Economics - Online Test
Q1. Increase in money supply, growth in black money and Increase in population are the causes of
Answer : Option D
Explaination / Solution:
Demand pull inflation arises when the aggregate demand in an economy exceeds the aggregate supply. Increase in money supply, growth in black money and increase in population are some of the factors responsible for the increase in aggregate demand.
Q2. APS=
Answer : Option B
Explaination / Solution:
No Explaination.
Q3. What was the percentage of population dependent directly or indirectly on agriculture
Answer : Option A
Explaination / Solution:
About 85 percent of the country’s population lived mostly in villages and derived livelihood directly or indirectly from agriculture.
Q4. A graphical representation of frequency distribution is called a
Answer : Option A
Explaination / Solution:
Histogram is one of the tool of presentation of data. Other options are not used to present data.
Q5. TANWA stands for
Answer : Option A
Explaination / Solution:
TANWA is a project launched in Tamil Nadu with a view to training women in diverse techniques of farming.
Q6. _____ announce its five year plan in 1951. While _____ announced its five year plan in 1956.____ announced its five year plan in 1953.
Answer : Option D
Explaination / Solution:
Five-Year Plans (FYPs) are centralized and integrated national economic programs. The process began with setting up of Planning Commision in March 1950 in pursuance of declared objectives of the Government to promote a rapid rise in the standard of living of the people by efficient exploitation of the resources of the country, increasing production and offering opportunities to all for employment in the service of the community.
Q7. Who is the ex-officio chairman of the planning commission
Answer : Option B
Explaination / Solution:
Prime minister is the ex-officio chairman of planning commission, where the commission has a nominated Deputy Chairman, who holds the rank of a Cabinet Minister.
Q8. One of the objectives of the government budget is
Answer : Option C
Explaination / Solution:
No Explaination.
Q9. ______ is not capable of algebraic treatment
Answer : Option B
Explaination / Solution:
Beside algebraic approach, the median value can be estimated also through graphic presentation of data.
Q10. Those activities which contributes to GNP are called
Answer : Option A
Explaination / Solution:
Gross national product (GNP) is a broad measure of a nation's total economic activity. GNP is the value of all finished goods and services produced in a country in one year by its nationals.
