Principles Of Economics And Management (3140709) MCQs

MCQs of Markets and National Income

Showing 1 to 10 out of 34 Questions
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1.
Which is not a type of market?
(a) Perfect Competition Market
(b) Monopoly Market
(c) Imperfect Competition Market
(d) Less Competition Market
Answer:

Option (d)

2.
There is ________ entry barier in Perfect Competition Market.
(a) No
(b) Low
(c) Medium
(d) High
Answer:

Option (a)

3.
There is ________ entry barier in Monopoly Market.
(a) No
(b) Low
(c) Medium
(d) High
Answer:

Option (d)

4.
There is ________ entry barier in Monopolistic Competition Market.
(a) No
(b) Low
(c) Medium
(d) High
Answer:

Option (b)

5.
There is ________ entry barier in Oligopoly Market.
(a) No
(b) Low
(c) Medium
(d) High
Answer:

Option (d)

6.
Which market structure symbolizes the existence of ‘few sellers’?
(a) Oligopoly
(b) Monopoly
(c) Monopolistic competition
(d) Perfect competition
Answer:

Option (a)

7.
In Perfect Competition Market products are :
(a) Homogeneous
(b) Close substitutes
(c) Differentiated
(d) Maybe homogeneous or differentiated both.
Answer:

Option (a)

8.
In Monopoly Market products are :
(a) Homogeneous
(b) Close substitutes
(c) Differentiated
(d) Maybe homogeneous or differentiated both.
Answer:

Option (c)

9.
In Monopolistic Competition Market products are :
(a) Homogeneous
(b) Close substitutes
(c) Differentiated
(d) Maybe homogeneous or differentiated both.
Answer:

Option (b)

10.
In Oligopoly Market products are :
(a) Homogeneous
(b) Close substitutes
(c) Differentiated
(d) Maybe homogeneous or differentiated both.
Answer:

Option (d)

Showing 1 to 10 out of 34 Questions
1 2 3 4