Market — Important Questions
NIOS · Class 10 · Economics
61 important questions from Market for NIOS Class 10 Economics, with answers. Includes multiple choice and multiple correct questions.
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Important Questions from Market
Which three things are essential for a market to exist?
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Commodity, Buyers and sellers, Communication between buyers and sellers
A market needs a commodity, buyers and sellers, and communication between them.
Why is there no difference between firm and industry under monopoly?
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Because there is only one seller
Under monopoly, a single seller exists, so firm and industry are the same.
What is the main aim of the monopolist?
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To maximise profit
The monopolist aims to maximise profit.
Which market type has large numbers of sellers and buyers?
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Perfectly competitive market
Perfect competition has a large number of sellers and buyers.
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Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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