Economics - Online Test
Q1. Unemployment in rural areas can be divided into :
(I) Seasonal Unemployment
(II) Disguised unemployment
(III) Industrial unemployment.
(I) Seasonal Unemployment
(II) Disguised unemployment
(III) Industrial unemployment.
Answer : Option A
Explaination / Solution:
Rural unemployment can be further classified into disguised and seasonal unemployment. Disguised unemployment is a a situation in which the number of workers engaged a job becomes much more than is actually required to complete it. Seasonal unemployment is an elevated level of unemployment that is expected to occur at certain parts of the year.
Q2. Can the net indirect taxes be positive?
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. The doctrine of consumer’s surplus is based on?
Answer : Option C
Explaination / Solution:
No Explaination.
Q4. Agreement made between more than two nations regarding exchange of goods and services
Answer : Option B
Explaination / Solution:
Multilateral trade agreements are commerce treaties between more than two nations. The agreements reduce tariffs and make it easier for businesses to import and export.
Q5. A source of supply of foreign exchange is
Answer : Option C
Explaination / Solution:
When price of a foreign currency rises, domestic goods become relatively cheaper. It induces the foreign country to increase their imports from the domestic country
Q6. Calculate coefficients of M.D from Mean
Answer : Option B
Explaination / Solution:
No Explaination.
Q7. Which two type of sources of energy are encouraged by policy makers
Answer : Option A
Explaination / Solution:
India’s energy policy encourages two energy sources — hydal and wind
Q8. As they see Opportunity cost means
Answer : Option A
Explaination / Solution:
Opportunity cost, also known as alternative cost, is the value (not a benefit) of the choice of a best alternative cost while making a decision. A choice needs to be made between several mutually exclusive alternatives; assuming the best choice is made, it is the "cost" incurred by not enjoying the benefit that would have been had by taking the second best available choice.
Q9. The relationship between AC & MC is
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. If the plotted points in the plane form a band and they show a rising trend from the lower left hand corner to the upper right hand corner, then there is
Answer : Option A
Explaination / Solution:
A band showing a rising trend from left to right indicates a close positive relationship and thus there is high positive correlation.
