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

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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

ICS Part 1 Economics Chapter 2 Test

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Economics Ics Part 1 English Medium Chapter 2 Online Test

Try the Economics Ics Part 1 English Medium Chapter 2 Online Test.

  • Total Questions20

  • Time Allowed30

Economics Ics Part 1 English Medium Chapter 2 Online Test

00:00
Question # 1

Human wants are

Question # 2

One of the following will not be the income of a person.

Question # 3

The value of a product depends upon.

Question # 4

The goods used to produce income or wealth are.,

Question # 5

When marginal is negative, it must be true that

Question # 6

The price of an non-economic good is:

Question # 7

Economic wants.

Question # 8

Utility and usefulness are

Question # 9

The utility of durable consumer goods.

Question # 10

Food, Shelter and clothing are:

Question # 11

Shopkeepers are also producers because in goods, they produce.

Question # 12

If a person consumes goods X and Y maximises total utility, then MU per rupee from the two goods must be

Question # 13

Diminishing marginal utility is the basis of

Question # 14

In economics, one or more persons sharing common consumer budget is called

Question # 15

A consumer's spending is restricted because of

Question # 16

The quality of commodity that satisfies some human want or need is called

Question # 17

Equilibrium of consumer is explained by

Question # 18

If a consumer moves upward along an indifference curve, his total utility

Question # 19

The number of goods and services which one unit of a product can command in exchange for it is its.

Question # 20

A product which has value price in the market has.

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ICS Part 1 Economics Chapter 2 MCQs Test

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