Economics
Question : In terms of economics, if it is possible to make someone better off without making someone worse off, then the situation is
Option 1: inefficient
Option 2: efficient
Option 3: optimal
Option 4: pareto-superior
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
Question : Direction: Select the segment of the sentence that contains the grammatical error. If there is no error, mark 'No error' as your answer.
The commander-in-chiefs of (A) / all the three forces are (B) / coming for the ceremony. (C)/ No error (D)
Option 1: A
Option 2: B
Option 3: C
Option 4: D
Correct Answer: A
Solution : The correct answer is option 1
Explanation:
Question : Positive economics involves:
Option 1: Assessing the impact of economic policies on societal well-being
Option 2: Conducting experiments to test economic theories
Option 3: Evaluating the ethical implications of economic decisions
Option 4: Analyzing economic data to understand cause and effect relationships
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
Question : Comprehension:
In the following passage, some words have been deleted. Read the passage carefully and select the most appropriate option to fill in each blank.
Globalisation is not a new (1)_______. Traders travelled vast distances in ancient times to buy commodities that were (2) ______and expensive for sale in their homelands. The Industrial Revolution brought (3)_________ in transportation and communication in the 19th century that eased trade across borders. The think tank, Peterson Institute for International Economics (PIIE), states globalisation (4)________after World War I and nations moved toward (5)________ as they launched import taxes to more closely guard their industries in the aftermath of the conflict. Select the most appropriate option to fill in the blank number 1.
Option 1: power
Option 2: variation
Option 3: design
Option 4: concept
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.
Question : Which objective of government budget is highlighted here? Government aims to relocate resources with the aim of profit maximization and public welfare according to the priority of the country.
Option 1: Reallocation of resources
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: Economics growth
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
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
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
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
Hello Rakesh
You will be allowed to pursue degree in economics on the basis of your class xii marks.
Eligibility for pursuing degree in economics is that you have passed class xii with minimum 50% marks from any recognized university from any stream.
But as you have mentioned that you
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