ECONOMICS (CBSE/UGC NET)

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ECONOMICS

TECHNOLOGY

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
You are watching a speech by the Prime Minister of Great Britain on T.V. with your parents. The Prime Minister is explaining a plan for improving the British economy. In the speech, the Prime Minister says:“We must make it easier for citizens of Great Britain to open small businesses. My plan will give tax breaks and incentives to British citizens who want to start their own small business ____ “ What is the conclusion of the Prime Minister’s plan? (DOK 2, AKS 38e)
A
Investing in human capital will increase the country’s gross domestic product (GDP).
B
Promoting entrepreneurship will improve economic development.
C
Investing in capital goods will increase the country’s gross domestic product (GDP).
D
A tariff on goods imported from other nations will help British businesses compete.
Explanation: 

Detailed explanation-1: -Winston Churchill is generally considered one of the greatest prime ministers for his leadership during the Second World War. Clement Attlee, who served as Labour Leader for over 20 years, is almost always very highly rated among prime ministers.

Detailed explanation-2: -10 Downing Street is the official residence and the office of the British Prime Minister. The office helps the Prime Minister to establish and deliver the government’s overall strategy and policy priorities, and to communicate the government’s policies to Parliament, the public and international audiences.

Detailed explanation-3: -Biography. Today often viewed as the first British Prime Minister, Sir Robert Walpole was described by contemporary opponents as the ‘Screen-Master General’, adept at pulling all the political strings. He was First Lord of the Treasury for over twenty years, an unusually long period in office by any standard.

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