Questions

Q:

A command economy tends to exist under a

A) Representative government that provides no regulation. B) Socialist government that provides a lot of regulation.
C) Communist government that provides little regulation. D) Democratic government that provides some regulation.
 
Answer & Explanation Answer: B) Socialist government that provides a lot of regulation.

Explanation:

A command economy types of government decide which goods would be produced without any interference of the public.


Command economy ran in Germany during the rule of Adolf Hitler. 

 

A command economy tends to exist under a socialist government that provides a lot of regulation.

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Filed Under: Indian Economy
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Q:

What was one outcome of laissez faire economic policies?

A) Poverty traps that cannot be escaped through free choice B) Monopoly power that emerges naturally in the market and allows businesses to exploit consumers
C) Businesses pay workers low D) All of the above
 
Answer & Explanation Answer: D) All of the above

Explanation:

Laissez-faire is simply a way to describe a government's hands-off approach to economic policies. This approach was particularly prevalent in the United States at the turn of the 20th century, which led to numerous issues within American manufacturing.

 

There are many outcomes of laissez-faire economic policies. Some of the outcomes of laissez-faire economics were:

* Businesses pay workers low.

* Pollution of air and water.

* Poverty traps that cannot be escaped through free choice. 

* General glut that results from overproduction or underconsumption

* Monopoly power that emerges naturally in the market and allows businesses to exploit consumers. 

* Exploitation of the working class that pushes wages down to subsistence and compels laborers to work in harsh and unsafe conditions. 

* External economies that generate situations where desirable goods are underproduced on the market, and undesirable goods are overproduced on the market. 

* Public goods that are not supplied by the market due to free-rider problems.

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Filed Under: Indian Economy
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Q:

The process of copying dna is called

A) Copying B) Replication
C) Repulsion D) Replying
 
Answer & Explanation Answer: B) Replication

Explanation:

The process of copying dna is called Replication.

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Filed Under: Biology
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Q:

Which is the least populous state in India as per Census2011? 

A) Goa B) Mizoram
C) Bihar D) Sikkim
 
Answer & Explanation Answer: D) Sikkim

Explanation:

As per Census2011, Sikkim state is the least populous state in India with 610543 population.

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Filed Under: Indian Geography
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Q:

UNIVAC is

A) Universal Automatic Computer B) Universal Array Computer
C) Unvalued Automatic Computer D) Unique Automatic Computer
 
Answer & Explanation Answer: A) Universal Automatic Computer

Explanation:
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Q:

Which payment type can help you stick to a budget?

A) Payday loans B) Cash advances
C) Debit cards D) Credit cards
 
Answer & Explanation Answer: C) Debit cards

Explanation:

There are two payment types that will help you stick to your budget.

1. Cash
2. Debit Card

The amount in the debit card is the only amount you can spend to stay within budget.

These method work because once you spend your money, you are done. You don’t have anything else to spend.

 

Credit cards, payday loans, and cash advances are all loans on future income. When you use a credit card, there is always just a little bit more you can spend. These types do not help you budget properly. In fact, these types encourage you to spend beyond your means and be out of budget.

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Filed Under: Finance
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Q:

'Abadan' is well known as 

A) a major Air Force base in Iraq B) the main oil terminal in Iran
C) a pilgrim centre for Muslims and Christians as well D) an archaeological site throwing new light on the civilisation that flourished in Arabia before the advent of Aryans into india
 
Answer & Explanation Answer: B) the main oil terminal in Iran

Explanation:

Iran is an important oil-producing region in the Middle East. Abadan on the Abadan island has one of the largest refineries in the world. 

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Q:

Which African countries are the members of the East African Development Bank

A) Kenya B) Tanzania
C) Uganda D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:
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Filed Under: World Organisations

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