Economics - Online Test

Q1. APC= 1-APS. It is
Answer : Option D
Explaination / Solution:
No Explaination.


Q2. Which of the following is false regarding Positive effect of British rule was
Answer : Option B
Explaination / Solution:

There were various positive contributions that were made by the British is fales in India though Monopoly on foreign trade was not made with the objective of welfare for Indians but for the British interests.

Q3. Area diagrams are
Answer : Option D
Explaination / Solution:

A shape with only two dimensions (such as width and height) and no thickness are called two dimensional diagrams. Squares, Circles, Triangles, etc are two dimensional objects.

Q4. Which scheme provide adequate an timely support from the banking system to the farmers for their cultivation needs in a flexible manner
Answer : Option B
Explaination / Solution:

KCC stands for Kisan Credit Card scheme in which this card is issued to the farmers who otherwise eligible for short term credit.

Q5. UNDP stands for
Answer : Option B
Explaination / Solution:

The United Nations Development Programme (UNDP) works to eradicate poverty and reduce inequalities through the sustainable development of nations.It provides expert advice, training and grants support to developing countries, with increasing emphasis on assistance to the least developed countries.

Q6. When was Twelfth five year plan started
Answer : Option C
Explaination / Solution:

Twelfth five year plan started in 2012 with an objective to reduce poverty, to improve equality among states and to eliminate gender gaps.

Q7. An example of a direct tax is
Answer : Option D
Explaination / Solution:
No Explaination.


Q8. In case of symmetrical distribution, mean median and mode are
Answer : Option B
Explaination / Solution:

A symmetric distribution is a type of distribution where the left side of the distribution mirrors the right side. In a symmetric distribution, the mean, mode and median all fall at the same point.

Q9. NSSO stands for
Answer : Option C
Explaination / Solution:

The National Sample Survey Office (NSSO) headed by a Director General is responsible for conduct of large scale sample surveys in diverse fields on All India basis. Primarily data are collected through nation-wide household surveys on various socio-economic subjects, Annual Survey of Industries (ASI), etc. Besides these surveys, NSSO collects data on rural and urban prices and plays a significant role in the improvement of crop statistics through supervision of the area enumeration and crop estimation surveys of the State agencies. It also maintains a frame of urban area units for use in sample surveys in urban areas.

Q10. An example of capital goods is
Answer : Option D
Explaination / Solution:
No Explaination.