[{"id":106693,"question":"Profit = ?","choices":[{"text":"TR - TC","value":"A"},{"text":"TR - MC","value":"B"},{"text":"TC - MC","value":"C"},{"text":"TR + TC","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106692,"question":"An economic unit, which is independent to take decisions regarding the production and sale of goods are called","choices":[{"text":"Firm","value":"A"},{"text":"Organization","value":"B"},{"text":"Both a and b","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106691,"question":"Perfect competition is a situation of market, where there are very large number of firms selling the same commodity are called","choices":[{"text":"Revenue curve under perfect competition","value":"A"},{"text":"Monopoly curve","value":"B"},{"text":"Total revenue curve","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106690,"question":"How many types of markets according to location","choices":[{"text":"4","value":"A"},{"text":"5","value":"B"},{"text":"6","value":"C"},{"text":"7","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106689,"question":"How many types of markets according to time","choices":[{"text":"3","value":"A"},{"text":"4","value":"B"},{"text":"5","value":"C"},{"text":"6","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106688,"question":"A group of buyers and sellers that exchange a goods or services at a price are called","choices":[{"text":"Market","value":"A"},{"text":"Commodity","value":"B"},{"text":"Place","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106687,"question":"A mechanism, or arrangement, which brings together buyers together buyers and sellers of particular goods or services are called","choices":[{"text":"Market","value":"A"},{"text":"Revenue curve","value":"B"},{"text":"Contact","value":"C"},{"text":"None of 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book","choices":[{"text":"7","value":"A"},{"text":"8","value":"B"},{"text":"9","value":"C"},{"text":"10","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106682,"question":"How many types of organization","choices":[{"text":"5","value":"A"},{"text":"6","value":"B"},{"text":"7","value":"C"},{"text":"8","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106681,"question":"How many functions of capital","choices":[{"text":"6","value":"A"},{"text":"5","value":"B"},{"text":"4","value":"C"},{"text":"7","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106680,"question":"How many various forms of capital","choices":[{"text":"7","value":"A"},{"text":"8","value":"B"},{"text":"9","value":"C"},{"text":"10","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106679,"question":"Consists of all kinds of wealth, other than free gifts of nature, which yield income are called","choices":[{"text":"Capital","value":"A"},{"text":"Productivity of capital","value":"B"},{"text":"Both a and 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called","choices":[{"text":"Supply","value":"A"},{"text":"Demand","value":"B"},{"text":"Stock","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106675,"question":"The quantities of a commodity offered for sale at different prices during a given period of time are called","choices":[{"text":"Supply","value":"A"},{"text":"Demand","value":"B"},{"text":"Stock","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":106674,"question":"Other things remaining the same, quantity supplied of a commodity increases with rise in price and decreases with fall in price are called","choices":[{"text":"Law of Supply","value":"A"},{"text":"Law of Demand","value":"B"},{"text":"Law of equilibrium","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1}]