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 in which all goods are free without any monetisation
B. Markets without any economic activity
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 term 'Most Favoured Nation' treatment under WTO implies:
A. Non-discriminatory treatment among all member countries
B. Higher tariffs for all members
C. Preferential treatment to one country at the expense of others
D. Complete free trade without any rules

Correct Answer: Option A


Explanation:
The MFN principle requires that any trade advantage granted to one WTO member must be extended to all other members, ensuring non-discrimination.

This question belongs to: Economy GK Economy Set 1
Question #2
The 'International Finance Corporation' is a member of the:
A. United Nations only
B. IMF
C. WTO
D. World Bank Group

Correct Answer: Option D


Explanation:
IFC is a member of the World Bank Group.

This question belongs to: Economy GK Economy Set 1
Question #3
The 'Forward Markets Commission' was merged with which organization in 2015?
A. SEBI
B. NITI Aayog
C. RBI
D. IRDAI

Correct Answer: Option A


Explanation:
The Forward Markets Commission was merged with SEBI in 2015.

This question belongs to: Economy GK Economy Set 1