Economics MCQS with Answers 1st Year
A monopoly market can be controlled by.
Introduction of substitutes
Fixing of the price by the government
Administrative measures
Nationalisation
Extent of market mainly depends upon.
Government restriction
Perishable goods
Nature of supply
Availability of means of transport and communication
A short period market is the market of.
Consumer goods
Durable goods
Capital goods
Perishable goods
Which of the following markets comes closest to perfect market
cold drinks market
wheat market
cigarette market
stock market
When marginal revenue is zero, total revenue is
zero
minimum
decreasing
maximum
Which is NOTtrue
every monopoly is evil
perfect monopoly does not exist in real world
every firm wants to reduce competition
perfect competition does not exist in real world
How many types of markets according to location
7
5
4
6
A group of buyers and sellers that exchange a goods or services at a price are called
Commodity
Place
Market
None of these
The market of refrigerators in general is called:
Domestic market
Local market
International market
National market
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