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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