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Question (21)

QN0024562

When government sets a minimum price for wheat, it mainly protects:

(A) Consumers
(B) Farmers
(C) Importers
(D) Transporters

Correct Answer: B

Explanation:

MSP protects farmers’ income

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Question (22)

QN0024563

Which is an external effect of markets?

(A) Bargaining between seller and buyer
(B) Pollution caused by factories
(C) Price negotiation
(D) Retail shopping

Correct Answer: B

Explanation:

Pollution is a negative externality

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Question (23)

QN0024564

What is the main risk if government controls prices too strictly?

(A) Better quality always
(B) Market may not function efficiently
(C) Increase in exports
(D) Elimination of demand

Correct Answer: B

Explanation:

Over-control reduces market efficiency

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Question (24)

QN0024565

Which of the following helps consumers assess product quality online?

(A) Government taxes
(B) Online reviews
(C) Import duties
(D) Wholesale pricing

Correct Answer: B

Explanation:

Online reviews guide quality assessment

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Question (25)

QN0024566

The main purpose of FSSAI mark is to ensure:

(A) Export promotion
(B) Food safety and quality
(C) Higher prices
(D) Packaging design

Correct Answer: B

Explanation:

Ensures food safety standards

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Question (26)

QN0024567

What does government intervention in markets primarily aim to balance?

(A) Only profits
(B) Demand and supply fairness
(C) Only exports
(D) Only imports

Correct Answer: B

Explanation:

Balances fairness between demand and supply

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Question (27)

QN0024568

If price of a product is too high, government may:

(A) Increase taxes
(B) Set a price ceiling
(C) Ban production
(D) Stop demand

Correct Answer: B

Explanation:

Government sets maximum price limit

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Question (28)

QN0024569

Why are weights and measures monitored by government?

(A) To increase exports
(B) To prevent consumer exploitation
(C) To reduce demand
(D) To control advertising

Correct Answer: B

Explanation:

Ensures fair trade and prevents cheating

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Question (29)

QN0024570

What is the effect of energy-efficient appliances (high BEE rating)?

(A) Higher electricity bills
(B) Lower electricity consumption
(C) Increased pollution
(D) Reduced production

Correct Answer: B

Explanation:

They consume less electricity

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Question (30)

QN0024571

Which best describes government’s role in quality control?

(A) Selling goods directly
(B) Setting standards and certifications
(C) Fixing all prices
(D) Eliminating markets

Correct Answer: B

Explanation:

Government sets quality standards and certifications

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Question (21)

When government sets a minimum price for wheat, it mainly protects:

Explanation:

Link:

Question (22)

Which is an external effect of markets?

Explanation:

Link:

Question (23)

What is the main risk if government controls prices too strictly?

Explanation:

Link:

Question (24)

Which of the following helps consumers assess product quality online?

Explanation:

Link:

Question (25)

The main purpose of FSSAI mark is to ensure:

Explanation:

Link:

Question (26)

What does government intervention in markets primarily aim to balance?

Explanation:

Link:

Question (27)

If price of a product is too high, government may:

Explanation:

Link:

Question (28)

Why are weights and measures monitored by government?

Explanation:

Link:

Question (29)

What is the effect of energy-efficient appliances (high BEE rating)?

Explanation:

Link:

Question (30)

Which best describes government’s role in quality control?

Explanation:

Link:

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