Which economist is considered to be the Master of “Partial Analysis” ? ?->(Show Answer!)

1. Which economist is considered to be the Master of “Partial Analysis” ?

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MCQ-> Read the following passage carefully and answer the questions given below it . Certain words have been printed in bold to help you locate them while answering some of the question.There was a girl who sang beautifully at the temple every morning. The music master used to happily recall, “One day when I went into the woods to pluck flowers, I found this baby under a pipal tree”. He picked her up carefully, raised her lovingly as if she were his daughter and taught her to sing before she spoke her first word. The music master grew old and didn’t see too well. The girl tended to him caringly. Many people including young men travelled from far and wide to hear her sing . This made the music master’s heart quake with fear. “You will choose one of them as your husband. What is to become of me ?” The girl replied ,”I shall not be apart from you “. But on a full moon night during the harvest festival, the master’s chief disciple touched his feet reverently and said, “Master, grant me your permission for your daughter has agreed to many me.” The master’s tears flowed freely,” She has chosen well. Go and fetch her let me hear you sing the first of many melodies that you will sing together.” The two began to sing in harmony. But the song was interrupted by the arrival of the royal messenger. “Your daughter is very fortunate– the king has sent for her,” the messenger said. At the palace the queen summoned the girl to her and said, “I place upon you the honour of making sure my daughter is never unhappy at her husband’s home.” There wasn’t a single tear in the girl’s eyes but she thought of the master and her heart was heavy.That very night the princess began her journey to Kambhoj. The princess’s royal chariotled the procession and the girl’s palanquin followed close behind carrying trunks of silk, jewellery and precious stones. It was covered with a velvet sheet and had soldiers on the both sides. As the procession passed, the master and his disciple Kumarsen stood still by wayside. A collective sigh escaped the crowd gathered there wishing that the princess wouldn’t feel homesick in her faraway home.Which of the following can be said about the girl? (A) She was brought up by her father as her mother had died when she was a baby. (B) She was a talented singer who had learnt to sing at an early age. (C) She was only allowed to sing with the master’s permission.....

