| 1 |
Which one of the following is a day to day market. |
- A. The market of perishable goods
- B. The market of refrigerators
- C. The market of stationary
- D. None of the three
|
| 2 |
How many types of markets according to time |
|
| 3 |
The market of cars is. |
- A. International market
- B. Regional market
- C. Local market
- D. Domestic market
|
| 4 |
The market of refrigerators in general is called: |
- A. Domestic market
- B. Local market
- C. International market
- D. National market
|
| 5 |
How many types of markets according to location |
|
| 6 |
Buyers and sellers under perfect competition are. |
- A. The same in number
- B. Large in number
- C. Small in number
- D. None of the above
|
| 7 |
Marginal revenue is always less than price at all levels of output in |
- A. perfect competition
- B. monopoly
- C. both A and B
- D. none of the above
|
| 8 |
Extent of market mainly depends upon. |
- A. Availability of means of transport and communication
- B. Nature of supply
- C. Government restriction
- D. Perishable goods
|
| 9 |
In case of perfect competition in the market |
- A. marginal revenue curve always slopes upward
- B. marginal revenue curve always slopes downward
- C. marginal revenue is always equal to average revenue
- D. marginal revenue is always less than to average revenue
|
| 10 |
The supply curve of day to day market is. |
- A. Touching the horizontal axis
- B. Touching the vertical axis
- C. Perfactly elastic
- D. Perfactly inelastic
|
