PPSC FPSC KPPSC BPSC SPSC NTS Commerce Online Test No. 72

Leave a Comment / By Hassan / May 23, 2022 May 23, 2022

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.

Note:-

There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START Button to Take this Commerce Test Online.

Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 72
Test Type	MCQs
Total Questions	25
Total Time	20 Minutes
Total Marks	100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 72

1 / 25

During short period, diminishing returns may follow because.

Quantity of labour is fixed.

Quantity is fixed

Quantity of capital is fixed.

Quantity of any one factor is fixed

2 / 25

Economies and diseconomies determine the shape of.

Long run AC curve

Short run AC

Average fixed cost

None of the above

3 / 25

Which of the following markets comes closest to perfect market.

Wheat market

Cigarette market

Cold drinks market

Stock market.

4 / 25

When MP is zero, TP is.

Minimum

Maximum

Rising

Falling

5 / 25

Which of the following is one of the. assumptions of perfect competition.

Few buyers and few sellers.

Many buyers and few sellers.

Many buyers and many sellers

All sellers and buyers are honest.

6 / 25

A joint stock company has.

Limited liability

Limited capital

Unlimited liability

Unlimited capital

7 / 25

To the economist, investment refers to.

Sale of real estate

Creation of new capital

Purchase of a prize bond.

Decrease in inventories.

8 / 25

Law of decreasing returns generates.

Law of economic growth.

Law of increasing costs

Law of variable costs

Law of decreasing costs.

9 / 25

Under perfect competition MR and AR curves.

Are the same

Are different

Intersect each other

None of the above

10 / 25

A firm under perfect competition is.

Price maker

Price taker

Price shaker

Price breaker

11 / 25

The transformation of resources into economic goods and services is.

Input

Production

Increasing returns

Output

12 / 25

The production function relates to.

Cost to output

Cost out input

Output to input

Demand to output

13 / 25

In an economy government constructed a new water reservoir for the purpose of irrigation this might be taken as.

increase in supply of capital

increase in supply of land

increase in supply of land and supply of capital.

None of the above

14 / 25

Laws of return apply to firms working in.

Perfect competition

Monopoly

Small firm

All kinds of market situations

15 / 25

The major difference between perfect competition and monopolistic competition is.

Unity of firms

Differentiated product

Rate of profit

Free exit and entry

16 / 25

Marginal product curve intersects average product curve when AP curve is.

Minimum

Maximum

Rising

Falling

17 / 25

When diseconomies of scale outweigh economies of scale the.

Long run ac curve rises

Marginal cost falls.

ATC curve falls.

AVC falls.

18 / 25

Which is a condition for existence of monopoly.

Big size

Identical product

Absence of government taxes.

No close substitute

19 / 25

Marginal revenue is always less than price at all levels of output in.

Perfect competition

Monopoly

Both A & B

None of the above

20 / 25

Internal economies of scale include.

Risk-bearing economies.

Trade mark

Managerial economies.

A & C of above

21 / 25

When marginal revenue is zero, total revenues is.

Maximum

Minimum

Zero

Decreasing

22 / 25

This kind of market is undesirable.

General markets

National market

Local market

None of above

23 / 25

Economies of scale are f two kinds.

Temporary and permanent.

Internal and external

Managerial and industrial.

Natural and artificial

24 / 25

Marginal revenue is always less than price at all levels of output in.

Perfect competition

Monopoly

Both A & B

None of the above

25 / 25

Marginal product indicates.

Total product

Average product

Variable product

None of the above

Your score is

The average score is 0%

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