Economics - Online Test
Q1. Positive economics states
Answer : Option A
Explaination / Solution:
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena.
Q2. Money costs mean
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Formula for calculating correlation from the assumed mean method is
Answer : Option B
Explaination / Solution:
This is the correct formula to calculate Karl Pearson's correlation coefficient. It will take a value ranging from -1 to +1. Positive values of correlation coefficient indicate positive relationship between the two variables, while negative values are indicative of a negative relationship.
Q4. Which among the following schemes was started in the year 2000 for the indigent senior citizens?
Answer : Option D
Explaination / Solution:
he "Annapurna Scheme" had been announced by the Finance Minister in his Budget Speech for the year 1999-2000 to provide food security to those indigent senior citizens who are not covered under the targeted Public Distribution System (PDS) and who have no income of their own. Through the new "Annapurna" scheme, it is intended to provide 10 kgs. of foodgrains per month free of cost to all such person who are though eligible for old age pension under NOAPS, are presently not receiving it.
Q5. Under which method investigator prepare a questionnaire keeping in view the objective of enquiry?
Answer : Option D
Explaination / Solution:
It is done to make the questions easy, simple, and understandable so that the informant can answer without any help.
Q6. A UN Conference on Climate Change, held in _____ in 1997, resulted in an international agreement to fight global warming which called for reductions in emissions of greenhouse gases by industrialised nations
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. Which of the following is the condition for equilibrium of a firm?
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. Open market operations is
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. ________is the index showing changes in the Indian stock market
Answer : Option B
Explaination / Solution:
Initially compiled in 1986, the Sensex is the oldest stock index in India. Sensex is the index showing changes in the Indian stock market
Q10. Human capital is investment that brings
Answer : Option B
Explaination / Solution:
Quality of the labour force is more important than the quantity. Educated and healthy labour force can contribute better to the development of the nation.
