Correct Answer: II, III

Solution : The correct answer is (b) II, III

An economist, as a practitioner of positive economics, would primarily focus on objective analysis and explaining economic phenomena as they are, rather than making subjective value judgments. Based on this understanding, an economist would typically be concerned with problems that can be studied and analyzed using positive economics principles.

The effect of speculation on raw material prices and the results of union pressure for increased wages can be analyzed and studied using positive economics principles. These issues involve economic factors, market dynamics, and their impact on the economy, which can be examined through empirical analysis and objective study.

The unfairness of wealth distribution and the rights and wrongs of exaggerated advertising claims, on the other hand, involve normative judgments about fairness and ethics, which fall outside the scope of positive economics.

Correct Answer: pareto-superior

Solution : The correct answer is Pareto-superior.

In economics, if it is achievable to make one person better off without making another person worse off, the scenario is referred to as a Pareto improvement or efficiency. A Pareto improvement happens when the well-being or utility of at least one individual is raised without reducing the well-being or usefulness of any other individual.

Correct Answer: Analyzing economic data to understand cause and effect relationships

Solution : The correct answer is (d) Analyzing economic data to understand cause and effect relationships.

Positive economics involves analyzing economic data to understand cause and effect relationships. It focuses on providing objective analysis and understanding of how the economy functions based on empirical evidence and data. Positive economics aims to describe and explain economic phenomena by examining observable data, identifying patterns, and establishing causal relationships between economic variables.

Correct Answer: concept

Solution : The correct choice is the fourth option.

In this context, the sentence discusses the historical aspects of globalisation, suggesting that it's not a new idea or concept. The word, concept refers to an abstract idea or a general notion that has existed over time. It fits well in the sentence to convey that the idea of globalisation is not recent but has historical roots.

The meanings of other options are as follows:

• Power refers to authority or control.
• Variation implies a difference or deviation from a standard or norm.
• Design refers to a plan or a purposeful arrangement.

Correct Answer: Reallocation of resources
 

Solution : Under allocation of resources Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
Hence Option A is correct.

Hello Aspirant!

Several colleges in India offer Economics (Hons) programs without requiring Mathematics as a compulsory subject. Here are some of the best colleges:

1. Delhi University (DU): D U offers Economics (Hons) programs at various colleges like Lady Shri Ram College for Women, Hindu College, and Shri Ram College of Commerce.

2. St. Xavier's College, Mumbai: S t. Xavier's College in Mumbai is known for its Economics (Hons) program and doesn't mandate Mathematics as a requirement.

3. Presidency University, Kolkata: Pr esidency University in Kolkata offers a rigorous Economics (Hons) program with a strong focus on theoretical and applied economics.

4. Loyola College, Chennai: Loyola College is renowned for its Economics (Hons) program, emphasizing both theory and practical aspects of economics.

5. Christ University, Bangalore: C hrist University offers a comprehensive Economics (Hons) program, focusing on contemporary economic issues and research.

6. St. Stephen's College, Delhi: St . Stephen's College offers Economics (Hons) with a multidisciplinary approach, allowing students to explore various aspects of economics.

7. Miranda House, Delhi: M iranda House is another prestigious college under Delhi University known for its Economics (Hons) program without a mandatory requirement of Mathematics.

These colleges provide excellent academic resources, experienced faculty, and a conducive learning environment for students pursuing Economics (Hons) without Mathematics. It's essential to research each college's specific admission criteria, curriculum, and extracurricular opportunities to find the best fit for your academic and career goals.

Hello,

One can take admission in college without taking maths in class 12th Delhi University,Hansraj College,H.R. College of Commerce and Economics,Jawaharlal Nehru University,Lady Shri Ram College for Women these colleges accept Students who have not taken mathematics in there class 12th so one can easily get admission without worry.

Hope this helps you,

Thank you

https://www.careers360.com/courses/ba-honors-in-economics

Hello,

I understand that the CUET requirement has mathematics as compulsory. In this case, you may need to consider taking mathematics as a subject in your class 12 board exams, even if you are in the arts stream. It is always good to check with the university directly for any specific requirements or alternatives As there might be some way to get admission.

Hope this helps you,

Thank you

https://www.careers360.com/courses/ba-in-economics

Hello,

Bachelor of Arts (B.A) Honours in Economics is a 3-year full time graduation course. It is a very demanding course which as a very wide scope due to the importance of economics in the business world. There are various top colleges for Economics honours in India which provide top quality education and placements.

These are some of the colleges you can aim:

1) Delhi University

2) AMU Aligarh

3) Hindu College

4) Lady Shri Ram College

5) Miranda House

6) St. Xavier's College

7) Ramjas College

8) APSU Rewa

9) SRCC

10) DSE

I hope this helps you,

Thank you