Economics MCQS with Answers 1st Year
Different kinds of imperfect competition are.
Oligopoly
Monopoly
Monopolistic competition
All the three
The extent of market depends upon
Economics instability
Political instability
Trade restriction
Means of transport and communication
The supply curve of day to day market is.
Perfactly inelastic
Touching the vertical axis
Perfactly elastic
Touching the horizontal axis
Stock exchange is market where we can buy:
Foreign exchange
Factors of production
Shares
Consumer goods
Which of the following is one of the assumptions of perfect competition.
few buyers and few sellers
many buyers and many sellers
all sellers and buyers are honest
many buyers and few sellers
Normal price is a price which prevails
In the long run market
In day to day market
In a foreign market
In domestic market
How many types of markets according to time
3
6
5
4
A firm under perfect competition is
price breaker
price maker
price taker
price shaker
Which one of the following is a day to day market.
The market of refrigerators
The market of perishable goods
None of the three
The market of stationary
Perfect competition is a situation of market, where there are very large number of firms selling the same commodity are called
Revenue curve under perfect competition
None of these
Total revenue curve
Monopoly curve
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