MCQ-> If translated into English, most of the ways economists talk among themselves would sound plausible enough to poets, journalists, businesspeople, and other thoughtful though non-economical folk. Like serious talk anywhere — among boat desingers and baseball fans, say — the talk is hard to follow when one has not made a habit of listening to it for a while. The culture of the conversation makes the words arcane. But the people in the unfamiliar conversation are not Martians. Underneath it all (the economist’s favourite phrase) conversational habits are similar. Economics uses mathematical models and statistical tests and market arguments, all of which look alien to the literary eye. But looked at closely they are not so alien. They may be seen as figures of speech-metaphors, analogies, and appeals to authority.Figures of speech are not mere frills. They think for us. Someone who thinks of a market as an ‘invisible hand’ and the organization of work as a ‘production function’ and his coefficients as being ‘significant’, as an economist does, is giving the language a lot of responsibility. It seems a good idea to look hard at his language.If the economic conversation were found to depend a lot on its verbal forms, this would not mean that economics would be not a science, or just a matter of opinion, or some sort of confidence game. Good poets, though not scientists, are serious thinkers about symbols; good historians, though not scientists, are serious thinkers about data. Good scientists also use language. What is more (though it remains to be shown) they use the cunning of language, without particularly meaning to. The language used is a social object, and using language is a social act. It requires cunning (or, if you prefer, consideration), attention to the other minds present when one speaks.The paying of attention to one’s audience is called ‘rhetoric’, a word that I later exercise hard. One uses rhetoric, of course, to warn of a fire in a theatre or to arouse the xenophobia of the electorate. This sort of yelling is the vulgar meaning of the word, like the president’s ‘heated rhetoric’ in a press conference or the ‘mere rhetoric’ to which our enemies stoop. Since the Greek flame was lit, though, the word has been used also in a broader and more amiable sense, to mean the study of all the ways of accomplishing things with language: inciting a mob to lynch the accused, to be sure, but also persuading readers of a novel that its characters breathe, or bringing scholars to accept the better argument and reject the worse.The question is whether the scholar- who usually fancies himself an announcer of ‘results’ or a stater of ‘conclusions’ free of rhetoric — speaks rhetorically. Does he try to persuade? It would seem so. Language, I just said, is not a solitary accomplishment. The scholar doesn’t speak into the void, or to himself. He speaks to a community of voices. He desires to be heeded, praised, published, imitated, honoured, en-Nobeled. These are the desires. The devices of language are the means. Rhetoric is the proportioning of means to desires in speech.Rhetoric is an economics of language, the study of how scarce means are allocated to the insatiable desires of people to be heard. It seems on the face of it a reasonable hypothesis that economists are like other people in being talkers, who desire listeners whey they go to the library or the laboratory as much as when they go to the office or the polls. The purpose here is to see if this is true, and to see if it is useful: to study the rhetoric of economic scholarship.The subject is scholarship. It is not the economy, or the adequacy of economic theory as a description of the economy, or even mainly the economist’s role in the economy. The subject is the conversation economists have among themselves, for purposes of persuading each other that the interest elasticity of demand for investment is zero or that the money supply is controlled by the Federal Reserve.Unfortunately, though, the conclusions are of more than academic interest. The conversations of classicists or of astronomers rarely affect the lives of other people. Those of economists do so on a large scale. A well known joke describes a May Day parade through Red Square with the usual mass of soldiers, guided missiles, rocket launchers. At last come rank upon rank of people in gray business suits. A bystander asks, “Who are those?” “Aha!” comes the reply, ”those are economists: you have no idea what damage they can do!” Their conversations do it.According to the passage, which of the following is the best set of reasons for which one needs to ‘look hard’ at an economist’s language?A. Economists accomplish a great deal through their language.B. Economics is an opinion-based subject.C. Economics has a great impact on other’s lives.D. Economics is damaging.
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MCQ-> Read the following passage carefully and answer the questions given below it. Certain words are printed in bold to help you to locate them while answering some of the questions.Amrutananda was a well-known and rich landlord in his village. He and his wife were both cunning and extremely sly. They made a lot of money by cheating and ill-treating their labourers who worked in their fields. One day, a young man named Manikya came to Amrutananda. ask ing for work. Amrutananda was picas. antly surprised. No one ever wanted to work for him because of his reputation and here was someone wallking right into his house! Manikya’s next few words made him even happier. Manikya said, ‘1 will work for you for free. You need not pay me a salary, only give me a place to sleep, two sets of clothes and two meals a day.’ Amrutananda was filled with joy when he heard this and was about to agree. when Manikva added, ‘I have only one condition: I will tell you the truth always, but one day of the year I will lie to you.’ Amrutananda, who lied happily every day of the year. agreed to this odd condition. So Manikya joined him. He was a wonderful worker – hard – working and trustworthy. He was very honest and soon became Arnruta-nan da’s right hand man. A year went by. and because of Manikya’s hard work. Amrutananda had an excellent harvest. He and his wife Mandakini, decided to have a big feast to celebrate. They invited all their relatives and friends, who came from across the village and outside to participate in this celebration. Everyone was looking forward to the delicious feast being planned. On the morning of the feast, Amrutananda decided he would also give away some gifts to his relatives, just so that he could show-off. So he set off for the market in his cart. As soon as he was out of sight. Manikya went running to his mistress. Mandakini. He wept loudly and heat his chest. Then he tell on the floor sobbing, and announced, The master is dead.’ The cart overturned on the road. Our master has been flattened like a Chapatti” As soon as Amrutananda’s wife and relatives heard this, they started wailing. Manikva rushed out, saying he would bring hack the body, while everyone started pre• paring for the last rites. Manikya now went running to his master and said “Master! Your wile is dead. My kind, loving mistress is dead. A cobra bit her and she fell to the ground, as blue as the spring sky.- Amrutananda was stunned. His be loved Mandakini. his partner in all his schemes, was dead! He couldn’t believe it. He rushed back home shouting her name. Mandakini was weeping loudly, Sitting in the courtyard. When she saw her husband run in, she stopped mid — wail. and Amrutananda too, stood openmouthed and speechless. Then they fell into each other’s arms, unable to believe their eyes. At once they turned to Manikya, “What is the meaning of this. Manikya his master demanded in a stern voice. Manikya smiled. “Remember my condition, that I would Ile only once in a year? Well, I choose today. You *see what lies can do? They nearly destroyed your life. Now think about what happens to the people you lie to everyday. Saying this he walked out, leaving behind a stunned and ashamed landlord.Why didn’t anyone want to work for Amrutananda ?
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MCQ->Which economist is considered to be the Master of “Partial Analysis” ?....

MCQ->There are 240 second year students in a B - School. The Finance area offers 3 electives in the second year. These are Financial Derivatives, Behavioural Finance, and Security Analysis. Four students have taken all the three electives, and 48 students have taken Financial Derivatives. There are twice as many students who study Financial Derivatives and Security Analysis but not Behavioural Finance, as those who study both Financial Derivatives and Behavioural Finance but not Security Analysis, and 4 times as many who study all the three. 124 students study Security Analysis. There are 59 students who could not muster courage to take up any of these subjects. The group of students who study both Financial Derivatives and Security Analysis but not Behavioural Finance, is exactly the same as the group made up of students who study both Behavioural Finance and Security Analysis. How many students study Behavioural Finance only?....