Economics - Online Test
Q1. Tap water availability is limited to only ____ percent of rural households about _____ percent of population drinks water from open source
Answer : Option A
Explaination / Solution:
Tap water availability is limited to only 24 per cent rural households. About 76 per cent of the population drinks water from open sources such
as wells, tanks, ponds, lakes, river , canals, etc.
Q2. The basic assumption regarding resources while drawing a PPC is
Answer : Option B
Explaination / Solution:
Since human wants are unlimited and the means to satisfy them are limited, every society is faced with the fundamental problem of choosing and allocating its scarce resources among alternative uses. The production possibility curve or frontier is an analytical tool which is used to illustrate and explain this problem of choice.
Q3. opportunity cost is the
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. If cov(x,y) = 0 then
Answer : Option C
Explaination / Solution:
As correlation is zero, the variables are not related with each other
Q5. Five state account for 70% of India’s poor which of the following is not one of them
Answer : Option B
Explaination / Solution:
Kerala is having a high rank in percentage of people below poverty line. The rank is calculated according to the percentage of people below poverty-line and is based on MRP-consumption.
Q6. ________ are those which are already in existence and which might be collected for some purpose other than the answering of the question in hand.
Answer : Option D
Explaination / Solution:
The organisation's objective of collecting the data may be different from the objective of the one who is using that data.
Q7. UV radiation seems responsible for (i) Skin cancer in humans (ii) Lower production of phytoplankton (iii) Influence the growth of terrestrial plants (iv) Decrease in cattle production. Options are
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. The break- even point is only where MR=MC
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. The lender of last resort is a function of
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. ____ mean importance assigned to different commodities included in the index
Answer : Option B
Explaination / Solution:
The term weight refers to the relative importance of the different items in the construction of index numbers.
