Economics - Online Test
Q1. Machines and buildings are
Answer : Option B
Explaination / Solution:
Physical capital refers to tangible capital like plant and machinery, buildings, computers, etc which are built by humans to be used for productive purposes.
Q2. A characteristics or a phenomenon which is capable of being measured and changes its value overtime is called
Answer : Option D
Explaination / Solution:
Variables data is data that is acquired through measurements, such as length, time, diameter, strength, weight, temperature, density, thickness, pressure, and height. With variables data, you can decide the measurement’s degree of accuracy.
Q3. Which of the following is not a non-monetary measure?
Answer : Option A
Explaination / Solution:
Increase in the rate of interest is not a non monetary measure. It is a monetary measure because it will have a direct impact on the money supply in the economy.
Q4. Consumption changes in the same direction as income. It is
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. GDP stands for
Answer : Option C
Explaination / Solution:
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's territory in a specific time period.
Q6. Diagrams which take shapes like rectangles, squares, circles, cubes, sphere etc. are called
Answer : Option C
Explaination / Solution:
Example of geometric graphs are bar diagrams, pie diagrams, etc.
Q7. TANWA project relates to
Answer : Option C
Explaination / Solution:
Farm women's groups, focusing on income generation through employment of women in productive activities at the household level.
Q8. China introduced major reforms in its economy in
Answer : Option B
Explaination / Solution:
To improve the various sectors of economy, China introduced reforms in phases in 1978.
Q9. All the state government imposed land ceiling in 1960 except
Answer : Option B
Explaination / Solution:
In 1959 the Indian national congress resolved that the agragarian legislation to cover restrictions on the size of land holdings must be implemented in all states by the end of 1959. thus, all the state governments imposed land ceilings in the 1960s except for the north-eastern region.
Q10. One of the two components of Revenue budget are
Answer : Option C
Explaination / Solution:
No Explaination.
