Indian Economy Mcq Questions

Indian Economy Mcq Questions

1. Monopoly is also an _______ .

(a) Industry

(b) Marke

(c) Shop

(d) None of these

2. Slope of the AR curve under monopoly is _________ .

(a) Upward

(b) Downward

(c) Horizontal

(d) Vertical

3. A monopolist will be earning maximum profits under TR & TC approach when :

(a) TR = TC

(b) TR > TC

(c) TR < TC

(d) When difference between TR & TC is maximum

4. Under marginal revenue & Marginal Cost approach a monopolist will be at equilibrium when :

(a) MR =MC

(b) MR >MC

(c) MR <MC

(d) MR =MC and MC curve cuts MR from below

Important Question on Monopoly (Economics)

5. A Monopolists in Short-run will be incurring:

(a) Max. Loss

(b) Min. Loss

(c) Average Loss

(d) All of the above

6. In short-run , the monopolist may continue his production as long as the low prices covers his:

(a) AF

(b) ATC

(c) AVC

(d) All of these

7. Price policy of the monopolists is called :

(a) Price discrimination

(b) Price stabilization

(c) Fair price policy

(d) Unfavorable price policy

8. Which of the following is not a kind of of price discrimination policy :

(a) Personal

(b) Used

(c) Geographical

(d) Nature

9. Which of the following is not a degree of price discrimination :

(a) 1st degree

(b) 2nd degree

(c) 3rd degree

(d) 4th degree

10. In monopoly competition , a monopolist is a :

(a) Price taker

(b) Price maker

(c) Price maker & taker

(d) None of these

ANSWERS:

1. a
2. b
3. d
4. d
5. b
6. c
7. a
8. d
9. d
10. c

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