Economics - Online Test
Q1. When coal is used for electricity generation and electricity is consumed by industries than coal becomes the
Answer : Option B
Explaination / Solution:
Electricity, which is transformed from primary sources such as coal and consumed by industries than coal becomes the Primary source.
Q2. Price determination of a commodity is a subject matter of microeconomics.
Answer : Option A
Explaination / Solution:
Micro economics deals with the behaviour of individual economic units such as consumers and business firm and is concerned with the determination of relative prices of commodities and factors of production.
Q3. The elasticity of supply measures
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. If paired scores occupy the same positions within their own distributions (high with high and low with low)
Answer : Option B
Explaination / Solution:
If high scores on one variable are paired with high scores on other variable and low scores are paired with low scores, correlation will be high and therefore Pearson's r will be high and positive.
Q5. In April 1999 which programme launched
Answer : Option B
Explaination / Solution:
Jawahar Gram Samridhi Yojana (JGSY) is the restructured, streamlined and comprehensive version of the erstwhile Jawahar Rozgar Yojana (JRY). Launched on 1st April 1999, it has been designed to improve the quality of life of the rural poor by providing them additional gainful employment.
Q6. A person who plan and conduct an empirical investigation independently or with the help of others is called _______.
Answer : Option C
Explaination / Solution:
Investigator is a person who tends to solve a problem by planning, organising ,conducting, analysing , and concluding a survey. He/She can collect the data him/herself depending on the size of the population and the objective of the survey.
Q7. India alone accounts for nearly ____ per cent of the world’s total iron-ore reserves
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. M2 includes M1 and
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. When a firm’s TR
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. ____ is the ratio of the price of a certain commodity at the current year to its price at the base year.
Answer : Option C
Explaination / Solution:
No Explaination.
