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.
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Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
Who was the first temporary chairman of the Constituent Assembly?
- BN Rau
- Harendra Coomar Mookerjee
- Dr. Sachchidananda Sinha
- Dr. Rajendra Prasad
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Dr. Sachchidananda Sinha was appointed as the interim(temporary) chairman of the Constituent Assembly.
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
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The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers).
Constitution day of India is celebrated on
- 26th November 1949
- 26th November 1948
- 26th January 1950
- 26th November 1946
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The Constitution of India was adopted by the Constituent Assembly on 26th November 1949 and came into force on 26th January, 1950.
When did the East India Company?
- 31st December, 1600
- 13th December, 1598
- 31th December, 1609
- 11th December, 1603
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On 31 December 1600, the British East India Company received a Royal Charter from the British monarch Elizabeth I to trade with the East Indies. Later, the company colonized the Indian subcontinent.
