Which of the following can be said to be the characteristic feature of a capitalist economy?
There is private ownership of the means of production.
Production takes place for selling the output in the market as well as saving it for personal requirements of the owner in future.
Sale and purchase of labour services at a price is known as the wage rate.
Select the correct answer using the code given Below:
Who was recently appointed as the Eminent Jurist and Distinguished Professor at K.R. Mangalam University?
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What significant geological feature was uncovered by Israeli scientists near Cyprus?
What award did Ishwari Prasad Namboodiri receive recently?
On which date is the International Day of Zero Tolerance for Female Genital Mutilation observed?
What major event will Union Minister Dharmendra Pradhan inaugurate on February 7, 2024?
Which company was awarded the Best Green Bond - Corporate Award at The Asset Triple A Awards for Sustainable Finance 2024?
Who became the first woman judge appointed to the Kerala High Court in India?
What is the main objective of the Water (Prevention and Control of Pollution) Amendment Bill, 2024?
Which astronaut became the first person to hit a golf ball on the Moon?
What significant historical event occurred on February 6, 1819?
What record did cosmonaut Oleg Kononenko set recently?
Which fusion band won the Grammy for Best Global Music Album in 2024?
What significant award did Dr. Bina Modi receive in 2023?
Consider the following statements with respect to Managed Floating Exchange Rate:
1. In this exchange rate system, the central banks intervene to buy and sell foreign currencies in an attempt to moderate exchange rate movements.
2. It is also called the 'dirty floating' system.
Which of the statements given above is/are correct?
With reference to the economy, what does the term de minimis refer to?
Which of the following statements best explains the term ‘high-powered money’?
Which of the following statements best describes WTO's MFN (Most Favoured Nation) principle?
With reference to Bharat NCAP (New Car Assessment Program), consider the following statements:
1. It will allocate Star Ratings ranging from 0 to 4.
2. It is only applicable to cars that are produced in the country and not the imported models.
Which of the statements given above is/are correct?
If the equilibrium Rupee-Dollar exchange rate was Rs.65 and now it has become Rs.70 per dollar, then the Rupee has?
Consider the following statements:
The amount of domestic currency required to buy one unit of foreign currency is known as ‘nominal exchange rate’.
The ratio of foreign to domestic prices measured in the same currency is defined as ‘real exchange rate’.
Which of the statements given above is/are correct?
Consider the following statements:
Flows are defined at a particular point of time.
Stocks are defined over a period of time.
Which of the statements given above is/are Correct?
With reference to ‘Giffen goods’, consider the following statements:
They are goods for which demand increases as the price increases.
They do not have readily available substitutes.
Which of the statements given above is/are Correct?
Consider the following statements with respect to ‘economic agents’:
Economic agents are only individuals who make economic decisions.
Producers of goods and services who decide what and how much to produce cannot be categorised as economic agents.
Government entities and banks can also be economic agents.
Which of the statements given above is/are not Correct?
With reference to the Lassa fever, consider the following statements:
Which of the statements given above is/are correct?
Consider the following pairs:
Which of the pairs given above is/are correctly matched?
Consider the following statements:
Which of the statements given above is/are correct?
With reference to Fuel Cells, consider the following statements:
Which of the statements given above is/are correct?
With reference to the Liability Convention, consider the following statements:
How many statements given above are correct?
Consider the following statements with reference to the intermolecular interactions between the different states of matter:
Which of the statements given above is/are correct?