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Nobel Prize for 2018 Literature is given to

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Try These Similar MCQs

  • A When a country can produce a good or service at a lower opportunity cost than another country.
  • B Pursuit of self-interest, division of labor, and freedom of trade.
  • C A theory of free-market capitalism directly opposed to government intervention.
  • D A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
Explanation: Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
  • A Cosmology
  • B Meteorology
  • C Petrology
  • D Orology
Explanation: Cosmology is "the scientific study of the large-scale properties of the universe as a whole."
  • A August 29
  • B August 18
  • C September 29
  • D September 18
  • A Swiss Jean Henri Dunant
  • B Thomas Alva Edison
  • C C V Raman
  • D Wilhelm Rontgen
  • A Traditional Economy: Economic system based on goods, services, and work, all of which follow certain established trends.
  • B Command Economy: A dominant centralized authority – usually the government – that controls a significant portion of the economic structure.
  • C Market Economy: Economic system based on the concept of free markets.
  • D Mixed Economy: Economic system that combine the characteristics of the market and command economic systems.
Explanation: 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.
  • A Infantry Day
  • B Corps of Signals Day
  • C Armoured Corps Day
  • D Corps of Engineers Day

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