Who proposed the steady-state theory?
- Hermann Bondi
- Thomas Gold
- Sir James Jeans
- Fred Hoyle
The steady-state theory was first proposed by Sir James Jeans in the 1920s, but it was reformulated by Fred Hoyle, Thomas Gold, and Hermann Bondi in 1948.
Who introduced the term state for the first time?
- Karl Marx
- Machiavelli
- Rousseau
- Jean Bodin
The term ‘State’ in its modern sense was first used by Machiavelli. The State consists of four elements. These are (a) the people; (b) the territory; (c) the government and (d) sovereignty.
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.
Raja Rammohan Roy was the founder of
- Arya Samaj
- Brahmo Samaj
- Ram Krishan Mission
- Prarthna Samaj
On August 20, 1828, the first assembly of the Brahmo Sabha was held at Kolkata (Calcutta).
This Sabha was convened by religious reformer Raja Ram Mohan Roy for his family and friends settled there. Brahmo Samaj is the monotheistic reformist movement of the Hindu religion that appeared during the Bengal Renaissance.
Who is considered as the father of economics?
- Alfred Marshall
- Adam Smith
- David Ricardo
- Esther Duflo
Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
