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 the United Kingdom on T.V. with your parents. She is explaining a plan for improving the U.K. economy. In the speech, she says:“Our workers must be prepared for the high-tech jobs of the 21st century. My plan will give incentives to companies who provide technology education and training for their employees.” The Prime Minister’s plan is based on which of the following conclusions?
A
An investment in human capital will increase the country’s Gross Domestic Product.
B
Adjusting the exchange rate will increase the profit the U.K. makes in international trade.
C
An investment in capital goods will increase the country’s Gross Domestic Product.
D
An embargo on technology from other countries will help the U.K. economy.
Explanation: 

Detailed explanation-1: -The Rt Hon Rishi Sunak MP He was Chief Secretary to the Treasury from 24 July 2019 to 13 February 2020, and Parliamentary Under Secretary of State at the Ministry of Housing, Communities and Local Government from 9 January 2018 to 24 July 2019.

Detailed explanation-2: -We will halve inflation this year to ease the cost of living and give people financial security. We will grow the economy, creating better-paid jobs and opportunity right across the country. We will make sure our national debt is falling so that we can secure the future of public services.

Detailed explanation-3: -The prime minister is appointed by the monarch, through the exercise of the royal prerogative. In the past, the monarch has used personal choice to dismiss or appoint a prime minister (the last time being in 1834), but it is now the case that they should not be drawn into party politics.

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