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This online test contains MCQs about following topics:
. Market demand . Law of demand . Changes in demand . Supply . Law of supply . changes in supply . Equilibrium of demand and supply . Price determination under perfect competition
ICOM Part 1 Economics Ch 2 Test
ICOM Part 1 English Medium Subjects
ICOM Part 1 Urdu Medium Subjects
MCQ's Test For Chapter 2 "Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test"
Try The MCQ's Test For Chapter 2 "Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test"
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Total Questions15
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Time Allowed20
Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test
00:00
Question # 1
On which of the following law of diminishing marginal utility is applicable
Question # 2
Initial utility of a product is:
Question # 3
In mathematics, symbol for utility is used
Question # 4
Economist who presented the first law of consumption
Question # 5
According to law of diminishing marginal utility, Utility of every new (Additional) unit of commodity
Question # 6
Utility attained by the consumption of first unit of a commodity is called
Question # 7
Consumer goods are those goods which the consumers consume
Question # 8
Which economist stated that utility is not measurable
Question # 9
Objective of a rational consumer is
Question # 10
According to which economist, utility is measureable
Question # 11
Other name of law of equi marginal utility is
Question # 12
Feature of a commodity to satisfy human want, is called
Question # 13
When total utility is decreasing, marginal utility is
Question # 14
The decreasing part of TU curve shows:
Question # 15
When marginal utility is positive, total utility
11th Principle of Economics Chapter 2 Test
Here you can prepare 11th Principle of Economics English Medium Chapter 2 Consumer's Demand Theory Test. Click the button for 100% free full practice test.
Top Scorers Of Chapter 2 "Principles of Economics Icom Part 1 English Medium Chapter 2 Online Test" MCQ`s Test
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Z Zeeshan Haider 01 - Jul - 2024 00 Min 58 Sec 14/15 -
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A Abeeha aslam 07 - Jun - 2024 02 Min 08 Sec 12/15
ICom Part 1 Principles of Economics ( English Medium) Chapter 2 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | Utility attained by all the units of a commodity consumed |
A. Positive utility
B. Negative utility
C. Total utility
D. Marginal utility
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| 2 | TU is maximum where MU of all goods is: |
A. Minimum
B. Maximum
C. Negative
D. Equal
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| 3 | Which of the following stated that utility is measurable |
A. Marshall
B. Adam Smith
C. Robbins
D. Keynes
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| 4 | One of the following is non economic want: |
A. Car
B. Bike
C. Fan
D. Self respect
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| 5 | Capital goods are those which can satisfy human wants: |
A. Directly
B. Indirectly
C. Proportionate
D. None of these
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| 6 | Marginal utility curve moves |
A. From left to right downward
B. From left to right upward
C. Parallel to ox axis
D. Parallel to oy axis
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| 7 | Who said that utility cannot be measured |
A. Adam smith
B. Marshall
C. Keynes
D. Hicks
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| 8 | When marginal utility is positive, total utility |
A. Goes on decreasing
B. Goes on increasing
C. Does not change
D. Is zero
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| 9 | Consumer's equilibrium takes place at that point where: |
A. MU is negative
B. MU is positve
C. TU is maximum
D. MU is maximum
|
| 10 | Marginal utility always: |
A. Decreases
B. Increases
C. Zero
D. Negative
|
Test Questions
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