A cartel is an example of: MCQ with Answer and Explanation

Question

Share Report Error

A cartel is an example of:

A. monopolistic competition

B. collusive oligopoly

C. non-collusive oligopoly

D. perfect competition

Answer: Option B

Solution (By JKSSB Mock Tests)

A cartel is a formal collusive arrangement among oligopolistic firms to fix prices and output.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

Share Report

The 'UNCTAD' headquarters is in:

A. Geneva

B. Paris

C. Vienna

D. New York

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
UNCTAD headquarters is in Geneva.

This question belongs to: Economy GK Economy Set 1

Question #2

Share Report

The 'Finance Commission' is appointed every how many years?

A. 10 years

B. 6 years

C. 5 years

D. 3 years

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Finance Commission is constituted every five years under Article 280.

This question belongs to: Economy GK Economy Set 1

Question #3

Share Report

The 'Bank of Japan' is the central bank of:

A. Taiwan

B. South Korea

C. Japan

D. China

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Bank of Japan is the central bank of Japan.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs