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 branch of astronomy that involves the origin and evolution of the universe.
Cosmology Meteorology Petrology Orology
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Cosmology is "the scientific study of the large-scale properties of the universe as a whole."
How many articles, parts, and schedules are in the Indian constitution?
395 Articles, 22 Parts, and 8 Schedules 395 Articles, 22 Parts, and 12 Schedules 385 Articles, 22 Parts, and 8 Schedules 385 Articles, 22 Parts, and 12 Schedules
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At its enactment, it had 395 articles in 22 parts and 8 schedules. At about 145,000 words, it is the second-longest active constitution—after the Constitution of Alabama—in the world.
Who is considered as the father of economics?
Alfred Marshall Adam Smith David Ricardo Esther Duflo
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Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
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.
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