| 1 |
The goods used to produce income or wealth are., |
- A. Consumer goods
- B. Manufactured goods
- C. Merit goods
- D. Capital goods
|
| 2 |
Shopkeepers are also producers because in goods, they produce. |
- A. Form utility
- B. Time utility
- C. Use utility
- D. Place utility
|
| 3 |
Only those goods are priced in the market which have: |
- A. Utility
- B. Sacrcity
- C. Transferability
- D. All of the above
|
| 4 |
In economics, one or more persons sharing common consumer budget is called |
- A. social group
- B. consumer union
- C. organisation
- D. household
|
| 5 |
If a person consumes goods X and Y maximises total utility, then MU per rupee from the two goods must be |
- A. equal
- B. unequal
- C. increasing
- D. decreasing
|
| 6 |
The value of a product depends upon. |
- A. The number of dollars
- B. The numbers of dollars which can be given in exchange for it
- C. The current exchange rate.
- D. None of them
|
| 7 |
Economic wants. |
- A. Can unlimited
- B. Capital goods
- C. Social goods
- D. Public goods
|
| 8 |
One of the following will not be the income of a person. |
- A. Wages
- B. Profit
- C. Sccholarship
- D. Salary
|
| 9 |
If a consumer moves upward along an indifference curve, his total utility |
- A. falls to zero
- B. does not change
- C. increases
- D. decreases
|
| 10 |
A consumer's spending is restricted because of |
- A. marginal utility
- B. budget constraint
- C. demand curve
- D. unlimited wants
|
