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. The concepts of wages, rent, interest and profit are studied under which branch of Economics?
Q2. The concepts of wages, rent, interest and profit are studied under which branch of Economics?
(A) Microeconomics
(A) Microeconomics
(A) Microeconomics
(B) Macroeconomics
(B) Macroeconomics
(B) Macroeconomics
(C) Econometrics
(C) Econometrics
(C) Econometrics
(D) Classical Economics
(D) Classical Economics
(D) Classical Economics
Answer: (A) Microeconomics
Answer: (A) Microeconomics
Answer: (A) Microeconomics
Microeconomics
Microeconomics
Microeconomics
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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. What is the synonym of Affluent?
Q4. 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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Q5. The first bank established in Assam is?
Q5. The first bank established in Assam is?
(A) State Bank of India
(A) State Bank of India
(A) State Bank of India
(B) Bandhan Bank
(B) Bandhan Bank
(B) Bandhan Bank
(C) Lakhimi Bank
(C) Lakhimi Bank
(C) Lakhimi Bank
(D) Guwahati Bank
(D) Guwahati Bank
(D) Guwahati Bank
Answer: (D) Guwahati Bank
Answer: (D) Guwahati Bank
Answer: (D) Guwahati Bank
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
The first bank in Assam is The Gauhati Bank Ltd, which was incorporated on June 18, 1926.
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Q6. What type of tea is Assam particularly renowned for producing?
Q6. What type of tea is Assam particularly renowned for producing?
(A) Red Tea
(A) Red Tea
(A) Red Tea
(B) Green Tea
(B) Green Tea
(B) Green Tea
(C) Yellow Tea
(C) Yellow Tea
(C) Yellow Tea
(D) Black Tea
(D) Black Tea
(D) Black Tea
Answer: (D) Black Tea
Answer: (D) Black Tea
Answer: (D) Black Tea
Assam is specifically known for producing a strong, malty, and bright liquor called "Assam Tea". This variety is distinct from other Indian teas like Darjeeling or Nilgiri. It's a robust black tea that's often used in blends and is enjoyed worldwide for its unique characteristics. The "Assam Tea" variety is what makes the region famous in the tea world.
Assam is specifically known for producing a strong, malty, and bright liquor called "Assam Tea". This variety is distinct from other Indian teas like Darjeeling or Nilgiri. It's a robust black tea that's often used in blends and is enjoyed worldwide for its unique characteristics. The "Assam Tea" variety is what makes the region famous in the tea world.
Assam is specifically known for producing a strong, malty, and bright liquor called "Assam Tea". This variety is distinct from other Indian teas like Darjeeling or Nilgiri. It's a robust black tea that's often used in blends and is enjoyed worldwide for its unique characteristics. The "Assam Tea" variety is what makes the region famous in the tea world.
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Q7. Who is the author of the book "Principles of Economics"?
Q7. 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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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. For which tea variety is Assam globally renowned?
Q9. For which tea variety is Assam globally renowned?
(A) Green Tea
(A) Green Tea
(A) Green Tea
(B) Black Tea
(B) Black Tea
(B) Black Tea
(C) White Tea
(C) White Tea
(C) White Tea
(D) Herbal Tea
(D) Herbal Tea
(D) Herbal Tea
Answer: (B) Black Tea
Answer: (B) Black Tea
Answer: (B) Black Tea
Assam is world-famous for its production of high-quality black tea. The region's unique terroir and climate conditions contribute to the distinct flavor profile of Assam tea, characterized by its briskness, malty taste, and rich aroma.
Assam is world-famous for its production of high-quality black tea. The region's unique terroir and climate conditions contribute to the distinct flavor profile of Assam tea, characterized by its briskness, malty taste, and rich aroma.
Assam is world-famous for its production of high-quality black tea. The region's unique terroir and climate conditions contribute to the distinct flavor profile of Assam tea, characterized by its briskness, malty taste, and rich aroma.
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Q10. Who is called the Father of Modern Economics?
Q10. Who is called the Father of Modern Economics?
(A) John Maynard Keynes
(A) John Maynard Keynes
(A) John Maynard Keynes
(B) Adam Smith
(B) Adam Smith
(B) Adam Smith
(C) Alfred Marshall
(C) Alfred Marshall
(C) Alfred Marshall
(D) Karl Marx
(D) Karl Marx
(D) Karl Marx
Answer: (B) Adam Smith
Answer: (B) Adam Smith
Answer: (B) Adam Smith
Adam Smith
Adam Smith
Adam Smith
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Related Questions
1. Which commodity has Assam exported the most of?2. Assam's only chemical fertilizer plant is located in which place?3. Which of the following is considered as the powerhouse of an animal cell?4. In which year was Jyoti Chitraban established?5. Silver Revolution which started during Indira Gandhi's regime is related to6. Which of the following Indian Economist won Nobel Prize in Economic Science?7. Which social science studies the production, distribution and consumption of wealth?8. An exact or a very close copy (of something).9. Which one amongst the following is the oldest production unit?10. SEBI stands for11. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?12. In which year was oil first drilled in Assam?13. Which of the Following plateau is
famous for the production of Tea?14. Seasonal Unemployment is generally seen in which section of Economy?15. A continuous rise in the price level is called16. Who is known as the father of Economics?17. An income which is not declared by a person or a group of persons in a nation is termed as?18. Which state is the largest producer of petroleum?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. Which region of Assam possesses the highest deposits of limestone?