UPSC CDS/OTA

Market and Types of Goods

General Studies

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Market and Types of Goods

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Questions

30

Time

30 min

Marks

30

Solutions

All inline

Q1Consider the following statements about Perfect Competition: 1. There are a large number of buyers and sellers. 2. Firms can influence the market price. 3. Products are homogeneous. Which of the above are correct?MediumSolve →Q2Which of the following markets is an example of monopolistic competition in India?EasySolve →Q3Statement: A monopoly firm faces a perfectly elastic demand curve. Is this correct?MediumSolve →Q4Which of the following is NOT a feature of an oligopoly?MediumSolve →Q5Consider the following pairs: Type of Market Example 1. Monopoly Indian Railways 2. Monopolistic Comp. FMCG industry 3. Oligopoly Cement industry Which pairs are correctly matched?MediumSolve →Q6Which of the following is an example of a public good?MediumSolve →Q7Giffen goods show which of the following characteristics?MediumSolve →Q8Inferior goods are those which:MediumSolve →Q9Which one of the following best describes Veblen goods?MediumSolve →Q10Which of these goods is excludable but non-rivalrous?MediumSolve →

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