Economics - Online Test
Q1. Railways were introduced in India in
Answer : Option C
Explaination / Solution:
The British government introduced the railways in India in 1850.
Q2. A component part chart can be presented in the form of
Answer : Option B
Explaination / Solution:
Component bar diagrams are suitable for data having different components. Similarly, Circles also can be used to present component data by sub dividing the circle and preparing pie chart.
Q3. A shift from crop farming to other areas of productive activity with a view to raising income known as
Answer : Option B
Explaination / Solution:
Diversification of production is the one aspect of agriculture diversification.
Q4. Per Capita GNI means
Answer : Option C
Explaination / Solution:
GNI per capita - Gross national income (GNI) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad
Q5. Match the following. options are as follows
Answer : Option B
Explaination / Solution:
Industries Act was established in the year 1951 for the regulation and development of certain industries. Monopolies and Restrictive Trade Practices act aims to prevent concentration of economic power, provide for control of monopolies, and protect consumer interest. FERA was established to conserve the foreign exchange resources of the country.
Q6. Public expenditure can be planned and unplanned
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. Which of the following is not a characteristic of the mean?
Answer : Option C
Explaination / Solution:
Mean commonly used measure of central tendency not a number that tells the position of something in a list.
Q8. Indian agriculture ensures employment for only 7-8 months and for the remaining period labourers remains unemployed. It is called
Answer : Option C
Explaination / Solution:
The Seasonal Unemployment means the demand for a specific kind of work and workers change with the change in the season.
Q9. Can the change in inventories be in positive?
Answer : Option A
Explaination / Solution:
No Explaination.
Q10. When the total utility is increasing at an increasing rate, marginal utility is___________?
Answer : Option C
Explaination / Solution:
No Explaination.
