Economics - Online Test
Q1. M1 includes
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. When a firm’s TR>TC, it does not earn maximum profits
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. In index numbers, price in the base year is denoted by ………..
Answer : Option D
Explaination / Solution:
p0 indicate the price of the commodity in the base period, Symbolically p0 prices of base year
Q4. According to India Vision report 2020, _____ percent literate India is paramount importance to realise the vision for the country in 2020
Answer : Option A
Explaination / Solution:
The Vision India Document envisages a 100% literacy rate to make India a developed country.
Q5. The frequency distribution of two variables is known as
Answer : Option C
Explaination / Solution:
Bivariate distribution is the combined probability distribution of two randomly different variables. Normally, these can be plotted graphically on x and y axes so their relationship can be analyzed and any relevant causal effect can be identified. This type of data analysis is useful in risk management.
Q6. To check rise in prices or inflation following measures are suggested except
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. In S= -a+ (1-b) Y, -a represents
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. What does the export surplus mean?
Answer : Option A
Explaination / Solution:
The amount by which the value of a country's exports exceeds that of its imports.
Q9. To represents two or more factors simultaneously the following diagram is used
Answer : Option B
Explaination / Solution:
Multiple bar diagrams are prepared by drawing two or more single bars corresponding to each year.
Q10. Which of the following is false regarding SHG’s
Answer : Option B
Explaination / Solution:
It is introduced in 1992.
