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 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.
Big bang theory was proposed by
Georges Lemaitre Hermann Bondi Thomas Gold Hoyle
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Georges Lemaitre was a Belgian cosmologist, Catholic priest, and father of the Big Bang theory.
________ implies that sustainable development should take a holistic approach towards notions of progress and give equal importance to non-economic aspects of wellbeing.
National Happiness Index Psychological Wellbeing Index Living Standards Index Community Vitality Index
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Gross National Happiness (GNH), sometimes called Gross Domestic Happiness (GDH), it provides a way for the country to understand and enact progress based on the society's value of happiness.
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