CA/CS Foundation MCQ Question Determination Of Markets-I
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Test Preparation on CA/CS Foundation MCQ Questions Determination Of Markets-I
1.
In Economics a place where Buyers and Sellers meet and bargain over a commodity for a price is-called -
1
Den
2
Shop
3
Market
4
Exchange
2.
Which of the following statements best describe a Market?
1
Place where Shares and Securities are bought and sold
2
Place where Fruits and Vegetables are bought and sold.
3
Place where Buyers and Sellers meet and bargain over a commodity for a price.
4
Place where transactions takes place.
3.
Which of these is not a feature of Market?
1
Buyers and Sellers
2
Commodity Product or Service.
3
Bargaining for a Price
4
Government Regulation and Control
4.
Which of these is a feature of Market?
1
Perishable Nature of the commodity
2
Government Regulation and Control
3
One Price for a Product or Service at a time
4
Scarcity of Resources
5.
Which of the following is an element of Market Structure?
1
Buyers & Sellers
2
A product or service
3
Bargaining for a Price
4
All of the above
6.
Which of- these is not a Economics?
1
Perfect Competition
2
Monopoly
3
Monopolistic Competition
4
Intense Competition Market Structure in
7.
Which of these is a Market Structure in Economics?
1
Stock Exchange
2
Reserve Bank of India
3
Oligopoly
4
Government of India
8.
Which of the following types of competition is just a theoretical economic concept not a realistic-case where actual competition and trade take place?
1
Monopoly
2
Oligopoly
3
Perfect Competition
4
Monopolistic Competition
9.
Free Entry / Exit is a characteristic feature of -
1
Perfect Competition
2
Monopoly
3
Monopolistic Competition
4
1 and 3
10.
Free Entry / Exit is a not a characteristic feature of-
1
Perfect Competition
2
Monopoly
3
Monopolistic Competition
4
All the above.
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