Economics - Online Test
Q1. Global warming is a
Answer : Option C
Explaination / Solution:
Global warming is a gradual increase in the average temperature of the earth's atmosphere. It is caused by man-made increase in carbon dioxide and other greenhouse gases through the burning of fossil fuels and deforestation.
Q2. A producer’s equilibrium is a situation when
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. Barter system is
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. ______ are devices for measuring differences in the magnitude of a group of related variables
Answer : Option D
Explaination / Solution:
An index number is a statistical device for measuring changes in the magnitude of a group of related variables.
Q5. Human capital is similar to physical capital because
Answer : Option A
Explaination / Solution:
The human capital is the brain behind the technicalities and processes of the physical capital. Both are needed for a society or nation to grow.
Q6. Class limits means
Answer : Option C
Explaination / Solution:
Class limits have the same accuracy as the data values; the same number of decimal places as the data values. The lower class limit of a class is the smallest data value that can go into the class. The upper class limit of a class is the largest data value that can go into the class.
Q7. Which of the following is consistent with an increase in the inflation rate?
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. MPC+MPS=
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. TISCO was incorporated in
Answer : Option B
Explaination / Solution:
Tata Iron and Steel Company was founded and established on 26 August 1907.
Q10. A pictogram is
Answer : Option A
Explaination / Solution:
a pictograph is a graph that shows numerical information by using picture symbols or icon to represent data sets. The advantage of using a pictograph is that it is easy to read
