[{"id":236422,"question":"When demand increases due to change in other factors it is known as:","choices":[{"text":"Contraction in demand","value":"A"},{"text":"Expansion and contraction in demand","value":"B"},{"text":"Expansion in demand","value":"C"},{"text":"Rise in demand","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236421,"question":"In case of fall in demand, demand curve shifts:","choices":[{"text":"Left side","value":"A"},{"text":"Right side","value":"B"},{"text":"Downward","value":"C"},{"text":"Both (a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236420,"question":"In case of rise in demand, demand curve shifts:","choices":[{"text":"Right side","value":"A"},{"text":"Downward","value":"B"},{"text":"Upward","value":"C"},{"text":"(a) and (c)","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236419,"question":"Movement on the same demand curve is called:","choices":[{"text":"Increase is demand","value":"A"},{"text":"Rise and fall in demand","value":"B"},{"text":"Decrease in demand","value":"C"},{"text":"Expansions and contraction in demand","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236418,"question":"Demand for Giffen goods is:","choices":[{"text":"Negative","value":"A"},{"text":"Vertical","value":"B"},{"text":"Positive","value":"C"},{"text":"All of them","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236417,"question":"Some inferior goods having expensive substitutes are known as:","choices":[{"text":"Economic goods","value":"A"},{"text":"Giffen goods","value":"B"},{"text":"Non-economic goods","value":"C"},{"text":"Free goods","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":236416,"question":"Price and demand has a relationship:","choices":[{"text":"Negative","value":"A"},{"text":"Positive","value":"B"},{"text":"Functional","value":"C"},{"text":"Both a & c","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236415,"question":"Desire + Purchasing power is equal to:","choices":[{"text":"Demand","value":"A"},{"text":"Supply","value":"B"},{"text":"Income","value":"C"},{"text":"Utility","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":236414,"question":"The term demand in economics means:","choices":[{"text":"Desire","value":"A"},{"text":"Purchasing","value":"B"},{"text":"Need","value":"C"},{"text":"Both (a) and (b)","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236413,"question":"The price of non-economic want is always:","choices":[{"text":"Very high","value":"A"},{"text":"Very Low","value":"B"},{"text":"Negative","value":"C"},{"text":"Zero","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236412,"question":"Who said that utility cannot be measured","choices":[{"text":"Adam smith","value":"A"},{"text":"Marshall","value":"B"},{"text":"Keynes","value":"C"},{"text":"Hicks","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236411,"question":"One of the following is non economic want:","choices":[{"text":"Car","value":"A"},{"text":"Bike","value":"B"},{"text":"Fan","value":"C"},{"text":"Self respect","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236410,"question":"Consumer's equilibrium takes place at that point where:","choices":[{"text":"MU is negative","value":"A"},{"text":"MU is positve","value":"B"},{"text":"TU is maximum","value":"C"},{"text":"MU is maximum","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":236409,"question":"TU is maximum where MU of all goods is:","choices":[{"text":"Minimum","value":"A"},{"text":"Maximum","value":"B"},{"text":"Negative","value":"C"},{"text":"Equal","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":236408,"question":"Law of equi-marginal utility is also known as:","choices":[{"text":"Total utility maximizing law","value":"A"},{"text":"Law of substitution","value":"B"},{"text":"Law of indifference","value":"C"},{"text":"All of them","value":"D"},{"value":"E"}],"correctAnswer":4}]