Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Who, according to the economists, are the right group of people to set the price of a commodity?

What is the full form of ITCZ?

Ajanta and Ellora caves are situated in which state of India?

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase.

One who walks in sleep

What  is  the  number  of  atoms  in  46  g  of sodium-23 (N = Avogadro constant)?

The residual attractive or repulsive forces between molecules or atomic groups that do not arise from a covalent bond, or ionic bonds is called _____

One of the following is 'Labour' in Economics.

The rate of change of linear momentum of a body is proportional to the ___________ acting on it.