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

ICS Part 1 Economics Chapter 2 Test

Start Chapter 2 Test

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

Sr. # Questions Answers Choice
1 When MU is positive, TU
  • A. increases
  • B. decreases
  • C. remains constant
  • D. is maximum
2 Goods which can satisfy human wants are.
  • A. Consumer goods
  • B. Capital goods
  • C. Social goods
  • D. Public goods
3 A consumer's spending is restricted because of
  • A. marginal utility
  • B. budget constraint
  • C. demand curve
  • D. unlimited wants
4 The utility of durable consumer goods.
  • A. Diminishes with the passage of time
  • B. Perishes, if not used
  • C. Can be obtained constantly
  • D. None of the three
5 General price level and real income of the people are correlated with each other
  • A. Negatively
  • B. Positovely
  • C. Normally
  • D. Sub normally
6 Rotten eggs are
  • A. free good
  • B. economic good
  • C. service
  • D. wealth
7 In economics, one or more persons sharing common consumer budget is called
  • A. social group
  • B. consumer union
  • C. organisation
  • D. household
8 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
9 One of the following will not be the income of a person.
  • A. Wages
  • B. Profit
  • C. Sccholarship
  • D. Salary
10 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

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

M

M. Saleh

Lahore06 - Apr - 2025

17/20
05 Mins 20 Sec
A

Ajmal Khan

Lahore11 - Apr - 2025

15/20
04 Mins 19 Sec
S

Sarah Asher

Lahore15 - Mar - 2025

14/20
03 Mins 16 Sec
A

Avengers King

Lahore02 - Mar - 2025

12/20
02 Mins 24 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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