Economics - Online Test
Q1. PSU is
Answer : Option C
Explaination / Solution:
PSU stands for Public Sector Undertaking. These are also known as Public Sector Enterprises. It is the name given to the state owned enterprises in India.
Q2. Foreign exchange means
Answer : Option C
Explaination / Solution:
No Explaination.
Q3.
Compute Mean deviation from mean and median from the following data:
Answer : Option D
Explaination / Solution:
No Explaination.
Q4. Compact fluorescent lamp (CFL) consumes ______ percent less power than ordinary bulb
Answer : Option D
Explaination / Solution:
According to the Bureau of Energy Efficiency (BEE), CFLs consume 80 percent less power as compared to ordinary bulbs.
Q5. A Production Possibility Frontier shifts rightward if
Answer : Option C
Explaination / Solution:
The most common reason a PPF would shift is because of a change in technology, or because of economic growth.
Q6. AFC curve never touches ‘x’ axis though it lies very close to x axis because
Answer : Option A
Explaination / Solution:
No Explaination.
Q7. Examples of negative correlation are
Answer : Option A
Explaination / Solution:
Negative correlation is said to exist when a rise in the value of one variable leads to a fall in the value of the other variable and vice versa.
Q8. Poverty ratio is ____ in rural areas as compared to urban areas
Answer : Option C
Explaination / Solution:
The poverty rate is the ratio of the number of people (in a given age group) whose income falls below the poverty line; taken as half the median household income of the total population.
Q9. The first census of free India was conducted in _____.
Answer : Option C
Explaination / Solution:
Although the Census,1951, was 9th census of India but it is the first census after independence.
Q10. With the help of which cells, solar energy can be converted into electricity ?
Answer : Option B
Explaination / Solution:
With the help of photovoltaic cells, solar energy can be converted into electricity. These cells use special kind of materials to capture solar energy and then convert the energy into electricity. This technology is extremely useful for remote areas and for places where supply of power through grid or power lines is either not possible or proves very costly. This technique is also totally free from pollution.
