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100+ Fundamentals of Economics Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Cost Accounting , Union Public Service Commission (UPSC) , Indian Administrative Service (IAS) .

101.

Economics of scales are divided into ________ types.

A. 2
B. 3
C. 4
D. 5
Answer» A. 2
102.

On the basis of competition, markets are classified into __________ types.

A. 2
B. 3
C. 4
D. 5
Answer» A. 2
103.

_______ means absence of competition.

A. Monopoly
B. Perfect
C. Imperfect
D. Oligopoly
Answer» A. Monopoly
104.

The rate at which the commercial banks borrow from the RBI is called as __________

A. REPO
B. PLR
C. BPLR
D. Bank Rate
Answer» D. Bank Rate

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