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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
How many kinds of market?
Question # 2
The market of cars is.
Question # 3
The supply curve of day to day market is.
Question # 4
Which of the following is NOTa characteristic of perfect competition?
Question # 5
A monopolist is always interested and obtains.
Question # 6
Product differentiation is a pre-condition of:
Question # 7
In case of monopoly
Question # 8
In case of perfect competition in the market
Question # 9
The concept of perfect competition was introduced by.
Question # 10
Malaysia enjoys monopoly on rubber, but which kind of monopoluit is.
Question # 11
The market of refrigerators in general is called:
Question # 12
The extent of market depends upon
Question # 13
In the business world
Question # 14
Which is a condition for existence of monopoly
Question # 15
Buyers and sellers under perfect competition are.
Question # 16
Different prices are charged from different customers of the same product. This is called.
Question # 17
Which one of the following is a day to day market.
Question # 18
Stock exchange is market where we can buy:
Question # 19
The kind of market is undesirable
Question # 20
A firm under perfect competition is
ICS Part 1 Economics Chapter 12 MCQs Test
Top Scorers Of Chapter 12 "Economics Ics Part 1 English Medium Chapter 12 Online Test" MCQ`s Test
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H hamza abid 11 - Aug - 2021 10 Min 50 Sec 20/20 -
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ICS Part 1 Economics Chapter 12 Important MCQ's
| Sr.# | Question | Answer |
|---|---|---|
| 1 | The market of cars is. |
A. International market
B. Regional market
C. Local market
D. Domestic market
|
| 2 | Which one of the following is a day to day market. |
A. The market of perishable goods
B. The market of refrigerators
C. The market of stationary
D. None of the three
|
| 3 | How many kinds of market? |
A. 4
B. 5
C. 6
D. 7
|
| 4 | 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
|
| 5 | How many types of markets according to time |
A. 3
B. 4
C. 5
D. 6
|
| 6 | Extent of market mainly depends upon. |
A. Availability of means of transport and communication
B. Nature of supply
C. Government restriction
D. Perishable goods
|
| 7 | In case of perfect competition in the market |
A. marginal revenue curve always slopes upward
B. marginal revenue curve always slopes downward
C. marginal revenue is always equal to average revenue
D. marginal revenue is always less than to average revenue
|
| 8 | Normal price is a price which prevails |
A. In day to day market
B. In domestic market
C. In the long run market
D. In a foreign market
|
| 9 | Marginal revenue is always less than price at all levels of output in |
A. perfect competition
B. monopoly
C. both A and B
D. none of the above
|
| 10 | How many types of markets according to location |
A. 4
B. 5
C. 6
D. 7
|
Test Questions
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