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English
Economics
History & Civics
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Question-1
Higher 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-2
Under monopolistic competition, the number of buyers would be ______________
(A)
Smaller
(B)
Very small
(C)
Large
(D)
None of these
Question-3
In a perfect competitive market, goods are __________________
(A)
Homogenous
(B)
Heterogeneous
(C)
Giffen
(D)
None of these
Question-4
Monopoly would not exist when there is ________________
(A)
Substitutes
(B)
Competition
(C)
Large number of sellers
(D)
All of these
Question-5
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-6
_______________ can not influence the price under monopoly
(A)
Buyer
(B)
Seller
(C)
Producer
(D)
All of these
Question-7
_______________ have extended the concept of market beyond a geographical area.
(A)
E-commerce
(B)
Transport
(C)
Communication
(D)
All of these
Question-8
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-9
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-10
Industry refers to ________________
(A)
Single firm
(B)
Two firms
(C)
Group firms
(D)
None of these
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Practice in Related Chapters
Micro Economic Theory
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Law of Supply and Price Elasticity of Supply
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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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