Economics - Online Test
Q1. First stage of education is up to
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. Cumulative frequency distribution records frequencies on
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Printing new notes, huge rise in consumer’s spending due to growing population is an example of
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. The coefficient (1-b) measures the
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. What was the condition of agriculture at the time of independence
Answer : Option D
Explaination / Solution:
India’s economy under the British colonial rule remained fundamentally agrarian. The main cause of the low productivity of agricultural sector and the new land tenure that was introduced by British rulers in India.
Q6. The sum of frequencies for all classes will always equal
Answer : Option B
Explaination / Solution:
If we collect the marks of 50 students in a test of 100 marks paper, we can present the data in the form of frequency distribution, marks can be shown as 10-20, 20-30, etc and corresponding frequencies will be number of students. If we do the total of frequencis we will get 50 students which is nothing but a number of elements in a data set.
Q7. Rural development implies
Answer : Option D
Explaination / Solution:
Rural development is the process of improving the quality of life and economic well-being of people living in rural areas, often relatively isolated and sparsely populated areas.
Q8. Land area determine
Answer : Option A
Explaination / Solution:
Land area gives how much quantity of crop can be produce with a given land.
Q9. The need for planning emerges from the following weakness of the free market system
Answer : Option A
Explaination / Solution:
In a free market the prices are reguated themselves. Supply and demand will reach the point of equilibrium where the most money will be made. However, what is best for the company is not necessarily what is best for the people. Therefore, to earn more profits companies exploit workers, which creates instability and inequality in economy.
Q10. Revenue Receipts
Answer : Option B
Explaination / Solution:
No Explaination.
