Consumption Analysis Model Question Paper

11th Standard

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Economics

Time : 02:00:00 Hrs
Total Marks : 60
    6 x 1 = 6
  1. Pick the odd one out

    (a)

    Luxuries

    (b)

    Comforts

    (c)

    Necessaries

    (d)

    Agricultural goods

  2. The concept of consumer's surplus is associated with

    (a)

    Adam Smith

    (b)

    Marshall

    (c)

    Robbins

    (d)

    Ricardo

  3. The concept of elasticity of demand was intorduced by

    (a)

    Ferguson

    (b)

    Keynes

    (c)

    Adam Smith

    (d)

    Marshall

  4. The Indifference curve analysis was presented by _____

    (a)

    Alfred Marshall

    (b)

    J.R. Hicks

    (c)

    A.C. Pigon

    (d)

    J.K. Easthan

  5. Indifference curve was first invented by

    (a)

    Hicks

    (b)

    Allen

    (c)

    Keynes

    (d)

    Edgeworth

  6. The indifference curve are

    (a)

    vertical

    (b)

    horizontal

    (c)

    positive sloped

    (d)

    negative

  7. 9 x 2 = 18
  8. Define utility.

  9. Name the basic approaches to consumer behaviour.

  10. Write the formula of consumers surplus?

  11. What are Giffen goods? Why?

  12. Define budget line.

  13. What are the degrees of price elasticity of demand?

  14. What is consumption?

  15. Explain Law of Demand?

  16. Define Price line?

  17. 7 x 3 = 21
  18. Describe the feature of human wants

  19. Explain the concept of consumer's equilibrium with a diagram.

  20. Explain the theory of "Consumer's surplus"

  21. Distinguish between extension and contraction of demand.

  22. Distinguish between total and marginal utility.

  23. Explain the theory of "consumer's surplus".

  24. Explain ordinal utility approach.

  25. 3 x 5 = 15
  26. Explain the law of demand and its exceptions.

  27. Explain the law of Equi - marginal utility

  28. Explain the indifference curve approach?

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