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. Seasonal Unemployment is generally seen in which section of Economy?
Q1. Seasonal Unemployment is generally seen in which section of Economy?
(A) Industrial Sector
(A) Industrial Sector
(A) Industrial Sector
(B) Service Sector
(B) Service Sector
(B) Service Sector
(C) Agriculture Sector
(C) Agriculture Sector
(C) Agriculture Sector
(D) Business Sector
(D) Business Sector
(D) Business Sector
Answer: (C) Agriculture Sector
Answer: (C) Agriculture Sector
Answer: (C) Agriculture Sector
Seasonal unemployment is a common occurrence in the agricultural sector. This is because agricultural activities are season-specific, with more work available in some months than others.
Seasonal unemployment can also occur in other sectors, such as ice-cream factories and woollen factories. It can also affect people working in jobs that support outdoor activities during mild weather, but disappear during colder, stormy seasons.
Seasonal unemployment is a common occurrence in the agricultural sector. This is because agricultural activities are season-specific, with more work available in some months than others. Seasonal unemployment can also occur in other sectors, such as ice-cream factories and woollen factories. It can also affect people working in jobs that support outdoor activities during mild weather, but disappear during colder, stormy seasons.
Seasonal unemployment is a common occurrence in the agricultural sector. This is because agricultural activities are season-specific, with more work available in some months than others. Seasonal unemployment can also occur in other sectors, such as ice-cream factories and woollen factories. It can also affect people working in jobs that support outdoor activities during mild weather, but disappear during colder, stormy seasons.
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Q2. SEBI stands for
Q2. 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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Q3. The Assam Gas Cracker Project, located in Dibrugarh, is associated with the production of:
Q3. 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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Q4. Which social science studies the production, distribution and consumption of wealth?
Q4. 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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Q5. What was the main aim of the Chipko movement?
Q5. 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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Q6. Which of the Following plateau is
famous for the production of Tea?
Q6. 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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Q7. 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?
Q7. 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?
(A)
(A)
(A)
(B)
(B)
(B)
(C)
(C)
(C)
(D)
(D)
(D)
Answer: (D)
Answer: (D)
Answer: (D)
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Q8. Which of these is the plant important in sericulture?
Q8. Which of these is the plant important in sericulture?
(A) Cassia
(A) Cassia
(A) Cassia
(B) Legumes
(B) Legumes
(B) Legumes
(C) Pea
(C) Pea
(C) Pea
(D) Mulberry
(D) Mulberry
(D) Mulberry
Answer: (D) Mulberry
Answer: (D) Mulberry
Answer: (D) Mulberry
Sericulture is the cultivation of silkworms for the production of silk. The most widely practiced form of sericulture, known as mulberry sericulture, relies entirely on the Mulberry plant (Morus spp.). The silkworm species Bombyx mori, responsible for producing the majority of commercial silk, feeds exclusively on mulberry leaves. The quality and abundance of mulberry leaves are crucial factors directly influencing the health of the silkworms and, consequently, the yield and quality of the silk cocoons. While other plants like Castor, Oak, and Som are food sources for different, less common types of silkworms (Eri, Tasar, and Muga silk, respectively), Mulberry is the key plant for the predominant silk industry.
Sericulture is the cultivation of silkworms for the production of silk. The most widely practiced form of sericulture, known as mulberry sericulture, relies entirely on the Mulberry plant (Morus spp.). The silkworm species Bombyx mori, responsible for producing the majority of commercial silk, feeds exclusively on mulberry leaves. The quality and abundance of mulberry leaves are crucial factors directly influencing the health of the silkworms and, consequently, the yield and quality of the silk cocoons. While other plants like Castor, Oak, and Som are food sources for different, less common types of silkworms (Eri, Tasar, and Muga silk, respectively), Mulberry is the key plant for the predominant silk industry.
Sericulture is the cultivation of silkworms for the production of silk. The most widely practiced form of sericulture, known as mulberry sericulture, relies entirely on the Mulberry plant (Morus spp.). The silkworm species Bombyx mori, responsible for producing the majority of commercial silk, feeds exclusively on mulberry leaves. The quality and abundance of mulberry leaves are crucial factors directly influencing the health of the silkworms and, consequently, the yield and quality of the silk cocoons. While other plants like Castor, Oak, and Som are food sources for different, less common types of silkworms (Eri, Tasar, and Muga silk, respectively), Mulberry is the key plant for the predominant silk industry.
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Q9. Which commodity has Assam exported the most of?
Q9. 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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Q10. Who is known as the father of Economics?
Q10. Who is known as the father of Economics?
(A) David Richardo
(A) David Richardo
(A) David Richardo
(B) Alfred Marshall
(B) Alfred Marshall
(B) Alfred Marshall
(C) Adam Smith
(C) Adam Smith
(C) Adam Smith
(D) Lionnel Robbins
(D) Lionnel Robbins
(D) Lionnel Robbins
Answer: (C) Adam Smith
Answer: (C) Adam Smith
Answer: (C) Adam Smith
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline.
Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
Adam Smith is considered the father of modern economics. The 18th-century Scottish economist, philosopher, and author is credited with giving economics a well-defined shape as a new discipline. Smith is known for arguing against mercantilism and being a major proponent of laissez-faire economic policies. He believed that the government should not interfere with the economy, and that free-market issues would fix themselves. Smith also believed that individual decisions, driven by self-interest, collectively guide the market to optimal equilibrium.
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Related Questions
1. For which tea variety is Assam globally renowned?2. What is the synonym of Affluent?3. A continuous rise in the price level is called4. In which year was Jyoti Chitraban established?5. The concepts of wages, rent, interest and profit are studied under which branch of Economics?6. In which year was oil first drilled in Assam?7. Who is the author of the book "Principles of Economics"?8. Which state is the largest producer of petroleum?9. Who is called the Father of Modern Economics?10. Which of the following Indian Economist won Nobel Prize in Economic Science?11. Silver Revolution which started during Indira Gandhi's regime is related to12. Which of the following is considered as the powerhouse of an animal cell?13. Which region of Assam possesses the highest deposits of limestone?14. An exact or a very close copy (of something).15. The first bank established in Assam is?16. Which one amongst the following is the oldest production unit?17. An income which is not declared by a person or a group of persons in a nation is termed as?18. What type of tea is Assam particularly renowned for producing?19. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?20. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?