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English
Economics
History & Civics
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Question-1
Under perfect competition, the number of buyers would be _________________
(A)
Smaller
(B)
Very small
(C)
Large
(D)
None of these
Question-2
Kerala State Electricity Board (KSEB) in an example of _____________________
(A)
Monopolistic
(B)
Monopoly
(C)
Oligopoly
(D)
Perfect competition
Question-3
The number of sellers is an oligopoly market should be in the range of _________________
(A)
1
(B)
100
(C)
2-10
(D)
10-15
Question-4
Goods market is where _______________ sold.
(A)
Only good
(B)
Only services
(C)
Goods and services
(D)
None of these
Question-5
Industry refers to ________________
(A)
Single firm
(B)
Two firms
(C)
Group firms
(D)
None of these
Question-6
The shape of demand curve under monopolistic competition would be _________________
(A)
Downward sloping
(B)
Upward sloping
(C)
Horizontal
(D)
Vertical
Question-7
Lesser is the power of a producer is to influence the market price ________________ would be the nature of the market.
(A)
Highly competitive
(B)
Moderate competitive
(C)
Less competitive
(D)
None of these
Question-8
Monopolistic competitor sells the products by incurring __________________
(A)
Selling cost
(B)
Selling differentiated goods
(C)
Seasonal offer
(D)
All of these
Question-9
The intensity of competition in oligopoly is __________________
(A)
Low
(B)
Very low
(C)
Very high
(D)
No competition
Question-10
Any action by one firms leads to rival action by other happens in _________________ competition.
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competiton
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