Economics MCQs – Mock Test 25

Trade Creating Custom Unions Quiz with Answers PDF Download – Test 25

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Trade Creating Custom Unions Quiz – Mock Test 25 PDF Download

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:

imperfect market
common market
perfect market
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:

policy instruments
factors of production
factor of rationalization
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:

internal economies of scale
diseconomies of scale
economies of scale
external economies of scale

MCQ 124: A tax that is being levied on the markets that generates negative externalities is known as:

corporate tax
Pigovian tax
tariff
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:

price equality
total cost
total budget
total revenue

Economics Quiz App & eBook – Trade Creating Custom Unions Admission Tests

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