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 - 1
Question 1:Â
What does a monopolist market show ?
(a) Production process
(b) Distribution system
(c) Nature of market
(d) None of these
Correct Answer – (C)
Question 2:Â
Which one is a feature of monopolistic competition ?
(a) Differentiated Product
(b) Selling Cost
(c) Imperfect Knowledge of the Market
(d) All the above
Correct Answer – (D)
Question 3:Â
Which one is a feature of monopoly ?
(a) Single Seller and Many Buyers
(b) Lack of Close Substitutes
(c) Restrictions of New Firm entry
(d) All of these
Correct Answer – (D)
Question 4:Â
In which market product differentiation is found ?
(a) Pure Competition
(b) Perfect Competition
(c) Monopoly
(d) Monopolistic Competition
Correct Answer – (C)
Question 5:Â
Which is a basic for the classification of the market ?
(a) Perfect Competition
(b) Zero Competition (Monopoly)
(c) Imperfect Competition
(d) All the above
Correct Answer – (D)
MCQ Questions Class 11 Market Equilibrium With Answers
Question 6:Â
A market in which there is free entry and exit, the market is:
(a) Monopolistic Competitive Market
(b) Imperfect Competitive Market
(c) Perfectly Competitive Market
(d) None of these
Correct Answer – (C)
Question 7:Â
Which one of the following is true for monopoly ?
(a) Firm is price-maker
(b) Demand curve slopes downward
(c) Price discrimination possibility arises
(d) All the above
Correct Answer – (D)
Question 8:Â
Which of the following is true in perfect competition ?
(a) Firm is price-taker, not price-maker
(b) Firm’s demand curve is perfectly elastic
(c) AR = MR
(d) All the above
Correct Answer – (D)
Question 9:Â
Which of the following is a feature of perfect competition ?
(a) Large Number of Buyers and Sellers
(b) Homogeneous Units of the Product
(c) Perfect Knowledge of the Market
(d) All the above
Correct Answer – (D)
Question 10:Â
Which is a characteristic of the market ?
(a) One Area
(b) Presence of both Buyers and Sellers
(c) Single Price of the Commodity
(d) All the above
