Quiznetik

Fundamentals of Economics | Set 2

1. Economics of scales are divided into ________ types.

Correct : A. 2

2. On the basis of competition, markets are classified into __________ types.

Correct : A. 2

3. _______ means absence of competition.

Correct : A. Monopoly

4. The rate at which the commercial banks borrow from the RBI is called as __________

Correct : D. Bank Rate