Questions

Read the following passage carefully and choose the most appropriate answer to the question out of the four alternatives.

Most economists in the United States seem captivated by the spell of the free market. Consequently, nothing seems good or normal that does not accord with the requirements of the free market. A price that is determined by the seller or, for that matter (for that matter: so far as that is concerned), established by anyone other than the aggregate of consumers seems pernicious. Accordingly, it requires a major act of will to think of price-fixing (the determination of prices by the seller) as both "normal" and having a valuable economic function. In fact, price-fixing is normal in all industrialized societies because the industrial system itself provides, as an effortless consequence of its own development, the price-fixing that it requires. Modern industrial planning requires and rewards great size. Hence, a comparatively small number of large firms will be competing for the same group of consumers. That each large firm will act with consideration of its own needs and thus avoid selling its products for more than its competitors charge is commonly recognized by advocates of free-market economic theories. But each large firm will also act with full consideration of the needs that it has in common with the other large firms competing for the same customers.

Price-fixing is a phenomenon that is normal in -

Which  of  the  following  statements  with regard to Panchyats in India are correct?

1.Seats ina Panchayat are filled by direct election from the territorial constituencies in the Panchayat area.

2.The Gram Sabha is the body of persons registered in the electoral rolls relating to   a   village   within   the   Panchayat area.

3.The  Panchayats  work  on  the  principle of constitutional autonomy.

4.The   State   Legislature may   be   law endow  the  Panchayats  with  the  power and   authority   to   enable   them   to function.

Select  the  correct  answer  using  the  code given below.

How many members can be nominated by the President of India in the Rajya Sabha?

Salination of soil is caused by

In terms of size, Neptune ranks no. ___ in our Solar System.

Which one of the following statements about reusable space vehicle of ISRO is not correct?

Who launched ‘National Biopharma mission’ named ‘i3’ in June, 2017?

The name of first mammal clone sheep is