Economics - Online Test
Q1. Ozone depleting chemicals such as carbon tetrachloride, trichloroethane (also known as methyl chloroform), and bromine compounds known as
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. The break- even point where TR=TC, the firm cannot earn abnormal profits
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. Cash reserve ratio is a percentage of total deposits which the central bank keeps with the commercial banks by law.
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. ____ are specialized type of averages
Answer : Option D
Explaination / Solution:
An index number is a specialised type of average. An average is a single figure representing a group of figures. Averages are used to compare two or more series as they represent their central tendencies.
Q5. Physical capital refers to
Answer : Option D
Explaination / Solution:
Physical capital refers to man-made goods that help in the production process. It is one of the four main factors of production. Examples of physical capital are plant and machinery, buidings, computers, etc
Q6. Which number of tally bar will cross out all previous tallies
Answer : Option B
Explaination / Solution:
Tally marks are a quick way of keeping track of numbers in groups of five. One vertical line is made for each of the first four numbers; the fifth number is represented by a diagonal line across the previous four.
Q7. Higher indirect taxes cause due to
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. APS= 1+APC. It is
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. What do you mean by infant mortality rate?
Answer : Option C
Explaination / Solution:
The infant mortality rate is the number of deaths under one year of age occurring among the live births in a given geographical area during a given year, per 1,000 live births occurring among the population of the given geographical area during the same year.
Q10. Which of the following is a type of bar diagram?
Answer : Option B
Explaination / Solution:
Component bar diagrams or charts , also called subdiagrams, are very useful in comparing the sizes of different component parts (the elements or parts which a thing is made up of) and also for throwing light on the relationship among these integral parts. For example, sales proceeds from different products, expenditure pattern in a typical Indian family (components being food, rent, medicine, education, power, etc.), budget outlay for receipts and expenditures, components of labour force, population etc. Component bar diagrams are usually shaded or coloured suitably.
