Which of the following is NOT a type of market failure?
A. Public goods
B. Asymmetric information
C. Perfect competition
D. Externalities
Answer: Option C
Solution (By JKSSB Mock Tests)
Market failure occurs when free markets fail to allocate resources efficiently. Causes include externalities, public goods, asymmetric information and monopoly power. Perfect competition is an ideal, not a failure.
Explanation:
SDRs are international reserve assets that can be exchanged for freely usable currencies and used in transactions among IMF members and prescribed holders.
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