MCQ 11 MarkWhich certification is used for electronic appliances to indicate energy efficiency?AISIBAGMARKCFSSAI✓BEE Star RatingAnswerCorrect option: D. BEE Star RatingDView full question & answer→
MCQ 21 MarkWhat does “MSP” stand for in the context of agricultural markets?AMaximum Selling Price✓Minimum Support PriceCMarket Standard PriceDMandatory Selling PolicyAnswerCorrect option: B. Minimum Support PriceBView full question & answer→
MCQ 31 MarkThe concept of “consumer rights” includes:ARight to safetyBRight to informationCRight to choose✓All of the aboveAnswerCorrect option: D. All of the aboveDView full question & answer→
MCQ 41 MarkWhich government body in India ensures food quality and safety?AISIBAGMARK✓FSSAIDBEEAnswerCorrect option: C. FSSAICView full question & answer→
MCQ 51 MarkWhat is the role of wholesalers in a market?AThey sell goods directly to consumers✓They purchase goods in bulk from manufacturers and sell them to retailersCThey control the government price policiesDThey only deal with agricultural productsAnswerCorrect option: B. They purchase goods in bulk from manufacturers and sell them to retailersBView full question & answer→
MCQ 61 MarkThe term “barter system” refers to:✓Exchange of goods and services without using moneyBA modem form of trading using credit cardsCAn online marketplaceDA banking transactionAnswerCorrect option: A. Exchange of goods and services without using moneyAView full question & answer→
MCQ 71 MarkThe price of a product in a market is primarily determined by:AGovernment policies✓Supply and DemandCAdvertising strategiesDConsumer complaintsAnswerCorrect option: B. Supply and DemandBView full question & answer→
MCQ 81 MarkWhich of the following is NOT a type of market?APhysical MarketBVirtual Market✓Non-Competitive MarketDWholesale MarketAnswerCorrect option: C. Non-Competitive MarketCView full question & answer→