CBSE  /  Class 11  /  Economics  /  Theory of Consumer Behaviour

  • 1. 
    The capability of a commodity to satisfy human wants is:

  • Consumption
  • Utility
  • Quality
  • Taste

  • 2. 
    For the maximum satisfaction of consumer:

  • Marginal utility of a good should be equal to its price.
  • Marginal utility of a good should be greater than its price.
  • There is no relation between marginal utility and price.
  • None of these

  • 3. 
    When marginal utility is negative, then total utility:

  • is maximum
  • Starts decreasing
  • increases at decreasing rate
  • None of these

  • 4. 
    According to the law of equi-marginal utility, the condition for consumer’s equilibrium is:

  • \(\frac{MU_A}{P_A}\)
  • \(\frac{MU_B}{P_B}\)
  • Both (a) and (b)
  • Undefined

  • 5. 
    According to Marshall, utility of a commodity:

  • Can be measured by money
  • Cannot be measured by money
  • Both (a) and (b)

  • 6. 
    Which element is essential for demand ?

  • Desire to consume
  • Availability of adequate resources
  • Willingness to consume
  • All of these

  • 7. 
    Demand Curve generally slopes:

  • Upward from left to right
  • Downward from left to right
  • Parallel to X-axis
  • Parallel to Y-axis

  • 8. 
    In which goods, price fall does not make any increase in demand ?

  • Necessities Goods
  • Comfort Goods
  • Luxuries Goods
  • None of these

  • 9. 
    Which of the following factor affects demand ?

  • Price
  • Change in income
  • Taste of the Consumer
  • All of these

  • 10. 
    Goods, which can alternatively be used, are called:

  • Complementary Goods
  • Substitutes
  • Comforts
  • None of these
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