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English
Economics
History & Civics
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Question-1
Monopoly products _______________ close substitutes.
(A)
Have substitutes
(B)
Do not have sunstitutes
(C)
Are complementary
(D)
None of these
Question-2
Exit of the firms due to loss leads to _________________
(A)
Decreases total production
(B)
Decreases in number of firms
(C)
Employement falls down
(D)
All of these
Question-3
The power of a seller to influence the market depends on ________________
(A)
Total supply
(B)
Total demand
(C)
Total consumption
(D)
All of these
Question-4
On the basis of _______________ the market can be classified into monopoly, oligopoly and monopolistic competition.
(A)
Producers
(B)
Consumers
(C)
Customers
(D)
None of these
Question-5
Price maker firms exist under ________________ competition.
(A)
Monopolistic competition
(B)
Perfect competition
(C)
Monopoly
(D)
Oligopoly
Question-6
________________ is a major feature of monopolistic competition.
(A)
Heterogeneous products
(B)
Selling cost
(C)
Production of complementary goods
(D)
All of these
Question-7
The shape of demand curve under monopoly would be ________________
(A)
Downward sloping
(B)
Upward sloping
(C)
Horizontal
(D)
Vertical
Question-8
Any action by one firms leads to rival action by other happens in _________________ competition.
(A)
Monopoly
(B)
Oligopoly
(C)
Perfect competition
(D)
Monopolistic competiton
Question-9
Under monopolistic competition, the number of buyers would be ______________
(A)
Smaller
(B)
Very small
(C)
Large
(D)
None of these
Question-10
If the existing firms makes losses ________________
(A)
Attract new firms
(B)
Number of firms remains same
(C)
Firms leave the industry
(D)
None of these
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Plus 2 Humanities
ICSE/ISC
Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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