Economics - Online Test
Q1. If domestic autonomous demand increases by 100, in a open economy output will increase by
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Quartile deviation is calculated by
Answer : Option D
Explaination / Solution:
Quartile deviation or Semi-interquartile range is one-half the difference between the first and the third quartiles. (QD = Q3-Q1/2)
Q3. In the programme ‘Partnership in excellence’ how many stations have been taken up for improving the efficiency
Answer : Option A
Explaination / Solution:
The Ministry of Power has launched the 'Partnership in Excellence' programme. In this 26 thermal stations (with PLF less than 60%) have been taken up for improving the efficiency.
Q4. One of the characteristics of economic resource is scarcity. Which is the other?
Answer : Option D
Explaination / Solution:
Economic resources are the assets which an economy may have available to supply and produce goods and services to meet the ever changing needs and wants of individuals and society as a whole.
Q5. Cost function shows
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. If r is near to zero (i.e.) 0.1,-0.1, (or) 0.2 there is
Answer : Option A
Explaination / Solution:
As the range of correlation is 0 to 1(less to high degree correlation)
Q7. By which year governments are aiming to meet the Millennium Development Goals including halving the rate of global poverty?
Answer : Option A
Explaination / Solution:
The Millennium Development Goals (MDGs) are the world's time-bound and quantified targets for addressing extreme poverty in its many dimensions-income poverty, hunger, disease, lack of adequate shelter, and exclusion-while promoting gender equality, education, and environmental sustainability.
Q8. One of the drawbacks of the Direct personal investigation method is ______.
Answer : Option C
Explaination / Solution:
Here, the investigator himself visits the persons those are source of the data and collects necessary information either through interview with the persons concerned or through observation of the data on the spot due to which this method is costly as well as time taking.
Q9. Factor contributing to global warming
Answer : Option D
Explaination / Solution:
Burning of coal and petroleum products are source of gases like carbon dioxide, methane , nitrous oxide and ozone.Presence of all these gases in atmosphere causes global warming.
Q10. When ___________, the firms are earning just normal profit:
Answer : Option A
Explaination / Solution:
No Explaination.
