Economics - Online Test
Q1. _____ in which current year quantities are used
Answer : Option B
Explaination / Solution:
Passche's Price Index is calculated by taking current year quantities as base therfore it is also called current year quantity weight method.
Q2. A major problem faced by the human capital formation in India is
Answer : Option A
Explaination / Solution:
Human capital formation is a continuous process as there is scope for skill development, change in technology, better educational and health facilities. A rising population is a huge challenge especially in India where there is an increase in the number of people living below poverty line. These people become dependent on the government to provide basic facilities.
Q3. Series of statistical data with one variable only is called
Answer : Option D
Explaination / Solution:
A series of individual observations is a series in which items are listed individually.
Q4. The condition of a continually rising price level is defined as
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. MPS= 1+MPC. It is
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. Identify the industries which were under the public sector during the colonial period
Answer : Option A
Explaination / Solution:
Railways is a state –owned Industry during the colonial period, responsible for rail transport in India.
Q7. Formula for calculating adjusted frequency is
Answer : Option A
Explaination / Solution:
Adjusted frequency of a class may be defined as the product of the frequency of corresponding class and the ratio of minimum class size to the class size.
We use the concept of adjusted frequency distribution to draw histogram of the class intervals of different width. Using it the frequency of the class intervals are adjusted in order to make the frequencies of the each class intervals and the area of the corresponding bar representing the histogram of class intervals in equal proportion.
Q8. Operation flood started in
Answer : Option C
Explaination / Solution:
Operation Flood was started by National Dairy Development Board (NDDB) in 1970s
Q9. Which of the following policy was followed by Pakistan
Answer : Option C
Explaination / Solution:
Import substitution industrialization (ISI) is a trade and economic policy which advocates replacing foreign imports with domestic production. ISI is based on the premise that a country should attempt to reduce its foreign dependency through local production of industrialized products.
Q10. Initially HYVP was implemented in about
Answer : Option B
Explaination / Solution:
Initially HYVP was implemented in 2 million hectares. in 1997-98 the total area under HYVP was 76 million hectares, of which about 6 percent was under foodgrains.
