Question
____________ poverty is a universal phenomenon. [Relative/Absolute/Rural]
✓
Answer
Relative
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Statements related to wealth:
(a) Wealth means anything which has market value and can be exchanged for money.
(b) It is external to a human beings.
(c) Wealth has no utility.
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(d) Wealth is scarce and exchangeable.
$D_7$ from the given data.
Data – 4, 5, 6, 7, 8, 9, 10, 11, 12
→Data – 4, 5, 6, 7, 8, 9, 10, 11, 12
| Group ‘A’ | Group ‘B’ |
| 1. Metallic Coins | Latest development in credit money |
| 2. Commodity Money | Cheques |
| 3. Paper Money | Currency Notes |
| 4. Bank Money | Problem of divisibility |
| 5. Electronic money | (e) Gold coins |
| Group ‘A’ | Group ‘B’ |
| 1. Token Coin | Credit Money |
| 2. Standard coin | Not steady |
| 3. Money | Medium of Exchange |
| 4. Value of Money | Face value more than intrinsic value |
| 5. Bills of Exchange | (e) Face value equal to intrinsic value |
Statements related to Economics:
(a) Economics is a social science.
(b) Concept of economics is derived from the Greek word ‘Oikonomia’.
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(a) Economics is a social science.
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Arrange in proper order:
Sector of Economy
(a) Quaternary
(b) Tertiary
(c) Secondary
(d) Primary
Sector of Economy
(a) Quaternary
(b) Tertiary
(c) Secondary
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Agricultural policies have been reviewed from time to time.
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(d) Economics studies common man.
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(b) Wealth of Nations is authored by Adam Smith.
(c) Economics is the science of wealth.
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