Millionaire Mode

Auctions and Bidding Strategies

Question 1 of 15

Which type of auction involves a series of rounds, with each bidder submitting a new bid in each round until only one bidder remains?

  1. English Auction
  2. Dutch Auction
  3. First-Price Sealed-Bid Auction
  4. Second-Price Sealed-Bid Auction

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000