- Perfect monopoly
- Bilateral monopoly
- Natural monopoly
- Ordinary monopoly
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What is the shape of the demand curve faced by a firm under perfect competition?
Answer: Option 1 The shape of the demand curve faced by a firm under perfect competition is Horizontal. The demand curve faced by a firm in a perfectly competitive market...
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In India, rural incomes are generally lower than the urban incomes, which of the following reasons account for this I=A large number of farmers are illiterate and know little about scientific agricultureII=Prices of primary products are lower than those of manufactured products III=Investment in agriculture has been low when compared to investment in industry?
Answer: Option 1 In India, rural incomes are generally lower than the urban incomes, because large number of farmers are illiterate and know little about scientific agriculture, Prices of primary...
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In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are?
Answer: Option 1 In an income statement, when costs become cost of sold goods and manufactured products are sold, such costs are inventoriable costs. Inventoriable costs are included in the...
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What market situation exists where there is only one buyer and only one seller?
Answer: Option 4 Let'
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What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?
Answer: Option 1 Let'
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Despite holding a monopoly, the East India Company had faced competition from what it had termed as the 'interlopers' represented by the?
Answer: Option 3 Despite holding a monopoly, the East India Company had faced competition from what it had termed as the 'interlopers' represented by the British free merchants.
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A firm under perfect competition will be making minimum losses (in the short run) at a point where?
Answer: Option 3 A firm under perfect competition will be making minimum losses (in the short run) at a point where MC=MR. In order to maximize profits in a perfectly...
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Directions : Following question consists of a statement followed by three arguments I, II and III . You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be only few banks in place of numerous smaller banks in India Arguments : I. Yes. This will help secure the investor's money as these big banks will be able to withstand intermittent market related shocks. II. No. A large number of people will lose their jobs as after the merger many employees will be redundant. III. Yes. This will help consolidate the entire banking industry and will lead to healthy competition.?
Answer: Option 1 The security of the investor's money is not related to the size of the bank. Besides even after consolidation, the number of investors, their amounts and hence...
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Statement : The meteorological department has issued a notification forecasting less rainfall during next year's monsoon. Courses of Action : I. The government should immediately set up a water authority for proper management of water resources. II. The water supply authorities should be asked to implement reduction in regular water supply to tackle the situation. III. The farmers should be advised to cultivate alternate crops which require less water during the coming months.?
Answer: Option 1 Getting the information well in advance clearly suggests that adequate water be saved for the crisis by proper management and moderate cuts in water supply. Cultivating alternate...
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