Economics - Online Test
Q1. Sub-divided bar diagram are also called _____ diagram
Answer : Option C
Explaination / Solution:
It shows different components in a single bar.
Q2. Fish production from inland sources contributes about ____ percent to the total fish production and the balance ___ percent from main sector
Answer : Option D
Explaination / Solution:
India is a major supplier of fish in the world. Fish production from inland sources contributes about 49 percent to the total fish production and the balance 51 percent from main sector.
Q3. Quality life index is prepared by UNDP for how many countries
Answer : Option D
Explaination / Solution:
The Physical Quality of Life Index (PQLI) is an attempt to measure the quality of life or well-being of a country. The value is the average of three statistics: basic literacy rate, infant mortality, and life expectancy at age one, all equally weighted on a 0 to 100 scale.
Q4. IADP stands for
Answer : Option B
Explaination / Solution:
Intensive Agriculture Development program (IADP) was to provide loan for seeds and fertilizers to farmers. Intensive Agriculture Development program was started with the assistance of Ford Foundation.
Q5. Repayment of loan by the govt.
Answer : Option A
Explaination / Solution:
No Explaination.
Q6. X > M > Z shows relationship
Answer : Option B
Explaination / Solution:
A distribution is positively skewed. When Mean> Median>Mode shows relationship.
Q7. The amount of labour that workers are willing to offer corresponding to a particular wage rate called
Answer : Option B
Explaination / Solution:
The labour supply is the total hours (adjusted for intensity of effort) that workers wish to work at a given real wage rate. It is frequently represented graphically by a labour supply curve, which shows hypothetical wage rates plotted vertically and the amount of labour that an individual or group of individuals is willing to supply at that wage rate plotted horizontally.
Q8. Can the net factor income earned from abroad be negative?
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. Which of the following is not true?
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. Sale tax and excise duty are examples of
Answer : Option A
Explaination / Solution:
Sales tax and excise duty are examples of indirect taxes as these are to be paid by the producers or sellers of the commodity but the ultimate burden of the tax rests on the customer.
