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.
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.
×
Comparative advantage is an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners.
Name of the first Governor-General of Bengal.
- Warren Hastings
- Lord Dalhousie
- WIlliam Bentick
- Lord Cornwallis
×
The first Governor-General of Bengal was Warren Hastings, the head of the Supreme Council of Bengal.
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
×
The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers).
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.
