NextMockSearch exams, e.g. SSC CGL, UPPSC, Lekhpal
Railways PYQCBT 1 2016

RRB NTPC · Question 70

In a certain town, ST Bazaar is the only option for people to buy groceries. A healthy marketplace is characterized by competition and not monopoly. Which conclusion follows the given statements? A. ST Bazaar is a family owned business B. ST Bazaar is a super market C. ST Bazaar has a monopoly in the town D. ST Bazaar is liked by most people of the town.

  1. A

  2. B

  3. C

  4. D

Show answer & explanation

Answer: (C) C

Explanation

If ST Bazaar is the only place in town to buy groceries, it faces no competition, and that is what a monopoly means. Nothing in the statements says who owns it, whether it is a supermarket, or whether people like it.