Which social science studies the production, distribution and consumption of wealth? [#1065]
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Q1. Which social science studies the production, distribution and consumption of wealth?
Q1. Which social science studies the production, distribution and consumption of wealth?
(A) Commerce
(A) Commerce
(A) Commerce
(B) Economics
(B) Economics
(B) Economics
(C) Political Science
(C) Political Science
(C) Political Science
(D) Sociology
(D) Sociology
(D) Sociology
Answer: (B) Economics
Answer: (B) Economics
Answer: (B) Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life.
Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
Economics is the social science that studies the production, distribution, and consumption of goods and services, including wealth. Economics is divided into two classes, microeconomics and macroeconomics, and it directly affects everyday life. Economics is primarily concerned with analyzing the choices that individuals, businesses, governments, and nations make to allocate limited resources. Economic models emerged from the broader field of political economy in the late 19th century.
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Related MCQ Quizzes
Q1. The Assam Gas Cracker Project, located in Dibrugarh, is associated with the production of:
Q1. The Assam Gas Cracker Project, located in Dibrugarh, is associated with the production of:
(A) Natural Gas
(A) Natural Gas
(A) Natural Gas
(B) Fertilizers
(B) Fertilizers
(B) Fertilizers
(C) Petrochemicals
(C) Petrochemicals
(C) Petrochemicals
(D) Solar Energy
(D) Solar Energy
(D) Solar Energy
Answer: (C) Petrochemicals
Answer: (C) Petrochemicals
Answer: (C) Petrochemicals
The Assam Gas Cracker Project, officially known as the Brahmaputra Cracker and Polymer Limited (BCPL), is a major petrochemical project located in Dibrugarh, Assam. It utilizes natural gas as a feedstock to produce various petrochemicals, primarily polymers like polyethylene and polypropylene. These polymers are essential raw materials used in various industries for manufacturing plastics and other products.
The Assam Gas Cracker Project, officially known as the Brahmaputra Cracker and Polymer Limited (BCPL), is a major petrochemical project located in Dibrugarh, Assam. It utilizes natural gas as a feedstock to produce various petrochemicals, primarily polymers like polyethylene and polypropylene. These polymers are essential raw materials used in various industries for manufacturing plastics and other products.
The Assam Gas Cracker Project, officially known as the Brahmaputra Cracker and Polymer Limited (BCPL), is a major petrochemical project located in Dibrugarh, Assam. It utilizes natural gas as a feedstock to produce various petrochemicals, primarily polymers like polyethylene and polypropylene. These polymers are essential raw materials used in various industries for manufacturing plastics and other products.
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Q2. Which of the Following plateau is
famous for the production of Tea?
Q2. Which of the Following plateau is
famous for the production of Tea?
(A) Malwa Plateau
(A) Malwa Plateau
(A) Malwa Plateau
(B) North East Extension Plateau
(B) North East Extension Plateau
(B) North East Extension Plateau
(C) Shilong Plateau
(C) Shilong Plateau
(C) Shilong Plateau
(D) Western Ghat Plateau
(D) Western Ghat Plateau
(D) Western Ghat Plateau
Answer: (B) North East Extension Plateau
Answer: (B) North East Extension Plateau
Answer: (B) North East Extension Plateau
North East Extension Plateau
North East Extension Plateau
North East Extension Plateau
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Q3. What was the main aim of the Chipko movement?
Q3. What was the main aim of the Chipko movement?
(A) To reduce the soil erosion
(A) To reduce the soil erosion
(A) To reduce the soil erosion
(B) To promote the production of milk
(B) To promote the production of milk
(B) To promote the production of milk
(C) To avoid the child labour
(C) To avoid the child labour
(C) To avoid the child labour
(D) To protect the trees of the forests to be cut
(D) To protect the trees of the forests to be cut
(D) To protect the trees of the forests to be cut
Answer: (D) To protect the trees of the forests to be cut
Answer: (D) To protect the trees of the forests to be cut
Answer: (D) To protect the trees of the forests to be cut
To protect the trees of the forests to be cut.
To protect the trees of the forests to be cut.
To protect the trees of the forests to be cut.
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Q4. SEBI stands for
Q4. SEBI stands for
(A) Science and Engineering Board of India
(A) Science and Engineering Board of India
(A) Science and Engineering Board of India
(B) Securities and Exchange Board of India
(B) Securities and Exchange Board of India
(B) Securities and Exchange Board of India
(C) Social Equity Bureau of India
(C) Social Equity Bureau of India
(C) Social Equity Bureau of India
(D) Science and Educational Board of India
(D) Science and Educational Board of India
(D) Science and Educational Board of India
Answer: (B) Securities and Exchange Board of India
Answer: (B) Securities and Exchange Board of India
Answer: (B) Securities and Exchange Board of India
Securities and Exchange Board of India
Securities and Exchange Board of India
Securities and Exchange Board of India
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Q5. Which state is the largest producer of petroleum?
Q5. Which state is the largest producer of petroleum?
(A) Maharashtra
(A) Maharashtra
(A) Maharashtra
(B) Gujarat
(B) Gujarat
(B) Gujarat
(C) Assam
(C) Assam
(C) Assam
(D) Rajasthan
(D) Rajasthan
(D) Rajasthan
Answer: (D) Rajasthan
Answer: (D) Rajasthan
Answer: (D) Rajasthan
Rajasthan is the largest producer of petroleum in India, followed by Gujarat and Assam.
Rajasthan is the largest producer of petroleum in India, followed by Gujarat and Assam.
Rajasthan is the largest producer of petroleum in India, followed by Gujarat and Assam.
