Economics Ics Part 1 English Medium Chapter 12 Online Test

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"

  • Total Questions20

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Economics Ics Part 1 English Medium Chapter 12 Online Test

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Question # 1

The kind of market is undesirable

Question # 2

How many types of markets according to location

Question # 3

A firm under perfect competition is

Question # 4

How many kinds of market?

Question # 5

Under perfect competition MR and AR curves

Question # 6

The market of cars is.

Question # 7

A monopolist is always interested and obtains.

Question # 8

In the business world

Question # 9

Stock exchange is market where we can buy:

Question # 10

Normal price is a price which prevails

Question # 11

When marginal revenue is zero, total revenue is

Question # 12

How many types of markets according to time

Question # 13

Which one of the following is a day to day market.

Question # 14

Different kinds of imperfect competition are.

Question # 15

Which of the following is one of the assumptions of perfect competition.

Question # 16

The extent of market depends upon

Question # 17

A monopoly market can be controlled by.

Question # 18

Extent of market mainly depends upon.

Question # 19

A short period market is the market of.

Question # 20

Which is NOTtrue

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ICS Part 1 Economics Chapter 12 Important MCQ's

Sr.# Question Answer
1 In case of monopoly
A. marginal revenue curve always slopes upward
B. total revenue curve always slopes upward
C. marginal revenue is always equal to average revenue
D. marginal revenue is always less than average revenue
2 The kind of market is undesirable
A. general market
B. specialized market
C. local market
D. monopoly market
3 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
4 A mechanism, or arrangement, which brings together buyers together buyers and sellers of particular goods or services are called
A. Market
B. Revenue curve
C. Contact
D. None of these
5 How many types of markets according to time
A. 3
B. 4
C. 5
D. 6
6 The market of cars is.
A. International market
B. Regional market
C. Local market
D. Domestic market
7 How many kinds of market?
A. 4
B. 5
C. 6
D. 7
8 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
9 Which of the following markets comes closest to perfect market
A. wheat market
B. cigarette market
C. cold drinks market
D. stock market
10 A monopolist is always interested and obtains.
A. Normal profit
B. Subnormal profit
C. Continues production even at loss
D. Super normal profit

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