Regulation of Markets and Competition Policy

Economics ⇒ Government and the Economy

Regulation of Markets and Competition Policy starts at 11 and continues till grade 12. QuestionsToday has an evolving set of questions to continuously challenge students so that their knowledge grows in Regulation of Markets and Competition Policy. How you perform is determined by your score and the time you take. When you play a quiz, your answers are evaluated in concept instead of actual words and definitions used.

See sample questions for grade 11

Describe the difference between a monopoly and perfect competition.

Describe the impact of government-imposed minimum wages on the labour market.

Describe the impact of price ceilings on market equilibrium.

Explain how government regulation can help in correcting negative externalities.

Explain the concept of 'barriers to entry' and give one example.

Explain the role of government in ensuring competitive markets.

Explain the term 'cartel' and its impact on market competition.

Explain the term 'market failure' and give one example relevant to the Indian economy.

Explain why public goods often require government regulation or provision.

What is the main objective of market regulation by the government?

What is the purpose of anti-trust laws in India?

What is the role of the Essential Commodities Act in India?