Art

Boost your knowledge with a comprehensive collection of Arts MCQs with answers and detailed explanations. Covering topics from history of art, literature, philosophy, sociology, political science, and fine arts, these objective questions are designed for students, teachers, and candidates preparing for competitive exams (CSS, PMS, NTS, FPSC, PPSC, UPSC, etc.). Each MCQ is followed by a clear explanation to help you understand concepts better and improve your exam preparation. Perfect for self-assessment, practice, and revision in the field of Arts and Humanities.

3752. Which of the following statements is False?

A. participants in a contestable market are continuously faced with a competition or the threat of competition because entry is cheap
B. In a contestable market, economic profits cannot persist in the long run.
C. In a contestable market, forces will guarantee that the firms produce efficiently or be driven out of business
D. For a market to be contestable, the product must be produced with a labor-intensive technology
✅ The correct answer is option D.

3756. The Vicious circle theory states that?

A. Growing government assistance creates an addiction to welfare programs
B. Low-income levels create pressure for money creation
C. Low income levels create pressure for cheap imports
D. Low per capita incomes creates low savings that keep incomes low
✅ The correct answer is option D.