12th Chapter

ICS Part 1 Economics Chapter 12 MCQs Test

First Year Economics Chapter 12 Online MCQ Test for 1st Year Economics Chapter 12 (Market and Revenue Analysis)

This online test contains MCQs about following topics:

Kind of markets . Perfect and imperfect market . Perfect competition . Monopolu . Revenue curves

ICS Part 1 Economics Chapter 12 Test

Start Chapter 12 Test

First Year Economics Chapter 12 Online MCQ Test for 1st Year Economics Chapter 12 (Market and Revenue Analysis)

Sr. # Questions Answers Choice
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
  • A. 3
  • B. 4
  • C. 5
  • D. 6
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
  • A. 4
  • B. 5
  • C. 6
  • D. 7
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

Share your comments questions here
Sort By:
X

Sign in

to continue to ilmkidunya.com

inquiry-image

Free Admission Advice

Fill the form. Our admission consultants will call you with admission options.

X

Sign in

to continue to ilmkidunya.com

X

Sign in

to continue to ilmkidunya.com

X

Forgot Password

to continue to ilmkidunya.com

X

Register Type

Please Provide following information to Register

  • Student
  • Tutor
  • Consultant
  • Employer