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.
When did the East India Company?
- 31st December, 1600
- 13th December, 1598
- 31th December, 1609
- 11th December, 1603
×
On 31 December 1600, the British East India Company received a Royal Charter from the British monarch Elizabeth I to trade with the East Indies. Later, the company colonized the Indian subcontinent.
How do we consider a Constitution rigid or flexible?
- Based upon the provisions made for its amendment
- Based upon Constitutional Supremacy
- Based upon Parliamentary Supremacy
- Based upon Judicial Review
×
On the basis of amendments, a constitution can be classified into the categories of rigid and flexible. A rigid constitution is one that can't be amended easily, i.e., the US Constitution. A flexible constitution is one that can be amended easily, i.e., Britain.
When was Objective Resolution moved and by who?
- 26 December 1946, Jawaharlal Nehru
- 13 December 1946, Jawaharlal Nehru
- 26 November 1946, Dr. B R Ambedkar
- 9 December 1946, Dr. Rajendra Prasad
×
On 13 December 1946, Jawaharlal Nehru moved the ‘Objective Resolution’. Objective Resolution enshrined the aspirations and values of the constitution-makers.
In which of these constellations does the current Pole Star, Polaris, lie?
- Ursa Minor
- Orion
- Ursa Major
- Corona Borealis
×
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.
