All Courses
Explore Courses UPSC Exam UPSC Test Series Free Notes EduRev Infinity Get the App Login Join for Free
Sign in Open App
Banking Exams Exam  >  Banking Exams Questions  >   Which among the following characteristic is ... Start Learning for Free
Which among the following characteristic is correctly matched with the given market structure?
  • a)
    Perfect competition - All firms sell an identical product
  • b)
    Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodity
  • c)
    Oligopoly - Many producers sell products that are not perfect substitutes
  • d)
    Monopoly - A market or industry is dominated by a small number of large sellers
  • e)
    None of these
Correct answer is option 'A'. Can you explain this answer?
Clear all your Banking Exams doubts with EduRev
Most Upvoted Answer
Which among the following characteristic is correctly matched with th...
Perfect competition is the situation prevailing in a market in which buyers and sellers are so numerous and well informed that all elements of monopoly are absent and the market price of a commodity is beyond the control of individual buyers and sellers.
Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another and so are not perfect substitutes.
A monopoly exists when a specific person or enterprise is the only supplier of a particular commodity.
An oligopoly is a market form wherein a market or industry is dominated by a small number of large sellers.
Hence, the correct option is (A).
Explore Courses for Banking Exams exam

Similar Banking Exams Doubts

To be successful, the banks understand their different customers, differentiate them on certain characteristics, and offer different types of banking and other financial products which best suit a particular segment. But certain core products are offered to all the segments. Here, the competition among banks lies in offering the products in the best possible manner. But there are some new products offered by banks called augmented products. So, the overall products of the banks are classified into three types, one of which is Deposit products. These products are offered to deposit the funds in different ways and since the customers deposits form the banks liability, these are also called Liability products. Some such products are Savings Deposits, Current Deposits, Term Deposits, etc. Savings and Current Deposits are demand Deposits whereas Term Deposits involve RDs, FDs, and Combination Term Deposits.Q. Which among the following is not a Combination deposit scheme of banks?

Directions: Study the given information carefully and answer the question that follows.MNO institute organises a competition of Singing, Dancing and Acting. In this competition, one person can participate in one or more competitions. Except 1/4th of the competitors, all participate in Dancing. The number of participants participating in Dancing is 15 times the number of participants participating in Singing only. The number of participants participating in both Singing and Acting but not in Dancing is 20. The number of participants participating in Singing only is 40 less than the number of participants participating in Acting only. The number of participants participating in Dancing only is thrice the number of participants participating in Acting only. The number of participants participating in Singing is one-third the number of participants participating in Dancing.What is the ratio of the number of participants in Dancing only to that in Singing only?

Directions: Study the given information carefully and answer the question that follows.MNO institute organises a competition of Singing, Dancing and Acting. In this competition, one person can participate in one or more competitions. Except 1/4th of the competitors, all participate in Dancing. The number of participants participating in Dancing is 15 times the number of participants participating in Singing only. The number of participants participating in both Singing and Acting but not in Dancing is 20. The number of participants participating in Singing only is 40 less than the number of participants participating in Acting only. The number of participants participating in Dancing only is thrice the number of participants participating in Acting only. The number of participants participating in Singing is one-third the number of participants participating in Dancing.What is the number of participants who participate in both Dancing and Acting but not in Singing?

Directions: Study the given information carefully and answer the question that follows.MNO institute organises a competition of Singing, Dancing and Acting. In this competition, one person can participate in one or more competitions. Except 1/4th of the competitors, all participate in Dancing. The number of participants participating in Dancing is 15 times the number of participants participating in Singing only. The number of participants participating in both Singing and Acting but not in Dancing is 20. The number of participants participating in Singing only is 40 less than the number of participants participating in Acting only. The number of participants participating in Dancing only is thrice the number of participants participating in Acting only. The number of participants participating in Singing is one-third the number of participants participating in Dancing.What is the total number of participants?

Top Courses for Banking ExamsView all

Top Courses for Banking Exams

Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer?
Question Description
Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer?.
Solutions for Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.
Here you can find the meaning of Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer?, a detailed solution for Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? has been provided alongside types of Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Which among the following characteristic is correctly matched with the given market structure?a)Perfect competition - All firms sell an identical productb)Monopolistic competition - A specific person or enterprise is the only supplier of a particular commodityc)Oligopoly - Many producers sell products that are not perfect substitutesd)Monopoly - A market or industry is dominated by a small number of large sellerse)None of theseCorrect answer is option 'A'. Can you explain this answer? tests, examples and also practice Banking Exams tests.
Explore Courses for Banking Exams exam

Top Courses for Banking Exams

Explore Courses
SaveJoin the Discussion on the App for FREE
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev
Get App
© EduRev
Education Revolution
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup