Q.1
Which economist said that money is the measuring rod of utility?
  • A.C Pigou
  • Marshall
  • Adam Smith
  • Robbins
Q.2
Marginal utility is a ------ Concept.
  • Cardinal
  • Ordinal
  • Both
  • None
Q.3
On which approach, indifference curve analysis is based?
  • Cardinal approach.
  • Ordinal approach.
  • Cardinal and ordinal both.
  • None of the above.
Q.4
When the TU is maximum then MU is?
  • Zero
  • Negative
  • Both
  • None.
Q.5
When marginal utility from the consumption of a commodity is zero, then the:
  • Total utility is zero
  • Total utility is highest
  • Total utility is rising
  • Total utility is falling.
Q.6
Total utility starts decreasing when --------------.
  • Marginal utility becomes zero
  • Marginal utility is positive
  • Marginal utility becomes negative
  • None of these
Q.7
An indifference curve is always:
  • (a) Concave to the origin
  •  (b) Convex to the origin
  • (c) L – shaped
  • (d) A vertical straight line
0 h : 0 m : 1 s