Start learning →

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_
Practise this question with Quill — CA Foundation →

Keep practising Unit 1A: Scarcity, Choice and Opportunity Cost

Browse all Unit 1A: Scarcity, Choice and Opportunity Cost questions for CA Foundation, or explore more Economics topics.

Start a Unit 1A: Scarcity, Choice and Opportunity Cost lesson →