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.
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.
Raja Rammohan Roy was the founder of
- Arya Samaj
- Brahmo Samaj
- Ram Krishan Mission
- Prarthna Samaj
On August 20, 1828, the first assembly of the Brahmo Sabha was held at Kolkata (Calcutta).
This Sabha was convened by religious reformer Raja Ram Mohan Roy for his family and friends settled there. Brahmo Samaj is the monotheistic reformist movement of the Hindu religion that appeared during the Bengal Renaissance.
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.
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.
