Economics - Online Test
Q1. A researcher finds the value of correlation coefficient to be .40 between personal income and the number of years of college completed. Based upon this finding he can conclude that
Answer : Option B
Explaination / Solution:
A positive value of correlation coefficient implies that high value of one variable will correspond to a high value of another variable and vice versa.
Q2. The Planning Commission has defined the poverty line on the basis of recommended nutritional requirement of ____ calories per person per day for urban areas
Answer : Option C
Explaination / Solution:
In India, defining a poverty line has been a controversial issue, especially since mid-1970s when the first such poverty line was created by the erstwhile Planning Commission. It wasbased on minimum daily requirement of 2,400 and 2,100 calories for an adult in rural and urban areas, respectively.
Q3. If an investigator is not able to approach a person listed in the sample or a person from the sample refuse to respond is called
Answer : Option D
Explaination / Solution:
Because there will be a lack of response in any of the mentioned cases.
Q4. Which of the following factor not responsible for land degradation
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. Barter system is now replaced by
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. A firm maximizes its profits only when MR=MC
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Cost of living index is known as …………
Answer : Option B
Explaination / Solution:
Cost of living Index also known as the Consumer price index (CPI), measures the average change in retail prices.
Q8. The movement started by national literacy mission is
Answer : Option B
Explaination / Solution:
The National Literacy Mission was started by the Government of India in 1988 with an aim to educate all Indians and make India a 100 percent literate country.
Q9. Mid-point is used to calculate the following except
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. How is rapidly rising population responsible for prise rise in India
Answer : Option A
Explaination / Solution:
No Explaination.
