Economics - Online Test
Q1. An example of transfer payments is
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. What is called point of satiety?
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. The economic reforms were intended to take the Indian economy into three specific directions which are
Answer : Option A
Explaination / Solution:
The economic reforms, popularly known as the NEP (New Economic Policy) of 1991 were intended to take the Indian economy in the direction of Liberalisation, Privatisation and Globalisation (LPG) by removing the restrictions on trade, private sector and reduce the role of government in many areas.
Q4. If domestic autonomous demand increases by 100, in a closed economy output will increase by
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Absolute measures of dispersion are
Answer : Option A
Explaination / Solution:
These measures give us an idea about the amount of dispersion in a set of observations. They give the answers in the same units as the units of the original observations. When the observations are in kilograms, the absolute measure is also in kilograms.
Q6. Nation Rural Health Mission was launched in
Answer : Option C
Explaination / Solution:
The National Rural Health Mission (NRHM) was launched by the Hon'ble Prime Minister on 12th April 2005.
Q7. The basic factors of production are land, labour, capital and______
Answer : Option D
Explaination / Solution:
Factors of production is an economic term that describes the inputs that are used in the production of goods or services in order to make an economic profit. This include land, labour, capital and entrepreneurship.
Q8. Cost of production is
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. Coefficient of correlation is also known as product moment correlation.
Answer : Option C
Explaination / Solution:
As it is the product of two different random variables.also in denominator there is product of standard deviation
Q10. In India share of ___ percent of low income group of people in the national income while that of ___ percent of high income group people is 45.3 percent
Answer : Option C
Explaination / Solution:
India's per capita incomes were low, the average household size and consequent household incomes were higher. India had a total of 247 million households in 2011, with an average of about 4.9 people per household, according to Census of India
