Economics - Online Test
Q1. Which of the following will you include while estimating national income by expenditure method?
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. One factor that causes a movement along the demand curve of a commodity
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. The most urgent problem which prompted the introduction of the New Economic Policy in 1991 was
Answer : Option B
Explaination / Solution:
Foreign Exchange Reserves had fallen to unmanageable levels, the government was not able to generate revenue from taxation due to rampant tax evasion and the public sector was also not reporting high incomes.
Q4. Autonomous Items are also called
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Arrange the following steps to find out standard deviationsa. Find out deviations b. Assume the centre value of the seriesc. Square the deviationsd. Multiply these deviations by frequencies e. Multiply the square deviation by the respective frequencies and obtain the total Options are
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Plant load factor measures operational efficiency of a
Answer : Option C
Explaination / Solution:
PLF determines the exact loadability of the thermal power plant. Indirectly, it gives the performance of the power plant.
Q7. All attainable combinations will lie
Answer : Option C
Explaination / Solution:
A production possibilities frontier (PPF) is a diagram that illustrates the possible production points for an economy based on its resources and technology.Production points on a PPF are possible and efficient. Production points on a PPF represent efficient use of all of the economy’s resources.
Q8. What happens to AR when MR is increasing
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. Rank correlation coefficient r = 0.8., ; Find ‘ n’ .
Answer : Option D
Explaination / Solution:
Q10. Which scheme was started in 1993 to create self-employment opportunities for educated unemployed youth in rural areas and small towns?
Answer : Option A
Explaination / Solution:
PMRY is being implemented since 1993. The Scheme is designed to create and provide sustainable self-employment opportunities to one million educated. The Prime Minister Rozgar Yojana (PMRY) was discontinued in 2007-08 and in 2008-09 a new scheme namely Prime Minister’s Employment Generation Programme (PMEGP) has been introduced by merging the two schemes i.e. Prime Minister Rozgar Yojana (PMRY) and Rural Employment Generation Programme (REGP).
