Questions

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four
alternatives.

Morality is _____ with ethics and symbolises the doctrine of actions right or wrong. Politics is the _____ of expediency and need not always be _____. If something is wrong and _____ expedient, it cannot be _____.

it cannot be _____.

If "+" means "minus", "x" means "divided by", "÷" means "plus" and "-" means "multiplied by", then 108 × 12 + 3 – 6 ÷ 4 = ?

Accounting principles are generally based on

In  which  one  of  the  following  cities  are the  Summer  Olympics,  2020  going  to  be held?

The area of a circle is 38.5 cm2. Find its circumference (in cm).

In 2017, which celebrity was appointed as the Goodwill Ambassador of the United Nations in India to amplify awareness about the Sustainable Development Goals (SDGs)?

Which Indian author has chronicled the life in the Kumaon hills in the book 'Things to Leave Behind'?

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.

Who, according to the economists, are the right group of people to set the price of a commodity?