Economics - Online Test
Q1. Public expenditure can be Non-development only
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. If the distribution is asymmetric and the variable is measured on a nominal scale, the ______________ should be used as a measure of location.
Answer : Option D
Explaination / Solution:
In an asymmetrical distribution the two sides will not be mirror images of each other. The values to be more frequent around the high or low ends.
Q3. Long run solution of inflation lies in
Answer : Option A
Explaination / Solution:
Supply side policies aim to increase long term competitiveness and productivity. For example, it was hoped that privatisation and deregulation would make firms more productive and competitive. Therefore, in the long run, supply side policies can help reduce inflationary pressures. However, supply side policies work very much in the long term; they cannot be used to reduce sudden increases in the inflation rate.
Q4. Stock is a concept which
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. A movement along a given indifference curve is known as?
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. When government disinvests its shares to the extent of 5 to 10 percent to meet the deficit in the budget, this is termed as
Answer : Option D
Explaination / Solution:
Token privatisation, also known as deficit privatisation occurs when the government disinvests its share to the extent of 5 to 10 percent to meet the deficit in the budget.
Q7. Flexible exchange rate is
Answer : Option C
Explaination / Solution:
flexible exchange-rate system is a monetary system that allows the exchange rate to be determined by supply and demand.As it variates according to market forces.
Q8. The table below gives the marks obtained by 10 students in statistics. Calculate standard deviation
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. _______ infrastructure raise the stock of physical capital where as ______ infrastructure will raise the stock of human capital
Answer : Option A
Explaination / Solution:
Infrastructure contributes to economic development of a country both by increasing the productivity of the factors of production i.e. stock of physical capital and improving the quality of life of its people i.e. stock of human capital.
Q10. Increasing MOC mean
Answer : Option A
Explaination / Solution:
It reflects that as the output of good X is increased,the output of goodY is decreasing. Therefore the shape of ppc becomes concave to the origin. The slope of ppc shows increasing moc which tends to rise when resources are shifted from the production of one good to another .
