Which market is classified on the basis of degree of competition?

Correct option is C

Correct answer – (c) Markets can be classified based on degree of competition such as perfect competition, monopoly, etc. Monopoly market is a direct example of classification based on competition level. Hence, monopoly markets fit this classification.
Information Booster / Facts Degree of competition determines price control and market power. Examples: perfect competition, monopoly, oligopoly, monopolistic competition.
Why other options are incorrect (a) Commodity market is based on type of commodity traded. (b) Capital market is based on type of financial transaction. (d) Spot market is based on time of delivery/payment.