In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that: MCQ with Answer and Explanation

In the context of industrial organisation, the 'Structure-Conduct-Performance' paradigm suggests that:
A. Market structure determines firm conduct which in turn determines performance
B. Only performance matters
C. Performance determines structure
D. Conduct is independent of structure
Answer: Option A
Solution (By JKSSB Mock Tests)
The traditional SCP paradigm posits a causal chain from market structure (concentration, entry barriers) to firm conduct (pricing, advertising) to market performance (profits, efficiency).

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Practice More Economy Set 1 Questions

Question #1
The Narasimham Committee was associated with reforms in:
A. banking and financial sector
B. agriculture
C. labour laws
D. taxation

Correct Answer: Option A


Explanation:
The Narasimham Committee recommended banking and financial sector reforms.

This question belongs to: Economy GK Economy Set 1
Question #2
Capital account convertibility means:
A. abolition of all capital controls
B. fixed exchange rate
C. free conversion of the rupee for current account transactions only
D. free conversion of the rupee into foreign currency for capital account transactions

Correct Answer: Option D


Explanation:
Capital account convertibility allows free conversion of the rupee for capital account transactions.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'International Monetary Fund' has how many member countries?
A. 193
B. 190
C. 164
D. 150

Correct Answer: Option B


Explanation:
The IMF has 190 member countries.

This question belongs to: Economy GK Economy Set 1