Question : When there is only one buyer and one seller of a product, it is called a ____ situation.

Option 1: public monopoly

Option 2: bilateral monopoly

Option 3: franchised monopoly

Option 4: monopsony

Question : Match the following:

Option 1: 1 - b, 2 - c, 3 - a 

Option 2: 1 - c, 2 - a, 3 - b 

Option 3: 1 - a, 2 - b, 3 - c

Option 4: 1 - b, 2- a, 3 - c

Question : In which market firm, a market or an industry is dominated by a single seller?

Option 1: Oligopoly

Option 2: Monopoly 

Option 3: Duopoly

Option 4: Monopolistic competition

Question : Situation analysis is useful for:

Option 1: analysis of capital market

Option 2: SWOT analysis

Option 3: security market

Option 4: gilt-edged market

Question : The  exchange of commodities between two countries is referred as

Option 1: Balance of trade 

Option 2: Bilateral trade

Option 3: Volume of trade 

Option 4: Multilateral trade