WBCS.LIVE practice question

A black market is a situation where in-

Solve this multiple-choice question and check the correct answer with its explanation below.

Answer options

  1. Goods are loaded by the producers
  2. Goods are sold secretly
  3. Goods are sold at prices higher than what is fixed by the government
  4. Goods are made available only after there is a rise in prices

Correct answer and explanation

Correct answer: Goods are sold secretly