Question : Match the characteristics with their market structure:

(a) Difficult entry (often due to economies of scale)

(b) Can sell as much as it can at the market price

Option 1: (a) Monopolistic competition,

(b) Pure monopoly

Option 2: (a) Pure monopoly,

(b) Oligopoly

Option 3: (a) Oligopoly,

(b) Pure competition

Option 4: (a) Pure competition,

(b) Oligopoly

Question : In 2015, the Planning Commission was replaced with the _____.

Option 1: Monetary Policy Committee

Option 2: Competition Commission of India

Option 3: NaBFID

Option 4: NITI Aayog

Question : Competition for food, light and space is most severe in:

Option 1: Distantly related species growing in different habitats

Option 2: Closely related species growing in the same area or niche

Option 3: Closely related species growing in different habitats

Option 4: Distantly  related species growing in the same habitats

Question : Comprehension:
In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.

A no-examination policy would kill the competitive (1) _________among the students. It is (2) _________to encourage healthy competition in today's (3) ___________where all admissions and job (4) __________are based on elimination. Also, (5) ___________the total absence of examinations, (6) _________who truly deserve may not get fair (7) _________, while those who need to (8) ________may not get the right (9)___________. Moreover, examinations help to assess the (10) ____________of teaching.

Question:
Select the most appropriate option to fill in the blank number 4.

Option 1: vocations

Option 2: functions

Option 3: recruitments

Option 4: occupations

Question : Comprehension:
In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.

A no-examination policy would kill the competitive (1) __________among the students. It is (2) __________to encourage healthy competition in today's (3) __________where all admissions and job (4) __________are based on elimination. Also, (5) ___________the total absence of examinations, (6) ________who truly deserve may not get fair (7) __________, while those who need to (8) ___________may not get the right (9)___________. Moreover, examinations help to assess the (10) ___________of teaching.

Question:
Select the most appropriate option to fill in the blank number 1.

Option 1: spirit

Option 2: stamina

Option 3: life

Option 4: soul