Economics - Online Test
Q1. Demand-pull inflation is an inflation that results from an initial ________.
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. The savings function derived from the consumption function c=-a+by is
Answer : Option A
Explaination / Solution:
No Explaination.
Q3. _______ refers to relative distribution of a country’s workforce among various sectors of economic activity
Answer : Option C
Explaination / Solution:
This refers to the aggregate distribution of occupations in society, classified according to skill level, economic function, or social status.
Q4. Time series is the most important format of ______
Answer : Option D
Explaination / Solution:
An arithmetic line graph is also called time series graph. In this graph time (hour, day/date, week, month, year, etc.) is plotted along x-axis and the value of the variable (time series data) along y-axis.
Q5. Rural population needs long term loan
Answer : Option D
Explaination / Solution:
Longer-term agricultural financing is needed for longer-term investments such as better storage facilities, food/commodity processing facilities and equipment/mechanization.
Q6. Gini Index is related to
Answer : Option C
Explaination / Solution:
The Gini index or Gini coefficient is a statistical measure of distribution developed by the Italian statistician Corrado Gini in 1912. It is often used as a gauge of economic inequality, measuring income distribution or, less commonly, wealth distribution among a population. The coefficient ranges from 0 (or 0%) to 1 (or 100%), with 0 representing perfect equality and 1 representing perfect inequality. Values over 1 are theoretically possible due to negative income or wealth.
Q7. HYVP stands for
Answer : Option D
Explaination / Solution:
It was introduced in 1964-65 with a new dimension of agricultural production created in the community development project. HYV of Wheat, Paddy and introduced in selected 100 districts but later on it spread in other area also. The objective of this programme is to adopt HYV for maximum production.
Q8. transfer payment is a
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. A distribution is skewed if Mean , Median , Mode are
Answer : Option C
Explaination / Solution:
This is common for a distribution that is skewed to the similarly, a distribution that is skewed to the typically has a mean smaller than its median and median is smaller than Mode.
Q10. A newly emerging jobs are found mostly in
Answer : Option C
Explaination / Solution:
The service sector produces intangible goods, more precisely services instead of goods, and according to the U.S. Census Bureau, it is comprised of various service industries including warehousing and truck transportation services; information sector services; commodities, securities and other investment services; professional, technical and scientific services; waste management services; health care and social assistance services; and arts, entertainment and recreation services.
