Question : 'Hire' and 'Fire' is the policy of:
Option 1: capitalism
Option 2: socialism
Option 3: mixed economy
Option 4: traditional economy
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Correct Answer: capitalism
Solution : The correct option is capitalism.
A capitalist economy follows the "hire to fire" premise. Unlike in a mixed economy, the government preserves workers' jobs, lowering employee turnover.
Employers can recruit and dismiss workers based on their business requirements, a key feature of capitalist economies. In a capitalist economy, the government often does not interfere with the labour market, allowing supply and demand to determine how to secure jobs for people.
Socialism and mixed-economy systems usually offer stronger job protections and regulate dismissal policies to some degree, whereas, in capitalism, employers can hire and fire freely based on the requirements.
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Question : Which of the following is not an important feature of the Industrial Policy of 1991?
Option 1: Foreign Technology Agreements
Option 2: Industrial Licensing Policy
Option 3: No Foreign Trade Policy
Option 4: Public Sector Policy
Question : The largest mixed gland of the human body is
Option 1: Thymus
Option 2: Liver
Option 3: Pancreas
Option 4: Spleen
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
Question : Brahmagupta used the terms 'Kuttaka' and 'Kuttakaganita' to refer to:
Option 1: algebra
Option 2: trigonometry
Option 3: arithmetic
Option 4: geometry
Question : 'Pigeon milk' is produced by:
Option 1: crop
Option 2: birds
Option 3: mammals
Option 4: all of the above
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