Economics - Online Test
Q1. Average value of the upper and lower limits
Answer : Option B
Explaination / Solution:
The mid-points of the class interval is obtained by calculating the mean of the lower and the upper limits of the intervals.The mid-points of class-intervals of various class group are called mid-values. MV= (Lower limit + Upper limit) / 2.
Q2. Debtor _____ while creditors ____ during inflation
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. The level of equilibrium income is determined by
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Life expectancy during colonial period was
Answer : Option B
Explaination / Solution:
Life expectancy in India was 32 years at the time of independence in 1947.
Q5. Frequency curve
Answer : Option C
Explaination / Solution:
Data in the form of grouped frequency distributions are generally represented by frequency diagrams like histogram, frequency polygon, frequency curve and ogive.
Q6. SHG was introduced in
Answer : Option B
Explaination / Solution:
In 1991-92 NABARD started promoting self help groups on a large scale.
Q7. All production unit engaged in transforming one good into another is called
Answer : Option D
Explaination / Solution:
Secondary sector takes raw materials and converts them into finished products.
Q8. When was Planning commission established
Answer : Option C
Explaination / Solution:
The Planning commission was set up in march 1951 with Jawaharlal Nehru as its Chairman. It was set up to bring economic stability.
Q9. One of the other two components of government expenditure in the budget are
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. There are three Quartiles
Answer : Option D
Explaination / Solution:
Quartiles are the measures which divide the data into four equal parts, each portion contains equal number of observations. Thus, there are three quartiles, Q1,Q2and Q3.
