NCERT Class 11 Economics MCQ Chapter 10 Theory of Consumer Behaviour Solutions to each chapter is provided in the list so that you can easily browse through different chapters NCERT Class 11 Economics MCQ Chapter 10 Theory of Consumer Behaviour Question Answer and select need one. NCERT Class 11 Economics MCQ Chapter 10 Theory of Consumer Behaviour Solutions Download PDF. NCERT Class 11 Introductory Microeconomics Multiple Choice Solutions.
NCERT Class 11 Economics MCQ Chapter 10 Theory of Consumer Behaviour
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. NCERT Class 11 Economics Objective Type Solutions are part of All Subject Solutions. Here we have given CBSE Class 11 Economics Multiple Choice Question and Answer, HS First Year Economics MCQ Solutions for All Chapters, You can practice these here.
Theory of Consumer Behaviour
Chapter: 10
PART – (B) INTRODUCTORY MICROECONOMICS
MCQ
1. Utility is measured in terms of:
(a) Gram.
(b) Centimetre.
(c) Seconds.
(d) Utils.
Ans: (d) Utils.
2. Which of the following statements regarding utility is not true?
(a) It is purely a subjective entity.
(b) It is a satisfying power of a commodity.
(c) It helps consumers to make choices.
(d) Utility is always measurable.
Ans: (d) Utility is always measurable.
3. Total utility curve:
(a) Always rises.
(b) First falls and then rises.
(c) Always falls.
(d) First rises at an increasing rate, then rises at a decreasing rate and falls after reaching its maximum.
Ans: (d) First rises at an increasing rate, then rises at a decreasing rate and falls after reaching its maximum.
4. MU of a commodity becomes negative when TU of that commodity is:
(a) Rising.
(b) Constant.
(c) Falling.
(d) Zero.
Ans: (c) Falling.
5. Which of the following utility approaches is based on the theory of Alfred Marshall?
(a) Independent variable approach.
(b) Ordinal utility approach.
(c) Cardinal utility approach.
(d) None of these.
Ans: (c) Cardinal utility approach.
6. As long as MU is positive, TU:
(a) Remains constant.
(b) Increases.
(c) Falls.
(d) All of these.
Ans: (b) Increases.
7. Saturation point means:
(a) TU is rising, and MU is falling.
(b) TU is falling and MU is negative.
(c) TU is maximum and MU is zero.
(d) Falling MU curve.
Ans: (c) TU is maximum and MU is zero.
8. The equation of budget line is:
(a) P₁x₁ + P₂x₂ = M
(b) P₁x₁+ P₂x₂ ≤ M
(c) P₁x₁ + P₂x₂ ≥ M
(d) None of these.
Ans: (a) P₁x₁ + P₂x₂ = M
9. The slope of budget line is:
(a) Marginal opportunity cost.
(b) Marginal rate of substitution.
(c) Market rate of exchange.
(d) None of these.
Ans: (c) Market rate of exchange.
10. Diminishing MRS means:
(a) A consumer wants to give up lesser units of good Y in exchange for good X.
(b) A consumer wants to give up more units of good Y in exchange for good X.
(c) A consumer wants to give up the same units of good Y in exchange for good X.
(d) None of the above.
Ans: (a) A consumer wants to give up lesser units of good Y in exchange for good X.
11. ____________ shows various combi-nations of two goods that give the same amount of satisfaction to the consumer.
(a) Indifference curve.
(b) Marginal utility curve.
(c) Isocost curve.
(d) Isoquant.
Ans: (a) Indifference curve.
12. A movement along a given indifference curve is known as:
(a) Price effect.
(b) Substitution effect.
(c) Income effect.
(d) None of the above.
Ans: (b) Substitution effect.
13. Higher Indifference curve means:
(a) Consumers have more income.
(b) Prices of goods have reduced.
(c) Higher utility level.
(d) All of the above.
Ans: (c) Higher utility level.
14. A straight downward sloping indifference curve means:
(a) MRS is constant.
(b) MRS is increasing.
(c) MRS is decreasing.
(d) MRS is zero.
Ans: (a) MRS is constant.
15. If Marginal Rate of Substitution is constant throughout, the Indifference curve will be:
(a) Parallel to the x-axis.
(b) Downward sloping concave.
(c) Downward sloping convex.
(d) Downward sloping straight line.
Ans: (d) Downward sloping straight line.
Hi! my Name is Parimal Roy. I have completed my Bachelor’s degree in Philosophy (B.A.) from Silapathar General College. Currently, I am working as an HR Manager at Dev Library. It is a website that provides study materials for students from Class 3 to 12, including SCERT and NCERT notes. It also offers resources for BA, B.Com, B.Sc, and Computer Science, along with postgraduate notes. Besides study materials, the website has novels, eBooks, health and finance articles, biographies, quotes, and more.
