F.Y.B.COM Business Economics MCQ | F.Y.B.Com Economics Most Important MCQ

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F.Y.B.COM Business Economics MCQ | F.Y.B.Com Economics Most Important MCQ

 

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Aaj ke article me aap logo ko F.Y.B.Com Business Economics MCQ PDF  related MCQ provide karne wala hu yeah MCQs kafi jyada important hai F.Y.B.COM ke Student ke liye.

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F.Y.B.Com Economics Most Important MCQ 



Other Subject Most Important MCQ

https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html 


 

1.    The market demand schedule shows an _____ relationship between price and demand.       

a.    direct 

b.    No      

c.    inverse          

d.    none of these                                   

ANS: C

 

2.    The market demand curve slopes _____.      

a.    upwards        

b.    Horizontal     

c.    Vertical

d.    downward                            

ANS: D

 

3.    _____ refers to the total quantities of commodity offered for sale by all in producers.           

a.    equilibrium price      

b.    Market demand       

c.    None of these          

d.    market supply                                  

ANS: D

 

4.    When the market schedule is plotted on a graph we get _____ curve. 

a.    Equilibrium point     

b.    Market demand       

c.    None of these          

d.    market supply                                  

ANS: D

 

5.    The market supply curve slopes _____ to the right.           

a.    downward    

b.    upwards        

c.    Vertical          

d.    Horizontal                             

ANS: A

 

6.    The _____ is determined by the interaction of market demand and supply.   

a.    market

b.    price  

c.    equilibrium point                 

d.    none of these                                   

ANS: A

 

7.    The point at which quantity demand equals to supply is the _____.     

a.    equilibrium point                             

b.    none of these

c.    EVS

d.    FRM

ANS: A

 

8.    With an increase in supply, demand remaining unchanged, the equilibrium price _____.           

a.    raised

b.    falls    

c.    constant        

d.    none of these                                   

ANS: B

 

9.    Shift in the supply curve to the left will _____ the equilibrium price.    

a.    no effect        

b.    increase        

c.    decreased    

d.    none of these                                   

ANS: D

 

 

10. Shift in the supply curve to the left will increase the _____.        

a.    Market demand       

b.    equilibrium price      

c.    Market supply          

d.    none of these                                   

ANS: B

 

11. The market demand curve slopes _____ from left to right.          

a.    downward    

b.    upward          

c.    horizontal     

d.    vertical                                  

ANS: A

 

12. The market supply schedule shows _____ relationship between price and quantity supplied.      

a.    inverse          

b.    direct 

c.    no      

d.    none of these                                   

ANS: B

 

13. The point at which the quantity demanded equals supplied is the _____.      

a.    total supply  

b.    total demand

c.    equilibrium point     

d.    none of these                                   

ANS: C

 

14. A case of increase in demand, supply remaining unchanged, the equilibrium price _____.           

a.    rises   

b.    falls    

c.    constant        

d.    none of these                                   

ANS: A

 

15. A case of decrease in supply, demand remaining unchanged, the equilibrium price _____.           

a.    falls    

b.    rises   

c.    constant        

d.    None of these                                  

ANS: B

 

16. As price _____ , quantity demanded decreases and quantity supplies increases.   

a.    decreases     

b.    increases      

c.    remain constant      

d.    None of these                                  

ANS: B

 

17. Market _____ is derived by adding up all the individual demand.          

a.    demand        

b.    supply

c.    price  

d.    none of these                                   

ANS: A

 

18. Which of the following shows the relationship between the price of a good and the amount of the good that consumers want at that price?  

a.    Supply curve

b.    Demand curve         

c.    Supply schedule     

d.    Production possibilities frontier                            

ANS: B

 

19. The market clearing price is also called the ________.     

a.    current price 

b.    prevailing price        

c.    equilibrium price      

d.    None of the above                          

ANS: C

 

20. A straight line demand curve implies _____ demand function.   

a.    Linear

b.    Non– Linear 

c.    Steep 

d.    Vertical                                  

ANS: A

 

21. Dx = a – b Px is a case of _____ demand function. 

a.    Linear

b.    Steep 

c.    Vertical

d.    Non– Linear                         

ANS: A

 

22. Demand and price have _____ relationship. 

a.    No      

b.    inverse          

c.    Direct 

d.    None of these                                  

ANS: B

 

23. The demand curve is _____ elastic.     

a.    Unirary          

b.    perfectly        

c.    Relatively     

d.    None of these                                  

ANS: B

 

24. _____ explains the relationship between demand for a commodity and it determinants.           

a.    Demand        

b.    Supply function

c.    Demand function    

d.    Supply                                  

ANS: C

 

25. The demand curve for a perfectly competitive firm is _____.      

a.    Upward slopping     

b.    downward sloping  

c.    perfectly elastic

d.    Horizontal                             

ANS: C

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