Economics - Online Test
Q1. Can the net indirect taxes be negative?
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. The slope of price line throughout its length?
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. Steps taken towards liberalisation
Answer : Option C
Explaination / Solution:
To liberalise the Indian economy, industrial licensing was abolished, many industries reserved for the public sector were dereserved and import licensing was also abolished in most industries.
Q4. If exchange rate increases, this will make
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. The variance can never be
Answer : Option B
Explaination / Solution:
It is a square of standard deviation and square of anything is non negative.
Q6. GBD stands for
Answer : Option A
Explaination / Solution:
Global Burden of Diseases (GBD) is an indicator used by experts to gauge the number of people dying prematurely due to a particular disease as well as the number of years spent by them in a state of ‘disability’ owing to the disease.
Q7. Microeconomics studies the behaviour of
Answer : Option D
Explaination / Solution:
The term Micro Economics is derived from the Greek work “Mikros” which means “Small”. Micro economics gives a detailed analysis of one part of the economy or society. It studies the behaviour of individual units of the economy, such as households, firms, industries and markets.
Q8. AVC, AFC & ATC are related in a way that
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. A perfect negative correlation is signified by
Answer : Option C
Explaination / Solution:
When there is perfect negative correlation, the value of correlation coefficient will be -1.
Q10. Under the Food for work programme the wages to the workers can be paid in
Answer : Option A
Explaination / Solution:
National Food for Work Programme was launched in 14th November 2004 in 150 most backward districts of the country, identified by the Planning Commission in consultation with the Ministry of Rural Development and the State Governments. The objective of the programme was to provide additional resources apart from the resources available under the Sampoorna Grameen Rozgar Yojana (SGRY) to 150 most backward districts of the country so that generation of supplementary wage employment and providing food security through creation of need based economic, social and community assets in these districts are further intensified.
