,"question":"The demand of a good falls when.","choices":[{"text":"Its price falls","value":"A"},{"text":"Price of the substitute changes","value":"B"},{"text":"its price rises","value":"C"},{"text":"It price remain constant","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180693,"question":"The demand of a will expand when:","choices":[{"text":"Other things do not remain constant.","value":"A"},{"text":"Price of the products changes.","value":"B"},{"text":"Value of money falls.","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180692,"question":"One of the following will not be an assumption of the law of diminishing marginal utility.","choices":[{"text":"Nature of the product should not changed","value":"A"},{"text":"Mental condition of the consumer","value":"B"},{"text":"Income of the consumer should not changed","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180691,"question":"The talent of a professor is .","choices":[{"text":"National wealth","value":"A"},{"text":"International wealth","value":"B"},{"text":"Personal wealth","value":"C"},{"text":"Non of them","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180690,"question":"A bridge will be a","choices":[{"text":"Private good","value":"A"},{"text":"Capital goods","value":"B"},{"text":"Consumer good","value":"C"},{"text":"Personal good","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180689,"question":"<div>When marginal utility of a product is zero its total utility will be.</div>","choices":[{"text":"Increase","value":"A"},{"text":"Decreasing","value":"B"},{"text":"Maximum","value":"C"},{"text":"Constant","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180688,"question":"Who introduced indifference curves to explain consumer's beghavior","choices":[{"text":"J.R Hicks","value":"A"},{"text":"Marshall","value":"B"},{"text":"Robbins","value":"C"},{"text":"Adam Smith","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180687,"question":"A contour line which slopes downward from left to right and yield equal level of satisfaction to consumer with the given income is.","choices":[{"text":"Negatively slop curve","value":"A"},{"text":"An indifference curve","value":"B"},{"text":"Positively sloped Curve","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180686,"question":"One of the following is not an exception to the law of diminishing marginal utility .","choices":[{"text":"Money","value":"A"},{"text":"Knowledge","value":"B"},{"text":"Music","value":"C"},{"text":"Non of them","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180685,"question":"The utility of an additional unit of a product is","choices":[{"text":"Law of demand","value":"A"},{"text":"Law of substitution","value":"B"},{"text":"Law of supply","value":"C"},{"text":"Law of diminishing marginal utility","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180684,"question":"Law of equi marginal utility provides basis for.","choices":[{"text":"Equal distribution of wealth","value":"A"},{"text":"Economy in taxation","value":"B"},{"text":"Law of diminishing returns","value":"C"},{"text":"Law of constant returns","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180683,"question":"Initial utility of a product is :","choices":[{"text":"Highest","value":"A"},{"text":"Lowest","value":"B"},{"text":"Conatant","value":"C"},{"text":"None of them","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180682,"question":"Law of diminishing marginal utility provides basis for:","choices":[{"text":"Law of demand","value":"A"},{"text":"Law of supply","value":"B"},{"text":"Laws of returns","value":"C"},{"text":"Law of variable proportions","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180681,"question":"Marginal utility of a product is the utility obtained by consuming.","choices":[{"text":"First unit of consummption","value":"A"},{"text":"Each additional unit of consumption","value":"B"},{"text":"Last unit of consumption","value":"C"},{"text":"None of the them","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180680,"question":"The maintain social status in life, a person requires.","choices":[{"text":"Bare necessities of life","value":"A"},{"text":"Comforts of life","value":"B"},{"text":"Luxuries of life","value":"C"},{"text":"All of them","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180679,"question":"The first law of consumption was presented by.","choices":[{"text":"Robert Malthus","value":"A"},{"text":"Loinel Robbins","value":"B"},{"text":"Alfred Marshall","value":"C"},{"text":"Pareto","value":"D"},{"value":"E"}],"correctAnswer":3}]