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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 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

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

J

Jahangeer

Lahore09 - Nov - 2021

18/20
03 Mins 32 Sec
J

Jiya Rani

Lahore29 - Nov - 2021

17/20
03 Mins 51 Sec
A

Aynain Ayan

Lahore23 - Nov - 2021

16/20
08 Mins 09 Sec
P

Priyanshu Rana

Lahore06 - Dec - 2021

15/20
03 Mins 42 Sec
P

Pritam

Lahore15 - Dec - 2021

15/20
13 Mins 59 Sec
S

Stuti Shukla

Lahore22 - Nov - 2021

14/20
02 Mins 40 Sec
L

Lalita Yadav

Lahore26 - Nov - 2021

13/20
02 Mins 52 Sec
S

Seema RANI

Lahore28 - Nov - 2021

13/20
03 Mins 10 Sec
U

Ujjawal Gupta

Lahore23 - Nov - 2021

13/20
07 Mins 08 Sec
J

Jahangeer

Lahore09 - Nov - 2021

13/20
07 Mins 08 Sec
M

Misbah Wazir Ali

Lahore11 - Dec - 2021

12/20
04 Mins 33 Sec
P

Prerna Sahu

Lahore13 - Dec - 2021

12/20
08 Mins 11 Sec
P

Priyanshu Rana

Lahore06 - Dec - 2021

11/20
02 Mins 57 Sec
B

Bushra Rahman

Lahore16 - Dec - 2021

11/20
05 Mins 27 Sec
S

Sìd Røck

Lahore18 - Nov - 2021

11/20
06 Mins 57 Sec

Share your comments questions here
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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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