Which of the following would not constitute an economic activity in Economics?

Direction: In the given statement some words have been highlighted. These words may not be at the correct place making the sentence grammatically and contextually incorrect. Choose the option which represents the correct sequence of words, which will make the sentence grammatically and contextually correct. If the sentence is correct as it is choose ‘E’ i.e. ‘No rearrangement required’ as your answer.

 Coco Chanel’s great comfortable (A) to fashion was to make clothes elegant and functioning (B) for a person contribution (C) in a rule bound public sphere.

Which of the followings issues a writ- 

When increase in income the increase in ratio between income & expenditure changes–

Where did the Buddha attain enlightenment?

Hemispherical Dome structure that’s built on the sacred ruins of Buddhist is called –

In the following passage some words have been deleted. Fill in the blanks with the help of the alternatives given. Select the most appropriate option for each number

Temptations of one kind or another lure everyone. The important thing is (1)______ them from gaining a foothold in our (2)______. As soon as we detect the first (3)______ of temptation, we should become watchful and (4)______ our attention to good or noble thoughts. (5)______ we wait till the temptation becomes too (6)______, we are likely to fall. Playing with the temptation (7)______ to welcoming it. In fact, the safest (8)______ is to avoid situations in which we may be tempted. If, (9)______ all our care, a temptation becomes severe, we (10)______ not get upset or disappointed, but turn to a good friend for advice and help.

Select the most appropriate option to fill in the blank No. 6.

Direction: Read the given passage carefully and answer the questions that follow. Certain words are printed in bold to help you locate them while answering some of these.

If you’re concerned that automation and artificial intelligence are going to disrupt the economy over the next decade, join the club. But while policymakers and academics agree there’ll be significant disruption, they differ about its impact.

On one hand, techno-pessimists argue that new forms of automation will displace most jobs without creating new ones. In other words, most of us will lose our jobs. On the flip side of the debate, techno-optimists contend that continued investments in education and research and development will offset the job losses and generate many new human tasks that complement AI.

Researchers have been studying jobs that involve digital skills for years to try to understand their merit. But what does it really mean for a job or skill to be “digital”?

In earlier research, all it meant was that a worker used a computer. Since nearly all workers use a PC today, we need a more refined definition of digital skills that takes into account how much a job depends on doing things like programming, crunching data in Excel spreadsheets and even using a smartphone.

In a particular research, a new way was created to measure digital or information technology skills in the labour market based on how frequently they’re used in an occupation. For example, how much time does a financial adviser spend analyzing data or an event planner use a computer?

It was found that workers in occupations that rank higher in IT industry earn more than demographically similar peers in other occupations – and that this earnings gap has been growing. Not only that, but it was also found something interesting on the impact of a college degree on the lifetime earnings of a person in IT industry. Historically, workers with a college degree have earned a lot more than peers without one. Even the level of the college makes a difference. Recent research has shown that this so-called college premium has been flattening. The main cause, according to the analysis, is that the college premium for occupations requiring fewer digital skills has been declining, while it has been rising for those we identified as digital jobs such as software developers, programmers and aerospace engineering. At least some of the flattening in the college premium is due to the increasing number of bachelor’s degrees that convey few skills that are valued in the marketplace.

Another research compares the measures of job quality – such as a sense of purpose, enjoyability and career advancement – with income, occupations and a range of demographic characteristics. It found that jobs that require greater interaction with technology tended to score higher in quality, particularly in terms of measures like career advancement.

The fact that these jobs not only pay more but also provide greater levels of employee satisfaction and engagement paints a more optimistic picture about the future of work. And that gives hope, particularly since the digital economy is growing at a pace nearly four times faster than the broader economy.

The key is making tomorrow’s jobs “robot-proof” by designing them in a way that takes advantage of the digital skills described above. And universities must play a big role in this by identifying what a good job looks like and ensuring future generations learn the necessary skills.

Which of the following statement (s) can be inferred about holding a higher rank in IT intensity?

I. Degrees from better colleges offering skillsets hold value in the marketplace.
II. Demographic background has either no or not much influence on the rank a person hold.
III. A person at a higher rank has a greater sense of purpose and enjoys his role more than someone at a lower rank