NCERT Mcqs Questions Class 12 Economics Chapter 2 With Easy PDF

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NCERT Class 12 Economics Chapter 2 MCQs Easy PDF, NCERT Mcqs Questions Class 12 Economics Chapter 2 With Easy PDF, NCERT Mcqs Questions Class 12 Economics Chapter 2


NCERT Mcqs Questions Class 12 Economics Chapter 2 With Easy PDF

Class12th 
Chapter NameTheory of Consumer Behaviour 
Chapter numberChapter 2
Part A
BoardCBSE
Book NCERT
SubjectEconomics
Medium English
Study MaterialsQuestion Answers & Notes
Download PDFClass 12 Economics Chapter 2 PDF

NCERT Mcqs Questions Class 12 Economics Chapter 2 1

NCERT Mcqs Questions Class 12 Economics Chapter 2 With Easy PDF


1. The indifference curve is upward sloping towards the origin if the consumer

(a) prefers extreme values ​​to averages

(b) prefers mean values ​​to extreme values

(c) prefers either extreme value or mean value (d) neither extreme value nor mean value

2. Consumer preferences can be represented by-

(a) through neutral map

(b) only by utility

(c) by both indifference map and utility

(d) neither by indifference map nor by utility

3. Generally the demand curve is-

(a) positive slope

(b) horizontal line parallel to x axis

(c) vertical line parallel to y-axis

(d) negative slope

4. The demand for a normal good decreases-

(a) Increase in the income of the consumer

(b) Consumer income remains the same

(c) either the income of the consumer increases or decreases

(d) reduction in the income of the consumer

5.The market demand curve at different prices of the commodity shows-

(a) a consumer demand

(b) the sum of the demands of all the consumers in the market

(c) Demand of one consumer and all the consumers in the market

(d) neither the demand of one consumer nor the demand of all consumers

6. The definition of elasticity of demand for a commodity is-

(a) Inverse of demand for the commodity

(b) sum of demand and price of the commodity

(c) Ratio of percentage change in demand of a commodity to percentage change in its price

(d) Price difference in demand of the commodity

7.The point of best satisfaction of the consumer is located at-

(a) At the point of intersection of budget line and indifference curve

(b) at the point of tangent of budget line and indifference curve

(c) either at the point of intersection of the budget line and the indifference curve or at the point of tangency

(d) Neither at the point of intersection nor at the point of tangent of the budget line and the indifferent curve

8. An indifference curve is-

(a) point path of all those bundles for which the consumer is indifferent

(b) the path of all the bundles for which the consumer assigns a preference order

(c) point path of bundles outside the budget line

(d) point path of bundles inside the budget line

9. Change in demand for apples due to increase in price

(a) contraction

(b) diffusion

(c) growth

(d) Low

10. Change in demand due to decrease in family income

(a) Low

(b) Growth

(c) diffusion

(d) contraction

11. Will there be a demand for cars if the price of petrol increases?

(a) will increase

(b) will decrease

(c) will remain constant

(d) any of the above is possible

12. If there is a large change in demand with no change in price or with little change in price, then the demand for that commodity will be-

(a) Perfectly elastic

(b) Completely inelastic

(c) elastic

(d) inelastic

13. If demand changes due to change in price, it is

(a) income elasticity

(b) price elasticity

(c) cross elasticity

(d) none of the above

14. If the change in demand of a commodity is in proportion to its price, then the demand for that commodity will be.

(a) elastic equal to unity

(b) Elastic less than unity

(c) Perfectly elastic

(d) completely inelastic

15. Growth in industries is an example of increase in demand for laborers.

(a) Income demand

(b) horizontal demand

(c) derived demand

(d) competitive demand


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