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The MCQs below are drawn from the Business Administration subject category.
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151
What is the definition of the term 'Laissez-faire'?
The term 'Laissez-faire' originates from French and translates to 'let do' or 'let them do'. In economic and political theory, it refers to a policy where the government adopts a hands-off approach, minimizing or eliminating interference in the economic activities of individuals and businesses, thereby allowing the free market to operate independently.
Fornebu Airport served as the primary international airport for Oslo, the capital of Norway, from 1939 until its closure in 1998. It was replaced by the current Oslo Airport, Gardermoen. The site of the former airport has since been redeveloped into a residential and business area, maintaining the name Fornebu.
153
Identify the pair that best mirrors the relationship between 'Curator' and 'Museum'.
A curator is a professional responsible for the management and care of a museum. Similarly, a manager is responsible for the oversight and administration of an office. This analogy identifies a professional role and the specific environment or institution that they manage and maintain.
154
Which entities recognize the Greek Cypriot administration as the sole legal government of the entire island of Cyprus?
The international community, including the United Nations, the United States, and the United Kingdom, officially recognizes the Republic of Cyprus (the Greek Cypriot administration) as the only legitimate government representing the whole island. This stance is maintained despite the de facto division of the island since 1974.
155
Which nation declared its independence from Serbia in February 2008?
On February 17, 2008, the Assembly of Kosovo unilaterally declared independence from Serbia. This event followed years of international tension and administration by the United Nations. While its status remains a subject of international debate, Kosovo is recognized as a sovereign state by a significant number of countries worldwide.
156
Which United States President was involved in the Watergate scandal?
Richard M. Nixon was the 37th President of the United States and the central figure in the Watergate scandal. The scandal involved a break-in at the Democratic National Committee headquarters and the subsequent cover-up attempts by the Nixon administration. This political crisis eventually led to his resignation in 1974, making him the only U.S. president to resign from office in American history.
157
Who is the author of the historical work titled 'The Indian Musalmans'?
William Wilson Hunter, a prominent British civil servant and historian, authored 'The Indian Musalmans' in 1871. The book explored the socio-political conditions of Muslims in British India during the nineteenth century, specifically addressing the causes of their discontent and the historical context of their relationship with the colonial administration.
158
Who was the prominent Mughal court historian and Prime Minister under Emperor Akbar, known for writing the Akbarnama and Ain-i-Akbari?
Abu'l-Fazl ibn Mubarak, commonly known as Abul Fazal, was the grand vizier of the Mughal emperor Akbar. He is celebrated for his historical documentation of the era, specifically the Akbarnama and the Ain-i-Akbari, which provide detailed insights into Mughal administration.
159
Which author wrote the novel 'Master of the Game'?
'Master of the Game' is a highly successful novel published in 1982, written by the American author Sidney Sheldon. The book is a multi-generational saga that follows the life of Kate Blackwell and her family's business empire. Sidney Sheldon is well-known for his fast-paced, dramatic storytelling, and this novel remains one of his most iconic and widely read literary works.
160
Who is the author of the book titled 'Obama's Wars'?
The book 'Obama's Wars' was written by the renowned American investigative journalist Bob Woodward. Published in 2010, the work provides an in-depth look at the decision-making processes within the Obama administration regarding the wars in Afghanistan and Iraq.