Market and Types of Goods · UPSC CDS/OTA · Question 12 of 30

Market and Types of Goods – Question 12

Step-by-step solution. Market and Types of Goods for UPSC CDS/OTA.

Topic
Market and Types of Goods
Subject
General Studies
Difficulty
Medium
Solve Time
45–60 sec

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Q · Market and Types of GoodsMedium · 45s

Which of these statements is/are correct about merit goods? 1. They are under-consumed if left to the market. 2. Education is an example.

TopicMarket and Types of Goods
Question Typemultiple choice
DifficultyMedium
Marking+1 / −0.33
Test Duration30 min

Step-by-Step Solution

The complete worked solution.

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Merit goods like education generate positive externalities and are often subsidised.

Final Answer: Option C — Both 1 and 2
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Market and Types of Goods Question 12 – UPSC CDS/OTA