Economics Ics Part 1 English Medium Chapter 2 Online Test

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  • Available questions37
  • Chapter Name2

Economics Ics Part 1 English Medium Chapter 2 Online Test

  • Total Questions20

  • Time Allowed30

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Economics Ics Part 1 English Medium Chapter 2 Online Test

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Question # 1

A consumer in equilibrium when marginal utilities are

Question # 2

Law of substitution is another name for

Question # 3

The price of an non-economic good is:

Question # 4

Indifference curves are convex to the origin because

Question # 5

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

Question # 6

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

Question # 7

The utility of durable consumer goods.

Question # 8

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

Question # 9

The goods used to produce income or wealth are.,

Question # 10

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

Question # 11

Diminishing marginal utility is the basis of

Question # 12

Rotten eggs are

Question # 13

the term marginal in economics means

Question # 14

Equilibrium of consumer is explained by

Question # 15

When MU=0, TU is

Question # 16

The value of a product depends upon.

Question # 17

MU curve

Question # 18

General price level and real income of the people are correlated with each other

Question # 19

Only those goods are priced in the market which have:

Question # 20

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

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