Commerce Characteristics and Tax Types Quiz

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Questions and Answers

In the 11th state board 2023 Halfyearly exam Commerce question paper, which of the following is a characteristic of monopolistic competition?

  • Perfect knowledge
  • Product differentiation (correct)
  • Single seller
  • Identical products

As per the 11th state board 2023 Halfyearly exam Commerce question paper, which of the following is a feature of perfect competition?

  • Price discrimination
  • Homogeneous products (correct)
  • Barriers to entry
  • Oligopoly market structure

From the 2023 Halfyearly exam Commerce question paper, which of the following is an example of a regressive tax?

  • Progressive property tax
  • Sales tax on essential goods
  • Flat income tax rate
  • Value-added tax (VAT) (correct)

In the 11th state board 2023 Halfyearly exam Commerce question paper, which of the following is a characteristic of oligopoly?

<p>Interdependence among firms (B)</p> Signup and view all the answers

From the 2023 Halfyearly exam Commerce question paper, which of the following is an example of fiscal policy?

<p>Government increasing public spending to boost economic growth (C)</p> Signup and view all the answers

As per the 11th state board 2023 Halfyearly exam Commerce question paper, which of the following is a feature of monopolistic competition?

<p>Product differentiation (C)</p> Signup and view all the answers

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