Lecturer Economics Important MCQs online Test No. 48

Given below on this Website Online Free Taleem is free online MCQ’s test related to PPSC of Lecturer Economics. All the individuals who are going to appear in PPSC Lecturer of Economics written test can attempt these tests in order to prepare for it in best possible way. Our tests include all the important questions MCQs of Lecturer of PPSC Economics, all Past Papers of Lecturer of Economics PPSC  that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

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Test Instructions:-
Test Name Lecturer Economics 
Subject Economics Test 48
Test Type MCQs
Total Questions 25
Total Time 20 Minutes
Total Marks 100

You have 20 minutes to pass to the quiz.

Lecturer Economics Online Test No. 48

1 / 25

Diminishing marginal utility is the basis of:

2 / 25

Indifference curves are convex to the origin because:

3 / 25

Other things equal, if a good has more substitutes, its price elasticity of demand is.

4 / 25

If demand is unitary elastic, a 255 increase in price will result in.

5 / 25

Equilibrium is explained by.

6 / 25

Quality of a commodity that satisfies some human want or need is called.

7 / 25

A consumer's spending is restricted because of:

8 / 25

Demand curve slopes downward because of the law of:

9 / 25

Law of demand shows relation between:

10 / 25

If a person consumes goods X and Y and maximizes total utility, then MU per rupee from the two goods must be.

11 / 25

Price of a product falls by 10% and its demand rises by 30%. The elasticity of demand is.

12 / 25

MU curve:

13 / 25

If a consumer moves upward along an indifference curve, his total utility.

14 / 25

If elasticity of demand is very low it shows that the commodity is.

15 / 25

Law of Equi-marginal Utility is a law of:

16 / 25

Utility and usefulness are.

17 / 25

Utility is most closely related to the term.

18 / 25

Normally a demand curve will have the shape.

19 / 25

This is an assumption of law of demand.

20 / 25

When demand is perfectly inelastic, an increase in price will result in.

21 / 25

When MU is positive, TU:

22 / 25

The following are causes of shift in demand EXCEPT the one.

23 / 25

When MU = 0, TU is:

24 / 25

Law of substitution is another name for law of.

25 / 25

If quantity demanded is completely unresponsive to changes in price, demand is:

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