InterviewSolution
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InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Price floor is ______ the equilibrium price :A. lower thanB. higher thanC. equal toD. all of these |
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Answer» Correct Answer - B N/a |
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| 2. |
Price floor is fixed to protect the interest ofA. consumersB. governmentC. producersD. none of these |
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Answer» Correct Answer - C N/a |
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| 3. |
Minimum price ceiling refers to the minimum price :A. the buyer is willing to payB. the seller is willing to chargeC. the buyer must buy atD. all of these |
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Answer» Correct Answer - C N/a |
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| 4. |
Maximum price ceiling means the maximum price :A. Producers of a good or a service are allowed to chargeB. Producers of a good or a service are willing to chargeC. the buyer is willing to payD. none of these |
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Answer» Correct Answer - A N/a |
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| 5. |
Price ceiling and support price are examplesd ofA. direct intervention of govt.B. indirect interventation of govt.C. free interaction of market forcesD. all of these |
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Answer» Correct Answer - A N/a |
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| 6. |
The maximum quantity fixed by the government that can be purchased through fair price shops is :A. rationingB. price ceilingC. floor priceD. all of these |
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Answer» Correct Answer - A N/a |
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| 7. |
Minimum wage legislation helps in determining equilibrium inA. commodity marketB. labour marketC. foreign exchange marketD. none of these |
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Answer» Correct Answer - B N/a |
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