UGC NET Consumer theory Previous Year Questions
JRFSmart holds 29 previous-year questions on Consumer theory from UGC NET Commerce (Paper 2), filed under Unit 3: Business Economics, drawn from 18 of the 22 exam papers in the bank (2018–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Consumer theory
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Giffen goods | 3 |
| Assumptions of consumer rationality | 2 |
| Characteristics of consumer rationality | 2 |
| Income and substitution effects | 2 |
| Properties of the indifference curve | 2 |
| Indifference curves | 1 |
| Cardinal utility assumptions | 1 |
| Assumptions of cardinal utility | 1 |
| Consumer equilibrium - ordinal approach | 1 |
| Why indifference curves slope downward | 1 |
| Snob effect | 1 |
| Utility maximisation and a price change | 1 |
NTA repeat analysis
Consumer theory appears in 18 of 22 papers (82%), which JRFSmart rates as high frequency.
Sample previous-year questions
Match the LIST-I with LIST-II LIST I | LIST II A. Higher Indifference Curve | I. Higher Satisfaction B. Converse Indifference Curve | II. Diminishing Marginal Rate of Substitution C. Price Line | III. Same satisfaction on the curve D. Indifference Curve |…
Which of the followings are the properties of Indifference Curve ? A. Indifference curve slopes downward to right B. Indifference curve is concave to origin C. Indifference curve is convex to origin D. Indifference curves cannot intersect each other but can…
Which of the followings is not valid for ordinal school of consumer preferences ?
Match List - I with List - II. LIST I | LIST II A. Income effect | I. A table showing the different total quantities of a good that consumers are willing and able to buy at various prices over a given period of time. B. Substitution effect | II. A table…
Assumptions of the law of diminishing marginal utility includes: A. Rationality B. Suitable units C. Cardinal utility D. Commodity satisfying different wants E. Introspection Choose the correct answer from the options given below:
Which one of the following is not a basic property of Indifference curve?
When the negative income effect overwhelms the positive substitution effects so much that the demand curve is positively sloped, the commodity in consumption is described as:
Consumer rationality implies which of the following assumptions? A. Non-satiety of needs B. Transitivity of preferences C. Cardinal measurement D. Selfish economic motive E. Ordinal measurement Choose the correct answer from the options given below: Codes
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