Market Equilibrium | Chapter 5 | Class 11 | Social Science | Economics

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In this test paper, we will practice our learning of Market Equilibrium | Chapter 5 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

In this test paper, we will practice our learning of Market Equilibrium | Chapter 5 | Class 11 | Social Science | Economics. These MCQ questions are prepared Based on latest exam Pattern for General Studies and GK preparation of SSC, NDA, CDS, UPSC, UPPSC and State PSC Examinations.

Questions

1. Which is a characteristic of the market ?

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2. Which is a basic for the classification of the market ?

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3. Which of the following is a feature of perfect competition ?

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4. In which market product differentiation is found ?

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5. Which of the following is true in perfect competition ?

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6. Which one is a feature of monopoly ?

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7. Which one of the following is true for monopoly ?

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8. Which one is a feature of monopolistic competition ?

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9. A market in which there is free entry and exit, the market is:

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10. What does a monopolist market show ?

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11. Price discrimination is found in which market ?

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12. Which of the following is the feature of pure competition ?

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13. Market situation where there is only one buyer is:

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14. The concept of monopolistic competition is given by:

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

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16. In which market is AR equal to MR ?

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17. Which factor determines Equilibrium Price ?

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18. “Price is determined by Demand and Supply. Whose statement is this ?

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19. Price of a commodity is determined at a point where :

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20. What is true for perfect competition market ?

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21. Who gave the concept of ‘Time Element’ in price determination process ?

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22. How many categories of production duration have been made by Marshall on the basis of supply ?

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23. Which is a reason of change in demand ?

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24. Which statement is correct ?

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25. Market Price is found in:

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26. The price of a good is determined by:

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27. Market price is associated with:

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28. The price of a goods in perfect competition is determined by:

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29. In perfect competition, a firm:

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30. In very short period, supply will be:

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31. Which is not a condition for equilibrium of a monopoly form ?

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32. In perfect competition, these is……. profit

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33. A Seller Cannot influence the market price under:

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34. Which determines the equilibrium price ?

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35. Which is the component of factor price determination ?

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36. Price of a goods is determined at a point where :

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37. None of these Rent is = ?

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38. Which of the following is correct ?

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39. Main feature of perfectly competitive market is:

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40. The market in which there is free entry and exit is:

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41. There is inverse relation between demand and price of goods in:

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42. According to which economist “Price of a commodity is determined by the forces of demand and supply”:

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43. Not a condition of equilibrium of monopoly firm:

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44. Market price is found in:

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45. Demand curve of a firm is perfectly elastic in:

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46. Administrative price is:

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47. Minimum support price of wheat is called:

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48. Which of the following is the component of instrument pricing:

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49. Which factors help in the determination of equilibrium price:

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50. Which among the following statement is not true:

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51. Excess demand can be seen in:

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