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Economic Social Development

Asked 3 times in UPSC Prelims · first asked 1998 · last asked 2020

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Which of the following phrases defines the nature of the 'Hundi' generally referred to in the sources of the post-Harsha period?

2020Economy

AAn advisory issued by the king to his subordinates

BA diary to be maintained for daily accounts

CA bill of exchange

DAn order from the feudal lord to his subordinates

Explanation

In the sources of the post-Harsha period, a 'Hundi' is generally defined as a bill of exchange. It is a note that records a deposit made by an individual, which can be claimed at another location by presenting the record of the deposit.

The upper part of the given graph is a hypothetical movement in the BSE Sensex over a few months and the lower part is the fluctuation in the average value of automobile shares in the same period. Which one of the following inferences can be drawn from the graphs?

2000Economy

AThe automobile share market has been as unstable as BSE Sensex in that period

BThere has been a major political change in June/July

CAutomobile shares have shown a steady improvement in price, unaffected by large fluctuations in BSE Sensex

DNone of these

Explanation

According to the graph provided, the average value of automobile shares has been steadily increasing from January to August, regardless of the significant fluctuations in the BSE Sensex during the same period. This indicates that the automobile share market has shown consistent growth and has not been greatly impacted by the volatility in the BSE Sensex.

Nobel Prize in Economics for the year 1997 was awarded for contribution in the area of:

1998Economy

AInternational Economics

BFinancial Economics

CPublic Economics

DDevelopment Economics

Explanation

In 1997, the Nobel Prize in Economics was awarded to Robert C. Merton and Myron S. Scholes for their innovative approach in Financial Economics, specifically for developing a new method to calculate the value of derivatives.