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 : In an economy, equilibrium level of income falls short by Rs.400 crore. Calculate the additional investment needed to achieve the equilibrium level of income, 80% of the increased income is spent on consumption.
Option 1: 70
Option 2: 80
Option 3: 90
Option 4: 100
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 : Directions: If < means multiplication, × means subtraction, ÷ means addition, and + means division, then find the value of the given expression. 5 ÷ 3 < 2 + (9 + 3) × 2 = ?
Option 1: 5
Option 2: 12
Option 3: 1
Option 4: 7
Question : Directions: If + means –, ÷ means +, < means × and > means ÷, then 8 ÷ 6 < 2 > (10 > 5) + 4 is equal to?
Option 1: 12
Option 2: 8
Option 3: 10
Option 4: 16
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