CBSE Class 11 Theory of Consumer Behaviour Multiple Choice Questions with Answers. MCQ Questions Class 11 Theory of Consumer Behaviour with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Theory of Consumer Behaviour with Answers to know their preparation level.
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MCQ Questions Class 11 Theory of Consumer Behaviour with Answers - Set - 2
Question 1:
Consumer’s equilibrium takes at a point where:
(a) MU = Price
(b) MU < Price
(c) MU > Price
(d) None of these
Correct Answer – (A)
Question 2:
Who propounded the ordinal utility theory’ ?
(a) Marshall
(b) Pigou
(c) Hicks and Allen
(d) Ricardo
Correct Answer – (C)
Question 3:
Indifference curve slopes:
(a) From right to left
(b) From left to right
(c) Both (a) and (b)
(d) None of these
Correct Answer – (B)
Question 4:
Utility can be measured by:
(a) Money
(b) Exchange of goods
(c) Weight of the good
(d) None of these
Correct Answer – (A)
Question 5:
Slope of budget line or price line is:
(a) –Px/Py
(b) –Py/Px
(c) +Px/Py
(d) +Py/Px
Correct Answer – (A)
MCQ Questions Class 11 Theory of Consumer Behaviour With Answers
Question 6:
The propounder of law of diminishing marginal utility is:
(a) Gossen
(b) Adam smith
(c) Chapman
(d) Hicks
Correct Answer – (A)
Question 7:
The addition of utilities obtained from all units of a goods is called :
(a) Marginal Utility
(b) Total Utility
(c) Maximum Satisfaction
(d) Additional Utility
Correct Answer – (B)
Question 8:
Law of Equi-marginal utility is called:
(a) Law of increasing utility
(b) Law of diminishing utility
(c) Law of substitution
(d) None of these
Correct Answer – (C)
Question 9:
Utility is related to:
(a) Usefulness
(b) Morality
(c) Satisfaction of human wants
(d) All the above
Correct Answer – (D)
Question 10:
The ability of satisfying human want in a goods is called its:
(a) Productivity
(b) Satisfaction
(c) Utility
(d) Profitability
