1. Who among the following was not associated with the Sarvodaya movement? -





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MCQ-> I suggest that the essential character of the Trade Cycle and, especially, the regularity of time-sequence and of duration which justifies us in calling it a cycle, is mainly due to the way in which the marginal efficiency of capital fluctuates. The Trade Cycle is best regarded, I think, as being occasioned by a cyclical change in the marginal efficiency of capital, though complicated and often aggravated by associated changes in the other significant short period variables of the economic system.By a cyclical movement we mean that as the system progresses in, e.g. the upward direction, the forces propelling it upwards at first gather force and have a cumulative effect on one another but gradually lose their strength until at a certain point they tend to be replaced by forces operating in the opposite direction; which in turn gather force for a time and accentuate one another, until they too, having reached their maximum development, wane and give place to their opposite. We do not, however, merely mean by a cyclical movement that upward and downward tendencies, once started, do not persist for ever in the same direction but are ultimately reversed. We mean also that there is some recognizable degree of regularity in the time-sequence and duration of the upward and downward movements. There is, however, another characteristic of what we call the Trade Cycle which our explanation must cover if it is to be adequate; namely, the phenomenon of the ‘crisis’ the fact that the substitution of a downward for an upward tendency often takes place suddenly and violently, whereas there is, as a rule, no such sharp turning-point when an upward is substituted for a downward tendency. Any fluctuation in investment not offset by a corresponding change in the propensity to consume will, of course, result in a fluctuation in employment. Since, therefore, the volume of investment is subject to highly complex influences, it is highly improbable that all fluctuations either in investment itself or in the marginal efficiency of capital will be of a cyclical character.We have seen above that the marginal efficiency of capital depends, not only on the existing abundance or scarcity of capital-goods and the current cost of production of capital- goods, but also on current expectations as to the future yield of capital-goods. In the case of durable assets it is, therefore, natural and reasonable that expectations of the future should play a dominant part in determining the scale on which new investment is deemed advisable. But, as we have seen, the basis for such expectations is very precarious. Being based on shifting and unreliable evidence, they are subject to sudden and violent changes. Now, we have been accustomed in explaining the ‘crisis’ to lay stress on the rising tendency of the rate of interest under the influence of the increased demand for money both for trade and speculative purposes. At times this factor may certainly play an aggravating and, occasionally perhaps, an initiating part. But I suggest that a more typical, and often the predominant, explanation of the crisis is, not primarily a rise in the rate of interest, but a sudden collapse in the marginal efficiency of capital. The later stages of the boom are characterized by optimistic expectations as to the future yield of capital goods sufficiently strong to offset their growing abundance and their rising costs of production and, probably, a rise in the rate of interest also. It is of the nature of organized investment markets, under the influence of purchasers largely ignorant of what they are buying and of speculators who are more concerned with forecasting the next shift of market sentiment than with a reasonable estimate of the future yield of capital-assets, that, when disillusion falls upon an over-optimistic and over- bought market, it should fall with sudden and even catastrophic force. Moreover, the dismay and uncertainty as to the future which accompanies a collapse in the marginal efficiency of capital naturally precipitates a sharp increase in liquidity-preference and hence a rise in the rate of interest. Thus the fact that a collapse in the marginal efficiency of capital tends to be associated with a rise in the rate of interest may seriously aggravate the decline in investment. But the essence of the situation is to be found, nevertheless, in the collapse in the marginal efficiency of capital, particularly in the case of those types of capital which have been contributing most to the previous phase of heavy new investment. Liquidity preference, except those manifestations of it which are associated with increasing trade and speculation, does not increase until after the collapse in the marginal efficiency of capital. It is this, indeed, which renders the slump so intractable. Which of the following does not describe the features of cyclical movement?
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MCQ->Who among the following was not associated with the Sarvodaya movement? -....
MCQ-> Read the passage carefully and choose the best answer to each question out of the four alternatives.The Bengal Renaissance refers to a social reform movement during the nineteenth and early twentieth centuries in the region of Bengal in Undivided India during the period of British rule. The Bengal renaissance can be said to have started with Raja Ram Mohan Roy (1775-1833) and ended with Rabindranath Tagore (1861-1941) , although there have been many stalwarts thereafter embodying particular aspects of the unique intellectual and creative output. Nineteenth century Bengal was a unique blend of religious and social reformers, scholars, literary giants, journalists, patriotic orators and scientists, all merging to form the image of a renaissance, and marked the transition from the ‘medieval’ to the ‘modern’. During this period, Bengal witnessed an intellectual awakening that is in some way similar to the European Renaissance during the 16th century, although Europeans of that age were not confronted with the challenge and influence of alien colonialism. This movement questioned existing orthodoxies, particularly with respect to women, marriage, the dowry system, the caste system andreligion. One of the earliest social movements that emerged during this time was the Young Bengal movement, that espoused rationalism and atheism as the common denominators of civil conduct among upper caste educated Hindus. The parallel socio- religious movement, the Brahmo Samaj, developed during this time period and counted many of the leaders of the Bengal Renaissance among its followers.Find the option that is opposite in meaning to alien.
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MCQ-> In each question below is given a statement followed by three assumptions (A),(B),(C).An assumptions is something supposed or taken for granted. You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statementStatement:The police authority cordoned off the entire locality for the entire day and stopped all vehicular movement for the visit of a top functionary of the government in view of the threat perception and advised all the residents in the area to limit their movement outside their dwellings. Which of the following assumptions is/are implicit in the above statement ? (A)The police personnel may not be able to control the vehicular movement in the locality and may seek help from the armed forces (B)People living in the locality may move out of their houses for the day to avoid inconvenience. (C)The Govt functionary may request the police authority to lift the ban on the movement of residents of the locality outside their dwellings.....
MCQ-> In each question below is given a statement followed by three assumption (A), (B) and (C) An assumption is something supposed or taken for granted You have to consider the statement and the following assumptions and decide which of the assumptions is implicit in the statement.Statement:Police authority cordoned off the entire locality for the entire day and stopped vehicular movement for the visit of a top functionary of the government in view the threat perception and advised all the residents in the area to limit their movement outside their dwellings Which of the following assumption (s) is/are implicit in the above statement ? (A)Police personnel may not be able to control the vehicular movement in the locality and may seek help from the armed forces (B)People living in the locality may move out of their houses for the day to avoid inconvenient (C)The Government functionary may request the police authority to lift the ban on movement of residents of the locality outside their dwellings....
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