Economics - Online Test
Q1. Why is there a need for diversification
Answer : Option C
Explaination / Solution:
Diversification in agriculture is key in achieving food security, improved human nutrition and increase in rural employment.
Q2. It deals with the collection, presentation, analysis and interpretation of quantitative information. This statement defines
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Match the following. Options are
Answer : Option A
Explaination / Solution:
Open employment means doing a job which can be done by any person. You do the same job as your co-workers and are paid the same wages. Seasonal jobs are temporary and short-term by definition. For example, retailers hire extra workers for the holiday season, tax preparation firms hire employees for tax season, ski resorts hire workers during winter ski season, and amusement parks hire summer seasonal workers. Disguised unemployment exists where part of the labor force is either left without work or is working in a redundant manner where worker productivity is essentially zero. It is unemployment that does not affect aggregate output.
Q4. Which of the following are not included while estimating domestic product of India
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. Consumer surplus is more in the case of______________?
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. Can TR be a horizontal Straight line?
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Raising margin requirements by the central bank in India during deficient demand is
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. If under perfect competition, the price lies below the average cost curve, the firm would?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. In C= -c+b(Y), ‘Y’ denotes
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. A person who buys goods and services for the satisfaction of human wants
Answer : Option C
Explaination / Solution:
No Explaination.
