| 1 |
A group of buyers and sellers that exchange a goods or services at a price are called |
- A. Market
- B. Commodity
- C. Place
- D. None of these
|
| 2 |
Common market of SAARC countries will be called: |
- A. International market
- B. National market
- C. Regional market
- D. None of the three
|
| 3 |
Extent of market mainly depends upon. |
- A. Availability of means of transport and communication
- B. Nature of supply
- C. Government restriction
- D. Perishable goods
|
| 4 |
The market of refrigerators in general is called: |
- A. Domestic market
- B. Local market
- C. International market
- D. National market
|
| 5 |
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
|
| 6 |
The major difference between perfect competition and monopolistic competition is |
- A. unity of frims
- B. differentiated product
- C. rate of profit
- D. free exit and entry
|
| 7 |
A short period market is the market of. |
- A. Perishable goods
- B. Durable goods
- C. Consumer goods
- D. Capital goods
|
| 8 |
Which is a condition for existence of monopoly |
- A. big size
- B. identical product
- C. absence of government taxes
- D. no close substitute
|
| 9 |
Different kinds of imperfect competition are. |
- A. Monopoly
- B. Monopolistic competition
- C. Oligopoly
- D. All the three
|
| 10 |
Which of the following markets comes closest to perfect market |
- A. wheat market
- B. cigarette market
- C. cold drinks market
- D. stock market
|
