Economics - Online Test
Q1. Top most country in HDI ranking is
Answer : Option A
Explaination / Solution:
The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income per capita indicators. A country scores higher HDI when the life expectancy at birth is longer, the education period is longer, and the income per capita is higher.
Q2. Subsidies are
Answer : Option D
Explaination / Solution:
Subsidies refers to a sum of money granted by the state or a public body to help an industry or business keep the price of a commodity or service low. Its objective is to motivate the industries to increase the level of production.
Q3. Public expenditure can be Development and Non-development
Answer : Option A
Explaination / Solution:
No Explaination.
Q4. The ______________ is that value obtained by summing all elements in a set and dividing by the number of elements.
Answer : Option C
Explaination / Solution:
Mean is defined as the sum of the values of all observations divided by the number of observations.
Q5. The number of people who reside in a particular locality at a particular point of time known as
Answer : Option C
Explaination / Solution:
A population is the number of living things that live together in the same place
Q6. Which of the following is a component of Net factor income from abroad is
Answer : Option D
Explaination / Solution:
No Explaination.
Q7. At the saturation point of commodity X, the MUx is?
Answer : Option A
Explaination / Solution:
No Explaination.
Q8.
Answer : Option A
Explaination / Solution:
World Trade Organisation (WTO) started functioning on 1st January 1995 as the successor organisation to the General Agreement on Trade and Tariff (GATT).
Q9. Balance of payment Accounts is a
Answer : Option C
Explaination / Solution:
Balance of payment account is a systematic record of all economic transactions between residents of home country and residents of foreign countries during a given point of time.
Q10.
Compute Mean deviation from mean from the following data:
Answer : Option C
Explaination / Solution:
No Explaination.
