Economics - Online Test
Q1. When a labour does not get employment opportunity despite his willingness to work at the existing wage rate.
Answer : Option D
Explaination / Solution:
A man is unemployed only when he is both without a job or not employed and also desires to be employed.
Q2. An example of consumption goods is
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. The concept of marginal utility was developed by?
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. Main organisation for facilitating globalisation
Answer : Option C
Explaination / Solution:
WTO is expected to establish a rule based trading regime in which nations cannot place arbitrary restrictions on trade. It facilitates international trade through removal of tariff and non tariff barriers.
Q5. Balance of invisibles is the
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. The variance
Answer : Option B
Explaination / Solution:
Since variance is a relative measures which is free from the units in which the values have been expressed, they can be compared even across different groups having different units of measurement.
Q7. At present nuclear energy accounts for only _____ percent of total primary energy consumption
Answer : Option A
Explaination / Solution:
At present, nuclear energy accounts for only 2.4 per cent of total primary energy consumption, against a global average of 13 per cent. This is far too low.
Q8. Normative economics states
Answer : Option C
Explaination / Solution:
Normative economics is a part of economics that expresses value or normative judgements about economic fairness or what the outcome of the economy or goals of public policy ought to be.
Q9. Explicit costs are paid to
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. What is the range of simple correlation coefficient?
Answer : Option B
Explaination / Solution:
Because the correlation between two variables can be negative or positive or no relation
