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
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The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers).
Name of the first Governor-General of Bengal.
- Warren Hastings
- Lord Dalhousie
- WIlliam Bentick
- Lord Cornwallis
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The first Governor-General of Bengal was Warren Hastings, the head of the Supreme Council of Bengal.
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.
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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.
In which of these constellations does the current Pole Star, Polaris, lie?
- Ursa Minor
- Orion
- Ursa Major
- Corona Borealis
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Ursa Minor, or the 'Little Bear', is a relatively conspicuous constellation, visible from the latitudes 90 degrees North to 10 degrees South. It is 'circum-polar', i.e. always visible in the sky, above 20 degrees North latitude.
Name the economist who gave the theory of “Comparative Advantage.”
- Adam Smith
- David Ricardo
- Thomas Robert Malthus
- Amartya Sen
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David Ricardo was a classical economist best known for his theory on wages and profit, the labor theory of value, the theory of comparative advantage, and the theory of rents.
