Economics - Online Test
Q1. The formula of investment multiplier in terms of MPS is
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. 10 % _____ while 18% workforce were engaged in ______ sector
Answer : Option A
Explaination / Solution:
The three-sector is an economic theory which divides economies into three sectors of activity , manufacturing (secondary 10%), and services (tertiary 18%).
Q3. Ogives for more than type and less than type distribution intersect at
Answer : Option C
Explaination / Solution:
Mean and mode can not be calculated by using graphical method. Only median can be ascertained by constructing ogives.
Q4. MSP announced ____ the sowing season
Answer : Option B
Explaination / Solution:
The minimum support prices are announced by the Government of India at the beginning of the sowing season for certain crops on the basis of the recommendations of the Commission for Agricultural Costs and Prices (CACP)
Q5. China’s HDI rank in the world is ____
Answer : Option C
Explaination / Solution:
"The HDI is the actual level of human development (accounting for inequality)" and "the HDI can be viewed as an index of "potential" human development (or the maximum IHDI that could be achieved if there were no inequality)".
Q6. Following are the external factors responsible for industrial sickness except
Answer : Option A
Explaination / Solution:
Diversion of funds is the internal cause and not the external cause for industrial sickness.
Q7. Capital expenditure is incurred on normal functioning of the govt. Administration. It is
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. The mean of ten numbers is 58. If one of the numbers is 40, what is the mean of the other nine?
Answer : Option B
Explaination / Solution:
Mean is calculated as the sum of the values of all observations divided by the number of observations
Mean = 58, N= 10
sum of the values of all observations = 58 x 10 = 580
Corrected sum of the values of all observations = 580 - 40 = 540
Corrected number of observations = 10 – 1 = 9
Correct Mean = 540/9 = 60
Mean = 58, N= 10
sum of the values of all observations = 58 x 10 = 580
Corrected sum of the values of all observations = 580 - 40 = 540
Corrected number of observations = 10 – 1 = 9
Correct Mean = 540/9 = 60
Q9. Those people who are hired by others and are paid wages as a reward for their services are called
Answer : Option A
Explaination / Solution:
Labour hire is the term applied (especially in Australia) to provision of outsourced skilled and unskilled blue collar workers hired for short- or long-term positions. It is known by other names such as supplementary staffing, labour supply or temping.The workers, known as contractors, field employees, temps, on-hired employees or even just employees, are employed by the labour hire organisation. They are not employed by the company to whom they provide labour. This is an important distinction for the purposes of Occupational Healthy and Safety purposes, in particular who has legislative responsibility for ensuring a safe working environment.
Q10. water in a stream is a
Answer : Option C
Explaination / Solution:
No Explaination.
