A monopolist maximizes profit at the level of output where: MCQ with Answer and Explanation

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A monopolist maximizes profit at the level of output where:

A. MC = AR

B. AR = AC

C. AC is minimum

D. MR = MC

Answer: Option D

Solution (By JKSSB Mock Tests)

A monopolist maximizes profit by producing where marginal revenue equals marginal cost.

This question belongs to: Economy GK Economy Set 1

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Which of the following is an example of a negative externality?

A. Education

B. Vaccination

C. Research and development

D. Pollution from industrial activity

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Correct Answer: Option D

Explanation:
A negative externality imposes costs on third parties. Industrial pollution harms the environment and health of people who are not parties to the production decision.

This question belongs to: Economy GK Economy Set 1

Question #2

The Self-Help Group Bank Linkage Programme in India is implemented mainly by:

A. IRDA

B. NABARD

C. EXIM Bank

D. SEBI

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Correct Answer: Option B

Explanation:
NABARD is the main implementing agency for the SHG-Bank Linkage Programme.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'ICRA' in India is a:

A. credit rating agency

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C. insurance company

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Correct Answer: Option A

Explanation:
ICRA is a credit rating agency.

This question belongs to: Economy GK Economy Set 1

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