CA/CS Foundation MCQ Question Analysis Of Market

Test Preparation on CA/CS Foundation MCQ Questions Analysis Of Market

1.

Government should increase expenditure on social services to benefit the poor. Which one of the following represents the correct reason that establishes that the above-given statement is a normative statement?

1It states the facts as they are
2It passes a value judgement'
3It states that there is a direct relationshipbetween public expenditure and povertyalleviation
4It states that poverty cannot be removed bymarket forces.

2.

Marginal Revenue (MR) curve is a straight horizontal line in:

1Perfectly competitive market
2Monopolistic competitive market
3Oligopoly market
4Monopoly market

3.

Which of the following features make a monopolistic competitive firm different from a perfectly competitive firm?

1Differentiated products
2Number of sellers
3Number of buyersI
4Free entry and exit of the firm

4.

A perfect! y| competitive firm attains equilibrium at a point where:

1Marginal revenue (MR) is equal to marginal cost(MC) and MC curve intersects MR curve frombelow !
2MC is equal to MR
3MC is falling but is equal to average cost (AC)
4MC is constant

5.

A kinked revenue curve best represents:

1Monopoly
2Duopoly
3Oligopoly
4Monopolistic competition

6.

In monopoly selling expenses are:

1NIL
2High
3Very High
4Relatively High

7.

Price discrimination is a property of which of the following market:

1Monopoly
2Monopolistic
3Perfect
4Oligopoly

8.

Under which market selling cost is NIL?

1Perfect competition
2Monopoly
3Monopolistic Competition
4All are applicable

9.

Which of the following is not a feature of perfect competition?

1Large no. of buyer
2Homogeneous products
3Both
4None of the above

10.

Which of the following is not the component of the market?

1Buyer
2Seller
3Price
4A firm

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