Question : Public goods possess which of the following features in the economy? I. They are non-rivalrous. II. They are non-excludable.
Option 1: Only II
Option 2: Only I
Option 3: Neither I nor II
Option 4: Both I and II
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Correct Answer: Both I and II
Solution : The correct option is Both I and II.
Public goods exhibit two essential characteristics in the economy. Firstly, they are non-rivalrous, meaning that consumption or use of the good by an individual does not diminish its availability to others.
Secondly, public goods are non-excludable, implying that it is challenging to exclude individuals from benefiting once the good is provided.
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Question : Which of the following is/are example(s) of cold-blooded animals? I. Turtles II. Snakes
Option 1: Both I and II
Option 2: Neither I nor II
Option 3: Only I
Option 4: Only II
Question : Which of the following is referred to as "paper taxes"? I. Wealth tax II. Gift tax
Option 3: Both I and II
Option 4: Neither I nor II
Question : Which of the following statements is/are correct? l. Amoeba ingests its food with the help of pseudopodia. II. Amoeba constantly changes its shape and position.
Question : The cash reserve ratio(CRR) is a tool to control the money supply through which measure I. Qualitative II. Quantitative
Question : Directions: By interchanging the given two signs which of the following equations will be correct? + and ÷ I. 4 ÷ 2 + 1 – 8 × 3 = –10 II. 18 ÷ 2 – 8 + 4 × 3 = 14
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