MicroEconomics MCQs

Which of the following is a basic characteristic of 'Oligopoly'?
Many sellers, many buyers
Few sellers, few buyers
Few sellers, many buyers
Many sellers, few buyers


What effect will a decrease in demand and an increase in supply have on equilibrium price?
Equilibrium price will fall
Equilibrium price will be constant
Equilibrium price will rise
Sometimes price will rise and sometimes it will fall


In India, inflation measured by the -
Wholesale Price Index Number
National Income Deflator
Consumer Price Index for urban non-manual workers
Consumer Price Index for agricultural labourers


Which of the following statements is NOT correct about the factors that gave rise to the Consumer Movement in India?
Frequent food shortages
Adulteration of food
Tax on soft beverages
Hoarding and Black Marketing


One of the essential conditions of "perfect competition" is
product differentiation
same price for same things at one time
many sellers and a few buyers
multiplicity of prices for identical products of a one time



Zero price elasticity of demand means
whatever the change in price, there is absolutely no change in demand
for a small change in price, there is a large change in demand
for a large change in price, there is a small change in demand
for a small change in price, there is a small change in demand


Which of the following is the most close to the definition of Oligopoly?
The barber shop
The welding shop
The cigarette industry
Wheat growing farmers


Duopoly is the special case of which type of market structure?
Imperfect Competition
Monopoly
Oligopoly
Monopsony


Which of the following correctly describes the nature of India’s economy?
Capitalist Economy
Mixed Economy
Socialist Economy
None of the above


In Economic terms, Globalization is the process of rapid ______ between countries.
Competition
Change
Integration
Investment

Doji Candlestick

Doji is a very powerful candle shows a balance of supply and demand.

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Hanging Man Candlestick

Hanging Man candle which gives a very strong signal of a trend reversal.

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Inverted Hammer Candlestick

This candle implies a very strong signal of a trend reversal (to uptrend).

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Moving Average Indicator

This indicator is used on charts for trend identification.

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