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Market — Practice Quiz

NIOS · Class 10 · Economics

Try a 4-question quiz on Market for NIOS Class 10 Economics: tap an answer to check it and see why. 61 questions in the full chapter test.

61 questions30 flashcards5 concepts

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Quick Quiz: Market

0/4

Tap an answer to check it instantly. No sign-up needed for these 4.

1

What does the term market mean in economics?

2

What does the word Monopoly mean?

3

Which feature is true for a monopoly market?

4

Which is an example of government monopoly in India?

61 Questions·
multiple choicemultiple correct

Sample Questions

1multiple correct
1 marks

Which three things are essential for a market to exist?

Show answer

Commodity, Buyers and sellers, Communication between buyers and sellers

A market needs a commodity, buyers and sellers, and communication between them.

2multiple choice
1 marks

Why is there no difference between firm and industry under monopoly?

Show answer

Because there is only one seller

Under monopoly, a single seller exists, so firm and industry are the same.

3multiple choice
1 marks

What is the main aim of the monopolist?

Show answer

To maximise profit

The monopolist aims to maximise profit.

4multiple choice
1 marks

Which market type has large numbers of sellers and buyers?

Show answer

Perfectly competitive market

Perfect competition has a large number of sellers and buyers.

+57 more questions on Market (NIOS Class 10 Economics)

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Frequently Asked Questions

What are the important topics in Market for NIOS Class 10 Economics?
Key topics in Market include Meaning of Market, Structure of Market, Monopoly Market, Perfect Competition. Study these first, then practise questions on each for the NIOS Class 10 board exam.
How many practice questions are there for Market?
There are 61 questions on Market. Try the 4-question sample quiz on this page first; each answer shows an explanation when you tap it.

Sources & Official References

Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.

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All NIOS Class 10 Economics Practice Quiz

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