Economics - Online Test
Q1. PPP GDP per capita growth rate of India during (1990-2007) is
Answer : Option A
Explaination / Solution:
The Gross Domestic Product per Capita in India was recorded at 6092.60 US Dollars in 2016, when adjusted by PPP. The GDP per capita, in India, when adjusted by PPP is equivalent to 34% of world's average. GDP per capita PPP in Indian averaged 3256.23 USD from 1990until 2016, reaching an all time high of 6092.60 USD in 2016 and a record low of 1737.60 USD in 1991.
Q2. Match the following. Options are as below
Answer : Option C
Explaination / Solution:
Intermediaries refers to people between the tiller and the state. they should be abolished as they bring stagnation in the Indian agricultural sector. The tenancy reforms laws provide the provisions for registration of tenants, or giving ownership rights to the former tenants to bring them directly under the state. Consolidation of land holdings refers to bringing together all plots of land into one block.
Q3. A class of public expenditure is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. What is the mean of this set of numbers: 4, 6, 7, 9, and 2000000?
Answer : Option D
Explaination / Solution:
Arithmetic mean by direct method isthe sum of all observations in a seriesdivided by the total number ofobservations. Mean = 4+6+7+9+2000000 = 2000026/5= 400005.2
Q5. Urban areas of most suffer most from
Answer : Option A
Explaination / Solution:
Open unemployment is a condition in which people have no work to do. They are able to work and are also willing to work but there is no work for them. They are found partly in villages, but very largely in cities.
Q6. National Income is a
Answer : Option E
Explaination / Solution:
No Explaination.
Q7. The value of elasticity in case of a horizontal line will be
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. CRR is
Answer : Option C
Explaination / Solution:
Cash Reserve Ratio (CRR) is the amount of funds that the banks have to keep with the RBI.
Q9. A component of current account of the BOP account is
Answer : Option A
Explaination / Solution:
Current account of balance of payment is trade balance & trade balance includes exports and imports of goods and services.
Q10. Calculate the standard deviation for the following data - 5, 8, 7, 11, 14
Answer : Option B
Explaination / Solution:
No Explaination.
