Economics - Online Test
Q1. The method in which information is collected from third party is known as ______.
Answer : Option D
Explaination / Solution:
Because of unavailabilty of the main informant the information is collected from a third party which is likely to have the required information.
Q2. A decline in the overall quality of soil, water or vegetation condition, commonly caused by human activities is known as
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Raising bank rate by the central bank in India during excess demand is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. If the wholesale price index for week 1is 200 and for week 2 is 250 then rate of inflation
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. If ____ capital represents production capacity of a nation, _____ capital is the cause that designs machines.
Answer : Option C
Explaination / Solution:
Physical capital like plant and machinery, are tangible assets used in the production process. Human capital represents the brain behind the design and built of the machines.
Q6. Expression of the class interval 90-99 in open ended classes
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. Rise in supply of money may not lead to an increase in the price level because
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. Under which market situation demand curve is linear and parallel to X-axis?
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. The Breakeven level of an economy is
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. Indian economy at the time of independence was
Answer : Option D
Explaination / Solution:
High growth of population, lower level of human development, agricultural dominance, unequal distribution of income and wealth, scarce resources of production, high rate of unemployment, high dependency ratio, lack of entrepreneurs and low level of technology reflect Backward economies at the time of independence.
