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  • Question
  • Free market is


  • Options
  • A. a condition in the international market where nations do not impose customs duty or other taxes on import of goods
  • B. market where the price of a commodity is determined by free play of the forces of supply and demand
  • C. ports that are exempted from payment of customs duty on articles of commerce, primarily to encourage tourism
  • D. None of the above

  • Correct Answer
  • market where the price of a commodity is determined by free play of the forces of supply and demand 


  • More questions

    • 1. Which of the following pairs of country and the purpose for which U.N. Peace Keeping Force is maintained is correctly is correctly matched?

    • Options
    • A. Cyprus - to maintain peace between the two dominant ethnic groups in the country
    • B. Mozambique - To supervise a referendum
    • C. El Salvador - to deliver humanitarian aid
    • D. Lebanon - For supervising a 1992 accord
    • Discuss
    • 2. The hydronium ion is

    • Options
    • A. H+
    • B. HO -
    • C. H2+
    • D. H3O+
    • Discuss
    • 3. Notes on which denomination has the portrait of Mahatma Gandhi printed on them?


    • Options
    • A. 1000 rupee
    • B. 500 rupee
    • C. 100 rupee
    • D. All of the above
    • Discuss
    • 4. Mycobacterium leprae causes leprosy, Corynebacterium diphtheria causes diphtheria and Vibrio comma causes

    • Options
    • A. tetanus
    • B. influenza
    • C. cholera
    • D. typhoid
    • Discuss
    • 5. The system of competitive examination for civil service was accepted in principle in the year


    • Options
    • A. 1833
    • B. 1853
    • C. 1858
    • D. 1882
    • Discuss
    • 6. Since the inception of the co-operative movement, rural credits has been


    • Options
    • A. institutionalized
    • B. rationalized
    • C. cheapened
    • D. All of the above
    • Discuss
    • 7. Reserve Bank of India was nationalized in the year


    • Options
    • A. 1935
    • B. 1945
    • C. 1949
    • D. 1969
    • Discuss
    • 8. The nucleus of an atom consists of

    • Options
    • A. electrons and neutrons
    • B. electrons and protons
    • C. protons and neutrons
    • D. All of the above
    • Discuss
    • 9. The refineries are Mathura, Digboi and Panipat are set up by

    • Options
    • A. Indian Oil Corporation Ltd.
    • B. Hindustan Petroleum Corporation Ltd.
    • C. Bharat Petroleum Corporation Ltd.
    • D. Crude Distillation unit of Madras Refineries Ltd.
    • Discuss
    • 10. Sir C.V. Raman was awarded Nobel Prize for his work connected with which of the following phenomenon of radiation?

    • Options
    • A. Scattering
    • B. Diffraction
    • C. Interference
    • D. Polarization
    • Discuss


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