What type of economy is followed in India?
Traditional Economy: Economic system based on goods, services, and work, all of which follow certain established trends. Command Economy: A dominant centralized authority – usually the government – that controls a significant portion of the economic structure. Market Economy: Economic system based on the concept of free markets. Mixed Economy: Economic system that combine the characteristics of the market and command economic systems.
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A mixed economic system is a system that combines aspects of both capitalism and socialism. This means that some industries are controlled by private businesses and individuals, while other industries are controlled by the government.
________ implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing.
National Happiness Index Psychological Wellbeing Index Living Standards Index Community Vitality Index
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Gross National Happiness (GNH), sometimes called Gross Domestic Happiness (GDH), it provides a way for the country to understand and enact progress based on the society's value of happiness.
What is the pulsating theory of the universe?
A cosmological model that combines both the Big Bang and the Big Crunch as part of a cyclical event An expansion and contraction of the star as a whole in a regular periodic pulsation All the matter of the universe was present in a single place in the form of hot and dense fireball Counting of the galaxies is constant and new galaxies which are forming continuously are filling the empty spaces
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Sir J.C. Bose proposed a theory of the ascent of sap known as the pulsation theory. The Pulsating Universe Theory says that the universe follows self-sustaining cycles such as expanding and contrasting.
Who is considered as the father of economics?
Alfred Marshall Adam Smith David Ricardo Esther Duflo
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Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
By whom and when did the idea of a constituent assembly was first proposed
Dr. Sachinand Sinha, 1949 Dr. Rajendra Prasad, 1949 Dr. B.R Ambedkar, 1946 M.N. Roy, 1934
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The idea of a constituent assembly was first proposed in 1934 by M.N. Roy. However, the actual constituent assembly was formed in 1946 on the basis of the cabinet mission plan.
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