Economics - Online Test
Q1. Jute industries were dominated by
Answer : Option D
Explaination / Solution:
The jute mills dominated by the foreigners were mainly concentrated in Bengal.
Q2. Which of the following is not rule for constructing a line graph
Answer : Option D
Explaination / Solution:
An arithmetic line graph is also called time series graph. In this graph time (hour, day/date, week, month, year, etc.) is plotted along x-axis and the value of the variable (time series data) along y-axis. A line graph by joining these plotted points, thus, obtained is called arithmetic line graph (time series graph). It helps in understanding the trend, periodicity, etc. in a long term time series data.
Q3. An instrument used by government to stabilise prices
Answer : Option C
Explaination / Solution:
Buffer stock is an instrument use by the government to stablise price. it is built up in the years of surplus production and is used during shortage. Such a policy ensures regularity in supply even when production is uneven.
Q4. System under which people collectively cultivated land is known as
Answer : Option A
Explaination / Solution:
Under the commune system, the farmers were encouraged to cultivate land collectively and not individually.
Q5. There were some areas where the economic planning in India has failed
Answer : Option B
Explaination / Solution:
Economic planning in India had failed to provide Inadequate growth in production sector, to eradicate poverty, to reduce inequalities of income and wealth
Q6. Fiscal deficit is unhealthy for economic development as
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. Suppose a researcher is concerned with a nominal scale that identifies users versus nonusers of bank credit cards. The measure of central tendency appropriate to this scale is the
Answer : Option C
Explaination / Solution:
Here, Mode is the most appropriate measure. Mode is the most frequently observed data value.
Q8. A situation in which there is an overall acceleration in the growth rate of GDP in the economy which is not accompanied by a commensurate expansion in employment opportunities
Answer : Option A
Explaination / Solution:
An economy that is experiencing growth without an expansion of jobs challenges investors, employees and industries to adapt to the new economic order.
Q9. water in a tank is a
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Which of the following will have inelastic demand?
Answer : Option D
Explaination / Solution:
No Explaination.
