MCQ Non-Competitive Markets Chapter 6 Class 12 Microeconomics Advertisement 1. Which one is the item of the Current Account?Import of Visible ItemsExpenses of TouristsExports of Visible ItemsAll the aboveQuestion 1 of 152. In the monopolistic market, which curves lie below the demand curve and slopes downward?Marginal costAverage costAverage revenueMarginal revenueQuestion 2 of 153. In monopolistic competition the goods are.DurableDifferentiatedHeterogeneousHomogeneousQuestion 3 of 154. What is the cause of the devaluation of any country’s currency?Increase in the domestic inflation rateDomestic real interest rates are less than foreign interest ratesMuch increase in the incomeAll of theseQuestion 4 of 155. Which market has characteristics of product differentiationMonopolistic competitionOligopolyMonopolyPerfect competitionQuestion 5 of 156. Hybrid in management of fixed and flexible exchange rate is known as ________Managed to floatCrawling PegWider BandsNone of theseQuestion 6 of 157. A monopolist is a priceAcceptorTakerGiverMakerQuestion 7 of 158. When was the gold standard abandoned?1930’s1920’s1940’s1950’sQuestion 8 of 159. The demand curve of a monopoly firm will be————upward slopingdownward slopinghorizontalverticalQuestion 9 of 1510. Cartels exist in OligopolyDuopolyMonopolyPerfect competitionNone of theseQuestion 10 of 1511. Price discrimination can take place only inPerfect competitionOligopolyMonopolistic competitionMonopolyQuestion 11 of 1512. Oligopoly having identical products is known asPure oligopolyCollusive oligopolyIndependent oligopolyNone of aboveQuestion 12 of 1513. Which of the following is not a characteristic feature of imperfect competition?Prices vary from seller to sellerAll the products are homogeneousProfits of the seller is included in the priceNone of aboveQuestion 13 of 1514. Under which of the following forms of market structure a firm has no control over the price of its product?MonopolyPerfect competitionOligopolyMonopolistic competitionQuestion 14 of 1515. The concept of the supply curve is relevant only for?Oligopoly MonopolyMonopolistic CompetitionPerfect CompetitionQuestion 15 of 15 Loading...
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