Theory of Consumer Behaviour | Chapter 2 | Class 11 | Social Science | Economics

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In this test paper, we will practice our learning of Theory of Consumer Behaviour | Chapter 2 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Theory of Consumer Behaviour | Chapter 2 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. Who gave the cardinal concept of utility?

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2. Consumer’s behaviour is studied in:

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3. Which of the following statement is true ?

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4. Which is the First Law of Gossen?

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5. Which of the following is a characteristic of utility ?

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6. How we calculate marginal utility ?

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7. When TU becomes maximum, MU is:

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8. Which of the following is true ?

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9. Who basically propounded the concept of Law of Equimarginal Utility ?

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10. In difference curve is:

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11. The ability of satisfying human want in a goods is called its:

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12. Slope of budget line or price line is:

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13. Utility is related to:

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14. Utility can be measured by:

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15. Law of Equi-marginal utility is called:

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16. Indifference curve slopes:

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17. The addition of utilities obtained from all units of a goods is called :

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18. Who propounded the ordinal utility theory’ ?

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19. The propounder of law of diminishing marginal utility is:

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20. Consumer’s equilibrium takes at a point where:

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21. The capability of a commodity to satisfy human wants is:

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22. For the maximum satisfaction of consumer:

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23. When marginal utility is negative, then total utility:

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24. According to the law of equi-marginal utility, the condition for consumer’s equilibrium is:

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25. According to Marshall, utility of a commodity:

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26. Which element is essential for demand ?

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27. Demand Curve generally slopes:

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28. In which goods, price fall does not make any increase in demand ?

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29. Which of the following factor affects demand ?

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30. Goods, which can alternatively be used, are called:

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31. Law of Demand is a:

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32. Which of the following is a demand function ?

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33. When change in the price of goods-X affects the demand of goods-Y, this demand is called:

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34. For normal goods, Law of Demand states the relationship between price and quantity of goods:

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35. Which of the following is a reason for fall in demand ?

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36. With rise in coffee price, the demand of tea:

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37. Contraction in demand appears when:

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38. Which is a reason of change in demand ?

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39. For a change in which of the following, there is no change in demand ?

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40. With a rise in price the demand for ‘Giffin’ goods:

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41. Hie slope of the demand Curve of a normal goods is:

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42. With an increase in income consumer decreases the consumption of which goods ?

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43. Elasticity of demand is a:

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44. For Giffin goods, price elasticity of demand is :

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45. Which of the following shows elasticity less than one ?

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46. With which method, elasticity of demand is measured ?

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47. Who propounded the percentage or proportionate method of measuring elasticity of demand ?

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48. Which of the following factor affects elasticity of demand ?

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49. How many types elasticity of uemand has ?

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50. Elasticity of demand for necessities is :

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51. Price elasticity of demand means :

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52. The elasticity of demand at the mid-point of a straight line demand curve:

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53. If the demand for a good changes by 60% due to 40% change in price, the elasticity of demand is :

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54. For luxury goods the demand is:

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55. Any statement about demand for a good is considered complete only when the following is/are mentioned in:

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56. Consumer is in equilibrium when:

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57. Marshall has given the law of Equimarginal utility related:

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58. How many tremendous curves can touch the budget line:

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59. Indifference curves were first introduced by the English economist in 1881 by:

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60. Any statement about the demand of an object is considered complete when it is mentioned in the following:

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61. If price of goods ‘X’ falls leading to increase in demand of goods ‘ Y’ then both the goods are:

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62. According to total outlay method, the demand of a good is sinelastic when:

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