Name the economist who gave the theory of “Comparative Advantage.”
- Adam Smith
- David Ricardo
- Thomas Robert Malthus
- Amartya Sen
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.
In case a State emergency is declared, it needs Parliamentary approval after every _____.
- 6 months
- 1 year
- 2 years
- 3 years
State emergency is imposed for an initial period of six months and can last for a maximum period of three years with repeated parliamentary approval every six months.
What Are Constellations?
- A group of stars that appears to form a pattern or picture
- Small chunks of ice and rock come from the outer edge of the solar system
- Collection of billions of stars
- Small irregularly shaped rocks made up of metal or minerals
A constellation is an area on the celestial sphere in which a group of visible stars forms a perceived pattern or outline.
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.
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
The Regulating Act of 1773 abolished the administration system in India. This was the first step taken by the British government to control and regulate the affairs of the East India Company in India, as well as the first time the Company's political and administrative functions were recognized.
