Q2.Who said these lines “these new and revolutionary changes in China and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia."
Answer : Option BExplaination / Solution:
He said these lines in his speech when India and Pakistan became independent nations in 1947, People's Republic of China was established in 1949. All the three countries had started planning their development strategies in similar ways.
Q3.It is a conscious design to shape the socio-economic processes in order to achieve an objective
Answer : Option CExplaination / Solution:
It means utilisation of country's resources into different development activities in accordance with national priorities.
Q6.The sum of the value of all final goods and services produced within the democratic territory of a country in a year is
Answer : Option CExplaination / Solution:
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.
Q9.In which among the following year the MRTP act become effective
Answer : Option CExplaination / Solution:
MRTP is abbreviation of Monopolies and Restrictive Trade Practices Act, it was first launched in 1970. The act was launched to minimise control in few hands, the act made sure that giant business houses did not misuse their powers.