Economics - Online Test
Q1. Which of the following is false regarding consumption pattern of commercial energy
Answer : Option B
Explaination / Solution:
At present, commercial energy consumption makes up about 65 per cent of the total energy consumed in India. This includes coal with the largest share of 55 per cent, followed by oil at 31 per cent, natural gas at 11 per cent and hydro energy at 3 per cent.
Q2. What causes an economy to produce more of Good X and no less of Good Y?
Answer : Option D
Explaination / Solution:
Technology is the advancement of the society as a whole. Better technology means that you can figure out more efficient production techniques thereby leading the economy to create a scope to move the PPC further to the right
Q3. The situation of ‘normal profits’ arise for a firm when
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Number of pairs of observations of x and y series = 10
X series: Arithmetic average = 65
Standard deviation = 23.33
Y series: Arithmetic average = 66
Standard deviation = 14.9
Summation of products of corresponding deviation of X and Y series = + 2704
Calculate product moment correlation of x and y series.
X series: Arithmetic average = 65
Standard deviation = 23.33
Y series: Arithmetic average = 66
Standard deviation = 14.9
Summation of products of corresponding deviation of X and Y series = + 2704
Calculate product moment correlation of x and y series.
Answer : Option A
Explaination / Solution:
Q5. Integrated rural development programme, Development of women and children in rural areas , Million wells scheme etc. all these amalgamated into a single self-employment programme known as
Answer : Option C
Explaination / Solution:
Swarnajayanti Gram Swarojgar Yojana (SGSY) is an initiative launched by the Government of India to provide sustainable income to poorest of the poor people living in rural & urban areas of the country.
Q6. Some questions be asked from informants on trial basis, if their answers involve some difficulty these can be reframed accordingly .Such testing is called
Answer : Option D
Explaination / Solution:
Pilot surveys, typically taken by smaller groups, help determine the efficiency of the future survey while also helping organizations smooth out difficulties before administering the main survey.
Q7. UNCED stands for
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. One of the various qualitative instruments used by the central bank in during inflation is
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. A monthly price index that uses the price changes in consumer goods and services for measuring the changes in consumer prices over time is known as the
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Educational attainment is measured by the two-third weighted average of the _____and one-third weight ______
Answer : Option D
Explaination / Solution:
No Explaination.
