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
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2 |
How many types of markets according to time |
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3 |
The market of cars is. |
- A. International market
- B. Regional market
- C. Local market
- D. Domestic market
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4 |
The market of refrigerators in general is called: |
- A. Domestic market
- B. Local market
- C. International market
- D. National market
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5 |
How many types of markets according to location |
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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
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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
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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
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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
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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
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