1. Which of the following matters requires the previous sanction of the President for introducing legislation on it?





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MCQ-> Analyse the following passage and provide appropriate answers for the questions that follow: Advances in economic theory in the 1970s and 1980s illuminated the limits of markets; they showed that unfettered markets do not lead to economic efficiency whenever information is imperfect or markets are missing (for instance, good insurance markets to cover the key risks confronting individuals). And information is always imperfect and markets are always incomplete. Nor do markets, by themselves, necessarily lead to economic efficiency when the task of a country is to absorb new technology, to close the “knowledge gap”: a central feature of development. Today, most academic economists agree that markets, by themselves, do not lead to efficiency; the question is whether government can improve matters. While it is difficult for economics to perform experiments to test their theories, as a chemist or a physicist might, the world provides a vast array of natural experiments as dozens of countries try different strategies. Unfortunately, because each country differs in its history and circumstances and in the myriad of details in the policies – and details do matter – it is often difficult to get a clear interpretation. What is clear, however, is that there have been marked differences in performance, that the most successful countries have been those in Asia, and that in most of the Asian countries, government played a very active role. As we look more carefully at the effects of particular policies, these conclusions are reinforced: there is a remarkable congruence between what economic theory says government should do and what the East Asian governments actually did. By the same token, the economic theories based on imperfect information and incomplete risk markets that predicted that the free flow of short-term capital – a key feature of market fundamentalist policies – would produce not growth but instability have also been borne out.“… whether government can improve matters”. Here ‘matters’ indicates
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MCQ-> Study the following information carefully and answer the given question. Eight colleagues A,B,C,D,E,F,G and H, are sitting around a circular table facing the center but not necessarily in the same order.Each one of them holds a different post--- Manager, Company Secretary, Chairman, President, Vice President, Group Leader, Financial Advisor and Managing Director. A sits third to the right of the Managing Director. Only two people sit between the Managing Director and H.The Vice President and the company Secretary are immediate neighbours. Neither A nor H is a Vice President or a company Secretary.The Vice President is not an immediate neighbours of the Managing Director.The manager sits second to the left of E.E is not an immediate neighbour of H.The manager is an immediate neighbour of both the Group Leaders and the Financial Advisor. The Financial Advisor sits third to the right of B.B is not the Vice President.C sits on the immediate right of the Chairman. A is not the chairman . F is not an immediate neighbour of A G is not an immediate neighbour of the Manager.Who amongst the following sits third to the right of E ?
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