Question : Which of these is not a part of the classification of economic activities carried out in an economy?
Option 1: Production
Option 2: Consumption
Option 3: Distribution
Option 4: Law and order
Correct Answer: Law and order
Solution : The correct option is Law and order.
Law and order maintenance is not classified as part of economic activities. Maintaining law and order falls under the purview of governance, public administration, and the justice system, which are considered non-economic activities. While crucial for a stable and functioning society, they are distinct from economic activities that directly contribute to the production, and exchange of goods and services.
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Question : The Psychological Law of Consumption states that
Option 1: proportionate increase in consumption is less than a proportionate increase in income.
Option 2: increase in income is equal to an increase in consumption.
Option 3: increase in consumption is greater than the increase in income.
Option 4: consumption does not change with a change in income.
Question : The Newton's First law is also called as:
Option 1: Law of moments
Option 2: Law of interia
Option 3: Law of energy
Option 4: law of momentum
Question : Newton's first law is also known as:
Option 1: Law of friction
Option 2: Law of momentum
Option 3: Law of inertia
Option 4: Law of motion
Question : Which of the following is the right expansion of ILO?
Option 1: International Law and Order
Option 2: Inter-State Lawful Ordinance
Option 3: Indian Legal Orientation
Option 4: International Labour Organisation
Question : In which year did John Alexander Newlands propound a new concept of the 'Law of Octaves' proposing the periodicity of chemical elements arranged in order of atomic weight?
Option 1: 1860
Option 2: 1865
Option 3: 1873
Option 4: 1870
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