PPSC FPSC Lecturer Economics Online Test 19 Solved MCQs

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 NameLecturer Economics 
SubjectEconomics Test 19
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.


1 / 25

Ordinal Approach to consumer behavior is also known as:

2 / 25

Consumer equilibrium in law of equi marginal utility of cardinal approach of consumer behaviour

3 / 25

IC stands for:

4 / 25

f MUx/Px > MUy/Py, the consumer will:

5 / 25

Ordinal Approach to consumer behavior is presented by ..............economist

6 / 25

Marginal rate of substitution is defined as:

7 / 25

Sir Jhon Richard Hicks was a ........................... economist:

8 / 25

Marginal utility is defined as:

9 / 25

In cardinal Approach, Leon Walras had derived consumer demand curve for goods X from

10 / 25

According to neo-classicals utility can be:

11 / 25

In cardinal Approach, Alfred Marshal had derived consumer demand curve from goods X from

12 / 25

When total utility increases at decreasing rate, Marginal Utility

13 / 25

What is law of equi marginl utility?

14 / 25

When price falls, marginal utility of money:

15 / 25

Cardinal Approach theory measures the utility:

16 / 25

Who introduced the concept of IC for the first time in 1881:

17 / 25

When total utility falls, Marginal utility becomes:

18 / 25

IC shows different combinations of two goods that yield:

19 / 25

Ordinal approach to consumer behavior implies that, utility cannot be measured:

20 / 25

The convex IC shows the .................... marginal rate of substitution:

21 / 25

What is law of diminishing marginal utility?

22 / 25

The slope of IC is called:

23 / 25

If MUx/Px < MUy/Py, the consumer will:

24 / 25

If MUx/Px = MUy/Py, the consumer will:

25 / 25

Total utility increases at ....................................rate:

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