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406. Who among the following is not known as classical economist ?
A. Adam Smith
B. Bentham
C. James Mill
D. Friedmann
Explanation:
407. According to the law of demand, when
A. price increase demand decreases
B. price decrease demand decreases
C. price increases demand increases
D. price decreases demand does not change
Explanation:
408. The States action under which a creditors right to take action against a debtor for realisation of debt - money is kept under suspension for a specified period is called.
A. Retionalisation
B. Ceiling
C. Embargo
D. Moratorium
Explanation:
409. Who among the following were protagonists of Evolutionary Socialism ?
A. Marx, Stalin and Bernstein
B. Lenin, A.J. Penty and Sidney Webb.
C. Sidney Weeb, Bernard Shaw and Bernstein
D. Marx, Engels and Trotsky
Explanation:
410. Evils of capitalism may be minimised by adopting the principle of
A. nationalisation
B. economic control
C. cooperation
D. progressive taxation
Explanation:
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