Question : How does globalization impact markets?

Option 1:  It restricts trade to local areas

Option 2: It reduces competition among businesses

Option 3: It increases the interconnectedness of markets

Option 4:  It limits the variety of products available

Question : The existence of political parties in a democracy ensures:

Option 1: The concentration of power in a single party

Option 2: The exclusion of minority opinions from the political process

Option 3: The representation of diverse interests in governance

Option 4: The absence of competition in political elections

Question : Match the characteristics with their market structure:

(a) Marginal Cost (MC) = Market Price(MR)

(b) The firm will tend to set output to earn maximum profit.

Option 1: (a) Pure competition, and (b) Pure monopoly 

Option 2: (a) Pure monopoly, and  (b) Monopolistic competition  

Option 3: (a) Oligopoly, and (b) Monopolistic competition 

Option 4: (a) Pure competition, and (b) Oligopoly 

Question : In-group bias refers to:  

Option 1: The tendency to favor one's own group over others  

Option 2: The preference for interacting with out-group members  

Option 3: The equal treatment of in-groups and out-groups  

Option 4: The competition between different groups  

Question : Select the option that expresses the given sentence in active voice.

When will the results of the dance competition be announced?

Option 1: When will they are announcing the results of the dance competition?

Option 2: When will they announce the results of the dance competition?

Option 3: When they will announce the results of the dance competition?

Option 4: Will they announce the results of the dance competition?