Questions

The rank of 2nd Lieutenant/Act. Sub Lieutenant/Pilot Officer were removed because the salary of the officers holding these ranks were less compared to senior Non-Commissioned Officers i.e Subedar Major in army, Master Warrant Officer in air force and Master Chief Petty Officer -1st Class in navy.

Rest of the statements are incorrect.In modern armies, lieutenant general normally ranks immediately below general and above major general; it is equivalent to the navy rank of vice admiral, and in air forces with a separate rank structure, it is equivalent to air marshal.

The classical economists believed in the existence of full employment in the economy. To them, full employment was a normal situation and any deviation from this regarded as something abnormal. According to Pigou, the tendency of the economic system is to automatically provide full employment in the labour market when the demand and supply of labour are equal.