Category: Business

Broadly speaking, a monetary policy aims at the following five goals, popularly known as its objectives: 1. Neutrality of Money: Initially suggested by Wicksteed, supported later by Hayek and Robertson, the objective of neutrality of money implies that money should remain strictly neutral, causing no changes in the general price-level, output, income and employment. Image Source: egginasia.files.wordpress.com ADVERTISEMENTS: According to these economists, collectively known as the neutralists, money should not influence economic parameters such as price, output, income and employment nor should it influence the pattern of distribution in society. In other words, money should play a passive role as a medium of exchange and store of value.Neutrality of money is often put to severe criticism on the following grounds:1. It is based on the assumption, implicit in the quantity…

GNP per capita has been treated as an indicator of economic development and social welfare. For quite some time, a high GNP per capita has implied a high level of social welfare and economic development particularly in respect of some advanced countries.No wonder developing nations like India have begun to show signs of impatience about their chronically low growth rate of GNP. The obsession of realizing a higher growth of GNP is so high that a number of developing countries have prepared themselves to give up the very social objectives to fulfil which a high growth of GNP, they believe, is essential.Creation of employment opportunities, for instance, is a social objective of such economies. It is to achieve such objectives only that a high GNP growth has been and also…

137 Questions with Answers and Explanations on “Applied Biology” for Students.1. In crop movement programme, haploids are important because they (a) require one half of nutrients Image Source: northwesternflipside.com ADVERTISEMENTS: (b) are helpful in study of meiosis(c) grow better under adverse conditions(d) form perfect homozygous. ADVERTISEMENTS: Answer and Explanation:1. (d): in crop movement programme, haploids are important because they form perfect homozygous lines. Homozygous are the pure line selection plants resulting from self pollination. In this way, considerable homozygosity is obtained. Haploids are those plants which possess a gametophytic number of chromosomes. Haploids are used in plant breeding, especially for the production of homozygous plants and in their studies in the detection of mutation.2. Which ones produce androgenic haploids in anther cultures? (a) anther wall ADVERTISEMENTS: (b) tapetal layer of…

148 Questions with Answers and Explanations on “Ecology & Environment” for Biology Students:1. Acid rains are produced by (a) excess NO2 and SO2 from burning fossil fuels Image Source: dyndy.net ADVERTISEMENTS: (b) excess production of NH3 by industry and coal gas(c) excess release of carbon monoxide by incomplete combustion(d) excess formation of CO2 by combustion and animal respiration. (1988, 89) ADVERTISEMENTS: Answer and Explanation:1. (a): Acid rain refers to the precipitation with a pH of less than 5. It is a mixture of H2SO4 and HNO3, the ratio of the two acids vary depending on the relative quantities of sulphur oxides and nitrogen oxides present in the atmosphere. These oxides are mainly produced by combustion of fossil fuels, smelters, industries, power plants, automobile exhausts etc.2. Which one is not a…

Within their respective spheres. Parliament and the State Legislature should keep within the domain assigned to it and not trespass into domain reserved to the other, and a law made by one which trespasses or encroaches upon the field assigned to the other, is not valid. Image Source: farm2.static.flickr.comBut before the Legislature purporting to deal with a subject in one list and touching also on a subject in another list is declared to be bad, the courts apply what is known as, the doctrine of pith and substance. ADVERTISEMENTS: According to this doctrine, the legislation as a whole is examined to ascertain its “true nature and character” in order to determine in what list it falls. If according to its “true nature and character” the legislation substantially falls within the…