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Name the economist who gave the theory of “Comparative Advantage.”
General Awareness (GA) Competitive Exams (SSC, DSSSB, UPSC, RRB, CET, and State Boards) SSC Combined Graduate Level (SSC CGL)
Q. 2 of Quiz-1851 (Que-ID : 4002)
Name the economist who gave the theory of “Comparative Advantage.”
- Adam Smith
- David Ricardo
- Thomas Robert Malthus
- Amartya Sen
Ans → (b)David Ricardo
Explanation → David Ricardo was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents.
This question is taken from this post → General Awareness Quiz on Economics - attemp/practice
More MCQs in - General Awareness Quiz on Economics
Q. 1 of Quiz-1851 (Que-ID : 4001)
Who is considered as the father of economics?
- Alfred Marshall
- Adam Smith
- David Ricardo
- Esther Duflo
Q. 2 of Quiz-1851 (Que-ID : 4002)
Name the economist who gave the theory of “Comparative Advantage.”
- Adam Smith
- David Ricardo
- Thomas Robert Malthus
- Amartya Sen
Q. 3 of Quiz-1851 (Que-ID : 4003)
What was the comparative advantage theory of David Ricacrdo?
- When a country can produce a good or service at a lower opportunity cost than another country.
- Pursuit of self-interest, division of labor, and freedom of trade.
- A theory of free-market capitalism directly opposed to government intervention.
- A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
Q. 4 of Quiz-1851 (Que-ID : 4004)
__________ is the migration of health personnel in search of a better standard of living and quality of life, higher salaries, access to advanced technology, and more stable political conditions in different places worldwide.
- Immigration
- Emigration
- Brain Drain
- Mass Exodus
Q. 5 of Quiz-1851 (Que-ID : 4005)
________ 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
Q. 6 of Quiz-1851 (Que-ID : 4006)
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.
Q. 7 of Quiz-1851 (Que-ID : 4007)
People who regularly move in and out of poverty (for example small farmers and seasonal workers). The occasionally poor are rich most of the time but may sometimes have a patch of bad luck are called ______
- Chronic poor
- Churning poor
- Transient poor
- Non-poor
Q. 8 of Quiz-1851 (Que-ID : 4008)
_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
Q. 9 of Quiz-1851 (Que-ID : 4009)
Who is called the father of macroeconomics?
- Alfred Marshall
- John Maynard Keynes
- Adam Smith
- Leon Walras
Q. 10 of Quiz-1851 (Que-ID : 4010)
Which of the following activities is also referred to as the 'Gold Collar' profession?
- Primary
- Secondary
- Quinary
- Quaternary
More MCQs In - General Awareness (GA) Competitive Exams (SSC, DSSSB, UPSC, RRB, CET, and State Boards) SSC Combined Graduate Level (SSC CGL)
Directions : (For Que no. 18 )
If you're a fitness walker, there is no need for a commute to a health club. Your neighborhood can be your health club. You don't need a lot of fancy equipment to get a good workout either. All you need is a well-designed pair of athletic shoes.
This paragraph best supports the statement that -
- fitness walking is a better form of exercise than weight lifting
- a membership in a health club is a poor investment.
- walking outdoors provides a better workout than walking indoors
- fitness walking is a convenient and valuable form of exercise
Q. 10 of Quiz- (Que-ID : 4010)
Which of the following activities is also referred to as the 'Gold Collar' profession?
- Primary
- Secondary
- Quinary
- Quaternary
Q. 3 of Quiz- (Que-ID : 4003)
What was the comparative advantage theory of David Ricacrdo?
- When a country can produce a good or service at a lower opportunity cost than another country.
- Pursuit of self-interest, division of labor, and freedom of trade.
- A theory of free-market capitalism directly opposed to government intervention.
- A theory centers on entrepreneurship, knowledge, innovation and technological advancement.
Q. 15 of Quiz- (Que-ID : 1904)
How many crore rupees fined by RBI on standard chartered Bank?
- 9.5 crore
- 75 crore
- 1.95 crore
- 22.5 crore
Q. 26 of Quiz- (Que-ID : 976)
Where is the Doldrums Belt located?
- Near the poles
- Near the tropic of cancer
- Near the Equater
- Near the Tropic of Capricorn
Q. 20 of Quiz- (Que-ID : 297)
Which one of the following is the first private telecom company to get a licence to launch a long distance phone service in india?
- Bharti telesonic
- Nokia
- Reliance
- Airtel
Q. 1 of Quiz- (Que-ID : 2076)
Which country banned the use of foreign currencies
- Azerbaijan
- Afghanistan
- Uzbekistan
- Pakistan
Q. 6 of Quiz- (Que-ID : 3957)
In which unit is the thickness of the stratospheric ozone gas layer measured?
