Economics - Online Test
Q1. The study of general price level is a macroeconomic study. This statement is
Answer : Option D
Explaination / Solution:
Macro economics is concerned with variables as the aggregate volume of output of an economy, with extent to which resources are employed, with the size of national income and with general price level.
Q2. A supply schedule is best defined as
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. Which of the following indicates the strongest relationship?
Answer : Option C
Explaination / Solution:
The highest score shows high degree of correlation. It can be positive or negative.
Q4. Yojna whose aim was to construct and upgrade the dwelling units for the slum dwellers
Answer : Option D
Explaination / Solution:
VAMBAY stands for “Valmiki Ambedkar Aawas Yojna”. It is a central govt. sponsored programme for the slum dwellers living in different towns and cities all over the country. The central govt. provides the funds for construction. Integrated with the above programme is another central govt. scheme i.e. Nirmal Bharat Abhiyan, a programme aimed at providing basic toilet facilities to the urban poor at a bare minimal cost.
Q5. What are the qualities that a good questionnaire should have
Answer : Option A
Explaination / Solution:
Following are the qualities of a good questionnaire;
- Brief and Limited Questions
- Simple and Clear
- Unambiguous Questions
- No Personal Questions
- Avoidance of Calculations
- Sequence of the Questions
- Pre-testing
- Instructions
- Cross Examination
Q6. The Chipko Movement, which aimed at protecting forest in the
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. One of the type of deposit accounts with the commercial banks is
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. When a firm’s TR>TC, it earns normal profit and abnormal profits
Answer : Option B
Explaination / Solution:
No Explaination.
Q9. Index numbers helps in …………….
Answer : Option D
Explaination / Solution:
Index numbers possess much practical importance in measuring changes in the cost of living, production trends, trade, policy formation, income variations, etc.
Q10. Following states have high literacy rate except
Answer : Option C
Explaination / Solution:
Rajasthan has a literacy rate of 66.11 percent as of the 2011 census and is the least when compared t o Kerala, Delhi and Mizoram.
