Economics - Online Test
Q1. Selling off the share of public sector companies to the private individuals and institutions is known as
Answer : Option D
Explaination / Solution:
Privatisation of the public sector enterprises by selling off part of the equity of PSEs to the general public or private entities is known as disinvestment.
Q2. Point out a demerit of flexible exchange rate
Answer : Option B
Explaination / Solution:
flexible exchange rates creates instablity because there is too frequent fluctuations in exchange rate under it create uncertainty about the exact amount of receipts and payments in foreign exchange transactions.And this instability hampers foreign trade and capital movements between the countries.
Q3. Calculate mean deviation from median and its coefficient from the following data : 100, 150, 80, 90, 160, 200, 140
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Agriculture sector has share of 9 % in total commercial energy. It shows that
Answer : Option B
Explaination / Solution:
Low degree of Mechanisation of agriculture indicates the low degree of commercial energy. Thus, mechanisation is a process of replacing biological sources of energy.
Q5. The basic economic problem arises in
Answer : Option B
Explaination / Solution:
Economic problem arises mainly due to two reasons- (i) human wants are unlimited (ii) means to satisfy human wants are scarce. The problem of scarcity is faced by an individual and the society. With wants unlimited and resources scarce, our wants cannot be fulfilled.
Q6. The situation of ‘abnormal profits’ arise for a firm when
Answer : Option C
Explaination / Solution:
No Explaination.
Q7.
Calculate Karl Pearson’s coefficient of correlation on the following data:
Answer : Option A
Explaination / Solution:
Q8. In which programme people were encouraged to form SHG
Answer : Option A
Explaination / Solution:
The SGSY(Swarnajayanti Gram Swarojgar Yojana) aims at providing self employment to villagers through the establishment of self help groups. Activity clusters are established based on the aptitude and skill of the people which are nurtured to their maximum potential. Funds are provided by NGO's, banks and financial institutions.
Q9. When scope of enquiry is limited and the universe containing a unit having different characteristics make the intensive study of each unit desirable, which method is more suitable?
Answer : Option B
Explaination / Solution:
Because census method provides a detailed, reliable, and true measure of population without any sampling error.
Q10. Example of misuse of environmental resource
Answer : Option B
Explaination / Solution:
No Explaination.
