People who regularly move in and out of poverty (for example small farmers and seasonal workers). The occasionally poor are rich most of the time but may sometimes have a patch of bad luck are called ______
- Chronic poor
- Churning poor
- Transient poor
- Non-poor
×
The churning poor are the people who go in and out of poverty (for example, small farmers and seasonal workers).
Who has the power to create new states?
- Parliament of India
- Chief Justice of India
- Governor
- State legislatures
×
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.
Indian constitutional amendment procedure is:
- Rigid
- Flexible
- Rigid as well as Flexible
- None
×
Indian constitution is more flexible than rigid. For example, most of its provisions can be amended by a two-thirds majority in the parliament. However, in order to amend some of the provisions like the election of the president, powers and functions, the extent of Centre-State relations, etc. apart from two-thirds majority in both houses of the parliament, the bill must be passed by at least half of the total state legislatures.
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.
_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
×
Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
