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.
Which of the Viceroys started the budget system in India?
- Lord Minto
- Lord Macualey
- Lord Canning
- Lord Dalhousie
The introduction of the budget system in India started in the era of Lord Canning, the first Viceroy of India.
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.
Where in the sky would the Pole Star appear to an observer situated on the North Pole?
- At a fixed point on the horizon
- Perpetually below the horizon and invisible
- It depends on the time of the year
- At the zenith (exactly overhead)
The North Star or Pole Star is famous for holding nearly still in our sky while the entire northern sky moves around it. That's because it's located nearly at the north celestial pole
Who proposed the theory of the expanding universe?
- Georges Lemaitre
- Galileo Galilei
- Edwin Hubble
- Claudius Ptolemy
American astronomer Edwin Hubble discovered in the 1920s that the Universe is expanding by showing that most galaxies are receding from the Milky Way and the farther away they are, the faster they are receding.
