Economics - Online Test
Q1. In the long run competitive market?
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. APC can also be greater than one when
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Infant mortality rate was
Answer : Option B
Explaination / Solution:
Infant mortality rate was quite alarming—about 218 per thousand in contrast to the present infant mortality rate of 40 per thousand.
Q4. The total expenditure incurred by an industry under different heads is best presented by
Answer : Option B
Explaination / Solution:
Component bar diagrams or charts, also called subdiagrams, are very useful in comparing the sizes of different component parts (the elements or parts which a thing is made up of) and also for throwing light on the relationship among these integral parts. For example, sales proceeds from different products, expenditure pattern in a typical Indian family (components being food, rent, medicine, education, power, etc.), budget outlay for receipts and expenditures, components of labour force, population etc. Component bar diagrams are usually shaded or coloured suitably.
Q5. India has comparative advantage in organic farming because it involves
Answer : Option D
Explaination / Solution:
Abundance of labour places India in a better position to specialise in organic farming.
Q6. In China unit of money is
Answer : Option D
Explaination / Solution:
The yuan is the base unit of a number of former and present-day Chinese currencies, and usually refers to the primary unit of account of the renminbi, the currency of the People's Republic of China
Q7. HYVP remained confined to which five crops
Answer : Option A
Explaination / Solution:
High Yielding Varieties Programme was introduced in 1964-65 with a new dimension of agricultural production created in the community development project. It includes 5 crops wheat,rice,jowar,bajra and maize. The objective of this programme is to adopt HYV for maximum production.
Q8. Which of the following is a budget type?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. The ______________ should be used as a measure of location if the distribution is asymmetric and the variable is measured on an ordinal scale.
Answer : Option C
Explaination / Solution:
If the data is quantitative in nature (ordinal or interval/ratio) then the median, can be used to describe the data. Therefore, in skewed distributions, the median will tend to be the more accurate measure to represent the data than the mean because the median can never have more than one half the
Q10. Over the 7 years period from 2004-2005 to 2010-2011 inflation rate has been ____ percent per annum
Answer : Option D
Explaination / Solution:
Inflation is a significant economic indicator for a country. The inflation rate is the rate at which the general rise in the level of prices, goods and services in an economy occurs and how it affects the cost of living of those living in a particular country. It influences the interest rates paid on savings and mortgage rates but also has a bearing on levels of state pensions and benefits received.
