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12th Chapter

ICS Part 1 Economics Chapter 12 MCQs Test

First Year Economics Chapter 12 Online MCQ Test for 1st Year Economics Chapter 12 (Market and Revenue Analysis)

This online test contains MCQs about following topics:

Kind of markets . Perfect and imperfect market . Perfect competition . Monopolu . Revenue curves

First Year Economics Chapter 12 Online MCQ Test for 1st Year Economics Chapter 12 (Market and Revenue Analysis)

Sr. # Questions Answers Choice
1 The supply curve of day to day market is.
  • A. Touching the horizontal axis
  • B. Touching the vertical axis
  • C. Perfactly elastic
  • D. Perfactly inelastic
2 Which of the following markets comes closest to perfect market
  • A. wheat market
  • B. cigarette market
  • C. cold drinks market
  • D. stock market
3 Different kinds of imperfect competition are.
  • A. Monopoly
  • B. Monopolistic competition
  • C. Oligopoly
  • D. All the three
4 Which of the following is one of the assumptions of perfect competition.
  • A. few buyers and few sellers
  • B. many buyers and few sellers
  • C. many buyers and many sellers
  • D. all sellers and buyers are honest
5 Stock exchange is market where we can buy:
  • A. Shares
  • B. Foreign exchange
  • C. Factors of production
  • D. Consumer goods
6 The kind of market is undesirable
  • A. general market
  • B. specialized market
  • C. local market
  • D. monopoly market
7 How many types of markets according to time
  • A. 3
  • B. 4
  • C. 5
  • D. 6
8 The market of refrigerators in general is called:
  • A. Domestic market
  • B. Local market
  • C. International market
  • D. National market
9 Which is a condition for existence of monopoly
  • A. big size
  • B. identical product
  • C. absence of government taxes
  • D. no close substitute
10 Common market of SAARC countries will be called:
  • A. International market
  • B. National market
  • C. Regional market
  • D. None of the three

Top Scorers of Economics Ics Part 1 English Medium Chapter 12 Online Test

H

Half_ Angel

Lahore09 - Feb - 2024

13/20
03 Mins 24 Sec

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