Economics - Online Test
Q1. The normative economic analysis deals with the variables
Answer : Option A
Explaination / Solution:
Normative economic analysis refers to the analysis in which we study whether a particular mechanism is desirable or not. In this analysis, we study what ought to be the desired situation or in what ways the economic problems should be solved. In other words, it is concerned with what should be and what should not be, and what is desirable and what is not?
Q2. Diagrammatically AC has a U shape. The statement is
Answer : Option C
Explaination / Solution:
No Explaination.
Q3. If all the plotted points form a straight line from lower left hand corner to the upper right hand corner then there is
Answer : Option B
Explaination / Solution:
A line from lower left hand corner to the upper right hand corner indicates perfect positive correlation with the value of r equal to 1.
Q4. Poverty line vary in rural and urban areas
Answer : Option A
Explaination / Solution:
India's current official poverty rates are based on its Planning Commission's data derived from so-called Tendulkar methodology. It defines poverty not in terms of annual income, but in terms of consumption or spending per individual over a certain period for a basket of essential goods. Further, this methodology sets different poverty lines for rural and urban areas.
Q5. An enquiry in which each unit of the universe is studied is called _______.
Answer : Option D
Explaination / Solution:
This method is popularly known as Census Method used for collecting data from each and every unit of the population.
Q6. The _______ emphasises on protecting the future generation.
Answer : Option B
Explaination / Solution:
The Brundtland Commission emphasises on protecting the future generation. This is in line with the argument of the environmentalists who emphasise that we have a moral obligation to hand over the planet earth in good order to the future generation; that is, the present generation should bequeath a better environment to the future generation. At least we should leave to the next generation a stock of ‘quality of life’ assets no less than what we have inherited.
Q7. One of the functions of Central Bank among the following is
Answer : Option C
Explaination / Solution:
No Explaination.
Q8. The base year for index numbers should be…………..
Answer : Option B
Explaination / Solution:
The base year for any index number is routinely updated. That year in which there are Minimum cyclical fluctuations
Q9. Secondary level education for age group
Answer : Option A
Explaination / Solution:
In India, the secondary level education comprises of students between the age groups of 12 to 18 which includes classes 6 to 12.
Q10. Which of the following is false regarding discrete series
Answer : Option D
Explaination / Solution:
Discrete data is information that can be categorized into a classification. Discrete data is based on counts. Only a finite number of values is possible, and the values cannot be subdivided meaningfully.
