Economics - Online Test
Q1. Indirect tax is a tax whose
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Following are the partition values except
Answer : Option C
Explaination / Solution:
The mode of a set of data is the value in the set that occurs most often.
Q3. Which one of the following activities can be included in the primary sector?
Answer : Option B
Explaination / Solution:
The industries engaged in production or extraction of natural resources such as crops, oil and ores can be termed as primary sector.
Q4. In intermediate goods
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. Consumer’s equilibrium means?
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. IBRD stands for
Answer : Option A
Explaination / Solution:
IBRD stands for International Bank for Reconstruction and Development, and is popularly known as the World Bank. It was established in 1944 with the mission of financing the reconstruction of European Nations devastated by the World War II.
Q7. To buy domestic or foreign goods, the more relevant is
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. What would happen to the variance of a data set if we added 5 to every observation?
Answer : Option D
Explaination / Solution:
variance is unaffected due to change of origin.
Q9. It is propensity to fall ill .It affects your work by making you temporarily disabled
Answer : Option D
Explaination / Solution:
In adequate infrastructure can have multiple adverse effects on health. Improvements in water supply and sanitation have a large impact by reducing morbidity.
Q10. In a market economy, the central problems are solved by
Answer : Option D
Explaination / Solution:
To solve the problems through market or price mechanism ie., what goods are to be produced and what quantities, which methods for production are to be employed for the production of goods and how the output is to be distributed, should be decided by the free play of the forces of demand and supply.
