GK-Economics MCQ Questions and Answers
General Knowledge GK Economics MCQ Questions with Answers cover key economic terms and concepts. Common in SSC, UPSC, and Banking exams, these questions improve understanding of financial systems and Indian economic policies
GK-Economics MCQ
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33 questions
31. Which of the following is the second law of Gossen ?
- Law of equi-marginal utility
- Law of equi-product
- Theory of indifference curve
- Law of diminishing marginal utility
32. Total utility of a commodity is measured by which price of that commodity ?
- Value in use
- Value in exchange
- Both of above
- None of above
33. According to Marshall, the basis of consumer surplus is-
- Law of diminishing marginal utility
- Law of equi-marginal utility
- Law of proportions
- All of the above