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.
Which of the following activities is also referred to as the 'Gold Collar' profession?
- Primary
- Secondary
- Quinary
- Quaternary
Quinary activities are services that focus on the creation, re-arrangement, and interpretation of new and existing ideas; data interpretation, and the use and evaluation of new technologies. Gold Collar Worker: Refers to highly-skilled knowledgeable people such as doctors, lawyers, scientists, and also young, low-wage workers who also get parental support.
How many articles, parts, and schedules are in the Indian constitution?
- 395 Articles, 22 Parts, and 8 Schedules
- 395 Articles, 22 Parts, and 12 Schedules
- 385 Articles, 22 Parts, and 8 Schedules
- 385 Articles, 22 Parts, and 12 Schedules
At its enactment, it had 395 articles in 22 parts and 8 schedules. At about 145,000 words, it is the second-longest active constitution—after the Constitution of Alabama—in the world.
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.
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.
