Economics - Online Test
Q1. Lorenz Curve : Used this technique to show
Answer : Option B
Explaination / Solution:
The Lorenz curve is a graphical representation of the distribution of income or of wealth. It was developed by Max O Lorenz in 1905 for representing inequality of the wealth distribution.
Q2. SEB’s which distribute electricity incur losses because
Answer : Option D
Explaination / Solution:
State Electricity Boards (SEBs), which distribute electricity, incur losses . This is due to transmission and distribution losses.
Q3. Normative economics analyses
Answer : Option B
Explaination / Solution:
Normative economics is a part of economics that expresses value or normative judgments about economic fairness or what the outcome of the economy or goals of public policy ought to be.
Q4. What happens to TR when MR is zero
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Calculate coefficient of Correlation between price and supply. Interpret the value of correlation coefficient.
Answer : Option C
Explaination / Solution:
Q6. Which of the following programmed was launched in the year of 2000?
Answer : Option B
Explaination / Solution:
Pradhan Mantri Gramodaya Yojana was launched in the year 2000-2001 in all the States and Union Territories of India, in order to achieve the objective of sustainable human development in the village level.
Q7. Indirect Oral Investigation is suitable where
Answer : Option A
Explaination / Solution:
Under this method, the investigator collects the data indirectly by interviewing the third persons who are supposed to be in close touch with the original informants or the incidence. This method of collecting the data is adopted when the original informants are either not found or found to be reluctant to part with the desired information, or the incidence concerned is not accessible.
Q8. Carrying capacity implies
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. One of the various quantitative instruments used by the central bank in during deflation is
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. A weighted aggregate price index where the weight for each item is its current-period quantity is called the
Answer : Option C
Explaination / Solution:
No Explaination.
