Question : In-group bias refers to:
Option 1: The tendency to favor one's own group over others
Option 2: The preference for interacting with out-group members
Option 3: The equal treatment of in-groups and out-groups
Option 4: The competition between different groups
Correct Answer: The tendency to favor one's own group over others
Solution : In-group bias refers to the tendency to favor one's own group (the in-group) over others (the out-groups). This bias can manifest in various ways, including preferential treatment and positive evaluations of in-group members.
Question : The primary difference between cooperation and competition is:
Option 1: The level of group interaction
Option 2: The focus on individual versus group goals
Option 3: The presence of a leader
Option 4: The duration of the activity
Question : Match the characteristics with their market structure:
(a) Marginal Cost (MC) = Market Price(MR)
(b) The firm will tend to set output to earn maximum profit.
Option 1: (a) Pure competition, and (b) Pure monopoly
Option 2: (a) Pure monopoly, and (b) Monopolistic competition
Option 3: (a) Oligopoly, and (b) Monopolistic competition
Option 4: (a) Pure competition, and (b) Oligopoly
Question : A common cause of intergroup conflicts is:
Option 1: Clear communication
Option 2: Shared resources
Option 3: Competition for resources
Option 4: Cooperation between groups
Question : Which of the following is a way to promote peace according to psychological approaches?
Option 1: Increasing military spending
Option 2: Encouraging empathy and understanding
Option 3: Promoting competition between groups
Option 4: Ignoring historical conflicts
Question : Case Study 11: Role of Government Schemes
A group of young entrepreneurs started a tech company with a vision to bridge the digital divide in rural areas. The government supported their initiative by providing financial assistance and incentives.
Question:
How did the government's financial assistance impact the tech company?
Option 1: It led to the closure of the company
Option 2: It increased competition from other tech firms
Option 3: It supported the company's initiative in rural areas
Option 4: It increased taxation for the company
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