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This online test contains MCQs about following topics:
Kind of markets . Perfect and imperfect market . Perfect competition . Monopolu . Revenue curves
MCQ's Test For Chapter 12 "Economics Ics Part 1 English Medium Chapter 12 Online Test"
Try The MCQ's Test For Chapter 12 "Economics Ics Part 1 English Medium Chapter 12 Online Test"
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Total Questions20
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Time Allowed30
Economics Ics Part 1 English Medium Chapter 12 Online Test
00:00
Question # 1
Which of the following markets comes closest to perfect market
Question # 2
Buyers and sellers under perfect competition are.
Question # 3
Normal price is a price which prevails
Question # 4
In case of monopoly
Question # 5
How many kinds of market?
Question # 6
A monopoly market can be controlled by.
Question # 7
The kind of market is undesirable
Question # 8
Which is NOTtrue
Question # 9
How many types of markets according to time
Question # 10
Market is an area where :
Question # 11
The market of refrigerators in general is called:
Question # 12
Marginal revenue is always less than price at all levels of output in
Question # 13
In case of perfect competition in the market
Question # 14
A mechanism, or arrangement, which brings together buyers together buyers and sellers of particular goods or services are called
Question # 15
Which of the following is one of the assumptions of perfect competition.
Question # 16
Common market of SAARC countries will be called:
Question # 17
Product differentiation is a pre-condition of:
Question # 18
The concept of perfect competition was introduced by.
Question # 19
A group of buyers and sellers that exchange a goods or services at a price are called
Question # 20
When marginal revenue is zero, total revenue is
ICS Part 1 Economics Chapter 12 MCQs Test
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Test Questions