Questions

Panaji is the capital of which Indian State?

The second Green Revolution aims at increasing agricultural output to promote

The famous Dilwara temples of Mount Abu are a sacred pilgrimage place for the

Pankaj Advani is associated with which sport?

Rahul’s salary is 40% of Mohit’s salary. If Rahul’s salary is increased by 60% and Mohit’s salary is decreased by 20%, then Rahul’s salary will be how much percentage of Mohit’s salary?

Who is the author of the Indian English Novel 'No Other World' published in 2017?

Who is known as the 'Father of Indian Unrest'?

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.

Price-fixing is a phenomenon that is normal in -