| 1 |
Which of the following markets comes closest to perfect market |
- A. wheat market
- B. cigarette market
- C. cold drinks market
- D. stock market
|
| 2 |
The concept of perfect competition was introduced by. |
- A. Adam Smith
- B. Alfred Marshall
- C. Keynes
- D. Malthus
|
| 3 |
How many types of markets according to time |
|
| 4 |
Common market of SAARC countries will be called: |
- A. International market
- B. National market
- C. Regional market
- D. None of the three
|
| 5 |
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
|
| 6 |
The extent of market depends upon |
- A. Means of transport and communication
- B. Political instability
- C. Economics instability
- D. Trade restriction
|
| 7 |
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
|
| 8 |
When marginal revenue is zero, total revenue is |
- A. maximum
- B. minimum
- C. zero
- D. decreasing
|
| 9 |
A monopolist is always interested and obtains. |
- A. Normal profit
- B. Subnormal profit
- C. Continues production even at loss
- D. Super normal profit
|
| 10 |
Product differentiation is a pre-condition of: |
- A. Perfect competition
- B. Imperfect compitition
- C. Monopoly
- D. Oligopoly
|
