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Multiple Choice Questions
1. monopoly
(A): corrupt
(B): exclusive
(C): rich
(D): gigantic
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QA->In which year did the Congress loose its monopoly of power in the States for the first time after the elections....
QA->When was the monopoly of East India Company in trade brought under the control of the British Crown?....
QA->In which year did the Congress loose its monopoly of power in the States for the first time after the elections?....
MCQ->In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives. The scenario______________ dramatically today. We have the ________________ of powerful Internet monopolies that are much bigger _______________the telcos. Not surprisingly, these companies now see the __________________of monopoly. They would like to combine with telcos to create monopolies for their platforms, ensuring that they control the future of the Internet and freeze their competition_________. Not surprisingly, these companies now see the ______________of monopoly.....
MCQ->Six games are kept one on top of the other. Uno is just above Snakes & Ladders. The Monopoly is between Ludo and Chess. Carrom is between Uno and Ludo. Which game is between the Carrom and Monopoly games?....
MCQ->
Analyse the following passage and provide appropriate answers for questions that follow.
For private goods, competitive markets ensure efficiency despite the decentralized nature of the informati on about individual’s tastes and firm technologies. Implicitly, market competition solved adverse selection problems and the fixed - price contracts associated with exogenous prices solve moral hazard problems. However, markets fail for pure public goods and public intervention is thus needed. In this case, the mechanisms used for those collective decisions must solve the incentive problem of acquiring the private information that agents have about their references for public goods. Voting mechanisms are particular incentive mechanisms without any monetary transfers for which the same question of strategic voting, i.e., not voting according to the true preferences, can be raised. For private goods, increasing returns to scale create a situation of natural monopoly far away from the world of competitive markets. When the monopoly has private information about its cost or demand, its regulation by a regulatory commission becomes a principal – agent problem. (Note: Public goods are those in which individuals cannot be excluded from use and where use by one individual does not reduce availability to others, while an individual can be excluded in case of private goods.)For which of the following goods, can markets not be efficient?
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MCQ->If all the banks in an economy are nationalized and converted into a monopoly bank, the total deposits....
MCQ->When was Monopoly created?....
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