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.
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.
Who was the Prime Minister of the British Empire during the 1857 revolt?
- William Pitt
- Charles Grey
- William Lamb
- Lord Palmerston
Henry John Temple, 3rd Viscount Palmerston was a British statesman who served twice as a Prime Minister in the mid-19th century. Palmerston dominated British foreign policy during the period 1830 to 1865 when Britain was at the height of its imperial power. He held office almost continuously from 1807 until his death in 1865.
If there is a deadlock between Rajya Sabha and Lok Sabha over an ordinary bill, it will be resolved by
- The President
- The Council of Ministers
- The Joint Session of Parliment
- The Supreme Court
The Joint Session of Parliament resolves the deadlock between Rajya Sabha and Lok Sabha over an ordinary bill.
Procedure for Amendment in Indian Constitution is given in which article?
- Article 332
- Article 318
- Article 368
- Article 364
Article 368 in Part 20 of the Constitution deals with the power of parliament to amend the constitution and its procedures. The procedure of amending the constitution has been adopted from the constitution of South Africa.
For how many years the charter gave the company a monopoly to trade with the east and west coasts of India?
- 10 Years
- 20 Years
- 15 Years
- Indefinite Years
For an initial 15 years, the charter granted the company a monopoly on trade with India's east and west coasts.
