Business Studies/Business Economics MCQ Questions and Answers Part ��� 3 Sample Test,Sample questions

Question:
 In an oligopolistic market, there are —————

1.a large number of sellers and few buyers

2.few sellers and few buyers

3.few sellers and large number of buyers

4.only one seller


Question:
 Which one is not collusive oligopoly —————-

1.price leadership

2.market sharing cartel

3.price discrimination

4.price-fixing cartel


Question:
A monopolist will never produce at a point where ————
 

1.demand is price – inelastic

2. demand is price – elastic

3.marginal cost is positive

4.marginal cost is increasing


Question:
A monopolistic competitive firm sells ————– products.

1. Differentiated

2.Homogenous

3. All of the above

4.None


Question:
A monopolistic competitive firm sells ————– products.

1. Differentiated

2.Homogenous

3. All of the above

4.None


Question:
Cartel is a part of ——————

1.Monopoly

2.Oligopoly

3.Duopoly

4.Perfect competition


Question:
The essential aspects of oligopoly is ————-

1.excess capacity

2.non-price competition

3.a large number of firms

4.mutual recognition of interdependence.


Question:
The kinked demand curve in Sweezy oligopoly model emerges due to assumption that ————-

1.when one seller decreases or increases his price, others follow.

2.when one seller decreases his price others follow him.

3.when one sellers decreases his price others follow but when he increases his price others do not follow

4.When one seller increases his price others decrease their prices.


Question:
The primary objective for discriminating monopolist is —————–

1.Loss minimization

2.Profit maximisation

3.To cover production cost

4.All of the above


Question:
Under perfect competition, firms do not engage in price-war because ———

1.firms work in co-operation with one another under the same.

2.number of firms under the same is very large

3.the demand for the product of a firm under the same is perfectly elastic

4. all the above-mentioned conditions are responsible


Question:
Which of the following best defines price discrimination?

1.Charging different prices on the basis of race.

2. charging different prices for goods with different cost of production

3.charging different prices based on the cost of service difference

4.selling a certain product of given quality and cost per unit at different prices to different buyers.


Question:
While determining equilibrium of firm in short-run for perfect competition, the X-axis in the diagram represents —————-

1. Revenue

2.Output

3.Cost

4.Price


Question:
While determining equilibrium of firm in short-run for perfect competition, the X-axis in the diagram represents —————-

1. Revenue

2.Output

3.Cost

4.Price


Question:
While determining equilibrium of firm in short-run for perfect competition, the X-axis in the diagram represents —————-

1. Revenue

2.Output

3.Cost

4.Price


Question:
While determining equilibrium of firm in short-run for perfect competition, the X-axis in the diagram represents —————-

1. Revenue

2.Output

3.Cost

4.Price


Question:
While determining equilibrium of firm in short-run for perfect competition, the X-axis in the diagram represents —————-

1. Revenue

2.Output

3.Cost

4.Price


More MCQS

  1. Business Studies-[Class 11-MCQ ]-Chapter 1- Nature and Purpose of Business
  2. Business Studies-[Class 11-MCQS ]-Chapter 2 Forms of Business Organisation
  3. Business Studies-[Class 11-MCQS ]-Chapter 3 Private, Public and Global Enterprises
  4. Business Studies-[Class 11-MCQS ]-Chapter 4 Business Services
  5. Business Studies-[Class 11-MCQS ]-Chapter 5 Emerging Modes of Business
  6. Business Studies-[Class 11-MCQS ]-Chapter 6 Social Responsibilities of Business
  7. Business Studies-[Class 11-MCQS ]-Chapter 7 Formation of a Company
  8. Business Studies-[Class 11-MCQS ]-Chapter 8 Sources of Business Finance
  9. Business Studies-[Class 11-MCQS ]-Chapter 9 Small Business
  10. Business Studies-[Class 11-MCQS ]-Chapter 10 Internal Trade
  11. Business Studies-[Class 11-MCQS ]-Chapter 11 International Business
  12. Business Studies-[Class 11-MCQS ]-Chapter 12 International Business
  13. Business Studies-[Class 12-MCQS ]-Chapter 1 Nature and Significance of Management
  14. Business Studies-[Class 12-MCQS ]-Chapter 2 Principles of Management
  15. Business Studies-[Class 12-MCQS ]-Chapter 3 Business Environment
  16. Business Studies-[Class 12-MCQS ]-Chapter 4 Planning
  17. Business Studies-[Class 12-MCQS ]-Chapter 5 Organising
  18. Business Studies-[Class 12-MCQS ]-Chapter 6 Staffing
  19. Business Studies-[Class 12-MCQS ]-Chapter 7 Directing
  20. Business Studies-[Class 12-MCQS ]-Chapter 9 Financial Management
  21. Business Studies-[Class 12-MCQS ]-Chapter 10 Financial Market
  22. Business Studies-[Class 12-MCQS ]-Chapter 11 Marketing
  23. Business Studies-[Class 12-MCQS ]-Chapter 12 Consumer Protection
  24. Financial Accounting MCQ Part – 2
  25. Financial Accounting MCQ Part – 3
  26. Business Economics MCQ Part 2
  27. Business Economics MCQ Questions and Answers Part – 3
  28. Corporate Finance MCQ Set 1
  29. Corporate Finance MCQ Set 2
  30. Direct Tax MCQ Set 2
  31. Business Information Systems MCQ Set 1
  32. Business Information Systems MCQ set 2
  33. Business Information Systems MCQ set 3
  34. Business Law MCQ Set 1
  35. Business Law MCQ Set 2
  36. Business Law Set 3
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