Economics - Online Test
Q1. An indifference curve is always?
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. When expenditure is more than income
Answer : Option D
Explaination / Solution:
When expenditure is more than income, the excess is known as deficit.
Q3. Nominal exchange rate is the price of
Answer : Option B
Explaination / Solution:
The nominal exchange rate is defined as the number of units of the domestic currency that can purchase a unit of a given foreign currency. A decrease in this variable is termed nominal appreciation of the currency.
Q4. The heights in cm of a group of first year biology students were recorded. The variance of these heights was subsequently calculated. The unit of measurement for this variance is:
Answer : Option B
Explaination / Solution:
As the variance is mean of sum of square deviation so unit will be in squared cm.
Q5. Out of 65 percent of total energy consumption of commercial energy in India which of its source has largest share of consumption
Answer : Option D
Explaination / Solution:
India produces nearly 90 percent of its energy requirements, 65 percent of which are met by coal.
Q6. What is the other name for opportunity cost in economics
Answer : Option B
Explaination / Solution:
Opportunity Cost is also known as Economic Opportunity Loss and it is the highest value alternative forgone. Moreover, Real cost is the fixed cost, which you have paid and therefore, opportunity cost is not a real cost.
Q7. Revenue for a firm is
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Correlation coefficient is independent of change of
Answer : Option D
Explaination / Solution:
By change of scale we mean that all values of X and y series are multiplied or divided by some constant.by change of origin we mean that a constant is subtracted from all values of x and y series if the scale and origin of X and y series are changed the value of r remain unchanged
Q9. VAMBAY stands for
Answer : Option B
Explaination / Solution:
VAMBAY stands for “Valmiki Ambedkar Aawas Yojna”. It is a central govt. sponsored programme for the slum dwellers living in different towns and cities all over the country. The central govt. provides the funds for construction. Integrated with the above programme is another central govt. scheme i.e. Nirmal Bharat Abhiyan, a programme aimed at providing basic toilet facilities to the urban poor at a bare minimal cost.
Q10. Which of the following is not an international organization?
Answer : Option D
Explaination / Solution:
It is The apex banking isntitution of India.
