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

Question
Price discrimination is most commonly possible under which market structure?
A. Monopolistic competition
B. Monopoly
C. Perfect competition
D. Oligopoly
Answer: Option B
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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Practice More Economy Set 1 Questions

Question #1
Which of the following is a feature of the 'Beyond GDP' movement?
A. The search for broader indicators of well-being and sustainability that complement or go beyond GDP
B. The complete abandonment of any quantitative indicators
C. The exclusive focus on GDP growth
D. The rejection of all economic statistics
Discuss
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Correct Answer: Option A

Explanation:
The Beyond GDP agenda seeks to develop and use a wider set of indicators—covering health, education, environment, inequality and subjective well-being—to provide a more comprehensive picture of societal progress.
This question belongs to: Economy GK Economy Set 1
Question #2
The 'Customs duty' is levied on:
A. income of citizens
B. imports and exports of goods
C. domestic production
D. services only
Discuss
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Correct Answer: Option B

Explanation:
Customs duty is levied on imports and, in some cases, exports of goods.
This question belongs to: Economy GK Economy Set 1
Question #3
The 'Contingency Fund of India' is held by:
A. Prime Minister
B. RBI
C. Finance Minister
D. President
Discuss
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Correct Answer: Option D

Explanation:
The Contingency Fund of India is placed at the disposal of the President.
This question belongs to: Economy GK Economy Set 1
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