Principles Of Economics And Management (3140709) MCQs

MCQs of Markets and National Income

Showing 11 to 20 out of 34 Questions
1 2 3 4
11.
Non-Price Competition is done in which type of market?
(a) Perfect Competition Market
(b) Monopoly Market
(c) Oligopoly Market
(d) Monopolistic Competition Market
Answer:

Option (c)

12.
Price Discrimination can be possible in which type of market?
(a) Perfect Competition Market
(b) Monopoly Market
(c) Oligopoly Market
(d) Monopolistic Competition Market
Answer:

Option (b)

13.
The concept of a group or chain can be possible in which type of market?
(a) Perfect Competition Market
(b) Monopoly Market
(c) Oligopoly Market
(d) Monopolistic Competition Market
Answer:

Option (d)

14.
If there are only two sellers, it is a special case of oligopoly which termed as :
(a) Twopoly
(b) Twicepoly
(c) Duopoly
(d) Doublepoly
Answer:

Option (c)

15.
When would a perfectly competitive industry have a long-run supply curve that slopes downwards?
(a) If the industry has constant costs.
(b) If the industry has decreasing costs.
(c) If the industry has increased costs.
(d) Never.
Answer:

Option (b)

16.
In which of the following market structure is the degree of control over the price of its product by a firm very large?
(a) Imperfect competition
(b) Perfect competition
(c) Monopoly
(d) Perfect Competition and Imperfect Competition both
Answer:

Option (c)

17.
Statement "I have 10 Acres land." is example of _________.
(a) Stock of a wealth
(b) Flow of income
(c) Both Stock of a wealth and Flow of income
(d) None of these
Answer:

Option (a)

18.
Which measure of National Income (NI) is known as real income?
(a) NI at Current Price
(b) NI at Last year price
(c) NI at Constant Price
(d) NI at future Expected price
Answer:

Option (c)

19.
Which measure of National Income (NI) is known as monetary income?
(a) NI at Current Price
(b) NI at Last year price
(c) NI at Constant Price
(d) NI at future Expected price
Answer:

Option (a)

20.
Which is not a common measure of national Income
(a) GNP
(b) GMP
(c) GDP
(d) NDP
Answer:

Option (b)

Showing 11 to 20 out of 34 Questions
1 2 3 4