Economics - Online Test
Q1. AAY stands for
Answer : Option C
Explaination / Solution:
Antyodaya Anna Yojana (AAY) is a Government of India sponsored scheme to provide highly subsidised food to millions of the poorest families. It was launched by the [NDA] government on 25 December 2000 and first implemented in the Indian state of Rajasthan.
Q2. Following are the method of collecting primary data except _____.
Answer : Option A
Explaination / Solution:
It is a type of Restricted Random Sampling.
Q3. ______ resources are those which can be used without the possibility of the resource becoming depleted or exhausted.
Answer : Option B
Explaination / Solution:
Renewable resources are those which can be used without the possibility of the resource becoming depleted or exhausted, i.e. a continuous supply of the resource remains available. For e.g. trees in the forests and fishes in the oceans.
Q4. In which of the following types of market structures, are resources, assumed to be mobile?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Money over comes the problems of barter system. It is
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. The weights used in Passche’ s formula belong to
Answer : Option D
Explaination / Solution:
Paasche’s Method:
Under this method of calculating Price Index, the quantities of the current year are used as weights as compared to base year quantities used by Laspeyres.
Q7. Human capital consists of
Answer : Option D
Explaination / Solution:
Human capital includes the inherent and acquired skill sets of the entire population of a country. However, education, health, on-job training enhance the quality of human capital.
Q8. Classification data based on the geographical differences of the data is
Answer : Option C
Explaination / Solution:
Spatial dependence is measured as the existence of statistical dependence in a collection of random variables, each of which is associated with a different geographical location.
Q9. Cost push inflation occurs when
Answer : Option A
Explaination / Solution:
Cost push inflation develops because the increase in the costs of production cause the aggregate supply in the economy to decrease while aggregate demand remains the same. The result is therefore an increase in the general price level.
Q10. APC+APS=
Answer : Option C
Explaination / Solution:
No Explaination.
