_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
Who prepared the manuscript of the Constitution of India?
- Shantiniketan
- Nandlal Bose
- Dr. B R Ambedkar
- Prem Behari Narain Raizada
Prem Behari Narain Raizada was an Indian calligrapher. He is notable for being the calligrapher who hand-wrote the Constitution of India.
Which act completely ended the commercial trade monopoly of the East India Company?
- Charter Act of 1853
- Charter Act of 1833
- Charter Act of 1813
- Government of India Act, 1858
The charter Act of 1853 abolished East India Company's Monopoly of Indian trade. Under the government of India Act 1858, the British parliament took the responsibility for ruling India directly.
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.
Which one is not the Component of the Preamble?
- Sovereign
- Secular
- Hostility
- Democratic Republic
The preamble declares India to be a sovereign, socialist, secular, and democratic republic. The objectives stated by the Preamble are to secure justice, liberty, and equality for all citizens and promote fraternity to maintain the unity and integrity of the nation.
