[{"id":180996,"question":"The extent of market depends upon","choices":[{"text":"Means of transport and communication","value":"A"},{"text":"Political instability","value":"B"},{"text":"Economics instability","value":"C"},{"text":"Trade restriction","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180994,"question":"The supply curve of day to day market is.","choices":[{"text":"Touching the horizontal axis","value":"A"},{"text":"Touching the vertical axis","value":"B"},{"text":"Perfactly elastic","value":"C"},{"text":"Perfactly inelastic","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180987,"question":"Which one of the following is a day to day market.","choices":[{"text":"The market of perishable goods","value":"A"},{"text":"The market of refrigerators","value":"B"},{"text":"The market of stationary","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180985,"question":"Stock exchange is market where we can buy:","choices":[{"text":"Shares","value":"A"},{"text":"Foreign exchange","value":"B"},{"text":"Factors of production","value":"C"},{"text":"Consumer goods","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180984,"question":"Common market of SAARC countries will be called:","choices":[{"text":"International market","value":"A"},{"text":"National market","value":"B"},{"text":"Regional market","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180982,"question":"Malaysia enjoys monopoly on rubber, but which kind of monopoluit is.","choices":[{"text":"Natural monopoly","value":"A"},{"text":"Social monopoly","value":"B"},{"text":"Legal monopoly","value":"C"},{"text":"Implied monopoly","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180980,"question":"Product differentiation is a pre-condition of:","choices":[{"text":"Perfect competition","value":"A"},{"text":"Imperfect compitition","value":"B"},{"text":"Monopoly","value":"C"},{"text":"Oligopoly","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180978,"question":"The market of refrigerators in general is called:","choices":[{"text":"Domestic market","value":"A"},{"text":"Local market","value":"B"},{"text":"International market","value":"C"},{"text":"National market","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180977,"question":"Market is an area where :","choices":[{"text":"Products are sold","value":"A"},{"text":"Buyers and sellers come in contact with each other","value":"B"},{"text":"Price flactuates","value":"C"},{"text":"Price remain constant","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180970,"question":"When total product rises marginal product.","choices":[{"text":"Remains the same","value":"A"},{"text":"Falls","value":"B"},{"text":"Also rises","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180968,"question":"When average product falls marginal product","choices":[{"text":"Rises","value":"A"},{"text":"Also falls","value":"B"},{"text":"Remain equal to average product","value":"C"},{"text":"Does not change","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180967,"question":"Which one is the third stage of production under law of variable proportions","choices":[{"text":"Decreasing average returns","value":"A"},{"text":"Increasing average return","value":"B"},{"text":"Negative marginal return","value":"C"},{"text":"Increasing marginal return","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":180966,"question":"The law of variable proportions was presented by.","choices":[{"text":"Jevens","value":"A"},{"text":"Rayon","value":"B"},{"text":"Hicks","value":"C"},{"text":"Valentine","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180965,"question":"The concept of internal and external economics was given by.","choices":[{"text":"Adam Smith","value":"A"},{"text":"Robbins","value":"B"},{"text":"J.M.Keynes","value":"C"},{"text":"Alfred Marshall","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":180964,"question":"When business expands beyond its optimum level what type of economics will it be getting.","choices":[{"text":"Diseconomies","value":"A"},{"text":"Internal economies","value":"B"},{"text":"External economies","value":"C"},{"text":"Maanagerial economics","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180949,"question":"The law of increasing returns is also known as:","choices":[{"text":"Law of increasing cost","value":"A"},{"text":"Law of diminishing cost","value":"B"},{"text":"Law of constant cost","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180946,"question":"When MP curve cuts AP curve, the AP is at its.","choices":[{"text":"Lowest point","value":"A"},{"text":"Highest point","value":"B"},{"text":"Neither of the two","value":"C"},{"text":"Eighter of the two","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":180943,"question":"An important factor which promotes large scale production is:","choices":[{"text":"Extant of market","value":"A"},{"text":"Revolutionary changes in social life","value":"B"},{"text":"Culture and civilization","value":"C"},{"text":"All the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180928,"question":"Law of diminishing returns is a universal law as:","choices":[{"text":"It does apply in all aspects of an economy.","value":"A"},{"text":"Basically it applies in agriculture.","value":"B"},{"text":"It is hard to check it.","value":"C"},{"text":"It applies in industry as well","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":180927,"question":"The law of variable proportions was presented by.","choices":[{"text":"David Ricords","value":"A"},{"text":"Alfred Marshall","value":"B"},{"text":"W.J.L. Ryan","value":"C"},{"text":"Pareto","value":"D"},{"value":"E"}],"correctAnswer":3}]