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.
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.
Who is known as the ‘Architecture of Indian Constitution’?
Dr. B R Ambedkar Jawaharlal Nehru Sardar Vallabhbhai Patel Dr. Rajendra Prasad
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Because of his role in drafting the Constitution of India, Dr. Bhimrao Ambedkar is well known throughout India as the chief architect of the Indian Constitution.
What Are Constellations?
A group of stars that appears to form a pattern or picture Small chunks of ice and rock come from the outer edge of the solar system Collection of billions of stars Small irregularly shaped rocks made up of metal or minerals
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A constellation is an area on the celestial sphere in which a group of visible stars forms a perceived pattern or outline.
When was Jana Gana Mana adopted as our national anthem?
25 January 1950 24 January 1950 26 January 1950 26 November 1949
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On 24 January 1950, ‘Jana Gana Mana’ was adopted as the national anthem.
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