Theory of Consumer Behaviour MCQ Questions for Class 11 Ecomonics Chapter 2 with Answers

We have completed the NCERT/CBSE chapter-wise Multiple Choice Questions for Class 11 Ecomonics book Chapter 2 Theory of Consumer Behaviour with Answers by expert subject teacher for latest syllabus and examination. You can Prepare effectively for the exam taking the help of the Class 11 Ecomonics Objective Questions PDF free of cost from here. Students can take a free test of the Multiple Choice Questions of Theory of Consumer Behaviour. Each Questions has four options followed by the right answer. Download the Ecomonics Quiz Questions with Answers for Class 11 free Pdf and prepare to exam and help students understand the concept very well.

MCQ Questions for Class 11 Ecomonics with Answers: Introductory Microeconomics

Q1. Indifference curves never intersect each other due to:

(i) Different levels of satisfaction
(ii) Same levels of satisfaction
(iii) Convex to origin
(iv) Concave to origin

(i) Different levels of satisfaction

Q2. Indifference curves between income and leisure for an individual are generally:

(i) Concave to the origin
(ii) Convex to the origin
(iii) Negatively sloped straight lines
(iv) Positively sloped straight lines

(iv) Positively sloped straight lines

Q3. The law of equi marginal utility considers price of money as:

(i) zero
(ii) less than one
(iii) more than one
(iv) one

(iv) one

Q4. Marginal utility curve of a consumer is also his:

(i) Indifference curve
(ii) Total utility curve
(iii) Supply curve
(iv) Demand curve

(iv) Demand curve

Q5. Total utility is maximum when :

(i) Marginal utility is maximum
(ii) Marginal utility is Zero
(iii) Average utility is maximum
(iv) Average utility is Zero

(ii) Marginal utility is Zero

Q6. According to total outlay method, the demand of a good is sinelastic when:

(i) Price will fall with the increase in amount spent
(ii) When price of good decreases and money spent decreases
(iii) Expenditure remains the same, even if price falls
(iv) Expenditure decreases with the increase in price.

(ii) When price of good decreases and money spent decreases

Q7. Any statement about the demand of an object is considered complete when it is mentioned in the following:

(i) Price of good
(ii) Demand of good
(iii) Time period
(iv) All of the above.

(iv) All of the above.

Q8. How many tremendous curves can touch the budget line:

(i) One
(ii) Two
(iii) Several
(iv) Depends on the basis of indifference maps.

(i) One

Q9. In case of a right angled indifference curve the goods are:

(i) Perfect complements
(ii) Prefect substitutes
(iii) Inferior goods
(iv) Giffen good

(i) Perfect complements

Q10. Marginal utility approach was given by:

(i) J.R. hicks
(ii) Alfred Marshall
(iii) Robbins
(iv) A.C. Pigou

(ii) Alfred Marshall

Q11. At equilibrium, the slope of the indifference curve is:

(i) Equal to the slope of budget line
(ii) Greater than the slope of budget line
(iii) Smaller than the slope of budget line
(iv) None

(i) Equal to the slope of budget line

Q12. An indifference curve is always :

(i) Concave to the origin
(ii) Convex to the origin
(iii) L-shaped
(iv) A vertical straight line

(ii) Convex to the origin

Q13. –shows various combinations of two products that give same amount of satisfaction:

(i) ISO cost curve
(ii) Indifference curve
(iii) Marginal utility curve
(iv) ISO quant

(ii) Indifference curve

Q14. Marshall has given the law of Equimarginal utility related:

(i) Related to goods
(ii) Related to money
(iii) In relation to both
(iv) None of these.

(i) Related to goods

Q15. Indifference curves were first introduced by the English economist in 1881 by:

(i) Edge worth
(ii) Pareto
(iii) Myers
(iv) Hicks.

(i) Edge worth

Q16. If price of goods ‘X’ falls leading to increase in demand of goods ‘ Y’ then both the goods are:

(i) Substitute goods
(ii) Complementary goods
(iii) Not related
(iv) Competitor.

(ii) Complementary goods

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