Economics - Online Test
Q1. Average cost is derived by
Answer : Option B
Explaination / Solution:
No Explaination.
Q2. If two variables oppose each other then the correlation will be
Answer : Option A
Explaination / Solution:
Negative correlation implies that high value of one variable will correspond to a low value of another variable and vice versa.
Q3. ____ it is a cut off point on the line of distribution which divides the population into poor and non-poor
Answer : Option B
Explaination / Solution:
A minimum income level used as an official standard for determining the proportion of a population living in poverty is called poverty line.
Q4. Some notable questions should be borne in mind while dealing with the secondary data except
Answer : Option D
Explaination / Solution:
Because an investigator will not want a data full of pitfall and dificulties.
Q5. India supports approximately _____ per cent of the world’s human and ______ per cent of livestock population on a mere 2.5 per cent of the world’s geographical area
Answer : Option B
Explaination / Solution:
No Explaination.
Q6. The fraction of deposits kept as Cash Reserves by the commercial banks with themselves is called
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. The industrial development of a country is reflected by ……………
Answer : Option C
Explaination / Solution:
The index number of industrial production measures changes in the level of industrial production comprising many industries.
Q8. ICMR regulate the
Answer : Option D
Explaination / Solution:
The Indian Council of Medical Research is the apex body in India for the formulation, coordination and promotion of medical research and health aspects.
Q9. If the price of the commodity falls by 10% and consequently the quantity supplied decreases by 20 %, then the elasticity of supply will be
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Arrangement of data according to some logical order is termed as
Answer : Option C
Explaination / Solution:
When the data is presented in some specific order and sequence it is called as a statistical series. An ordered sequence of data samples in numerical form used to predict or demonstrate trends through time and space is called statistical series
