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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
Different prices are charged from different customers of the same product. This is called.
Question # 2
Under perfect competition MR and AR curves
Question # 3
Which of the following markets comes closest to perfect market
Question # 4
Marginal revenue is always less than price at all levels of output in
Question # 5
Different kinds of imperfect competition are.
Question # 6
The kind of market is undesirable
Question # 7
The market of cars is.
Question # 8
In the business world
Question # 9
Which is NOTtrue
Question # 10
Market is an area where :
Question # 11
A mechanism, or arrangement, which brings together buyers together buyers and sellers of particular goods or services are called
Question # 12
How many types of markets according to location
Question # 13
The market of refrigerators in general is called:
Question # 14
When marginal revenue is zero, total revenue is
Question # 15
A firm under perfect competition is
Question # 16
A monopoly market can be controlled by.
Question # 17
In case of monopoly
Question # 18
Which is a condition for existence of monopoly
Question # 19
A short period market is the market of.
Question # 20
Stock exchange is market where we can buy:
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 | Perfect competition is a situation of market, where there are very large number of firms selling the same commodity are called |
A. Revenue curve under perfect competition
B. Monopoly curve
C. Total revenue curve
D. None of these
|
| 2 | Market is an area where : |
A. Products are sold
B. Buyers and sellers come in contact with each other
C. Price flactuates
D. Price remain constant
|
| 3 | A monopolist is always interested and obtains. |
A. Normal profit
B. Subnormal profit
C. Continues production even at loss
D. Super normal profit
|
| 4 | Common market of SAARC countries will be called: |
A. International market
B. National market
C. Regional market
D. None of the three
|
| 5 | 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
|
| 6 | The market of cars is. |
A. International market
B. Regional market
C. Local market
D. Domestic market
|
| 7 | Malaysia enjoys monopoly on rubber, but which kind of monopoluit is. |
A. Natural monopoly
B. Social monopoly
C. Legal monopoly
D. Implied monopoly
|
| 8 | Stock exchange is market where we can buy: |
A. Shares
B. Foreign exchange
C. Factors of production
D. Consumer goods
|
| 9 | 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
|
| 10 | Different prices are charged from different customers of the same product. This is called. |
A. Short run price
B. Price instability
C. Price discrimination
D. Long run price
|
Test Questions
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