CBSE  /  Class 11  /  Economics  /  Theory of Consumer Behaviour

  • 1. 
    Who gave the cardinal concept of utility?

  • Marshall
  • Pigou
  • Hicks
  • Samuelson

  • 2. 
    Consumer’s behaviour is studied in:

  • Micro Economics
  • Macro Economics
  • Income Analysis
  • None of these

  • 3. 
    Which of the following statement is true ?

  • Utility means want-satisfying power
  • Utility is a function of intensity of desire
  • Desire of consumption gives birth to utility
  • All of these

  • 4. 
    Which is the First Law of Gossen?

  • Law of Demand
  • Law of Diminishing Marginal Utility
  • Law of Equi-marginal Utility
  • Consumer’s Surplus

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

  • Utility is a psychological phenomenon
  • Utility is subjective
  • Utility is a relative concept
  • All of these

  • 6. 
    How we calculate marginal utility ?

  • ∆TU/∆Q
  • ∆MU/∆Q
  • ∆Q/∆TU
  • ∆Q/∆MU

  • 7. 
    When TU becomes maximum, MU is:

  • Positive
  • Negative
  • Zero
  • None of these

  • 8. 
    Which of the following is true ?

  • TU increases till MU is positive
  • TU is maximum when MU is equal to zero
  • TU declines when MU is negative
  • All of these

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

  • Marshall
  • Gossen
  • Ricardo
  • J. S. Mill

  • 10. 
    In difference curve is:

  • Convex to the origin
  • Concave to the origin
  • Both (a) and (b) true
  • All of these false
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