| 1 |
Which is <i>NOT</i>true |
- A. perfect monopoly does not exist in real world
- B. perfect competition does not exist in real world
- C. every monopoly is evil
- D. every firm wants to reduce competition
|
| 2 |
Which of the following markets comes closest to perfect market |
- A. wheat market
- B. cigarette market
- C. cold drinks market
- D. stock market
|
| 3 |
The market of cars is. |
- A. International market
- B. Regional market
- C. Local market
- D. Domestic market
|
| 4 |
A firm under perfect competition is |
- A. price maker
- B. price breaker
- C. price taker
- D. price shaker
|
| 5 |
Perfect competition is a situation of market, where there are very large number of firms selling the same commodity are called |
- A. Revenue curve under perfect competition
- B. Monopoly curve
- C. Total revenue curve
- D. None of these
|
| 6 |
Normal price is a price which prevails |
- A. In day to day market
- B. In domestic market
- C. In the long run market
- D. In a foreign market
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| 7 |
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
|
| 8 |
How many types of markets according to time |
|
| 9 |
The extent of market depends upon |
- A. Means of transport and communication
- B. Political instability
- C. Economics instability
- D. Trade restriction
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| 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
|
