Economics - Online Test
Q1. Name the type of classification used in the following graph
Answer : Option D
Explaination / Solution:
Classification based on the analysis of spatial objects related to its spatial characteristics, such as areas of region, roads, and ponds or rives is known as spatial classification.
Q2. "Too much money chasing too few goods" best describes:
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. The break- even point is where TR=TC
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. The formula of investment multiplier in terms of MPC is
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. What is the value of GNP
Answer : Option D
Explaination / Solution:
Gross national product (GNP) is a broad measure of a nation's total economic activity.GNP is the value of all finished goods and services produced in a country in one year by its nationals.
Q6. The width of a class interval in a frequency distribution (or bar chart) will be approximately equal to the range of the data divided by the ______________
Answer : Option C
Explaination / Solution:
For example, if the data is about marks of students in a 100 marks paper, and data is presented in the form of marks 0-10, 10-20, 20-30 etc. The range of the data will be 100-0=100. Number of class intervals are 10. Therefore, width of the class intervals will be 100/10=10.
Q7. Which activity involves assembling , storage, processing , transportation , grading and distribution of different agriculture commodities across the country
Answer : Option D
Explaination / Solution:
Agricultural marketing includes all those process between harvesting and final sale of the produce by the farmers.
Q8. The size of population is comparatively very small in Pakistan just about ____ of China
Answer : Option D
Explaination / Solution:
The current population of Pakistan is 197,098,396 , based on the latest United Nations estimates. Pakistan population is equivalent to 2.62% of the total world population.Pakistan ranks number 6 in the list of countries (and dependencies) by population. China ranks number 1 in the countries.
Q9.
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.
Q10. Revenue expenditure is incurred on normal functioning of the govt. Administration. It is
Answer : Option D
Explaination / Solution:
No Explaination.
