Economics - Online Test
Q1. Who was the first to use the concept of poverty line in India
Answer : Option C
Explaination / Solution:
The history of poverty estimation in India goes back to 19th century when Dadabhai Naoroji’s efforts and careful study led him to conclude subsistence based poverty line at 1867-68 prices, though he never used the word “poverty line”. It was based on the cost of a subsistence diet consisting of ‘rice or flour, dhal, mutton, vegetables, ghee, vegetable oil and salt’.
Q2. Collection of data includes ________.
Answer : Option A
Explaination / Solution:
In statistics, collection of data have two dimensions. ie; collection of data from informants and the method of collecting it. here source means the population or the informants and methods are questionnair, telephonic interview, information through correspondence etc.
Q3. Ozone depletion refers to the phenomenon of reductions in the amount of ozone in the
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. In perfect competition, since the firm is a price taker, the ________ curve is straight line
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. Open market operations is done by
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. In Laspear’s Index number _____ year quantities are used
Answer : Option D
Explaination / Solution:
The Laspeyres price index is an index formula used in price statistics for measuring the price development of the basket of goods and services consumed in the base period.
Q7. Role of human capital formation in economic growth
Answer : Option D
Explaination / Solution:
Human capital is productive only when it is educated, healthy and willing to learn new skill sets. All of these lead to economic growth and are therefore important.
Q8. An open-end class is the class which lacks
Answer : Option B
Explaination / Solution:
If, in a frequency distribution, the initial class interval is indeterminate at its beginning and/or the final class interval is indeterminate at its end, the distribution is said to possess “open ended” classes. A class has either no lower class limit or no upper class limit in a frequency table is called an open-end class.
Q9. Following are the reasons of cost-push inflation except
Answer : Option B
Explaination / Solution:
No Explaination.
Q10. The level of equilibrium income is also determined by
Answer : Option C
Explaination / Solution:
No Explaination.
