Laissez-faire is a French term that translates to 'let do' or 'let it be.' In economics, it refers to a doctrine opposing government intervention in the economy, suggesting that markets function best when left to their own devices without regulations, subsidies, or trade barriers. This philosophy was central to classical liberal economic theory during the 18th and 19th centuries.
62
If February 18, 2005, is a Friday, what day of the week will February 18, 2007, fall on?
To determine the day, we calculate the number of odd days. From February 18, 2005, to February 18, 2006, is one year (365 days), which contains one odd day. From February 18, 2006, to February 18, 2007, is another year, also containing one odd day. Total odd days equal two. Adding two days to Friday results in Sunday.
63
On what date was former Prime Minister Benazir Bhutto assassinated during a public rally?
Benazir Bhutto, the first woman to lead a Muslim-majority nation, was assassinated on December 27, 2007. The attack occurred in Liaquat Bagh, Rawalpindi, following an election campaign rally. Her death was a major turning point in Pakistani politics, leading to widespread national mourning and significant changes in the political landscape, including the subsequent general elections held in 2008.
The book 'Utopia' was written by Sir Thomas More and published in 1516. It is a work of fiction and socio-political satire that describes a fictional island society and its religious, social, and political customs, remaining a foundational text in Western political philosophy.
65
In September 2008, the Nawabshah District in Sindh was renamed to which of the following?
In September 2008, the provincial government of Sindh officially renamed the Nawabshah District to Shaheed Benazirabad. This decision was made to honor the memory of the former Prime Minister of Pakistan, Benazir Bhutto, who was assassinated in December 2007. The renaming reflects the political and social significance of the region in the context of Pakistan's modern political history.
66
What is the meaning of the foreign phrase 'A Priori'?
The term 'A Priori' is a Latin phrase meaning 'from the earlier.' In philosophy and logic, it refers to knowledge or reasoning that is independent of experience, typically proceeding from theoretical deduction rather than empirical observation.
67
Who held the record for the oldest Nobel Laureate as of 2012, having received the 2007 Prize in Economics at age 90?
Leonid Hurwicz was awarded the Nobel Memorial Prize in Economic Sciences in 2007 for his work on mechanism design theory. At the time of the announcement, he was 90 years old, making him the oldest person to ever receive a Nobel Prize at that time. His contributions significantly advanced the field of microeconomics and game theory.
68
Who is the author of the book titled 'Not the Whole Truth'?
Alvin Robert Cornelius, who served as the Chief Justice of Pakistan, authored 'Not the Whole Truth'. The book provides significant insights into his judicial philosophy and experiences within the legal framework of Pakistan. It remains a notable work for those studying the history of the Pakistani judiciary.
69
Which famous inventor is credited with the quote, 'Genius is one percent inspiration and 99 percent perspiration'?
This iconic statement is widely attributed to the American inventor Thomas Alva Edison. It reflects his philosophy regarding the nature of innovation and hard work, emphasizing that success is derived far more from persistent effort, experimentation, and diligent labor than from sudden flashes of creative insight or innate talent alone.
70
Which of the following is not a valid version of Microsoft Office?
Microsoft Office has been released under various names and years, such as Office 2007 and Office XP. 'Office Vista' is not a valid version of the productivity suite, as Vista was the name of a Windows operating system, not an Office release.
