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 : The situation in which total Revenue equals total cost, is known as :

Option 1: monopolistic competition.

Option 2: equilibrium level of output .

Option 3: break even point .

Option 4: perfect competition .

Question : The equilibrium of a firm under perfect competition will be determined when:

Option 1: Marginal Revenue > Average cost

Option 2: Marginal Revenue > Average Revenue

Option 3: Marginal Revenue = Marginal cost

Option 4: Marginal cost > Average cost

Question : Swachh Toycathon Competition 2022 was launched in India by Ministry of______________.

Option 1: Finance

Option 2: Commerce and Industry

Option 3: Housing and Urban Affairs

Option 4: Culture

Question : Comprehension:

Read the given passage and answer the questions that follow.

Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.

Question:

Select the most appropriate ANTONYM of the given word with reference to its usage in the passage.

Debilitating

Option 1: Enfeebling

Option 2: Crippling

Option 3: Invigorating

Option 4: Undermining