Economics - Online Test
Q1. Orderly arrangement of data ultimately takes the shape of a
Answer : Option D
Explaination / Solution:
A frequency distribution is a table that displays the frequency of various outcomes in a sample. Each entry in the table contains the frequency or count of the occurrences of values within a particular group or interval, and in this way, the table summarizes the distribution of values in the sample.
Q2. Indicator which is used to measure inflation in India
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. If income is Rs 1000 and consumption expenditure is Rs 1200, APS will be
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. Reason behind the decay of handicrafts industry in India was
Answer : Option B
Explaination / Solution:
The Indian handicrafts that had made the country famous, collapsed under the colonial rule due to discriminating policy of colonial rules.
Q5. An ideal table should consist of the following main parts except
Answer : Option C
Explaination / Solution:
Salutation is not a part of table. It is a part of latter. For example Dear Sir, Respected Madam, etc.
Q6. Rural population need short term loans
Answer : Option B
Explaination / Solution:
Short-term credit need relates basically to the purchase of inputs.
Q7. China is emerging ____ largest economy in the world in terms of its GDP size
Answer : Option B
Explaination / Solution:
China today cut its GDP growth target to 6.5 per cent in 2017, a 25-year low, as the world's second largest economy braced for further slowdown with Premier Li Keqiang warning of a far more complicated global picture in the year ahead.The size of a nation's economy is commonly expressed as its gross domestic product, or GDP, which measures the value of the output of all goods and services
Q8. The basic problem the Indian economy is facing is shortage of
Answer : Option C
Explaination / Solution:
Scarcity of resources is one of the basic problems faced by Indian economy. Man made resources is the basic problem faced by economy.
Q9. Perspective plan is
Answer : Option C
Explaination / Solution:
It refers to long-term planning in which long range targets are set in advance for a period of 15, 20, or 25 years.
Q10. Disinvestment is a
Answer : Option D
Explaination / Solution:
No Explaination.
