CBSE Class 11 Market Equilibrium Multiple Choice Questions with Answers. MCQ Questions Class 11 Market Equilibrium with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Market Equilibrium with Answers to know their preparation level.
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MCQ Questions Class 11 Market Equilibrium with Answers - Set - 4
Question 1:Â
The market in which there is free entry and exit is:
(a) Monopolistic competition market
(b) Imperfect competition market
(c) Perfect competitions market
(d) None of these.
Correct Answer – (C)
Question 2:Â
Which of the following is correct ?
(a) Labour Demand comes from producer
(b) Demand of labour depends on its productivity.
(c) Marginal productivity of labour is its maximum wage
(d) All the above
Correct Answer – (D)
Question 3:Â
Price of a goods is determined at a point where :
(a) Demand > Supply
(b) Demand < Supply
(c) Demand = Supply
(d) None of these
Correct Answer – (C)
Question 4:Â
Which determines the equilibrium price ?
(a) Demand
(b) Supply
(c) Both (a) and (b)
(d) None of the above
Correct Answer – (C)
Question 5:Â
In perfect competition, these is ………………….…. profit
(a) Normal
(b) Maximum
(c) Zero
(d) None of these
Correct Answer – (A)
MCQ Questions Class 11 Market Equilibrium With Answers
Question 6:Â
Main feature of perfectly competitive market is:
(a) Uniform price
(b) Homogeneous product
(c) Large number of buyers and sellers
(d) All of the above.
Correct Answer – (D)
Question 7:Â
None of these Rent is = ?
(a) Actual Income – Transfer Earnings
(b) Actual Income + Transfer Earnings
(c) Transfer Earnings
(d) None of these
Correct Answer – (A)
Question 8:Â
Which is the component of factor price determination ?
(a) Rent
(b) Wages
(c) Interest
(d) All of these
Correct Answer – (D)
Question 9:Â
A Seller Cannot influence the market price under:
(a) Perfect Competition
(b) Monopoly
(c) Monopolistic Competition
(d) All of these
Correct Answer – (A)
Question 10:Â
Which is not a condition for equilibrium of a monopoly form ?
(a) Average Revenue = Marginal Cost
(b) Marginal Revenue = Marginal Cost
(c) Marginal Cost should cut the Marginal Revenue Curve from below
(d) Both (b) and (c)
