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Topic Market structures
Asked 3 times in CDS over 1 years (2020–2021), peaking in 2020.
Key insights
- Most tested in CDS — 3 of 3 PYQs
- Most asked in 2020
- Recurs across 2 years (2020–2021)
Across exams
CDS · 3How the concept evolved
Rising — more than half its appearances (3 of 3) are since 2016.
Related concepts
Ideas UPSC tests alongside this one — keep exploring.
Sample questions
You've seen the pattern — here are a few of the actual PYQs.
CDS2021
Which one of the following is a typical example of monopolistic competition?
- A Retail vegetable markets
- B Market for soaps ✓
- C Indian Railways
- D Labour market for software engineers
✓ Correct answer: (B)
Economy › Macroeconomics
CDS2020
A market, in which there are a large number of firms, homogeneous product, infinite elasticity of demand for an individual firm and no control over price by firms, is termed as
- A oligopoly
- B imperfect competition
- C monopolistic competition
- D perfect competition ✓
✓ Correct answer: (D)
Economy › Macroeconomics
CDS2020
Match List-I with List-II and select the correct answer using the code given below the Lists
| List I (Market structure) | List II (Characteristic) |
|---|
| A. Perfect competition | 1. Only one producer selling one commodity |
| B. Monopoly | 2. Few producers selling similar or almost similar products |
| C. Monopolistic competition | 3. Many producers selling differentiated products |
| D. Oligopoly | 4. Many producers selling similar products |
Codes:
- A A-4 B-3 C-1 D-2
- B A-4 B-1 C-3 D-2 ✓
- C A-2 B-1 C-3 D-4
- D A-2 B-3 C-1 D-4
✓ Correct answer: (B)
Economy › Macroeconomics
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