Price discrimination is most commonly possible under which market structure? MCQ with Answer and Explanation

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Price discrimination is most commonly possible under which market structure?

A. Perfect competition

B. Monopolistic competition

C. Oligopoly

D. Monopoly

Answer: Option D

Solution (By JKSSB Mock Tests)

A monopolist can practise price discrimination because it has market power and can prevent resale.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'disinflation' refers to:

A. an increase in inflation

B. a fall in GDP

C. a fall in the price level

D. a decrease in the rate of inflation

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Correct Answer: Option D

Explanation:
Disinflation is a slowdown in the rate of inflation.

This question belongs to: Economy GK Economy Set 1

Question #2

The concept of 'Crowding Out' can occur through which of the following channels?

A. Only through lower interest rates

B. Higher interest rates reducing private investment and appreciation of the currency reducing net exports

C. Only through increased net exports

D. Only through increased private consumption

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Correct Answer: Option B

Explanation:
Government borrowing can raise interest rates (financial crowding out) and, in an open economy, appreciate the currency, thereby reducing net exports (international crowding out).

This question belongs to: Economy GK Economy Set 1

Question #3

The 'National Family Health Survey' is conducted by:

A. NSSO

B. Ministry of Health and Family Welfare with IIPS

C. NITI Aayog

D. RBI

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Correct Answer: Option B

Explanation:
NFHS is conducted by the Ministry of Health and Family Welfare with the International Institute for Population Sciences.

This question belongs to: Economy GK Economy Set 1

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