Indian Economy Questions and Answers for Competitive Exams - 1
Question: 1
____ influences the price in long period.
(A) MPC
(B) Supply
(C) Demand
(D) Consumption
Ans: B
Supply
Question: 2
In very short period, the market supply is
(A) Perfectly elastic
(B) Perfectly inelastic
(C) Elastic
(D) Inelastic
Ans: B
Perfectly inelastic
Question: 3
____ method of controlling monopoly is best to check the concentration of economic power in few hands.
(A) Nationalisation
(B) Controlling price and output
(C) Taxation
(D) Legislative
Ans: D
Legislative
Question: 4
The most important feature of oligopol is ___ in decision making.
(A) Price rigidity
(B) Group behavior
(C) Interdependence
(D) Free entry and exit
Ans: C
Interdependence
Question: 5
In short period supply curve is
(A) Perfectly inelastic
(B) Perfectly elastic
(C) Relatively elastic
(D) Relatively inelastic
Ans: C
Relatively elastic
- Top 1,000+ Indian Economy Quiz Questions and Answers 2020-2021
- Indian Economy Multiple Choice Questions and Answers
- Indian Economy GK Questions and Answers 2020-2021
- Economics GK Quiz Questions and Answers
- Indian Economy Questions and Answers for Competitive Exams
- 100+ World Economy Online Test
- 7000+ TNPSC Previous Year Question Papers Subject wise Pdf
- 7000+ Economics MCQ Questions and Answers 2024 - 2025 Pdf
- 7000+ Economics Questions for Competitive Exams 2024 - 2025 Pdf
- 7000+ Economics Questions for UPSC Prelims Pdf Download
DC Generator Questions and Answers Pdf More
Electromagnetic Induction Quiz Questions and Answers More
Basic Electronics Quiz Questions with Answers Pdf More
Wireless Communication MCQ Questions with Answers More
Digital Communication Quiz Questions and Answers Pdf More
Computer Quiz Questions with Answers for Class 12 More
Computer Awareness Capsule for IBPS PO Mains 2020-2021 More
Infosys Oracle Database Administrator Interview Questions Answers More
1000+ Civil Engineering Previous Year Question Papers with Answers More
Top 1,000+ Indian Constitution General Knowlegde Questions & Answers More