Economics - Online Test
Q1. The general shape of APP in the short run is
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. When r = 1, there is perfect
Answer : Option C
Explaination / Solution:
As 1 shows perfect relation between two variables and the + sign shows positive relation
Q3. Per capita per annum income of the ___ is 41,890 dollar that of ____ is 35,485 dollar and ___ 49,351 dollar
Answer : Option B
Explaination / Solution:
Per capita GDP is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries. A rise in per capita GDP signals growth in the economy and tends to reflect an increase in productivity.
Q4. Sample method, compared to Census method, is much better because
Answer : Option D
Explaination / Solution:
Because a part of the population is surveyed, it take less time.
Q5.
The atmospheric concentrations of carbon dioxide and CH4 have increased by ____ per cent and ____ per cent respectively above pre-industrial levels since 1750.
Answer : Option B
Explaination / Solution:
The National Oceanic and Atmospheric Administration released its annual index of 20 key greenhouse gases. It shows, The atmospheric concentrations of carbon doxide and CH4 have increased by 40 per cent and 140 per cent respectively above pre-industrial levels since 1750.
Q6. The elasticity at a point on a straight line supply curve passing through the origin making an angle of 45°will be
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. What do you mean by credit creation by commercial banks?
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. The main group of industries covered by IIP are
Answer : Option D
Explaination / Solution:
The Index of Industrial Production (IIP) is an index for India which details out the growth of various sectors in an economy such as mineral mining, electricity and manufacturing.
Q9. Which Five Year Plan stressed upon the importance of human capital
Answer : Option A
Explaination / Solution:
The Seventh Five Year Plan had the development of human capital formation as its prime objective. India believed that the population could become an asset, if trained and educated on sound lines which would lead to economic and social growth.
Q10. The number of times an item occur in the series is known as
Answer : Option A
Explaination / Solution:
Frequency is the number of occurrences of a repeating event per unit time. It is also referred to as temporal frequency, which emphasizes the contrast to spatial frequency and angular frequency
