Economics - Online Test
Q1. Real GNP is same as
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Real flow is the flow of
Answer : Option D
Explaination / Solution:
No Explaination.
Q3. Which of the following utility approach suggests that utility is a measurable and quantifiable entity?
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. Socialist economy
Answer : Option A
Explaination / Solution:
Socialist economy means the system under which economic system is controlled and regulated by the government so as to ensure welfare and equal opportunity to the people in a society. It refers to the government ownership of the means of production, planning and income distribution by the government.
Q5. The equilibrium exchange rate is determined at the point where the
Answer : Option D
Explaination / Solution:
No Explaination.
Q6. Following are the Relative measures of dispersion except
Answer : Option B
Explaination / Solution:
It is a absolute measure of dispersion
Q7. Commercial energy consumption makes up about ____ % of total energy consumed in India
Answer : Option A
Explaination / Solution:
India, as you know, is hugely dependent on commercial energy like thermal and hydro power plants to meet its power needs.
Q8. Vinod Limited sold patents costing Rs.20,000 in Rs.22,000. Treatment will be ---
Answer : Option D
Explaination / Solution:
Sale of patent is not an operating activity. Profit on sale of patents will be deducted in operating activities and sale price Rs.22,000 will be added in investing activities.
Q9. In short run which of the following factors can be changed easily
Answer : Option C
Explaination / Solution:
No Explaination.
Q10. If the coefficient correlation exactly equals to -1 then it will be effect
Answer : Option C
Explaination / Solution:
Because a negative value of correlation indicates an inverse relation.
