Economics - Online Test
Q1. Base year in an index number should be an year in which theses are
Answer : Option D
Explaination / Solution:
The base year for any index number is routinely updated. That year in which there are Minimum cyclical fluctuations.
Q2. It is an apex body which provides academic and technical support for qualitative improvement of school education
Answer : Option B
Explaination / Solution:
The National Council Of Educational Research and Training was established in 1961 by the Government of India to assist and advise the Central and State Governments on qualitative improvement in school education.
Q3. A good classification should have
Answer : Option A
Explaination / Solution:
A Comprehensive Data Definition refers to a formal data definition that provides a complete, meaningful, easily read, readily understood definition explaining the content and meaning of data.
Q4. If the price of the commodity falls by 10 % and consequently the quantity supplied rises by 20 %, then the elasticity of supply will be
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. At the time ho inflation expenditure on defence should be
Answer : Option C
Explaination / Solution:
No Explaination.
Q6. The coefficient (1-b) is also known as
Answer : Option C
Explaination / Solution:
No Explaination.
Q7. India on the eve of independence was
Answer : Option A
Explaination / Solution:
During the British period, Indian economy remained almost stagnant, the average annual growth rate of per capita income in India was not more than 0.5%.
Q8. Squares are ______ dimensional diagrams
Answer : Option B
Explaination / Solution:
An area chart or area graph displays graphically quantitative data. It is based on the line chart . The area between axis and line are commonly emphasized with colors, textures and hatchings. Commonly one compares with an area chart two or more quantities.
Q9. Development of rural marketing relates to
Answer : Option D
Explaination / Solution:
Agricultural marketing includes all these processes between harvesting and final sale of the produce by the farmers.
Q10. For meaningful comparison common price level base is used because
Answer : Option D
Explaination / Solution:
A price level is the average of current prices across the entire spectrum of goods and services produced in the economy. In a more general sense, price level refers to any static picture of the price of a given good, service or tradable security. Price levels may be expressed in small ranges, such as ticks with securities prices, or presented as a discrete value.
