MCQ Questions for CA Foundation Exam preparation (6 jan 2024- ECO & Bck)

Q1. Which curve does intersect AC and AVC curve at its minimum point:

(a) MC Curve (b) AFC Curve (c) AVC Curve (d) None of above

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Q2. The optimum level of production for a firm is, where –

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(a) MC is minimum (b) AVC is minimum (c) AFC is minimum (d) AC is minimum

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Q3. Which curve is never U-shaped?

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(a) TFC curve (b) AVC curve (c) AC curve (d) MC curve

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(a) Perfect Competition (b) Monopoly (c) Duopoly (d) Monopolistic Competition

Q4. Under which market, there are many varieties of product for the consumers –

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(a) Full Oligopoly (b) Partial Oligopoly (c) Syndicated Oligopoly (d) Organised Oligopoly

Q5. In which type of Oligopoly, the price leadership exists –

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(a) Average cost curve (b) Average Variable Cost curve (c) Marginal Cost curve (d) Average Revenue curve

Q6. Under Perfect Competition Market, the supply curve is –

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(a) Profit Curve (b) Planning Curve (c) Demand Curve (d) Indifference Curve

Q7. Other Name of LAC curve is :

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(a) Will always be positive (b) Will always be negative (c) Can be positive or negative but not zero (d) Can be positive or negative or zero

Q8. Marginal Utility –

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Answer Key Q1- A Q2- D Q3- A Q4- D Q5- B Q6- C Q7- B Q8- D

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