Economic Glossary | Nationalization | Bankers Algo
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Series Funda

In the following question, one term in the number series is wrong. Find the wrong term.

56, 72, 90, 110, 132, 150

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Economic Glossary

    Nationalization

The process of a national government taking over the ownership of a private business or industry, usually in conjunction with a major revolution that establishes a communistic or socialist command economy. Nationalization was a common practice, sort of a fad, during the 1950s,1960s, and 1970s. Even non-revolutionary industrialized countries in Europe jumped onto the nationalization bandwagon. The United States also took at stab at nationalizing passenger train service when Amtrak was established in 1970.


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Word of the day

Eclectic(adj)

Meaning:

choosing the best out of everything

Synonyms: assorted, broad, catholic, dilettantish, diverse, diversified

Antonyms: incomprehensive, narrow, particular, specific

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A man sells an article at a profit of 25%. If he had bought it at 20% less and sold it for Rs. 10.50 less, he would have gained 30%. Find the cost price of the article?

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