Economics - Online Test
Q1. Capital Expenditure
Answer : Option C
Explaination / Solution:
No Explaination.
Q2. --- is the half distance between the third and first quartiles
Answer : Option A
Explaination / Solution:
Quartile Deviation (QD) means the semi variation between the upper quartiles (Q3) and lower quartiles (Q1) in a distribution. The formula is Q3 - Q1/2.
Q3. _____ is the highest economic activity while _____ is that of the lowest economic activity
Answer : Option A
Explaination / Solution:
A boom is a period of rapid economic expansion resulting in higher GDP, lower unemployment and rising asset prices. Booms usually suggest the economy is overheating creating inflationary pressures. Many economic booms have been followed by a bust – economic recession or downturn. A depression is an economic downturn that is longer lasting and more severe than the more frequently occurring recessions.
Q4. Can the change in inventories be in negative?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Total utility is maximum when?
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. Which of the following is an example of direct tax
Answer : Option A
Explaination / Solution:
Corporation tax is a direct tax which is imposed on the net income of the company.
Q7. When price of a foreign currency rises its supply also rises.
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. The numerical value of the standard deviation can never be
Answer : Option C
Explaination / Solution:
As it is calculated from sum of squared deviations which can never be negative.
Q9. Which project was launched in 2004
Answer : Option A
Explaination / Solution:
IDPS is an attempt of an impact of development projects on the internally displaced populations in India.
Q10. The positive economic analysis deals with the variables
Answer : Option B
Explaination / Solution:
Positive economics is the branch of economics that concerns the description and explanation of economic phenomena. It focuses on facts and cause-and-effect behavioral relationships and includes the development and testing of economics theories.
