Economics - Online Test
Q1. Reasons for the Slow progress of land reforms were
Answer : Option A
Explaination / Solution:
The major reason for the failure of land reforms were lack of political support, benami transfers and lots of flaws in the land reforms legislation.
Q2. Deficit financing is
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. On his first 5 biology tests, Bob received the following scores: 72, 86, 92, 63, and 77. What test score must Bob earn on his sixth test so that his average (mean score) for all six tests will be 80
Answer : Option A
Explaination / Solution:
N= 5 , Values of all observations = 72+86+92+63+77= 390 i.e. 90 (6 x 80) number less all the observations of Bob’s score.
Bob need to score in 6th Test = 90
So that his Sum of the values of all 6 test =480
Bob need to score in 6th Test = 90
So that his Sum of the values of all 6 test =480
Q4. Inflation in food items is ___ than in manufactured products
Answer : Option A
Explaination / Solution:
There are four causes of inflation in world food prices. They will drive up food prices in the long run. There are also short-term factors that affect supply and demand. Those include the weather, animal diseases and catastrophes.
Q5. Statistics when define in plural sense refers to _______ and when used in a singular sense means
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Which one of the following items is not included in the estimating a country‘s national income
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. What does one take on two axes while drawing an indifference curve?
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. The main changes in fiscal policy are
Answer : Option C
Explaination / Solution:
Fiscal policy is the expenditure and revenue policy of the government. Reduction of quantitative restrictions on imports and exports led to the fall in taxes that the government used to collect and so it is a change in the fiscal policy.
Q9. A disequilibrium in Balance of payment can be corrected by
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. Find the value of range for the following Data 7, 9, 6, 8, 11, 10, 4
Answer : Option B
Explaination / Solution:
R= L-S where L is largest value and S is smallest value
R= 11-4= 7
