Question : Which of the following is an example of positive economics?
Option 1: The government should invest more in renewable energy sources.
Option 2: Higher taxes on cigarettes will reduce smoking rates.
Option 3: Income inequality is a moral issue that needs to be addressed.
Option 4: Economic growth is essential for societal well-being.
Correct Answer: Higher taxes on cigarettes will reduce smoking rates.
Solution : The correct answer is (b) Higher taxes on cigarettes will reduce smoking rates.
Positive economics is concerned with analyzing economic data and facts to provide objective analysis and understanding of how the economy functions. It aims to describe and explain economic phenomena without making value judgments or prescribing how the economy should function. Option (b) is an example of positive economics because it is based on empirical evidence and economic analysis.
Answer laterfor du will i have to take maths subject in my degree while pursuing economics hons
Hello,
Yes, It is compulsory to pursue Economics honours with maths as a subject. You should have to take maths no matter whether it is your compulsory subject or additional subject (6th Subject). It is compulsory to take maths in all colleges that come under DU. All you need to do is pass in maths and there is no need to worry about scoring good.
I hope this helps,
Thank you
Question : Statement 1: The term entrepreneur was introduced by French economist Richard Cantillon
Statement 2: The term entrepreneur was first introduced in economics by the early 19th century.
Option 1: Both are true
Option 2: Both are false
Option 3: Statement 1 is true and statement 2 is false.
Option 4: Statement 1 is false and statement 2 is true.
Correct Answer: Statement 1 is true and statement 2 is false.
Solution : The term entrepreneur was first introduced in economics by the early 18th century. It was introduced by a French economist Richard Cantillon.
Hence, option C is correct.
Question : The following Bar Graph displays the highest, average and lowest marks obtained in Accounts, Business Studies, Economics and English by students of Class XII in an Examination. The maximum mark for each subject is 100. Study the graph carefully and answer the question that follows:
Which of the two Highest Scores is better and by how much?
The combined Highest Score of Accounts and Business Studies or the Highest Score of Economics and English taken together.
Option 1: Economics and English by 10
Option 2: Accounts and Business Studies by 9
Option 3: Accounts and Business Studies by 8
Option 4: Economics and English by 8
Correct Answer: Economics and English by 8
Solution : The combined highest score of Accounts and Business Studies = (96 + 96) = 192
The combined highest score of Economics and English = (100 + 100) = 200
So the combined highest score of Economics and English is better by (200 – 192) = 8 marks
Hence, the correct answer is Economics and English by 8.
Question : The central problem in economics is that of
Option 1: comparing the success of command versus market economies.
Option 2: guaranteeing that production occurs in the most efficient manner.
Option 3: guaranteeing a minimum level of income for every citizen.
Option 4: allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied in the best possible manner.
Correct Answer: allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied in the best possible manner.
Solution : The correct answer is (d) allocating scarce resources in such a manner that society's unlimited needs or wants are satisfied in the best possible manner.
The central problem in economics is how to allocate scarce resources in a way that satisfies society's needs and wants as best as possible. This is a difficult problem because resources are limited, but human wants are unlimited.
Question : Which of the following statements is an example of positive economics?
Option 1: The government should regulate the banking sector to prevent financial crises.
Option 2: Tax cuts for corporations will stimulate economic growth.
Option 3: Wealth redistribution is necessary for a just society.
Option 4: Economic efficiency should be prioritized over equity.
Correct Answer: Tax cuts for corporations will stimulate economic growth.
Solution : The correct answer is (b) Tax cuts for corporations will stimulate economic growth.
Tax cuts for corporations will stimulate economic growth is an example of positive economics because it presents a cause-and-effect relationship based on empirical evidence and economic analysis. It suggests that tax cuts for corporations will lead to an increase in economic growth. Positive economics focuses on analyzing economic data and facts to provide objective analysis and understanding of how the economy functions.
Question : The analysis of the interrelationship between the economy and the environment in the economic environmental accounting system was forwarded by_____.
Option 1: Central Statistical Office
Option 2: National Environmental Engineering Institute
Option 3: Directorate of Economics and Statistics
Option 4: United Nations Statistical Office
Correct Answer: United Nations Statistical Office
Solution : The correct answer is the United Nations Statistical Office.
Formerly known as the United Nations Statistical Office, the United Nations Statistics Division (UNSD), under the Department of Economic and Social Affairs (DESA) of the UN Secretariat, is responsible for providing the necessary statistics and coordinating the efforts of the international statistical system.
The United Nations Statistical Office provided an examination of the relationship between the environment and the economy in the economic environmental accounting system.
Question : Of the three fundamental questions in economics, the "distribution" question has to do
with
Option 1: Who will receive the output
Option 2: How the output will be shipped from the place of production to the consumer
Option 3: How economic resources are distributed to producers
Option 4: What products will be produced
Correct Answer: Who will receive the output
Solution : The correct answer is (a) Who will receive the output.
The distribution question in economics pertains to how the produced goods and services are allocated among individuals or groups in society. It involves determining who will receive the output of the economy's production. This encompasses issues of income distribution, wealth distribution, and the fairness or equity of how resources and benefits are distributed among the members of society.
Question : Directions: Six books Hindi, Biology, Mathematics, Economics, Physics, and Chemistry are placed in two racks facing each other with three books in each rack. Hindi and Chemistry are in the same rack but are not neighbours. Biology is placed exactly opposite to Economics. Biology is just left of Hindi facing the South direction. Physics is exactly opposite to Chemistry. Which of the following is placed exactly opposite to Hindi?
Option 1: Chemistry
Option 2: Economics
Option 3: Biology
Option 4: Mathematics
Correct Answer: Mathematics
Solution : 1. Biology is just left of Hindi facing the South direction. Hindi and Chemistry are in the same rack but are not neighbours. 
2. Biology is placed exactly opposite to Economics. Physics is exactly opposite to Chemistry.
So, Mathematics is the opposite of Hindi. Hence, the fourth option is correct.
Question : Which objective of government budget is highlighted here?
High amount of taxation is imposed on rich class and more welfare is given to poor.
Option 1: Reallocation of resources
Option 2: Reducing income inequalities
Option 3: Economic stability
Option 4: Economics growth
Correct Answer: Reducing income inequalities
Solution : Under reducing inequalities of income and wealth, Government high amount of taxation is imposed on rich class and more welfare is given to poor.
Hence Option B is correct.
