Commerce Characteristics and Tax Types Quiz
6 Questions
3 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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</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</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</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser