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English
Economics
History & Civics
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Question-1
_______________ are neither fully competitive nor fully monopolistic.
(A)
Monopolistic competition
(B)
Oligopoly
(C)
a and b
(D)
Perfect competition
Question-2
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-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
Market needs to exist in some geographical place. This statement is
(A)
Absolutely true
(B)
Absolutely false
(C)
Only partially correct
(D)
Available information is incomplete
Question-5
________________ is a major feature of monopolistic competition.
(A)
Heterogeneous products
(B)
Selling cost
(C)
Production of complementary goods
(D)
All of these
Question-6
Inter firm competition is highest in __________________
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competition
Question-7
Monopolistic products are ___________________
(A)
Differentiated
(B)
Heterogeneous
(C)
Are complementary
(D)
None of these
Question-8
Markets are classified on the basis of ___________________
(A)
Competitiveness
(B)
Number of players
(C)
Power to influence prices
(D)
All of these
Question-9
The realistic models of market are _________________
(A)
Monopoly
(B)
Oligopoly
(C)
Monopolistic competiton
(D)
All of these
Question-10
Free entry and exist are the main features of _______________ markets.
(A)
Monopolistic competition
(B)
Perfect competition
(C)
a and b
(D)
Oligopoly
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