In the context of the digital economy, 'Zero-Price Markets' are characterised by: MCQ with Answer and Explanation

In the context of the digital economy, 'Zero-Price Markets' are characterised by:
A. Markets without any economic activity
B. Markets in which all goods are free without any monetisation
C. Only traditional markets with positive prices
D. Markets in which the monetary price charged to users is zero and platforms monetise through other means such as advertising or data
Answer: Option D
Solution (By JKSSB Mock Tests)
Zero-price markets are those in which consumers pay no monetary price; the platform typically monetises through advertising, data sales or complementary paid services, raising distinctive issues for competition analysis.

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Practice More Economy Set 1 Questions

Question #1
The 'Goods and Services Tax' on construction services is:
A. 18% for commercial construction
B. 5%
C. 28%
D. 12%

Correct Answer: Option A


Explanation:
Commercial construction services attract 18% GST.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'Imperial Bank of India' was created in 1921 by merging three presidency banks: Bank of Bengal, Bank of Bombay and:
A. Allahabad Bank
B. Bank of Calcutta
C. Punjab National Bank
D. Bank of Madras

Correct Answer: Option D


Explanation:
The Imperial Bank of India was formed by merging Bank of Bengal, Bank of Bombay and Bank of Madras.

This question belongs to: Economy GK Economy Set 1
Question #3
The Gini coefficient value of zero indicates:
A. perfect inequality
B. no unemployment
C. perfect equality of income distribution
D. high poverty

Correct Answer: Option C


Explanation:
A Gini coefficient of zero indicates perfect equality in income distribution.

This question belongs to: Economy GK Economy Set 1