ICSE Class 12 Economics Chapter 2 MCQ 5 — Theory of Consumer Behaviour

Multiple choice question (MCQ) for ICSE Class 12 Economics Chapter 2 (Theory of Consumer Behaviour). Practice with answer and detailed explanation.

❓ Question

What is Theory of Consumer Behaviour? Explain its significance with examples.

A) Theory of Consumer Behaviour is directly proportional to the applied force
B) Theory of Consumer Behaviour remains constant under all conditions
C) Theory of Consumer Behaviour varies according to the fundamental principle ✓ Correct Answer
D) None of the above statements about Theory of Consumer Behaviour are correct

📖 Explanation

The correct answer is C because Theory of Consumer Behaviour follows the fundamental principle that governs its behavior under given conditions. Understanding this concept is crucial for solving related problems in this chapter.

📚 About This Chapter

This chapter covers Theory of Consumer Behaviour in Class 12 Economics. Students learn fundamental concepts and applications essential for academic success.

This MCQ tests your understanding of Theory of Consumer Behaviour. Practice more MCQs to strengthen your grasp of key concepts and prepare effectively for ICSE board exams.

Practice 100+ MCQs on Theory of Consumer Behaviour with instant AI feedback — try Stride free →

Try Stride Free →
MCQ 1
Theory of Consumer Behaviour
MCQ 2
Theory of Consumer Behaviour
MCQ 3
Theory of Consumer Behaviour
MCQ 4
Theory of Consumer Behaviour
MCQ 5
Current

Master footer with Stride's AI Tutor

Personal AI teacher, unlimited practice, voice + whiteboard explanations. Free trial — no credit card.

Start Learning Free →