Economics - Online Test
Q1. ____ attempted to give more freedom to the entrepreneurs.
Answer : Option A
Explaination / Solution:
Liberalisation abolished industrial licensing under which every entrepreneur had to get permission from government officials to start a firm, close a firm or to decide the amount of goods that could be produced.
Q2. Balance of visibles is the
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. The inter quartile range
Answer : Option D
Explaination / Solution:
In descriptive statistics, the interquartile range (IQR), also called the midspread or middle 50%, or technically H-spread, is a measure of statistical dispersion, being equal to the difference between 75th and 25th percentiles, or between upper and lower quartile. IQR = Q3 − Q1
Q4. The census 2001 shows that in rural India only _____ percent households have an electricity connection and ___ percent still use Kerosene
Answer : Option B
Explaination / Solution:
The census 2001 shows that in rural India only 56 per cent households have an electricity connection and 43 per cent still use kerosene.
Q5. An individual in economics is
Answer : Option A
Explaination / Solution:
The decision Making Unit is a collection or team of individuals who participate in a buyer decision process.
Q6. Implicit costs are
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Which method of measuring correlation measures any type of relationship?
Answer : Option B
Explaination / Solution:
Only karl Pearson method shows relation between two variables and spearman correlation shows ordinal aspects of the variables
Q8. Those who regularly move in and out of poverty like small farmers are called
Answer : Option A
Explaination / Solution:
Churning poor are those who regularly move in and out of the poverty line. It is a sub classification of transient poor. Transient poor includes the people who keeps on floating on the poverty line. If these people get the employment, they will move above the poverty line.
Q9. Which of the following is true regarding secondary source of data?
Answer : Option A
Explaination / Solution:
When the data is collected by an individual or an organisation and another individual or organisation use that data , this data will termed as secondary data. The objective of collection may vary amongst the investigating and using organisation.
Q10. The problem of ozone depletion is caused in the stratosphere by high levels of compounds
Answer : Option C
Explaination / Solution:
The problem of ozone depletion is caused by high levels of chlorine and bromine compounds in the stratosphere.The origins of these compounds are chlorofluorocarbons (CFC), used as cooling substances in airconditioners and refrigerators, or as aerosol propellants, and bromofluorocarbons (halons), used in fire extinguishers.