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Q6. Which commodity has Assam exported the most of?
Q6. Which commodity has Assam exported the most of?
(A) Tea
(A) Tea
(A) Tea
(B) Coal
(B) Coal
(B) Coal
(C) Jute products
(C) Jute products
(C) Jute products
(D) Oil and petroleum products
(D) Oil and petroleum products
(D) Oil and petroleum products
Answer: (A) Tea
Answer: (A) Tea
Answer: (A) Tea
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
Assam is world-famous for its tea production, and tea is the state's most significant export commodity. Assam tea, known for its strong and malty flavor, is exported globally, contributing substantially to the state's economy. While other commodities like oil, jute, timber, and silk are also produced and exported from Assam, tea remains the dominant export.
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Q7. A continuous rise in the price level is called
Q7. A continuous rise in the price level is called
(A) stagflation
(A) stagflation
(A) stagflation
(B) deflation
(B) deflation
(B) deflation
(C) hyperinflation
(C) hyperinflation
(C) hyperinflation
(D) inflation
(D) inflation
(D) inflation
Answer: (D) inflation
Answer: (D) inflation
Answer: (D) inflation
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past.
Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment.
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy.
Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
Inflation refers to a sustained increase in the general price level of goods and services in an economy over time. This means that, on average, things cost more today than they did in the past. Stagflation is an economic situation where there is high inflation, slow economic growth, and high unemployment. Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. Hyperinflation is a rapid and extreme increase in the price of goods and services, which causes the value of a local currency to quickly erode.
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Q8. In which year was Jyoti Chitraban established?
Q8. In which year was Jyoti Chitraban established?
(A) 1961
(A) 1961
(A) 1961
(B) 1962
(B) 1962
(B) 1962
(C) 1963
(C) 1963
(C) 1963
(D) 1964
(D) 1964
(D) 1964
Answer: (A) 1961
Answer: (A) 1961
Answer: (A) 1961
Jyoti Chitraban, a prominent film studio in Assam, India, was established in 1961. It has played a crucial role in the development of Assamese cinema, providing a platform for filmmakers and contributing to the growth of the regional film industry. It is located in Guwahati.
Jyoti Chitraban, a prominent film studio in Assam, India, was established in 1961. It has played a crucial role in the development of Assamese cinema, providing a platform for filmmakers and contributing to the growth of the regional film industry. It is located in Guwahati.
Jyoti Chitraban, a prominent film studio in Assam, India, was established in 1961. It has played a crucial role in the development of Assamese cinema, providing a platform for filmmakers and contributing to the growth of the regional film industry. It is located in Guwahati.
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Q9. Which region of Assam possesses the highest deposits of limestone?
Q9. Which region of Assam possesses the highest deposits of limestone?
(A) Cachar Plain
(A) Cachar Plain
(A) Cachar Plain
(B) Karbi Anglong Plateau
(B) Karbi Anglong Plateau
(B) Karbi Anglong Plateau
(C) Meghalaya Plateau
(C) Meghalaya Plateau
(C) Meghalaya Plateau
(D) Barak Valley
(D) Barak Valley
(D) Barak Valley
Answer: (B) Karbi Anglong Plateau
Answer: (B) Karbi Anglong Plateau
Answer: (B) Karbi Anglong Plateau
The Karbi Anglong and North Cachar Hills regions of Assam are known to have the highest deposits of limestone in the state. These regions are rich in mineral resources, including limestone, which is used in various industries, such as cement production.
The Karbi Anglong and North Cachar Hills regions of Assam are known to have the highest deposits of limestone in the state. These regions are rich in mineral resources, including limestone, which is used in various industries, such as cement production.
The Karbi Anglong and North Cachar Hills regions of Assam are known to have the highest deposits of limestone in the state. These regions are rich in mineral resources, including limestone, which is used in various industries, such as cement production.
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Q10. Who is the author of the book "Principles of Economics"?
Q10. Who is the author of the book "Principles of Economics"?
(A) Adam Smith
(A) Adam Smith
(A) Adam Smith
(B) Alfred Marshall
(B) Alfred Marshall
(B) Alfred Marshall
(C) Lionell Robbins
(C) Lionell Robbins
(C) Lionell Robbins
(D) David Ricardo
(D) David Ricardo
(D) David Ricardo
Answer: (B) Alfred Marshall
Answer: (B) Alfred Marshall
Answer: (B) Alfred Marshall
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
Alfred Marshall (1842-1924) is the author of Principles of Economics, which was first published in 1890. Marshall was a British economist and a founder of the "neoclassical" school of economics. The book is considered to be Marshall's most influential work.
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Related Questions
1. Which one amongst the following is the oldest production unit?2. Silver Revolution which started during Indira Gandhi's regime is related to3. What is the synonym of Affluent?4. Who is called the Father of Modern Economics?5. Which social science studies the production, distribution and consumption of wealth?6. The concepts of wages, rent, interest and profit are studied under which branch of Economics?7. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?8. Seasonal Unemployment is generally seen in which section of Economy?9. The first bank established in Assam is?10. In which year was oil first drilled in Assam?11. An exact or a very close copy (of something).12. For which tea variety is Assam globally renowned?13. If the price of sugar increases by 20%, by what percentage should a household reduce its consumption of sugar so that the budget remains the same?14. Which of the following Indian Economist won Nobel Prize in Economic Science?15. Who is known as the father of Economics?16. What type of tea is Assam particularly renowned for producing?17. An income which is not declared by a person or a group of persons in a nation is termed as?18. Which of the following is considered as the powerhouse of an animal cell?19. Assam's only chemical fertilizer plant is located in which place?20. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?