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 first bank established in Assam is?
Q1. 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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Q2. What type of tea is Assam particularly renowned for producing?
Q2. 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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Q3. Which region of Assam possesses the highest deposits of limestone?
Q3. 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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Q4. 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?
Q4. 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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Q5. Seasonal Unemployment is generally seen in which section of Economy?
Q5. 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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Q6. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?
Q6. Which economist is the author of the book "An Enquiry into the Nature and Cause of the Wealth of Nations"?
(A) John Maynard Keynes
(A) John Maynard Keynes
(A) John Maynard Keynes
(B) Alfred Marshall
(B) Alfred Marshall
(B) Alfred Marshall
(C) David Ricardo
(C) David Ricardo
(C) David Ricardo
(D) Adam Smith
(D) Adam Smith
(D) Adam Smith
Answer: (D) Adam Smith
Answer: (D) Adam Smith
Answer: (D) Adam Smith
Adam Smith
Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
Adam Smith Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
Adam Smith Adam Smith (5 June 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment.
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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. What was the main aim of the Chipko movement?
Q8. 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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Q9. An income which is not declared by a person or a group of persons in a nation is termed as?
Q9. 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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Q10. Assam's only chemical fertilizer plant is located in which place?
Q10. 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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Related Questions
1. Which of the following is considered as the powerhouse of an animal cell?2. Which one amongst the following is the oldest production unit?3. Which commodity has Assam exported the most of?4. In which year was Jyoti Chitraban established?5. Which state is the largest producer of petroleum?6. Who is the author of the book "Principles of Economics"?7. Silver Revolution which started during Indira Gandhi's regime is related to8. Which of the Following plateau is
famous for the production of Tea?9. The concepts of wages, rent, interest and profit are studied under which branch of Economics?10. Which of these is the plant important in sericulture?11. Who is called the Father of Modern Economics?12. A continuous rise in the price level is called13. In which year was oil first drilled in Assam?14. For which tea variety is Assam globally renowned?15. Which social science studies the production, distribution and consumption of wealth?16. The Assam Gas Cracker Project, located in Dibrugarh, is associated with the production of:17. What is the synonym of Affluent?18. Who is the author of the book "An Essay on the nature and Significance of Economic Science"?19. Who is known as the father of Economics?20. SEBI stands for