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. An income which is not declared by a person or a group of persons in a nation is termed as?
Q1. An income which is not declared by a person or a group of persons in a nation is termed as?
(A) High powered money
(A) High powered money
(A) High powered money
(B) Fiat money
(B) Fiat money
(B) Fiat money
(C) Hot money
(C) Hot money
(C) Hot money
(D) Black money
(D) Black money
(D) Black money
Answer: (D) Black money
Answer: (D) Black money
Answer: (D) Black money
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
Black money is income that is not declared by a person or group of people in a country. It is also known as "illegitimate" because it is not recognized for tax declaration.
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Q2. Assam's only chemical fertilizer plant is located in which place?
Q2. Assam's only chemical fertilizer plant is located in which place?
(A) Dibrugarh
(A) Dibrugarh
(A) Dibrugarh
(B) Bokajan
(B) Bokajan
(B) Bokajan
(C) Bongaigaon
(C) Bongaigaon
(C) Bongaigaon
(D) Namrup
(D) Namrup
(D) Namrup
Answer: (D) Namrup
Answer: (D) Namrup
Answer: (D) Namrup
Namrup houses the Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), which is Assam's sole chemical fertilizer plant. It's a pioneer in India for producing urea from natural gas.
Namrup houses the Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), which is Assam's sole chemical fertilizer plant. It's a pioneer in India for producing urea from natural gas.
Namrup houses the Brahmaputra Valley Fertilizer Corporation Limited (BVFCL), which is Assam's sole chemical fertilizer plant. It's a pioneer in India for producing urea from natural gas.
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Q3. Which of these is the plant important in sericulture?
Q3. 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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Q4. Which of the following Indian Economist won Nobel Prize in Economic Science?
Q4. Which of the following Indian Economist won Nobel Prize in Economic Science?
(A) Rabindranath Tagore
(A) Rabindranath Tagore
(A) Rabindranath Tagore
(B) C. V. Raman
(B) C. V. Raman
(B) C. V. Raman
(C) Arundhti Roy
(C) Arundhti Roy
(C) Arundhti Roy
(D) Amartya Sen
(D) Amartya Sen
(D) Amartya Sen
Answer: (D) Amartya Sen
Answer: (D) Amartya Sen
Answer: (D) Amartya Sen
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
Amartya Sen is the only Indian economist to win the Nobel Memorial Prize in Economic Sciences, which he received in 1998. Sen is known for his work on welfare economics, social choice theory, and development economics. He is also known for his interest in the problems of society's poorest members and his work on the causes of famine.
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Q5. In which year was Jyoti Chitraban established?
Q5. 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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Q6. Which region of Assam possesses the highest deposits of limestone?
Q6. 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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Q7. An exact or a very close copy (of something).
Q7. An exact or a very close copy (of something).
What is one word substitution of the phrase?
What is one word substitution of the phrase?
What is one word substitution of the phrase?
(A) forgery
(A) forgery
(A) forgery
(B) replica
(B) replica
(B) replica
(C) artificial
(C) artificial
(C) artificial
(D) substitute
(D) substitute
(D) substitute
Answer: (B) replica
Answer: (B) replica
Answer: (B) replica
Substitute Word: replica.
Synonyms: Duplicate, Reproduction, Clone.
Substitute Word: replica. Synonyms: Duplicate, Reproduction, Clone.
Substitute Word: replica. Synonyms: Duplicate, Reproduction, Clone.
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Q8. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?
Q8. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?
(A) Adam Smith
(A) Adam Smith
(A) Adam Smith
(B) David Ricardo
(B) David Ricardo
(B) David Ricardo
(C) Alfred Marshall
(C) Alfred Marshall
(C) Alfred Marshall
(D) Lionell Robbins
(D) Lionell Robbins
(D) Lionell Robbins
Answer: (D) Lionell Robbins
Answer: (D) Lionell Robbins
Answer: (D) Lionell Robbins
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
Lionel Robbins is the author of An Essay on the Nature and Significance of Economic Science. The book was first published in 1932.
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Q9. Which one amongst the following is the oldest production unit?
Q9. Which one amongst the following is the oldest production unit?
(A) Digboi Refinery
(A) Digboi Refinery
(A) Digboi Refinery
(B) Numaligarh Refinery
(B) Numaligarh Refinery
(B) Numaligarh Refinery
(C) Bongaigaon Refinery
(C) Bongaigaon Refinery
(C) Bongaigaon Refinery
(D) Guwahati Refinery
(D) Guwahati Refinery
(D) Guwahati Refinery
Answer: (A) Digboi Refinery
Answer: (A) Digboi Refinery
Answer: (A) Digboi Refinery
The Digboi Refinery in Assam is the oldest refinery in India, having been commissioned on December 11, 1901. It was built by the British and is also Asia's first refinery. The refinery is known as the birthplace of the Indian oil industry. Oil was first discovered in 1867 while laying a railway line in the Digboi area.
The Digboi Refinery in Assam is the oldest refinery in India, having been commissioned on December 11, 1901. It was built by the British and is also Asia's first refinery. The refinery is known as the birthplace of the Indian oil industry. Oil was first discovered in 1867 while laying a railway line in the Digboi area.
The Digboi Refinery in Assam is the oldest refinery in India, having been commissioned on December 11, 1901. It was built by the British and is also Asia's first refinery. The refinery is known as the birthplace of the Indian oil industry. Oil was first discovered in 1867 while laying a railway line in the Digboi area.
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Q10. What is the synonym of Affluent?
Q10. What is the synonym of Affluent?
(A) wealthy
(A) wealthy
(A) wealthy
(B) clever
(B) clever
(B) clever
(C) joyous
(C) joyous
(C) joyous
(D) strong
(D) strong
(D) strong
Answer: (A) wealthy
Answer: (A) wealthy
Answer: (A) wealthy
Having a great deal of money or wealth; prosperous.
Synonyms: Wealthy, Rich, Opulent, Prosperous.
Example Sentences:
> He comes from an affluent family.
> The affluent river fed the fertile valley.
> The affluent nation had a strong economy.
Having a great deal of money or wealth; prosperous. Synonyms: Wealthy, Rich, Opulent, Prosperous. Example Sentences: > He comes from an affluent family. > The affluent river fed the fertile valley. > The affluent nation had a strong economy.
Having a great deal of money or wealth; prosperous. Synonyms: Wealthy, Rich, Opulent, Prosperous. Example Sentences: > He comes from an affluent family. > The affluent river fed the fertile valley. > The affluent nation had a strong economy.
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Related Questions
1. Who is called the Father of Modern Economics?2. SEBI stands for3. In which year was oil first drilled in Assam?4. Which state is the largest producer of petroleum?5. Which commodity has Assam exported the most of?6. Which of the following is considered as the powerhouse of an animal cell?7. Which social science studies the production, distribution and consumption of wealth?8. What was the main aim of the Chipko movement?9. The first bank established in Assam is?10. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?11. The Assam Gas Cracker Project, located in Dibrugarh, is associated with the production of:12. Silver Revolution which started during Indira Gandhi's regime is related to13. What type of tea is Assam particularly renowned for producing?14. The concepts of wages, rent, interest and profit are studied under which branch of Economics?15. A continuous rise in the price level is called16. Who is the author of the book "Principles of Economics"?17. Which of the Following plateau is
famous for the production of Tea?18. Who is known as the father of Economics?19. 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?20. For which tea variety is Assam globally renowned?