UPSC

Business cycles are fluctuations in economic activity characterized by periods of expansion, peak, contraction, and trough.

Q21. Due to some reasons, if there is a huge fall in the population of species of butterflies, what could be its likely consequence/consequences?

Pollination

Green economics is a school of thought within economics that emphasizes the importance of sustainable and environmentally friendly economic practices.

Q20. With reference to the ‘Prohibition of Benami Property Transaction Act, 1988 (PBPT Act)’, consider the following statements

Behavioral economics is an interdisciplinary field that incorporates insights from various disciplines to analyze and influence economic behavior.

Q19. At one of the places in India, if you stand on the seashore and watch the sea, you will find that the sea water recedes from the shoreline a few kilometers

Development economics is a branch of economics that focuses on the economic, social, and political factors that contribute to the overall improvement

Q18. The term ‘Digital Single Market Strategy’ seen in the new refers to

a) ASEAN

b) BRICS

c) EU

d) G 20

The correct answer is Option 3.

Socialist and communist economics represent two distinct economic ideologies, each with its approach to ownership, distribution of resources

Q17. Consider the following statements: With reference to the Constitution of India, the Directive Principles of State Policy constitutes limitations upon