Economics - Online Test
Q1. Green revolution resulting from
Answer : Option D
Explaination / Solution:
The Green Revolution in India was a period when agricultire in India increased its yields due to improved agronomic technology. To increase agricultural production it introduced high-yielding varieties of seeds. HYV refers to increased use of chemical fertilisers and irrigation to increase the production needed to make the country self-sufficient in food grains.
Q2. One of the Implication of Fiscal deficit is
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. What is the median of the following set of scores? 19, 5, 12, 10, 14?
Answer : Option D
Explaination / Solution:
Arranging the data, in ascending order, Median = size of (N+1)/2 item i.e. 12 .
Q4. Potential labour force of India consists of
Answer : Option C
Explaination / Solution:
Those persons who can produce goods and services constitute the potential labour force.
Q5. Flow is a
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. If two negatively sloped demand curves intersect then
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. The main source of foreign capital in India is
Answer : Option D
Explaination / Solution:
Foreign capital comes to India from both of these sources, i.e., loans from abroad as well as foreign direct investment (FDI).
Q8. Point out a merit of flexible exchange rate
Answer : Option D
Explaination / Solution:
Flexible exchange rate is determined by the forces of demand and supply i.e. where demand equals supply eliminating the undervaluation or overvaluation of currencies.
Q9. Find the range of the group of numbers -10, -8, 1, 11, 19.
Answer : Option A
Explaination / Solution:
R= L-S, Where L is largest item and S is smallest item
R=19-(-10)= 19+10= 29
Q10. The type of structure which contributes indirectly to economic process from outside the system of production and distribution known as
Answer : Option C
Explaination / Solution:
Social Infrastructure indirectly contributes to economic development of a country both by increasing the productivity of the factors of production and improving the quality of life of its people.
