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Free Online MCQ Questions of Class – 11 Microeconomics Chapter 4 – Consumer’s Equilibrium (Indifference Curve Analysis)

Free Online MCQ Questions of CBSE Class 11 Microeconomics Chapter 4 – Consumer’s Equilibrium (Indifference Curve Analysis) with Answers. Free Online MCQ Questions for Class 11 Microeconomics with Answers was Prepared Based on Latest Exam Pattern. Students can solve NCERT Class 11 Microeconomics Consumer’s Equilibrium (Indifference Curve Analysis) Current Multiple Choice Questions with Answers to know their preparation level on Success Roar Classes Website itself.

Here you will find a series of Free MCQ on Consumer’s Equilibrium (Indifference Curve Analysis) for Class 11th. This article consists of MCQ related to the topic “Consumer’s Equilibrium (Indifference Curve Analysis)”.

Free Online MCQ Questions of Class -11 Microeconomics

Chapter 4 – Consumer’s Equilibrium (Indifference Curve Analysis) with Answers

  1. Which one is not an assumption of the theory of demand based on analysis of indifference curves?
    1. Given scale of preferences as between different combinations of two goods.
    2. Diminishing marginal rate of substitution.
    3. Constant marginal utility of money.
    4. Consumers would always prefer more of a particular good to less of it, other things remaining the same.
  2. The consumer is in equilibrium at a point where the budget line:
    1. is above an indifference curve
    2. is below an indifference curve
    3. is tangent to an indifference curve
    4. cuts an indifference curve
  3. Indifference curve is downward slopping-
    1. always
    2. sometimes
    3. never
    4. none of these
  4. When two goods are perfect substitutes of each other then
    1. MRS is falling
    2. MRS is rising
    3. MRS is constant
    4. None of the above
  5. The indifference curve approach assumes-
    1. Rationality
    2. Consistency
    3. Transitivity
    4. All of the above
  6. A buyer’s willingness to pay is that buyer’s:
    1. minimum amount they are willing to pay for a good.
    2. producer surplus
    3. consumer surplus
    4. maximum amount they are willing to pay for a good.
  7. At equilibrium the slope of the indifference curve is –
    1. Equal to the slope of budget line
    2. Greater than the slope of budget line
    3. Smaller than the slope of budget line
    4. None
  8. The other name of Budget Line is –
    1. Demand Line
    2. Price Line
    3. Supply Line
    4. None of the above
  9. Indifference curve approach assumes
    1. consumer has full knowledge of all relevant information.
    2. all commodities are homogeneous and divisible.
    3. prices of commodities remain the same throughout the analysis
    4. all of the above
  10. In the case of two perfect substitutes, the indifference curve will be:
    1. straight line
    2. L-shaped
    3. U-shaped
    4. C-shaped

MCQ Questions of CBSE Class 11 Microeconomics Chapter 4 – Consumer’s Equilibrium (Indifference Curve Analysis)

Answer Key

1 (c)2 (c) 3 (a)4 (c)5 (d)
6 (d)7 (a)8 (b)9 (d)10 (a)

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