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Economics MCQs – Mock Test 25

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MCQ: 121

A type of market that is made up without imposing tariffs on goods and relatively free movement of capital of services is known as

  1. imperfect market
  2. common market
  3. perfect market
  4. specific market
MCQ: 122

The inputs that are used in the production of goods or services in order to make an economic profit is known as

  1. policy instruments
  2. factors of production
  3. factor of rationalization
  4. factors of markets
MCQ: 123

The features when an industry will typically consist of many small firms and are perfectly competitive falls under the category of

  1. internal economies of scale
  2. diseconomies of scale
  3. economies of scale
  4. external economies of scale
MCQ: 124

A tax that is being levied on the markets that generates negative externalities is known as

  1. corporate tax
  2. Pigovian tax
  3. tariff
  4. embargo
MCQ: 125

The concept that forms part of the Receipt Budget, which in turn is a part of the Annual Financial Statement of the Union Budget is known as

  1. price equality
  2. total cost
  3. total budget
  4. total revenue

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Trade Creating Custom Unions Quiz Apps (Android & iOS)

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BBA Economics Quiz Apps (iOS & Android)

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