Q:

Who was the author of the book, Plagues and Peoples?

A) W.L. Thomas B) Rachel Carson
C) David Cannadine D) William H.McNeill
 
Answer & Explanation Answer: D) William H.McNeill

Explanation:

Plagues and Peoples is a book on epidemiological history by William Hardy McNeill published in New York City in 1976. It was a critical and popular success, offering a radically new interpretation of the extraordinary impact of infectious disease on cultures as a means of enemy attack. The book ranges from examining the effects of smallpox in Mexico, the bubonic plague in China, to the typhoid epidemic in Europe.

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Q:

Which European traveller had observed,"A Hindu woman can go anywhere alone, even in the most crowded places, and she need never fear the impertinent looks and jokes of idle loungers"?

A) Francois Bernier B) Jean-Baptiste Tavernier
C) Thomas Roe D) Abbe J.A. Dubois
 
Answer & Explanation Answer: D) Abbe J.A. Dubois

Explanation:

A European traveler, Abbe J.A. Dubois, commented, at the beginning of the 19th century: "A Hindu woman can go anywhere alone, even in the most crowded places, and she need never fear the impertinent looks and jokes of idle loungers....A house inhabited solely by women is a sanctuary which the most shameless libertine would not dream of violating.' The women of the time possessed title individuality of their own. This does not mean that there were no exceptions to this rule.

 

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Q:

Which European ruler had observed 'Bear in mind that the commerce of India is the commerce of the world .... he who can exclusively command it is the dictator of Europe?

A) Queen Victoria B) Peter the Great of Russia
C) Napoleon Bonaparte D) Gustav II Adolf
 
Answer & Explanation Answer: B) Peter the Great of Russia

Explanation:

India was one of the main centres of world trade and industry. Peter the Great of Russia was led to exclaim: “Bear in mind that the commerce of India is the commerce of the world and ... he who can exclusively command it is the dictator of Europe.”

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Q:

Who was the founder of Mahakali Pathshala in Calcutta?

A) Her Holiness Mataji Maharani Tapaswini B) Sister Nivedita
C) Madamee Blavatsky D) Sarojini Naidu
 
Answer & Explanation Answer: A) Her Holiness Mataji Maharani Tapaswini

Explanation:

Mataji Maharani Tapaswini was one of the strongest proponents of female education in India. Her greatest contribution came in the form of the Mahakali Pathshala which she set up in Kolkata in 1893.

The school was a completely indigenous affair which did not rely on either foreign aid or assistance. The education of girls was carried out on a strictly national basis in the hopes that they would be able to revive and regenerate Hindu society.

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Q:

Who designed the Bombay Secretariat in the 1870s?

A) H.St. Clair Wilkins B) Sir Cowasjee Jehangir Readymoney
C) Purushottamdas Thakurdas D) Nusserwanji Tata
 
Answer & Explanation Answer: A) H.St. Clair Wilkins

Explanation:

The Bombay Secretariat was completed in 1874 and designed by Captain Henry St. Clair Wilkins in the Venetian Gothic style. With its arcaded verandahs and huge gable over the west facade, it was a monument to the civic pride of Bombay's British rulers.

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Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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Q:

When some goods or productive factors are completely fixed in amount, regardless of price, the supply curve is

A) horizontal B) downward sloping to the right
C) vertical D) upward sloping to the right
 
Answer & Explanation Answer: D) upward sloping to the right

Explanation:

Although demand curves are typically downward sloping to reflect that consumers’ utility for a good diminishes with increased consumption, firm supply curves are generally upward sloping.The upward sloping character reflects that firms will be willing to increase production in response to a higher market price because the higher price may make additional production profitable.

 

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Filed Under: Indian Economy
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Q:

Consider the following statements about a joint-stock company:

1. It has a legal existence.

2. There is limited liability of shareholders.

3. It has a democratic management.

4. It has a collective ownership.

Which of the statements given above are correct?

A) 1 and 2 only B) 1, 2 and 3 only
C) 3 and 4 only D) 1, 2, 3 and 4
 
Answer & Explanation Answer: D) 1, 2, 3 and 4

Explanation:

Joint stock company is a voluntary association of individuals for profit, having a capital divided into transferable shares, the ownership of which is the condition of membership.

The definition of a joint stock company highlights the following features of a company.

Separate legal entity:From the day of its incorporation, a company acquires an identity, distinct from its members. Its assets and liabilities are separate from those of its owners. The law does not recognise the business and owners to be one and the same.

The management and control of the affairs of the company is undertaken by the Board of Directors, which appoints the top management officials for running the business. The directors hold a position of immense significance as they are directly accountable to the shareholders for the working of the company. The shareholders, however, do not have the right to be involved in the day-to-day running of the business. The liability of the members is limited to the extent of the capital contributed by them in a company

The risk of losses in a company is borne by all the shareholders. This is unlike the case of sole proprietorship or partnership firm where one or few persons respectively bear the losses.

 

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