PPSC FPSC KPPSC BPSC SPSC NTS Commerce Online Test No. 74

Leave a Comment / By Hassan / January 10, 2023 January 10, 2023

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 74
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. 74

1 / 25

A firm decides to shut down production temporarily when.

MC start rising

AC start rising

Price = AC

Price falls below AVC

2 / 25

In monopoly and perfect competition the cost curves are.

Similar

Opposite monopoly

Different

Falling in competition, rising in monopoly.

3 / 25

A monopoly firm is in equilibrium when.

MC intersects AC

MC intersect MR

AC intersect AR

TC intersects TR

4 / 25

The necessary condition for equilibrium position of a firm is.

MR > MC

MC = MR

MC = AC

MC > price

5 / 25

Sometimes the supply curve of labour bends.

Downward

Upward

Backward

Firstly upward and then downward

6 / 25

Profit is maximum when.

TC and TR curves are parallel

MC and MR curves are parallel.

TC and TR curves cross each other

AC and AR curves cross each other.

7 / 25

If a firm shuts down temporarily, will incur loss equal to.

AFC

AR = AC

None of above

8 / 25

A monopoly generally

Allocates resources in a socially optimal way.

Encourages greater income equality.

Encourages greater efficiency.

Produces less quantity than the quantity which minimizes average cost

9 / 25

Economic profit is.

Part of total cost

Total revenue minus total cost

Total revenue minus variable cost.

Total variable cost minus total fixed cost.

10 / 25

Under perfect competition.

AC = AVC

AR = AC

AR = MR

MC = MR

11 / 25

A firm earns economic profit when total profit exceeds.

Normal profit

Implicit costs

Explicit costs

Variable costs

12 / 25

Union leaders are in a better position to bargain for higher wages if demand for labour is.

Elastic

Inelastic

Very large

Permanent

13 / 25

There are large number of sellers and buyers in the market but none is able to influence market price. Such a market is called.

Free

Regular

Open

Competitive

14 / 25

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

Perfect competition

Monopoly

Both A & B

None of the above

15 / 25

A firm decides to exit the industry when.

AC starts rising

MC starts rising

Price is less than LAC

TC starts rising

16 / 25

The most efficient scale of production of a firm is where.

LAC is minimum

SAC is minimum

LMC is minimum

SMC is minimum

17 / 25

Marginal revenue of a monopolist is.

Equal to price

Greater than price

Increases with output.

18 / 25

Normal profit is called normal because.

it is neither very high nor very low.

it is minimum acceptable to the producer.

it is minimum which buyer wants to pay.

it is the maximum allowed by govt.

19 / 25

The necessary condition for equilibrium of firm is.

AVC = AFC

MC = MR

20 / 25

When a competitive firm achieves long run equilibrium then.

P = MC

MR = MC

P = ATC

All of the above

21 / 25

The basic goal of a firm is to.

Maximize revenues

Maximize employees' welfare.

Maximize profit

Maximize output.

22 / 25

Normally MR curve intersects MC curve at points.

23 / 25

In the long run under perfect competition a firm produces at a point where.

LAC is minimum

SAC is minimum

Both LAC and SAC are minimum

None is minimum

24 / 25

A firm should shut down in the short run if it is not covering its.

Variable cost

Fixed cost

Total cost

Explicit cost (money outlays).

25 / 25

Normal profit is.

Part of total cost

Part of economic profit.

Part of fixed cost

Total revenue minus total cost.

Your score is

The average score is 0%

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