Economics - Online Test
Q1. In volume diagram the three dimensions which are taken into account are:
Answer : Option A
Explaination / Solution:
For calculating volume, height, length and breadth is required
Q2. Which of the following is false regarding NABARD?
Answer : Option D
Explaination / Solution:
NABARD is an apex institution handling policy, planning and operations in the field of rural credit and related economic activities.
Q3. Infant mortality rate is as low as ___ per thousand in China compared with ___ per thousand in India
Answer : Option B
Explaination / Solution:
The infant mortality rate is the number of deaths of infants under one year old per 1000 live births. This rate is often used as an indicator of the level of health in a country.
Q4. Gross Domestic savings as a proportion of GDP has risen from ____ in 1950-51 to ____percent in 1990-91
Answer : Option A
Explaination / Solution:
Gross Domestic savings as a proportion of GDP has risen mainly due to the increased contribution of household sector from 6.2 in 1950-51 to 19.3 in 1990-91.
Q5. One of the other two components of government Revenue in the budget are
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. The mean is
Answer : Option B
Explaination / Solution:
The sum of the values of all observations divided by the number of observations. Mean = ∑X / N
Q7. Which of the following is false regarding India Vision 2020 : Employment
Answer : Option B
Explaination / Solution:
As per vision of Dr. APJ Abdulkalam, we have to transform India in five areas where India has core competence ie., Agriculture and food processing, Education and healthcare, Information and communication technology, Infrastructure development, which includes reliable and quality electric power, surface transport and infrastructure for all parts of the country including rural and urban areas under PURA and Self-reliance in critical technologies.
Q8. An example of factor payments is
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. The total utility divided by the number of units consumed is known as?
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Which act was removed under NEP
Answer : Option D
Explaination / Solution:
The Monopolistic and Restrictive Trade Practices (MRTP) act, which was enacted in 1969 with the aim of preventing the growth of monopolies and prohibit unfair trade practices, was removed under the NEP1991.
