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GK Set-1
Economics
Indian Economics
89

Indian Economics MCQ (GK Set-1) with Answers

89) In which of the following market structures is the degree of control over the price of its product by a firm very high?

Imperfect Competition

Perfect Competition

Oligopoly

Monopoly

Answer is:

Monopoly

Indian Economics MCQ (GK Set-1) with Answers

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Related Indian Economics MCQ (GK Set-1) with Answers

90) An oligopoly market where there is one firm which dominates the market, can also be considered as the leader of the group, such oligopoly market is known as:

Competitive Oligopoly

Pure Oligopoly

Partial Oligopoly

Non-competitive oligopoly

Answer is:

Partial Oligopoly

91) Which one of the following come under the category of Veblen goods?

Convenience goods

Conspicuous goods

Specialty goods

Industrial goods

Answer is:

Conspicuous goods

92) Which of the following pricing strategies require auctioning for prices:

Absorption Pricing

Tender Pricing

Marginal Cost Pricing

Going Rate Pricing

Answer is:

Tender Pricing

93) Which of the following is the fastest category of individuals to adopt an innovation?

Early Adopters

Early Majority

Innovators

Leapfroggers

Answer is:

Innovators

Indian Economics MCQ (GK Set-1) with Answers

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