Economics - Online Test
Q1. The law of Psychological consumption states
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. What is GDP
Answer : Option C
Explaination / Solution:
GDP is commonly used as an indicator of the economic health of a country. Gross domestic product (GDP) is the monetary value of all the final goods and services produced within a country's borders in a year.
Q3. Percentage bar diagram has
Answer : Option D
Explaination / Solution:
For contacting a percentage bar graph, data has to be converted in percentage form. Percentage bar diagrams have same length.
Q4. Operation flood is related to
Answer : Option D
Explaination / Solution:
The objective of this programme was to create a nationwide milk grid.
Q5. ____ has followed the classical development pattern of gradual shift from agriculture to manufacturing and then to services
Answer : Option C
Explaination / Solution:
Although the central administration coordinated the economy and redistributed resources among regions when necessary, in practice most economic activity was very decentralized, and there was relatively little flow of goods and services between areas. About 75 percent of the grain grown in China, for instance, was consumed by the families that produced it.
Q6. The birth rate in 1991 declined to
Answer : Option B
Explaination / Solution:
Birth rate refers to the number of live births per thousand of population per year. In 1991 it declined to 9.8
Q7. One of the other two components of Revenue budget are
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. The ______ is the value you calculate when you want the arithmetic average.
Answer : Option A
Explaination / Solution:
The arithmetic mean, also called the arithmetic average.
Q9. Labour force refers to
Answer : Option B
Explaination / Solution:
It refers to the number of persons actually working or willing to work. It is not related to wage rate.
Q10. Microeconomics is different from macroeconomic s as
Answer : Option A
Explaination / Solution:
No Explaination.
