Railways PYQCBT 1 2016

RRB NTPC · Question 65

Which of the following is the best example of free market? A. A market where goods can be transported for free B. Government owned markets C. Markets where goods are heavily discounted D. Market where price is determined by demand and supply.

  1. B

  2. D

  3. A

  4. C

Show answer & explanation

Answer: (B) D

Explanation

In a free market, prices are set by supply and demand with little government control.