Economics - Online Test
Q1. In the calendar of planning there are annual plan which are given below except
Answer : Option D
Explaination / Solution:
1956-57 plan is included in the second five year plan (which focusses on increase in industrial production) due to which it is not included in the annual plans.
Q2. One of the two components of government expenditure in the budget are
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Below mention formula is used for calculating
Answer : Option D
Explaination / Solution:
In case of continuous series the median can locate the median class where N/2th item [not (N+1)/2th item] lies. The median can then be obtained as given formula.
Q4. Female worker participation rate in rural areas is
Answer : Option D
Explaination / Solution:
Because in rural areas, poverty compels women to avoid education and seek employment
Q5. Consumption goods are those which are bought to satisfy wants
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. Utility is measured in terms of?
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. During the economic crisis, the World bank and IMF provided India a loan of
Answer : Option A
Explaination / Solution:
During the economic crisis, no country or financial lender was willing to lend to India. So, India approached the International Bank for Reconstruction and Development(IBRD), popularly known as the World Bank and the International Monetary Fund (IMF) and received $7 billion as loan to manage the crisis.
Q8. The balance of payment is a more comprehensive than balance of trade concept. It is
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. The main disadvantage of the standard deviation is
Answer : Option D
Explaination / Solution:
It is very hard for a person to calculate square root and even square of deviations. Formula of standard deviation is very hard to remember.
Q10. In order to meet the growing demand for electricity India needs to add ________ of new capacity whereas at present India is able to add only ______ a year
Answer : Option A
Explaination / Solution:
In order to meet the growing demand for electricity, between 2000 and 2012, India needs to add 1,00,000 MW of new
capacity, whereas, at present, India is able to add only 20,000 MW a year.
