Tag: fundamental duties and directive principles

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Multiple choice economics fundamental concepts and terminologies savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

Recession is generally associated with the phenomena of __________.

  1. falling prices

  2. falling sensex

  3. falling population

  4. falling public spending
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Recession is also known as business contraction cycle ,where a decrease in general price level in an economy is observed.

Multiple choice economics fundamental concepts and terminologies savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

__________ are of regular nature and repeat themselves after a fixed interval of time.

  1. Periodic variations

  2. Oscillatory variations

  3. (a) or (b)

  4. Irregular variations
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Periodic variations occur after a fixed interval or period of time. They happen repeatedly. In economics, periodic variations can be found in production and consumption.

Multiple choice economics fundamental concepts and terminologies savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

A business cycle contraction will tend to cause: ______.

  1. decrease in foreign capital

  2. increase in unemployment

  3. fall in inflation

  4. all the three
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation
A business contraction cycle or recession cycle will cause:
1) Capital accumulated from foreign countries gets depleted
2) Unemployment level in an economy increase because wage level falls as the profit of the business decreases due to low investment..
3) Decrease in general price level is also observed  ,that is, fall in inflation.
Multiple choice economics fundamental concepts and terminologies savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

When we say that the Demand for a commodity depends upon the money income of the Consumer, we are referring to -

  1. Income Effect

  2. Substitution Effect

  3. Demonstration Effect

  4. Utility Effect
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

The income effect describes how a change in a consumer's real income, due to a change in the price of a commodity, affects the quantity demanded.

Multiple choice economics fundamental concepts and terminologies savings, investment, wealth, welfare and business cycle fundamental duties and directive principles fundamental duties and directive principles of state policy

TR minus total explicit cost is called:

  1. profit

  2. economic profit

  3. supernormal profit

  4. accounting profit
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Accounting profits refers to the profits which include implicit cost in them along with normal profits.It only excludes explicit cost from the overall revenue. 

Multiple choice social studies directive principles of state policy and fundamental duties directive principles and fundamental duties fundamental duties fundamental duties and directive principles

Separation of the Judiciary from the Executive is enjoined by ______________.

  1. Preamble

  2. Directive Principle

  3. Seventh Schedule

  4. Judicial Decision
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Option B is the correct answer. Article 50 of Constitution of India is a directive principle of state policy. It gives a direction to the State to keep Judiciary independent of the Executive, particularly in judicial appointments.

Multiple choice social studies directive principles of state policy and fundamental duties directive principles and fundamental duties fundamental duties fundamental duties and directive principles

In which case did the Supreme Court restore the primacy of the Fundamental Rights over the Directive Principles of State Policy?

  1. Golaknath Case

  2. Keshavananda Bharti Case

  3. Minerva Mills Case

  4. All the above cases
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Option A is the correct answer. In Golaknath Case, the Supreme Court restored the primacy of the Fundamental Rights over the Directive Principles of State Policy. Golaknath case was a 1967 Indian Supreme Court case, in which the Court ruled that Parliament could not curtail any of the Fundamental Rights in the Constitution.

Multiple choice social studies directive principles of state policy and fundamental duties directive principles and fundamental duties fundamental duties fundamental duties and directive principles

The total number of Fundamental Duties mentioned in the Constitution is __________.

  1. 9

  2. 10

  3. 11

  4. 12
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation
Option C is the correct answer. The Fundamental Duties are defined as the moral obligations of all citizens to help promote a spirit of patriotism and to uphold the unity of India. These were incorporated in the constitution by the 42nd Amendment Act. Fundamental duties are not enforceable by courts. 
Eleven fundamental duties for citizens are:
1. To abide by and respect the constitution, the national flag, and national anthem.
2. To cherish and follow the noble ideas of the freedom struggle.
3. To uphold and protect the sovereignty, unity, and integrity of India.
4. To defend the country and render national service when required.
5. To promote common brotherhood and establish dignity of women.
6. To preserve the rich heritage of nation's composite culture.
7. To protect and improve the natural environment.
8. To develop scientific temper, humanism, and spirit of inquiry.
9. To safeguard public property and abjure violence.
10. To strive for excellence in all sphere of individual and collective activity.
11. To provide opportunities for education to his child or ward between the age of six and fourteen years. (This duty was added by the 86th Constitutional Amendment Act, 2002)
Multiple choice social studies directive principles of state policy and fundamental duties directive principles and fundamental duties fundamental duties fundamental duties and directive principles

In which year IX Schedule was included in the Indian Constitution ?

  1. 1950

  2. 1951

  3. 1952

  4. 1953
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Article 31-B was inserted by the First Constitutional(Amendment) Act 1951. Article 31-B of the Constitution of lndia ensured that any law in the Ninth Schedule could not be challenged in courts and Government can rationalize its programme of social engineering by reforming land and agrarian laws. 

Multiple choice social studies directive principles of state policy and fundamental duties directive principles and fundamental duties fundamental duties fundamental duties and directive principles

What is meant by bonded labour?

  1. It means the attempt by some region in political system.

  2. An agreement or an understanding between states to co-exist on the basis of non-aggression.

  3. The rights that are inherent in the man's social nature.

  4. A practice in which a person has to work for the money-lender.
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Bonded labour is a practice where a labourer has to work for the money lender for the repayment of the loan or debt. It is a kind of pledge to provide service at the will, whims and desire of the money lender.