The concept of 'Invisible Hand' was introduced by:
A. Karl Marx
B. Adam Smith
C. John Maynard Keynes
D. Alfred Marshall
Answer: Option B
Solution (By JKSSB Mock Tests)
Adam Smith in 'The Wealth of Nations' introduced the concept of the invisible hand, suggesting that individuals pursuing their self-interest unintentionally promote the social good.
Explanation:
Under the Monetary Policy Framework Agreement, the primary objective of the RBI is to maintain price stability while keeping in mind the objective of growth.
No comments yet. Be the first to start the discussion!