Top 1,000+ Indian Economy Quiz Questions and Answers 2020-2021 - 1

Question: 1

Monopoly power is achieved through patient right, copy right and trade marks by the producers is called ____ monopoly.

(A) Technical

(B) Natural

(C) Satte

(D) Legal

Ans: D

Legal

Question: 2

____ means government may take over monopolistic companies, which are exploiting the consumer.

(A) Consumer’s association

(B) Nationalisation

(C) Taxation

(D) Legislation

Ans: B

Nationalisation

Question: 3

The firm and industry are one and the same under

(A) Oligopoly

(B) Monopoly

(C) Duopoly

(D) Perfect competition

Ans: B

Monopoly

Question: 4

Village level market is otherwise called ___ market.

(A) Global

(B) Local

(C) National

(D) Regional

Ans: B

Local

Question: 5

Most important form of selling cost is

(A) Homogenous product

(B) Sales

(C) Advertisement

(D) None of these

Ans: C

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