01. Which sector uses largest volume of gas in Bangladesh?
a. DESA
b. BPBD
c. Households
d. Fertilizer factors
e. None of these
02. There is no advertising cost in the---
a. Monopoly
b. Perfect competition
c. Duopoly
d. Monopolistic competition
e. None of them
03. What do you mean by market in Economics?
a. A place
b. A good
c. A place where a good buys and sells
d. Demand and supply of a goods
e. None of the above
04. Which is not a resource?
a. Raw material
b. Air
c. Human being
d. Food
e. None of the above
05. In which market a firm is called price taker?
a. Monopoly
b. Perfect competition
c. Duopoly
d. Oligopoly
e. None of the above
06. ΔQ = 10, ΔP = 5, p = 12, Q = 6, What will be the value of elasticity?
a. 1/4
b. 4
c. 1
d. 0
e. None
07. 'Essay on the principles of population' written by--
a. Marshall
b. Malthas
c. Ricardo
d. Robinson
e. None of them
08. Demand elasticity of salt--
a. Zero
b. Infinitive
c. Elastic
d. Inelastic
e. None of the above
09. How many gas field have been identified for exploration in Bangladesh?
a. 22
b. 23
c. 24
d. 21
e. 32
10. A monopolist will earn normal profit when—
a. Average revenue(AR) = Marginal cost(MC)
b. Average cost(AC) = Average revenue(AR)
c. Average revenue(AR) = Marginal revenue(MR)
d. Average cost(AC) = Marginal revenue(MR)
e. None of the above
11. In which market perfect mobilization of factor does exisists?
a. Monopoly
b. Perfect competition
c. Oligopoly
d. Monopolistic competition
e. None of the above
12. Demand curve shows the relation between demand and---
a. Consumer's income
b. Substitute goods
c. Supply
d. Price
e. None of the above
13. 'Every person will work according to their ability and will consum according to their necessity'. This is the principle of--
a. Communism
b. Mixed economic system
c. Capitalism
d. Socialism
e. None of the above
14. Which of the following could result in a monopolist being a price taker?
a. the existence cof potential compefition
b. the absence of substitute good
c. a maximum price set by the government
d. constant returns to scale
e. None of the above
