CBSE Class 11 Economics Market Equilibrium Quiz 2

MCQ Mojo

Quiz Guides

Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12

Quiz Guides

CBSE

Class 1 Class 2 Class 3 Class 4 Class 5 Class 6 Class 7 Class 8 Class 9 Class 10 Class 11 Class 12

Toggle dark mode

CBSE › Class 11 › Economics › Market Equilibrium

1/10

0:00

1. Price discrimination is found in which market ?

A Pure Competition B Perfect Competition C Monopoly D Monopolistic Competition

2. Which of the following is the feature of pure competition ?

A Perfect knowledge of the market B Perfect mobility of factors C Homogenity by products D All the above

3. Market situation where there is only one buyer is:

A Monopoly B Monopsony C Duropoly D None of these

4. The concept of monopolistic competition is given by:

A Hicks B Chamberlin C Mrs. Robinson D Samuelson

5. Which of the following is not a feature of perfect competition ?

A Large number of buyers and sellers B Homogeneity of product C Advertisement and selling cost D Perfect knowledge of the market

6. In which market is AR equal to MR ?

A Perfect competition B Oligopoly C Imperfect competition D Monopoly

7. Which factor determines Equilibrium Price ?

A Demand for Commodity B Supply of Commodity C Both (a) and (b) D None of the above

8. “Price is determined by Demand and Supply. Whose statement is this ?

A Jevons B Walras C Marshall D None of these

9. Price of a commodity is determined at a point where :

A Demand exceeds B Supply exceeds C Demand equals supply D None of these

10. What is true for perfect competition market ?

A Price is determined by both Demand and Supply Forces B Price is determined by the industry C Each firm of the industry is Price-taker D All the above

Practice more on Market Equilibrium

Quiz 1 Quiz 2 Quiz 3 Quiz 4 Quiz 5 Quiz 6

MCQ Mojo

Free chapter-wise MCQ practice with instant answers and explanations for CBSE classes 6–12 — plus timed mock tests. Learn smarter, score higher.