Economics - Online Test
Q1. The period between 1991-2012 is called
Answer : Option C
Explaination / Solution:
High crop productivity led to Golden Revolution in horticulture farming during the years 1991-2012.
Q2. In 1965, Mao introduced the _____________ under which students and professionals were sent to work and learn from country side
Answer : Option D
Explaination / Solution:
When Russian had conflict with China, it withdrew it's professionals who had earlier been sent to China to help in the industrialization process. Then, Mao introduced GPCR.
Q3. In which year India adopted HYVP
Answer : Option C
Explaination / Solution:
The High Yielding Variety Programme (HYVP) was launched in the Kharif of 1966-67 with an objective to attain self-sufficiency in food by 1970-71. The core philosophy of the programme was to increase the productivity of food grains by adopting latest varieties of inputs of crops.
Q4. One of the two components of Capital budget are
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. Which of the Following statement is false regarding Mode
Answer : Option D
Explaination / Solution:
Mode is not affected by the presence of extreme items.
Q6. Which of the following is false regarding labour force
Answer : Option C
Explaination / Solution:
Labour force refers to the number of workers actually working or willing to work.
Q7. Intermediate goods are those
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. According to the law of diminishing marginal utility, _________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. The measures taken under NEP are called
Answer : Option D
Explaination / Solution:
The measures taken under New Economic Policy (NEP) are called economic reforms as these policies sought to reform the Indian economy and remove the rigidities that had entered into the various segments of the economy.
Q10. If c = 0.8 and m = 0.3, the open economy multiplier will be
Answer : Option A
Explaination / Solution:
No Explaination.
