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Question (31)

QN0024572

What happens when supply of a good increases significantly in market?

(A) Price rises
(B) Price falls
(C) Demand disappears
(D) Government bans it

Correct Answer: B

Explanation:

Increased supply leads to price fall

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Question (32)

QN0024573

Why does government regulate pharmaceutical companies?

(A) To increase advertising
(B) To ensure safety of medicines
(C) To reduce demand
(D) To fix retail shops

Correct Answer: B

Explanation:

Ensures medicine safety and quality

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Question (33)

QN0024574

Which situation best shows market fairness supported by government?

(A) Fraudulent selling
(B) Quality certification and fair pricing
(C) Monopoly pricing
(D) Black marketing

Correct Answer: B

Explanation:

Certification and regulation ensure fairness

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Question (34)

QN0024575

What is the role of government in environmental protection in markets?

(A) Increase industrial waste
(B) Regulate harmful production practices
(C) Promote pollution
(D) Reduce consumer choice

Correct Answer: B

Explanation:

Government regulates pollution and harmful practices

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Question (35)

QN0024576

Why must minimum wage laws exist in markets?

(A) To reduce workforce
(B) To ensure fair livelihood for workers
(C) To increase imports
(D) To reduce production cost only

Correct Answer: B

Explanation:

Ensures fair livelihood for workers

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