Classification of Markets 2

Q. How many markets are there, based on the nature of transaction?

1. 2
2. 3
3. 4
4. 5

Q. Which of the following is a theoretical concept?

1. Monopoly
2. Perfect Competition
3. Monopolistic Competition
4. Oligopoly

Q. Oligopoly has been derived from two Greek terms, and.

1. oligum
2. poll
3. oligoi
4. poly

Q. Who coined the term 'Monopolistic Competition'?

1. Prof Stuart Williamson
2. Prof James M. Roger
3. Prof Edwin Jones
4. Prof Edward H. Chamberlin

Q. In which type of market does the transaction takes place on a credit basis?

1. Forward Market
2. Backward Market
3. Ideal Market
4. Spot Market

Q. What is an Oligopsony Market?

1. A market that has a lot of buyers.
2. A market that has no buyers at all.
3. A market that has only a few buyers.
4. A market that has no sellers at all.

Q. What is a market having only a few buyers called?

1. Monopoly Market
2. Perfect Competition
3. Oligopsony Market
4. Ideal Market

Q. Assertion (A): Unregulated markets are absolutely free of all the market regulations.

Reason (R): The rule and regulation of the appropriate agencies are either minimal or does not exist at all.

Choose the correct option.

1. Both A and R are true and R is the correct explanation of A.
2. Both A and R are true but R is not the correct explanation of A.
3. A is true but R is false.
4. A is false but R is true

Q. Competition has no role to play in a market.

1. True
2. False

Q. How many types of markets are there based on the regulation of markets?

1. 2