CBSE  /  Class 11  /  Economics  /  Theory of Consumer Behaviour

  • 1. 
    The ability of satisfying human want in a goods is called its:

  • Productivity
  • Satisfaction
  • Utility
  • Profitability

  • 2. 
    Slope of budget line or price line is:

  • –\(\frac{P_x}{P_y}\)
  • –\(\frac{P_y}{P_x}\)
  • +\(\frac{P_x}{P_y}\)
  • +\(\frac{P_y}{P_x}\)

  • 3. 
    Utility is related to:

  • Usefulness
  • Morality
  • Satisfaction of human wants
  • All the above

  • 4. 
    Utility can be measured by:

  • Money
  • Exchange of goods
  • Weight of the good
  • None of these

  • 5. 
    Law of Equi-marginal utility is called:

  • Law of increasing utility
  • Law of diminishing utility
  • Law of substitution
  • None of these

  • 6. 
    Indifference curve slopes:

  • From right to left
  • From left to right
  • Both (a) and (b)
  • None of these

  • 7. 
    The addition of utilities obtained from all units of a goods is called :

  • Marginal Utility
  • Total Utility
  • Maximum Satisfaction
  • Additional Utility

  • 8. 
    Who propounded the ordinal utility theory’ ?

  • Marshall
  • Pigou
  • Hicks and Allen
  • Ricardo

  • 9. 
    The propounder of law of diminishing marginal utility is:

  • Gossen
  • Adam smith
  • Chapman
  • Hicks

  • 10. 
    Consumer’s equilibrium takes at a point where:

  • MU = Price
  • MU < Price
  • MU > Price
  • None of these
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