Question : Which of the following best describes a club good?
Option 1: A good that is non- rivalrous and non-excludable
Option 2: A good that is non-rivalrous and excludable
Option 3: A good that is rivalrous and non-excludable
Option 4: A good that is rivalrous and excludable
Correct Answer: A good that is non-rivalrous and excludable
Solution : The correct answer is (b) A good that is non-rivalrous and excludable.
A club good is a type of good that is non-rivalrous, meaning that one person's consumption of the good does not reduce its availability or utility for others. However, it is excludable, which means that access to the good can be restricted or limited to certain individuals.
Examples of club goods include private parks with membership fees, subscription-based digital content platforms, and toll roads with limited access.
Question : Which year marked the third general election in India?
Option 1: 1952
Option 2: 1957
Option 3: 1962
Option 4: 1967
Question :
Find the correct adjective:
Trepidation and apprehension are_______forms of will which are now and then damaging.
Option 1: depraved
Option 2: rejected
Option 3: accepted
Option 4: sole
Option 5: different
Question : Spell the given word
Option 1: pharaoh
Option 2: pharahoh
Option 3: pherorah
Option 4:
pharroah
Option 5: pharohoa
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