Economics - Online Test
Q1. The per capita forestland in the country is only _______.
Answer : Option B
Explaination / Solution:
The per capita forest land in the country is only 0.08 hectare against the requirement of 0.47 hectare to meet basic needs, resulting in an excess felling of about 15 million cubic metre forests over the permissible limit.
Q2. The fraction of deposits is kept as Cash Reserves by the commercial banks with the
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. Consumer price index is used for …………………
Answer : Option B
Explaination / Solution:
CPI is used as a measure of inflation. A CPI can be used to index the real value of wages, salaries, pensions, for regulating prices
Q4. A firm maximizes its profits just when MR=MC and it is sufficient
Answer : Option C
Explaination / Solution:
No Explaination.
Q5. Planning commission prepared a report regarding education over the next two decades named:
Answer : Option C
Explaination / Solution:
India: Vision 2020 is a report prepared by the Planning Commission as a vision statement and encompasses variuos segments of the country's development.
Q6. How many classes a frequency distribution should have
Answer : Option B
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. Too many classes or too few classes might not reveal the basic shape of the data set, also it will be difficult to interpret such frequency distribution.
Q7. Consequences of deficit financing results in
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. The important factor influencing the propensity to consume in an economy is
Answer : Option A
Explaination / Solution:
No Explaination.
Q9. What was the condition of foreign trade under British rule
Answer : Option B
Explaination / Solution:
Restrictive policies of commodities production , trade and tariff were imposed by the colonial government, it adversely affected the structure, composition and volume of India’s foreign trade.
Q10. A systematic arrangement of data in rows and columns is:
Answer : Option B
Explaination / Solution:
In a tabular presentation, data are presented in rows (read horizontally) and columns (read vertically).
