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.
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.
When did the East India Company?
- 31st December, 1600
- 13th December, 1598
- 31th December, 1609
- 11th December, 1603
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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.
Who proposed the theory of the expanding universe?
- Georges Lemaitre
- Galileo Galilei
- Edwin Hubble
- Claudius Ptolemy
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American astronomer Edwin Hubble discovered in the 1920s that the Universe is expanding by showing that most galaxies are receding from the Milky Way and the farther away they are, the faster they are receding.
________ 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.
