Economics - Online Test
Q1. Which one is the defect in the agricultural marketing system
Answer : Option C
Explaination / Solution:
There is no proper storage or warehousing facilities for farmers in the villages where they can store their agriculture produce. Every year 15 to 30 per cent of the agricultural produce are damaged either by rats or rains due to the absence of proper storage facilities. Thus, the farmers are forced to sell their surplus produce just after harvests at a very low and un-remunerative price.
Q2. Structural changes is
Answer : Option D
Explaination / Solution:
A structural change is an economic condition that occurs when an industry or market changes how it functions or operates.
Q3. Imports fast growing imports are due to
Answer : Option A
Explaination / Solution:
Due to economic reforms liberalisation in 1991 countries nowadsys imports huge amount of capital and petroleum goods.
Q4. A Balanced budget is one where
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. A batsman scores the following number of runs in 6 innings: 36, 35, 50, 46, 60, and 55. Calculate the mean runs scored in an inning.
Answer : Option D
Explaination / Solution:
Mean is calculated as the sum of the values of all observations divided by the number of observations
N= 6
Sum of the values of all observations = 36+35+50+46+60+55 = 282
Mean = 282/6 = 47
N= 6
Sum of the values of all observations = 36+35+50+46+60+55 = 282
Mean = 282/6 = 47
Q6. Cyclical unemployment refers to
Answer : Option C
Explaination / Solution:
Cyclical unemployment is a factor of overall unemployment that relates to the cyclical trends in growth and production that occur within the business cycle. When business cycles are at their peak,cyclical unemployment will be low because total economic output is being maximized.
Q7. Investment in macroeconomics is
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. The substitute goods of a normal good are those that can be used
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. Inwards foreign direct investment is useful because
Answer : Option A
Explaination / Solution:
Inwards foreign direct investment brings in foreign exchange, management expertise as well as modern technology.
Q10. Balance of capital account includes
Answer : Option B
Explaination / Solution:
No Explaination.
