Economics - Online Test
Q1. Percentiles divide the series into
Answer : Option D
Explaination / Solution:
Percentiles divide the distribution into hundred equal parts, so you can get 99 dividing positions denoted by P1, P2, P3, ..., P99.
Q2. Various factors e which have contributed to Industrial unemployment are (i) Increase in population (ii) Increase in population of urban areas is faster than in rural areas (iii) Growth of cottage small scale industries. Options are
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. An example of semi durable goods is
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. A budget constraint line is a result of?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Foreign exchange reserves mean
Answer : Option B
Explaination / Solution:
Foreign Exchange Reserves refer to the stock of foreign currencies held by the central bank of the country.
Q6. When currency becomes less valuable for the Rest of the world, it is called
Answer : Option B
Explaination / Solution:
Currency's value goes up (or down) if the demand for it goes up more (or less) than the supply does. In the short run this can happen unpredictably for a variety of reasons, having to do with trade flows,speculation, or other factors in the international capital market.
Q7. A measure of relative dispersion is given by the:
Answer : Option A
Explaination / Solution:
Relative measures of dispersion, are also known as coefficients of dispersion, are obtained as ratios or percentages. The coefficient of variation (CV) is the ratio of the standard deviation to the mean (average).
Q8. India is ____ largest producer of wind energy
Answer : Option A
Explaination / Solution:
India is already the world’s fifth largest producer of wind power, with more than 95 per cent investments coming from the private sector.
Q9. A PPC is downward sloping and____________ to the origin. Choose the correct option.
Answer : Option A
Explaination / Solution:
PPFs are normally drawn as bulging upwards or outwards from the origin ("concave" when viewed from the origin), but they can be represented as bulging downward (inwards) or linear (straight), depending on a number of assumptions. A PPF illustrates several economic concepts, such as scarcity of resources, opportunity cost, productive efficiency, allocative efficiency, and economies of scale.
Q10. The difference you find between fixed and variable costs
Answer : Option C
Explaination / Solution:
No Explaination.
