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2nd Chapter

ICS Part 1 Economics Chapter 2 MCQs Test

First Year Economics Chapter 2 Online MCQ Test for 1st Year Economics Chapter 2 (Consumer Behaviour)

This online test contains MCQs about following topics:

Utility ,Relationshipsof marginal and Total utility ,Scarcity ,Value and Price ,Income ,Goods and Sevice ,Wealth ,Law of Diminshing Utility ,Law of Equi Marginal Utility ,Formula for Consumers Equilibrium

First Year Economics Chapter 2 Online MCQ Test for 1st Year Economics Chapter 2 (Consumer Behaviour)

Sr. # Questions Answers Choice
1 Utility of a product depends upon
  • A. Knowledge
  • B. Ownership
  • C. Form
  • D. All of them
2 Economic wants.
  • A. Can unlimited
  • B. Capital goods
  • C. Social goods
  • D. Public goods
3 When marginal is negative, it must be true that
  • A. the average is negative
  • B. the average is decreasing
  • C. the total is negative
  • D. the total is decreasing
4 Utility and usefulness are
  • A. equal
  • B. different
  • C. opposite
  • D. unrelated
5 the term marginal in economics means
  • A. unimportant
  • B. additional
  • C. the minimum unit
  • D. just barely passing
6 <strike>P</strike>ower of a product which can satisfy human want is.
  • A. Utility
  • B. Total utility
  • C. Average utility
  • D. Marginal utility
7 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
8 Food, Shelter and clothing are:
  • A. Necessities
  • B. Comfort
  • C. Luxuries.
  • D. None of three
9 Indifference curves are convex to the origin because
  • A. two goods are perfect substitutes
  • B. two goods are imperfect substitutes
  • C. two goods are perfect complementary goods
  • D. goods area jointly demanded
10 Diminishing marginal utility is the basis of
  • A. law of supply
  • B. law of demand
  • C. laws of returns
  • D. none of the above

Top Scorers of Economics Ics Part 1 English Medium Chapter 2 Online Test

L

Laiba Hafeez

Lahore13 - Jun - 2022

18/20
06 Mins 43 Sec
H

Hamza Abid

Abbottabad15 - May - 2022

18/20
10 Mins 50 Sec
M

Moheen Ul Haq

Lahore03 - Aug - 2022

16/20
04 Mins 14 Sec
L

Laiba Hafeez

Lahore13 - Jun - 2022

16/20
04 Mins 54 Sec
T

Threem

Lahore02 - Aug - 2022

15/20
05 Mins 27 Sec
H

Hanif Wazir

Lahore30 - May - 2022

15/20
05 Mins 39 Sec
K

Kato C

Lahore27 - May - 2022

14/20
10 Mins 17 Sec
M

Mohammad Akhlaq

Lahore30 - Jul - 2022

13/20
05 Mins 34 Sec
M

Maria Habib

Lahore15 - May - 2022

10/20
04 Mins 15 Sec
H

Hamza Abid

Abbottabad21 - Jul - 2022

10/20
10 Mins 50 Sec
H

Hamza Abid

Abbottabad22 - Jul - 2022

10/20
10 Mins 50 Sec

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  • N

    Niha

    14 Dec 2016

    some of the MCQS are written in urdu which are difficult to understand,,please change them all in English ..i will be very thankful ...

    Like (1)
    Reply
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