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.

Note:-

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.
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Test Instructions:-
Test NameLecturer Economics 
SubjectEconomics Test 48
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100
0%

You have 20 minutes to pass to the quiz.

You have 20 minutes to pass to the quiz.


Lecturer Economics Online Test No. 48

1 / 25

Demand curve slopes downward because of the law of:

2 / 25

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

3 / 25

Law of substitution is another name for law of.

4 / 25

This is an assumption of law of demand.

5 / 25

Utility and usefulness are.

6 / 25

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

7 / 25

Indifference curves are convex to the origin because:

8 / 25

Utility is most closely related to the term.

9 / 25

Law of Equi-marginal Utility is a law of:

10 / 25

MU curve:

11 / 25

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

12 / 25

When MU is positive, TU:

13 / 25

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

14 / 25

Diminishing marginal utility is the basis of:

15 / 25

Normally a demand curve will have the shape.

16 / 25

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

17 / 25

Law of demand shows relation between:

18 / 25

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

19 / 25

When MU = 0, TU is:

20 / 25

Equilibrium is explained by.

21 / 25

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

22 / 25

A consumer's spending is restricted because of:

23 / 25

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

24 / 25

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

25 / 25

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

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