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A weekly Haat Bazaar, where there are no statutory stipulations on transactions, is an example of a:
ARegulated market
BUnregulated market
CWholesale market
DForward market
Answer & Solution
Correct answer: B. Unregulated market
1. An unregulated market, also called a free market, has no stipulations on transactions.
2. Weekly markets (Haat Bazaar) are given as the example.
3. A regulated market is statutorily controlled, as a stock exchange is, so it is ruled out.
4. The answer is the unregulated market.
_Source: ICAI BoS CA Foundation Paper 4 Business Economics, Ch 4 Unit I "Meaning and Types of Markets", p.3_
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