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Economics MCQ Questions and Solutions with Explanations | Commerce

Economics MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Economics MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-9 section-15

Each section contains 100 MCQs on Economics .
81
If two goods are complements, this means that a rise in the price of one commodity will induce
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Answer & Solution
Answer: Option A
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82
Marginal revenue, at the quantity that generates maximum total revenue and negative beyond that point, has the value of
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Answer: Option A
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83
The characteristics of monopolistic competition due to which the point of a firm becomes zero in the long run is
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Answer: Option D
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84
When Goods are imported for the purpose of export, it is called
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Answer: Option C
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85
Which one of the following industrial relations approach believes in state intervention via legislation and the creation of industrial tribunals as supporting management's interest rather than ensuring a balance between the competing groups?
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Answer: Option C
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86
Which of the following feature is common to both, perfectly competitive markets and monopolistically competitive markets?
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Answer: Option C
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87
The firm's short-run marginal-cost curve is increasing when
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Answer: Option C
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88
Match the following.
List-I List-II
a. Perfect competition 1. Less elastic
b. Monopoly 2. Ed = ∞ (Straight line horizontal)
c. Monopolistic competition 3. Indeterminate
d. Oligopoly 4. More elastic
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Answer: Option B
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89
In which year was the first industrial policy proposal made?
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Answer: Option B
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90
What is the supply curve of labour towards the industrial sector in countries whose population growth has helped in the development of their economies?
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Answer: Option A
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