SPSC Most Important Lecturer Commerce Online Test No. 66

Leave a Comment / By Hassan / April 28, 2022

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of Lecturer Commerce, 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.
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.

Please Click Below START Button to Take this Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 66
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 66

1 / 25

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

25% change in total revenue.

No change in quantity demanded.

1% decrease in quantity demanded.

25% decrease in quantity demanded

2 / 25

Law of Equi-marginal Utility is a law of:

Production of wealth

Consumption of wealth

Distribution of wealth

Exchange of wealth

3 / 25

When MU = 0, TU is:

Minimum

Maximum

Increasing

Decreasing

4 / 25

This is an assumption of law of demand.

Price of the commodity should not change.

Quantity should not change.

Supply should not change.

Income of consumer should not change

5 / 25

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

Inelastic

Unit elastic

Elastic

Perfectly inelastic

6 / 25

Utility is most closely related to the term.

Useful

Necessary

Useless

Satisfaction

7 / 25

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

A necessity

A luxury

Has little importance in total budget.

None of the above.

8 / 25

Demand curve slopes downward because of the law of:

Consumer equilibrium

Utility maximization

Utility minimization

Diminishing marginal utility

9 / 25

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

10%

30%

1/3

10 / 25

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

Equal

Unequal

Increasing

Decreasing

11 / 25

Normally a demand curve will have the shape.

Horizontal

Vertical

Downward sloping

Upward sloping

12 / 25

Diminishing marginal utility is the basis of:

Law of supply

Law of demand

Laws of returns

None of the above

13 / 25

MU curve:

Rises left to right

Positive utility

Falls left to right

Is always horizontal

14 / 25

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

Change in income

Change in price

Change in fashion

Change in prices of substitutes.

15 / 25

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

'Service'

Demand

Utility

Efficiency

16 / 25

Utility and usefulness are.

Equal

Different

Similar

Unrelated

17 / 25

Law of demand shows relation between:

Income and price of commodity.

Price and quantity of commodity

Income and quantity demanded.

Quantity demanded and quantity supplied.

18 / 25

Equilibrium is explained by.

Negative utility

Positive utility

Marginal utility

Profit

19 / 25

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

Larger

Smaller

Zero

Unity

20 / 25

A consumer's spending is restricted because of:

Marginal utility

Budget constraint

Demand curve

Utility maximization

21 / 25

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

First increases then decrease.

Does not change

Increases

Decreases

22 / 25

Indifference curves are convex to the origin because:

Two goods are perfect substitutes

Two goods are imperfect substitutes

Two goods are perfect complementary goods

None of the above

23 / 25

Law of substitution is another name for law of.

Law of diminishing MU

Law of equi-MU

Law of demand

Satisfaction

24 / 25

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

A decrease in total revenue.

An increase in total revenue

No change in total revenue

A decrease in quantity demanded.

25 / 25

When MU is positive, TU:

Increases

Similar

Different

Unrelated

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