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.
Procedure for Amendment in Indian Constitution is given in which article?
- Article 332
- Article 318
- Article 368
- Article 364
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Article 368 in Part 20 of the Constitution deals with the power of parliament to amend the constitution and its procedures. The procedure of amending the constitution has been adopted from the constitution of South Africa.
Who has the power to create new states?
- Parliament of India
- Chief Justice of India
- Governor
- State legislatures
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Article 3 assigns to Parliament the power to enact legislation for the formation of new States. Parliament may create new States in a number of ways, namely by (i) separating the territory from any State, (ii) uniting two or more States, (iii) uniting parts of States, and (iv) uniting any territory to a part of any State.
What does republic mean in the Indian Constitution?
- India is a Union of States
- The head of state is elected by people
- People have final authority in all the matters
- India has parliamentary system of government
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'Republic' is a State in which supreme power is held by the people and their elected representatives. It has an elected head of state rather than a monarch.
Who introduced the term state for the first time?
- Karl Marx
- Machiavelli
- Rousseau
- Jean Bodin
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The term ‘State’ in its modern sense was first used by Machiavelli. The State consists of four elements. These are (a) the people; (b) the territory; (c) the government and (d) sovereignty.