- Caverts
- Dobson unit
- Melsen Unit
- None of these
Q. 14 of Quiz- (Que-ID : 291)
Tea is grown in-
- Hot, wet and hilly region
- Flat region
- Winter season
- Very cold region
Directions : (Q.2 to Q.4) There is some relationship between the two words on one side. The same relationship obtains between the other two words, one of which is missing and given as an alternative below the question. Find the correct alternative.
Q. 4 of Quiz- (Que-ID : 2578)Angry : ? : : Night : Day
- Kind
- Helpful
- Pleased
- Loving
Q. 7 of Quiz- (Que-ID : 2581)
In a certain code, PRAMOD is written as RTCOQF. How is BUSTLE written in that code ?
- URGENT
- DWUVNG
- RTLEIN
- DUWNVG
Q. 3 of Quiz- (Que-ID : 1947)
With Which of the following movements is Aruna Asaf Ali associated?
- Non-coperation Movement
- Civil Disobedience movement
- Individual Satyagrah
- Quit India movement
Q. 13 of Quiz- (Que-ID : 3556)
Which of the following types a PEM cell belongs to?
- Electrolytic cell
- Fuel cell
- Dry cell
- Galvanic cell
Q. 2 of Quiz- (Que-ID : 3969)
In which year was the constituent assembly established?
- 1949
- 1948
- 1946
- 1945
Q. 6 of Quiz- (Que-ID : 4016)
The Charter was issued to the East Indian Company in 1600 by whom?
- King Charles II
- Queen Elizabeth I
- Queen Victoria
- Queen Mary
Q. 9 of Quiz- (Que-ID : 1996)
Who got first Nobel price?
- Jean Paul Sartre
- Swiss Jean Henri Dunant
- Thomas Alva Edison
- Samual Nobel
Q. 7 of Quiz- (Que-ID : 1960)
How many times the President of India can seek re-election to his post?
- once
- 3 times
- 2 times
- Any number of times
Q. 8 of Quiz- (Que-ID : 4019)
Which Act abolished the administration system in India?
- Pitt’s India Act of 1784
- Government of India Act of 1858
- Charter Act of 1913
- Regulating Act of 1773
Q. 4 of Quiz- (Que-ID : 4004)
__________ is the migration of health personnel in search of a better standard of living and quality of life, higher salaries, access to advanced technology, and more stable political conditions in different places worldwide.
- Immigration
- Emigration
- Brain Drain
- Mass Exodus
Q. 7 of Quiz- (Que-ID : 3997)
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
Q. 2 of Quiz- (Que-ID : 3992)
Why does a star produce its own light and heat?
- Nuclear fission
- Nuclear fusion
- Chemical reaction
- None
Q. 7 of Quiz- (Que-ID : 3958)
Which of the following is known as the suicide sac of the cell?
- Lysozyme
- Golgibodies
- Ribosome
- Cytoplasm
Directions : This question (Q.16) is based on the following set of numbers -
319 869 742 593 268
If in each number the first and the third digits are interchanged then which number will be the highest ?
- 319
- 869
- 742
- 268
Q. 1 of Quiz- (Que-ID : 1850)
The Simon Commission was formed to review-
- Legislatures in India
- Fitness of India for further reforms
- A constitution for India
- The position of the Viceroy
Q. 4 of Quiz- (Que-ID : 3971)
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
Q. 10 of Quiz- (Que-ID : 960)
The substances present at the center of the sun are in -
- Solid, liquid and gaseous state
- Liquid state only
- Gaseous state only
- Both liquid and gaseous states
Q. 4 of Quiz- (Que-ID : 4027)
How many times a person can be elected as the President of India?
- One time
- Two times
- Three times
- Indefinite
Q. 4 of Quiz- (Que-ID : 4603)
Statements: In a one-day cricket match, the total runs made by a team were 200. Out of these 160 runs were made by spinners.
Statements: In a one-day cricket match, the total runs made by a team were 200. Out of these 160 runs were made by spinners.
Conclusions:
I. 80% of the team consists of spinners.
II. The opening batsmen were spinners.
- Only Conclusion I Follows
- Only Conclusion II Follows
- Either I or II Follows
- Neither I nor II Follows
Directions : (for Q.No. 19)
In the past, consumers would rarely walk into an ice cream store and order low-fat ice cream. But that isn't the case today. An increasing health consciousness combined with a much bigger selection of tasty low-fat foods in all categories has made low-fat ice cream a very profitable item for ice cream store owners.
This paragraph best supports the statement that
- low-fat ice cream produces more revenue than other low-fat foods.
- ice cream store owners would be better off carrying only low-fat ice cream
- ice cream store owners no longer think that low-fat ice cream is an unpopular item.
- low-fat ice cream is more popular than other kinds of ice cream.
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