Microeconomics Quiz 1

The post is about an Economics and Microeconomics quiz with answers. There are 20 multiple-choice type questions covering the topics related to utility, competitive market, equilibrium, normal goods, marginal returns, monopolistic competitive market structure, revenue, fixed costs, profit, demand, substitute goods, and elasticity of demand. Let us start with the microeconomics quiz with answers.

Online Microeconomics Quiz with Answers

1. Which of the following is an example of a fixed cost for a firm?

 
 
 
 

2. What is the main purpose of a price ceiling in a market?

 
 
 
 

3. In the context of demand and supply, what does the “equilibrium price” represent

 
 
 
 

4. Which of the following is a characteristic of a monopolistic competitive market structure?

 
 
 
 

5. Which of the following is an example of a positive externality?

 
 
 
 

6. What happens to consumer surplus when the price of a good decreases?

 
 
 
 

7. Which of the following is an example of a normal goods

 
 
 
 

8. What is the law of diminishing marginal returns

 
 
 
 

9. In a perfectly competitive market, how does a firm maximize profit in the long run?

 
 
 
 

10. What is the formula for calculating total revenue in economics?

 
 
 
 

11. Which of the following is a characteristic of a natural monopoly?

 
 
 
 

12. Which of the following is NOT a characteristic of a perfectly competitive market

 
 
 
 

13. What is the profit-maximizing level of output for a perfectly competitive firm in the short run?

 
 
 
 

14. What is the cross-price elasticity of demand for substitute goods?

 
 
 
 

15. What is the shape of the demand curve for a perfectly competitive firm?

 
 
 
 

16. In the long run, a firm in a competitive market will earn

 
 
 
 

17. What is the main objective of a firm in the short run?

 
 
 
 

18. Which of the following is NOT a determinant of demand?

 
 
 
 

19. What is the primary goal of antitrust laws?

 
 
 
 

20. In economics, what does the term “utility” refer to

 
 
 
 

Online Microeconomics Quiz with Answers

  • In economics, what does the term “utility” refer to
  • Which of the following is NOT a characteristic of a perfectly competitive market
  • What happens to consumer surplus when the price of a good decreases?
  • In the context of demand and supply, what does the “equilibrium price” represent
  • Which of the following is an example of a normal goods
  • What is the main objective of a firm in the short run?
  • In the long run, a firm in a competitive market will earn
  • What is the law of diminishing marginal returns
  • Which of the following is a characteristic of a monopolistic competitive market structure?
  • What is the profit-maximizing level of output for a perfectly competitive firm in the short run?
  • What is the formula for calculating total revenue in economics?
  • Which of the following is an example of a fixed cost for a firm?
  • In a perfectly competitive market, how does a firm maximize profit in the long run?
  • What is the shape of the demand curve for a perfectly competitive firm?
  • Which of the following is NOT a determinant of demand?
  • Which of the following is an example of a positive externality?
  • What is the primary goal of antitrust laws?
  • What is the cross-price elasticity of demand for substitute goods?
  • Which of the following is a characteristic of a natural monopoly?
  • What is the main purpose of a price ceiling in a market?
MCQs Microeconomics Quiz with Answers

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MCQs Development of Social Thoughts 2

The post is about the MCQs Development of Social Thoughts with answers. There are 20 multiple-choice questions from Development of Sociological Thoughts. It is related to the theories developed by the founding fathers of sociology, Auguste Comte and Herbert. Spencer explains the social processes and organizations that belong to this. The quiz will provide familiarity with the history of social thought, stages of social development, and change.

This quiz is one of a series of Quizzes on the Subject of Sociology. Let us start with the MCQS Development of Sociological Thoughts Quiz now.

Please go to MCQs Development of Social Thoughts 2 to view the test

Online MCQs Development of Social Thoughts with Answers

MCQs Development of Social Thoughts with Answers
  • “False customs and traditions are one the social disease of the society” was said by?
  • Which Muslim Scholar wrote “Keemia E Saadat?”
  • The power of Ethnocentrism is based on two principles, social solidarity and —————.
  • ————— is a system of interconnected abstractions or ideas that condense and organize knowledge about the social world.
  • The concept of Yin and Yang is given great importance in ————- Philosophy.
  • Which Pakistani Philosopher presented the “Theory of Self?”
  • A person who utilizes his capacities and resources for the attainment of a goal while keeping a firm reliance on Allah is called —————.
  • Imam Ghazali presented ————- principles of being an idea king.
  • The last phase of social thought includes
  • ———- Perspective is a framework for building theory that sees society as a platform of inequality.
  • The word “Khudi” is of ————- language.
  • ————- School of thought was shifted from India to China.
  • An Italian Sociologist presented the concept of “circulation of Elites”. Which Muslim philosopher presented that concept already?
  • “A ruler is necessary to make people comply to the orders of Allah,” was said by —————-.
  • Identify which of the following is a major school of thought in Chinese Philosophy.
  • —————- is a perspective that focuses on social structures and interpersonal relationships that shape society as a whole.
  • The book ‘Shaoor e Agahi’ was written by ————–.
  • Socrates is one of the main characters of ————— philosophy.
  • —————— presented the concept of Pan Islamism.
  • “Ra” the Sun God belonged to ——————- philosophy.

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Development of Sociological Thoughts MCQs 1

The quiz is about the Development of Sociological Thoughts MCQs with answers. There are 20 multiple-choice questions from Development of Sociological Thoughts. It is related to the theories developed by the founding fathers of sociology, Auguste Comte and Herbert. Spencer explains the social processes and organizations that belong to this. This quiz will provide familiarity with the history of social thought, stages of social development, and change.

This quiz is one of a series of Quizzes on the Subject of Sociology. Let us start with the Development of Sociological Thoughts MCQs now.

Please go to Development of Sociological Thoughts MCQs 1 to view the test

Online Development of Sociological Thoughts MCQs with Answers

  • Allama Ibne Khuldon presented the concept of ————- society.
  • According to Shah Wali Ullah, which is society’s major social disease?
  • The first phase of social thought includes
  • Perspective is a framework for building theory that sees society as an arena of inequality that generates conflict and change.
  • Parents are responsible for the upbringing of their children, parents should develop in them the qualities of self-respect, modesty, and honor.
  • Allama Iqbal died in ————–.
  • Imam Ghazali presented the ————- principles for being an ideal king.
  • Allama Iqbal’s theory of nationalism includes ————–.
  • Which Sociologist presented a concrete theory on suicide?
  • Identify which of the following is a major school of thought in Chinese Philosophy.
  • A person who utilizes his capacities and resources for the attainment of a goal while keeping a firm reliance on Allah is called —————.
  • ———- is a power that holds society together, and creates social solidarity and homogeneity.
  • Parents are responsible for the upbringing of their children, parents should develop in them the qualities of self-respect, modesty, and honor.” Who said that?
  • Which sociologist said that just like a human body a society can get sick as well due to different social diseases?
  • Allama Iqbal was born in ———-.
  • The last phase of social thought includes —————.
  • —————- perspective is a framework that sees society as a system of interrelated parts that work together to promote balance and stability in society.
  • Which Western thinker coined the term Sociology?
  • “Bang e Dara” is the publication of
  • False customs and traditions are one the social diseases of the society” was said by?
Development of Sociological Thoughts MCQs with Answers

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