Practicing Success

Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Non Competitive markets

Question:
Which of the following is the most appropriate form of monopoly?
Options:
Indian railways
FMCG industry
Durable goods industry
Stock exchanges
Correct Answer:
Indian railways
Explanation:
Indian railways is the most appropriate example of a monopoly because this service is provided by the government only through a government owned entity.