Economics - Online Test
Q1. The mean of 11 numbers is 7. One of the numbers, 13, is deleted. What is the mean of the remaining 10 numbers?
Answer : Option C
Explaination / Solution:
Given Sum of all observations = 11x7=77
Correct Sum of all observations = 77-13 = 64
Correct total number of observations= 11-1= 10
Correct Mean = Correct Sum of all observations/ Correct total number of observations= 64/10 = 6.4
Q2. Which one of the following sectors is the largest employer in India?
Answer : Option C
Explaination / Solution:
The primary sector of the economy extracts or harvests products from the earth. The primary sector includes the production of raw material and basic foods. Activities associated with the primary sector include agriculture (both subsistence and commercial), mining, forestry, farming, grazing, hunting and gathering, fishing, and quarrying. The packaging and processing of the raw material associated with this sector is also considered to be part of this sector.
Q3. Investment is a
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. Which of the following will have elastic demand?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Fiscal policy of the government
Answer : Option C
Explaination / Solution:
Fiscal policy is the revenue (which comes from taxation) and expenditure policy of the government.
Q6. Currency depreciation occurs when
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. The symbol σ is used to represent
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Which sector has the highest energy consumption level
Answer : Option A
Explaination / Solution:
The sectoral pattern of consumption of commercial energy the industrial sector has been increasing & highest energy consumption level
Q9. Does production takes place only on PPC?
Answer : Option B
Explaination / Solution:
When all resources are employed on ideal situation, production can take place on PPC
Q10. What happens to TR when MR is increasing
Answer : Option A
Explaination / Solution:
No Explaination.
