[{"id":148110,"question":"The elasticity of demand of durable goods is","choices":[{"text":"More than unity","value":"A"},{"text":"Equal to unity","value":"B"},{"text":"Less than unity","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148109,"question":"Consumer goods are those goods which are used by a man:","choices":[{"text":"Directly","value":"A"},{"text":"Off and On","value":"B"},{"text":"Indirectly","value":"C"},{"text":"Never","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":148108,"question":"According to law of diminishing marginal utility, the marginal utility:","choices":[{"text":"Increases","value":"A"},{"text":"Remains constant","value":"B"},{"text":"Diminshes","value":"C"},{"text":"Negative","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148107,"question":"The quality of a good which satisfies a human want is called as:","choices":[{"text":"Service","value":"A"},{"text":"Cost","value":"B"},{"text":"Utility","value":"C"},{"text":"None","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":148106,"question":"Which economist presented the Cardinal Theory of Utility:","choices":[{"text":"Marshall","value":"A"},{"text":"Canon","value":"B"},{"text":"Kroose","value":"C"},{"text":"J.B. Say","value":"D"},{"value":"E"}],"correctAnswer":1}]