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AJKPSC Most Important Lecturer Commerce Online Test No. 68

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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.
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Test Instructions:-
Test Name	Lecturer Commerce
Subject	Commerce Test 68
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. 68

1 / 25

Equilibrium:

is a state that can never be achieved in economics.

is an important idea for predicting economic changes

is a stable condition.

is an unstable condition.

2 / 25

Price of a product is determined in a free market.

By demand for the product.

By supply of the product.

By both demand and supply

By the government

3 / 25

When supply of a commodity increases without change in price it is called.

Fall in supply

Expansion in supply

Contraction in supply in

Rise in supply

4 / 25

If a fir makes 200 units of a good available at a price of Rs. 10 per unit, the elasticity is.

0.05

Indeterminate

5 / 25

A decrease I demand causes the equilibrium price to.

Rise

Fall

Remain constant

Indeterminate

6 / 25

Markets where firms supply goods and services demanded by households are:

Factor market

Product market

Open markets

Resource markets

7 / 25

Ten rupees is the equilibrium price for good Z. If govt. fixes price at Rs.5, there is:

A shortage

A surplus

Loss

Excess supply

8 / 25

In market equilibrium, supply is vertical line. The downward sloping demand curve shifts to the right. Then:

Price will fall

Price remains same

Price will rise

Quantity rises

9 / 25

Demand and supply forces determine market price.

Only in perfect competition.

Only in monopoly market.

In both markets

None of the above

10 / 25

Long period supply curve is.

Relatively flatter

Relatively steeper

More elastic

A & C of above

11 / 25

Which of the following shifts supply curve of cars to the right.

Tax on new cars

Increase in wages of workers

Decrease in steel price

A successful promotion campaign by sellers.

12 / 25

Economic development of a country requires.

Skilled labour

Diplomacy

Abundant natural resources.

A & C of above

13 / 25

The three broad types of productive resources are:

Money, profit and interest.

Capital, labour and natural resources

Bond, stock shares and deposits.

Technology, human capital and markets.

14 / 25

An increases in the price of mutton provides information which.

Tells consumers to buy more mutton.

Tells consumers to buy more chicken.

Tells producers to produce more mutton.

Provides no information.

B & C above

15 / 25

If elasticity of supply is one, supply curve will be:

Horizontal

Vertical

Passing through origin

Touching x-axis

16 / 25

Labour is hirable but you cannot hire.

Capital

Land

Manager

Entrepreneur

17 / 25

Supply of a commodity means.

Willingness to sell a certain quantity

Physical stocks available.

Planned production

Total production in a given period.

18 / 25

When demand is perfectly elastic, an increase in supply will result in.

Decrease in quantity sold.

Increase in quantity sold

Fall in price

None of the above

19 / 25

If equilibrium price rises but equilibrium quantity remains unchanged, the cause is.

Supply and demand both increase equally.

Supply and demand both decrease equally .

Supply decreases and demand increases

Supply increases and demand decreases

20 / 25

Land:

is a free gift of nature.

Lacks geographical mobility.

is not hirable.

A & B of above

21 / 25

When price is below equilibrium level, there will be.

Surplus commodity in the market.

Shortage of commodity in the market

Supply curve will shift

Demand curve will shift

22 / 25

Market equilibrium means.

Number of buyers and sellers are equal.

Demand and supply of commodity are equal

No price is changing.

Prices rise very slowly.

23 / 25

Demand and supply curves cross at.

Always at 60 degrees.

At 90 degree

At equal angle

At any angle

24 / 25

Productivity of land can be raised by.

Extensive cultivation

Intensive cultivation

Better marketing

None of the above.

25 / 25

Land means:

Sea

Surface of earth

Natural forests

All natural resources

Your score is

The average score is 0%

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