Question : Which of the following is an example of an automatic stabilizer?
Option 1: Unemployment benefits
Option 2: Defense spending
Option 3: Education spending
Option 4: Social security spending
Correct Answer: Unemployment benefits
Solution : The correct answer is (a). Unemployment benefits
unemployment benefits are an example of an automatic stabilizer. Automatic stabilizers are government policies or programs that are designed to automatically stabilize the economy during periods of economic downturns or recessions.
Unemployment benefits provide financial assistance to individuals who have lost their jobs and are actively seeking employment. During economic downturns, when unemployment rates tend to rise, the number of individuals eligible for and receiving unemployment benefits increases. These benefits act as an automatic stabilizer because they help support individuals and families during times of economic hardship, thereby providing a stimulus to the economy.
Unemployment benefits help stabilize the economy by providing income to unemployed individuals, which can be used to meet their basic needs and maintain their consumption levels. This, in turn, helps to mitigate the negative impact of recessions on aggregate demand and can contribute to stabilizing the overall economy.
Answer laterQuestion : Based on Macaulay’s Minute, the English Education Act was introduced in ______.
Option 1: 1875
Option 2: 1835
Option 3: 1855
Option 4: 1815
Correct Answer: 1835
Solution : The correct option is 1835.
Macaulay's Minute was written in 1835, and it played a significant role in the introduction of the English Education Act of 1835 in India. The English Education Act, also known as the Minute on Indian Education, was enacted by the British colonial government in India. Lord Thomas Babington Macaulay, a British colonial administrator, drafted the Minute.
Question : Assertion: SEBI's development functions include regulating stockbrokers and sub-brokers.
Reason: SEBI aims to provide investor education and training.
Option 1: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Option 2: Both assertion and reason are true, but the reason is not the correct explanation of the assertion.
Option 3: Assertion is true, but the reason is false.
Option 4: Assertion is false, but the reason is true.
Correct Answer: Both assertion and reason are true, and the reason is the correct explanation of the assertion.
Solution : The correct answer is (a) Both assertion and reason are true, and the reason is the correct explanation of the assertion.
The assertion is true. SEBI's development functions do include regulating stockbrokers and sub-brokers to ensure a fair and transparent securities market.
The reason is true and provides the correct explanation. SEBI aims to provide investor education and training to enhance investor knowledge and awareness. Educated and informed investors are vital for a healthy and well-functioning securities market. Therefore, the reason accurately explains SEBI's development functions related to investor education and training.
Question :
Directions: In the following question, select the related word from the given alternatives.
Medicine : Patient :: Education : ?
Option 1: Teacher
Option 2: School
Option 3: Student
Option 4: Tuition
Correct Answer: Student
Solution : Given:
Medicine : Patient :: Education : ?
Like, the patient is the recipient of medicine.
Similarly, the student is the recipient of education.
Hence, the third option is correct.
Question : Comprehension:
In the following passage, some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number.
Salvador Dali (1)________ a prominent Spanish surealist painter (2)______ in Figueres, Catalonia, on 11 May 1904. Dali's father was strict in the education of his children unlike (3)________ mother. Dali had a brother named Salvador (4)_____ was born nine months before him and died of gastroenteritis. When he was five, Dali was taken to his brother's grave and was told that he was his brother's (5)_______.
Question:
Select the most appropriate option to fill in the blank No. 3.
Option 1: their
Option 2: him
Option 3: her
Option 4: his
Correct Answer: his
Solution : The correct choice is the fourth option.
His is a possessive determiner that is used to show possession by a male person. It is the appropriate choice to fill the blank with, as the sentence is talking about the mother of Dali, making it the appropriate determiner to be used in this context.
Therefore, the complete choice is: "Dali's father was strict in the education of his children unlike his mother."
Question : Which of the following infrastructure is associated with education, health and housing?
Option 1: Economic infrastructure
Option 2: Social infrastructure
Option 3: Both A and B
Option 4: Neither A and B.
Correct Answer: Economic infrastructure
Solution : Social infrastructure includes infrastructure associated with education , health and housing. It is important to promote such activities which improve quality of Human Resource.
Hence Option A is correct.
Question : Why is human development considered a multidimensional concept?
Option 1: It focuses solely on economic growth
Option 2: It includes only educational attainment
Option 3: It encompasses health, education, and income
Option 4: It is based on technological advancements
Correct Answer: It encompasses health, education, and income
Solution : Human development is considered a multidimensional concept because it encompasses health, education, and income, reflecting a broader view of well-being beyond just economic growth.
Question : Find out the misfit sentence in the following set of sentences:
Option 1: Schooling is very significant for all of us
Option 2:
Schooling leads us to our objectives
Option 3: Schooling provides us illumination and thus, reinforces our proficient objectives
Option 4: Schooling is the base of every education system
Option 5: Schooling helps us envision ourselves in important positions
Correct Answer: Schooling is very significant for all of us
Solution :
The other options assert and exemplify the significance of schooling. “Schooling is very significant for all of us” is therefore the correct answer.
Question : Which of the following are the part of national income?
- Expenditure on education of children by a family.
- Purchase of rented factory building by the factory owner.
- Purchase of furniture by a firm.
- Profit earned by branches of foreign bank in India.
Option 1: Only 1&3
Option 2: 2,3&4
Option 3: 1,3&4
Option 4: 1,2,3&4
Correct Answer: 1,3&4
Solution : The important points are-
- Expenditure on education of children by a family- private final consumption expenditure
- Purchase of rented factory building by the factory owner- intermediate consumption
- Purchase of furniture by a firm- private final consumption expenditure
- Profit earned by branches of foreign bank in India- profit
Hence, Option C is correct.
Question : The pie chart given here shows the spending by a family on various items during the year 2000. Study the graph and answer these questions.
The ratio of the total amount of money spent on housing to that spent on education was:
Option 1: 2 : 5
Option 2: 5 : 4
Option 3: 4 : 5
Option 4: 5 : 2
Correct Answer: 5 : 4
Solution : Percentage of money spent on education = 12%
Percentage of money spent on housing = 15%
Money spent on an item is directly proportional to its percentage in the given pie chart.
So, required ratio = 15 : 12 = 5 : 4
Hence, the correct answer is 5 : 4.
