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Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.
Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.
This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.
Q. Which of the following does the author includes in his definition of "real economy"?
  • a)
    An economy that takes psychological and cultural aspects into account.
  • b)
    An economy that takes economic principles into account.
  • c)
    An economy that depends on events occurring in reality.
  • d)
    An economy that relies on specialists and experts.
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Anything founded on the basis of unity has scope for growth. When tha...
Option (a) is correct as second paragraph focuses on the independence of activities which should otherwise be occurring in coherence. In this context, the real economy consists of the elements of reality, namely its social and psychological aspects as mentioned in the passage.
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Anything founded on the basis of unity has scope for growth. When tha...
Real Economy Definition
Definition:
- The author includes the idea of an economy that takes psychological and cultural aspects into account in his definition of the "real economy."
Explanation:
- The real economy refers to the actual production and consumption of goods and services in an economy.
- It involves all economic activities that contribute to the creation of wealth and well-being in society.
- Psychological and cultural factors play a significant role in shaping economic behavior and outcomes.
- By considering these factors, the real economy is more closely aligned with the complexities and nuances of human behavior and societal norms.
- This holistic approach acknowledges the interconnectedness of various aspects of life and how they influence economic activities and outcomes.
Significance:
- Understanding the real economy in this broader context can lead to more informed and effective economic policies and strategies.
- It helps policymakers and economists make decisions that are more reflective of the realities of society and how people actually behave in economic transactions.
- By recognizing the impact of psychological and cultural factors, the real economy can be better understood and managed to promote sustainable growth and development.
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Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following is a generalized version of the arguments made in the passage?

Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. If the author's arguments in the given passage are true, which of the following must also be true?

Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following best represents the author's opinion about the human brain?

Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following lines from the passage indicates that the mind can be deceived?

Direction: Read the passage and answer the question based on it.Civilization is basically a vital kind of grouping. Without civilizations, the world as we know it would not be. Civilizations have different qualities than regular groups of people such as nomads. For example, a civilization develops surpluses of things which helps the people be a stable community. These surpluses also create the construction and growth of cities and helps develop secure, formal states. Government is also present in civilizations. One very important part of a civilization is an advanced writing method. A civilization can only be complete with all of these factors, or it will just fall apart. Nomads are nowhere close to being a civilization even though sometimes groups of nomads have good technology. The words 'culture' and 'civilization' have been often used synonymously, though they have clearly defined meanings differentiating them. 'Civilization' means the betterment of ways of living, making Nature bend to fulfil the needs of humankind. It includes also organizing societies into politically well-defined groups working collectively for improved conditions of life in matters of food, dress, communication, and so on. Thus a group considers itself as civilized, while others were looked down upon as barbarians. This has led to wars and holocausts, resulting in mass destruction of human beings. What are the good parts of our civilization ? First and foremost there are order and safety. If today I have a quarrel with another man, I do not get beaten merely because I am physically weaker and he can kick me down. I go to law, and the law will decide as fairly as it can between the two of us. Thus in disputes between man and man right has taken the place of might. Moreover, the law protects me from robbery and violence. Nobody may come and break into my house, steal my goods or run off with my children. Of course, there are burglars, but they are very rare, and the law punishes them whenever it catches them. It is difficult for us to realize how much this safety means. Without safety these higher activities of mankind which make up civilization could not go on. The inventor could not invent, the scientist find out or the artist make beautiful things. Hence, order and safety, although they are not themselves civilization are things without which civilization would be impossible. They are as necessary to our civilization as the air we breathe is to us; and we have grown so used to them that we do not notice them any more than we notice the air.Another great achievement of our civilization is that today civilized men are largely free from the fear of pain. They still fall ill, but illness is no longer the terrible thing it used to be.... Not only do men and women enjoy better health; they live longer than they ever did before, and they have a much better chance of growing up.... Thirdly, our civilization is more secure than any that have gone before it. This is because it is much more widely spread.... Previous civilizations were specialized and limited, they were like oases in a desert.Q. What according to the author has the freedom from the fear of pain led to?

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Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer?
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Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? for CLAT 2025 is part of CLAT preparation. The Question and answers have been prepared according to the CLAT exam syllabus. Information about Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for CLAT 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer?.
Solutions for Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for CLAT. Download more important topics, notes, lectures and mock test series for CLAT Exam by signing up for free.
Here you can find the meaning of Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice Anything founded on the basis of unity has scope for growth. When that unity moves towards integrality, the impetus for growth gets stronger. Mind operates by dividing reality into parts and regarding each as a whole in itself. It is an instrument of division. But its division is creative in that it expresses unity through division. In early civilizations, all life activities were centered on basic survival. Family, religion, production, festivals, trade, etc. were all closely interlinked. As society became more sophisticated, each sector acquired a life of its own and began to develop independently of the others. Thus, trade, commerce, banking and other sectors each developed a life of its own. Such a division eventually led to segregated specialization and fragmentation of knowledge, institutions and activities. These divisions appear real to the mind that accepts them, but social reality remains undivided and integrated.Current theories regard economy as a separate and independent sphere of activity, ignoring its inextricable linkages with politics, law, ecology, culture and the underlying forces of social power. Economics generally ignores the impact of subjective psychological and cultural factors on economic and social outcomes or applies simplistic assumptions far removed from the real world.This fragmentation has been stretched to the point of regarding finance as a field independent of the real economy.Q. Which of the following does the author includes in his definition of "real economy"?a)An economy that takes psychological and cultural aspects into account.b)An economy that takes economic principles into account.c)An economy that depends on events occurring in reality.d)An economy that relies on specialists and experts.Correct answer is option 'A'. 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