The nature of the Indian Constitution-
- Unitary
- Federal
- Quasi Federal System
- Parliamentary
×
Indian constitution is federal in form and unitary in spirit. The meaning of the quasi-federal system is both federal and unitary. In Unitary Constitution the supreme governing authority of a state is concentrated in a single place(Central Government). In this constitution, the supreme power is divided between the central and state government, and both governments are independent in their domain.
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.
For how many years the charter gave the company a monopoly to trade with the east and west coasts of India?
- 10 Years
- 20 Years
- 15 Years
- Indefinite Years
×
For an initial 15 years, the charter granted the company a monopoly on trade with India's east and west coasts.
Indian constitutional amendment procedure is:
- Rigid
- Flexible
- Rigid as well as Flexible
- None
×
Indian constitution is more flexible than rigid. For example, most of its provisions can be amended by a two-thirds majority in the parliament. However, in order to amend some of the provisions like the election of the president, powers and functions, the extent of Centre-State relations, etc. apart from two-thirds majority in both houses of the parliament, the bill must be passed by at least half of the total state legislatures.
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.
