Indus | MCQs

Explanation

• the G7 ( group of seven) is an Organization of the world's seven largest advanced economies.
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• The G7 is an informal grouping of seven of the world's advanced economies
  
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• The Group of Seven (G-7) is an intergovernmental organization made up of the world's largest developed economies: France, Germany, Italy, Japan, the United States, the United Kingdom, and Canada.
• the (G7) group of seven is an Organization first established in1975 
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• Cornwall, the host G7 Summit 2021, is located in the United Kingdom

• The UK, US, Germany, France, Canada, Italy, and Japan make up the G7.

  
  

  Summit   Year       Host

  First       1975       France

  46           2020       USA

  47           2021       United Kingdom

  48           2022       Germany

  49           2023      Japan

  50           2024      Italy

Explanation

• In monopolistic competition, long-run equilibrium involves zero economic profit.
• Firms in monopolistic competition have some degree of market power, allowing them to differentiate their products.

Explanation

• In monopolistic competition, product differentiation refers to offering products that are similar but not identical.
• This means that firms produce goods or services that are slightly different from those of their competitors, allowing them to distinguish their products in the market.
• Product differentiation can take various forms such as branding, quality, design, or customer service.

Explanation

The oligopoly model concerned with the maximization of joint profit is the collusive model.

Explanation

The market structure of monopoly is characterized by a single firm producing a good that lacks close substitutes.

Explanation

IRSA was established vide Act No. XXII of 1992 passed by the Parliament and approved by the President of Pakistan on, the 6th December 1992.

Explanation

The Indus Valley Civilisation, also known as the Indus Civilisation.

Bronze Age civilisation in the northwestern regions of South Asia, lasting from 3300 BCE to 1300 BCE, and in its mature form from 2600 BCE to 1900 BCE.

Period: Bronze Age South Asia

Major sites: Mohenjodaro and Harpa pak

Explanation

The Indus Valley Civilisation, also known as the Indus Civilisation.

Bronze Age civilisation in the northwestern regions of South Asia, lasting from 3300 BCE to 1300 BCE, and in its mature form from 2600 BCE to 1900 BCE.

Period: Bronze Age South Asia

Major sites: Mohenjodaro and Harpa 

Explanation

Alluvial soils are soils deposited by surface water.

Explanation

The Harappan Civilization is also called as Indus Valley Civilization

It was known as the Indus Valley Civilization as the cities flourished near the Indus River.