Question : Consumer sovereignty means:
Option 1: consumer are free to spend their income as they like
Option 2: consumer has the power to manage the economy
Option 3: Expenditures of consumers influence the allocation of resources
Option 4: Consumer goods are free from government control
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Correct Answer: consumer are free to spend their income as they like
Solution : The correct answer is consumers are free to spend their income as they like.
Consumer sovereignty is an economic idea that emphasises consumers' ability to select what products and services are manufactured and how resources are distributed in a market economy. It is based on the notion that customers can choose what they wish to buy and that their preferences and purchasing decisions dictate enterprises' production decisions.
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Question : What is the full form of SMPS?
Option 1: Switch Mode Power Supply
Option 2: Simple Mode Power Supply
Option 3: Storage Mode Power Supply
Option 4: Storage Mode Power Supply Shortage
Question : Select the most appropriate option to fill in the blanks. Chameleons can change their colour in an instant in order to blend with their background. They also have the ________ to move each of their eyes independently. They are also capable of looking in any direction. Chameleons feed on insects. They catch them with the help of their sticky tongue. Did you know: they can shoot out their tongue farther - more than the __________ of their own head and body combined!
Option 1: power, breadth
Option 2: means, width
Option 3: ability, length
Option 4: propensity, span
Question : The supply-side measure to control inflation is:
Option 1: reducing public expenditure
Option 2: price control through the public distribution system
Option 3: higher taxation to mop up liquidity
Option 4: credit control
Question : is the study of the distribution and determinants of health-related states or events in specified populations, and the application of this study to the control of health problems.
Option 1: Epidemiology
Option 2: Ontology
Option 3: Saurology
Option 4: Haematology
Question : According to the finance budget 2020-21, the target of 200 lakh tonnes of fish production by 2022-23 has been set as a part of the:
Option 1: pink economy
Option 2: white economy
Option 3: grey economy
Option 4: blue economy
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