Economics - Online Test

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) Economics TEST : 133

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Presentation of Data Prepare / Learn

Q1. In a cumulative percent frequency distribution, the last class will have a cumulative percent frequency equal to

A. Zero

B. 100

C. 100%

D. -1

Answer : Option C
Explaination / Solution:

Cumulative percentage is another way of expressing frequency distribution. It calculates the percentage of the cumulative frequency within each interval, much as relative frequency distribution calculates the percentage of frequency.

The main advantage of cumulative percentage over cumulative frequency as a measure of frequency distribution is that it provides an easier way to compare different sets of data.

Cumulative frequency and cumulative percentage graphs are exactly the same, with the exception of the vertical axis scale. In fact, it is possible to have the two vertical axes, (one for cumulative frequency and another for cumulative percentage), on the same graph.

Cumulative percentage is calculated by dividing the cumulative frequency by the total number of observations (n), then multiplying it by 100 (the last value will always be equal to 100%

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Rural Development Prepare / Learn

Q2. To regulate the agriculture market following steps were taken except

A. To lesson marketing charges

B. To ensure fair prices both to producers and consumers

C. To eliminate illegal charges

D. To improve infrastructure facilities

Answer : Option D
Explaination / Solution:

Agricultural marketing is inferred to cover the services involved in moving an agricultural product from the farm to the consumer. activities are involved in doing this, such as planning production, growing and harvesting, grading, packaging, transport, storage, agro- and food processing, distribution, advertising and sale

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Development Experience Of India a Comparison with Neighbors Prepare / Learn

Q3. Common success of India and Pakistan except

A. Reduction in poverty

B. Self-sufficiency in food production

C. Rise in GDP per capita

D. Dismal fiscal management

Answer : Option D
Explaination / Solution:

Must be able to plan the work-unit's budget and manage income and expenditure, through responsible implementation of policies, practices and decisions in order to achieve unit objectives effectively and efficiently.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Indian Economy 1950 to 1990 Prepare / Learn

Q4. Legally stipulated maximum size beyond which no individual farmer can hold any land

A. Tenancy reforms

B. Abolition of intermediaries

C. Land consolidation

D. Land Ceiling

Answer : Option D
Explaination / Solution:

Land ceiling refers to fixing the the maximum size of land holdings individuals can own. Land above the ceiling limit would be known as surplus land which can be taken away by the government withour paying compensation to the original owner.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Government Budget and the Economy Prepare / Learn

Q5. A deficit budget is one where

A. Estimated revenues> estimated expenditure

B. Estimated revenues< estimated Receipts of the govt.

C. Estimated revenues= estimated expenditure

D. Estimated revenues< estimated expenditure

Answer : Option D
Explaination / Solution:
No Explaination.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Measures of Central Tendency Prepare / Learn

Q6.

Find the median

A. 45

B. 40

C. 35

D. 30

Answer : Option D
Explaination / Solution:

In case of discrete series the position of median i.e. (N+1)/2th item can be located through cumulative frequency. The corresponding value at this position is the value of median.
Value: 20 29 30 39 44
Frequency: 2 4 4 3 2
Cumulative frequency 2 6 10 13 15
M= 15+1/2 = 8th place which is located in 30

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Employment Growth Informational and other Issues Prepare / Learn

Q7. The immediate solution of reducing unemployment lies in

A. Both

B. Reducing rate of growth of population

C. None

D. Stepping up investment

Answer : Option D
Explaination / Solution:

An increase in the amount, speed, or intensity of investment can be termed as stepping up of investment. This will reduce the rate of unemployment.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics National Income and Related Aggregates Prepare / Learn

Q8. Which of the following will you include while estimating national income by income method?

A. Royalty

B. Purchase of raw materials by a producer

C. Net indirect taxes

D. Change in stocks

Answer : Option A
Explaination / Solution:
No Explaination.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Consumers Equilibrium and Demand Prepare / Learn

Q9. The marginal product is above the average product curve, when the average product is:

A. None of above

B. Increasing

C. Decreasing

D. Becomes constant

Answer : Option C
Explaination / Solution:
No Explaination.

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) # Economics Economic Reforms Since 1991 Prepare / Learn

Q10. Reasons which highlight the importance to privatisation

A. Reduce the cost by minimising wastages

B. Increase employment due to exit policy for sick public enterprises

C. Decline in private monopoly

D. Favour the objective of social welfare

Answer : Option A
Explaination / Solution:

Privatisation is important because the private capital and managerial capabilities can be effectively utilised to improve the performance of the PSUs and minimise wastages.

REDO LAST TEST AGAIN : ( TEST 132 ) REDO THIS TEST AGAIN : ( TEST 133 )

START NEXT : ( TEST 134 )

UPSC Civil services Entrance exams Civil Services Aptitude Test (CSAT) Economics TEST : 133