CBSE Class 11 Non-competitive Markets Multiple Choice Questions with Answers. MCQ Questions Class 11 Non-competitive Markets with Answers Is Prepared Based on Latest Exam Pattern. Students can solve NCERT MCQ questions Class 11 Non-competitive Markets with Answers to know their preparation level.
Students who are searching for NCERT MCQ Questions Class 11 Non-competitive Markets with Answers are compiled here to get good practice on all fundamentals. Know your preparation level on MCQ Questions for Class 11 Non-competitive Markets with Answers. You can also verify your answers from the provided MCQ Class 11 Non-competitive Markets with Answers. So, ace up your preparation with MCQ of Class 11 Economics Examinations.
MCQ Questions Class 11 Non-competitive Markets with Answers - Set - 3
Question 1:Â
In monopolistic competition the goods are.  Â
(a) Durable
(b) Differentiated
(c) Heterogeneous
(d) Homogeneous
Correct Answer – (B)
Question 2:Â
Oligopolistic industries are characterized by—    Â
(a)Â A few dominant firms and substantial barriers to entry.
(b)Â A few large firms and no entry barriers.
(c)Â A large number of small firms and no entry barriers.
(d)Â One dominant firm and low entry barriers.
Correct Answer – (A)
Question 3:Â
Which one of the following statement is not a characteristic of monopolistic competition? Â
(a) ease of entry into the industry.
(b) product differentiation
(c) a relatively large number of sellers
(d) homogeneous product.
Correct Answer – (D)
Question 4:Â
Which market have characteristic of product differentiation  Â
(a) Monopolistic competition
(b) Oligopoly
(c) Monopoly
(d) Perfect competition
Correct Answer – (A)
Question 5:Â
Which of the below-mentioned option is not mentioned in imperfect competition?     Â
(a) A large number of buyers
(b) Single sellers
(c) Similar/Homogenous product
(d) Price maker
Correct Answer – (C)
MCQ Questions Class 11 Non-competitive Markets With Answers
Question 6:Â
The demand curve of a monopoly firm will be———————–.   Â
(a)Â upward sloping
(b)Â downward sloping
(c)Â horizontal
(d)Â vertical
Correct Answer – (B)
Question 7:Â
Under which of the following forms of market structure a firm has no control over the price of its product?     Â
(a) Monopoly
(b) Perfect competition
(c) Oligopoly
(d) Monopolistic competition
Correct Answer – (B)
Question 8:Â
The concept of the supply curve is relevant only for?  Â
(a) Oligopoly
(b) Monopoly
(c) Monopolistic Competition
(d) Perfect Competition
Correct Answer – (D)
Question 9:Â
Price discrimination is one of the features of    Â
(a) monopolistic competition
(b) monopoly
(c) perfect competition
(d) oligopoly
Correct Answer – (B)
Question 10:Â
Market which has a few large firms is…………….. Â
(a) Monopsony
(b) Duoploy
(c) Oligopoly
(d) Monopoly
