Economics - Online Test
Q1. According to the text, which of the following represents the highest peak of the distribution?
Answer : Option C
Explaination / Solution:
The mode is the most frequent score in our data set. It represents the highest peak of the distribution.
Q2. Disguised unemployment is
Answer : Option A
Explaination / Solution:
More workers employed on a single piece of work than actually required is called as the disguised unemployment.
Q3. Net income from property and entrepreneurship is a component of Net Factor Income from Abroad
Answer : Option B
Explaination / Solution:
No Explaination.
Q4. A curve which first moves upwards then downwards is__________?
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. Two services outsourced from India are
Answer : Option A
Explaination / Solution:
Both voice based business process services as well as banking services are being outsourced by companies in developed countries from India.
Q6. A source of demand for foreign exchange is
Answer : Option A
Explaination / Solution:
No Explaination.
Q7.
Find out the mean deviation from median from the following series
Answer : Option B
Explaination / Solution:
No Explaination.
Q8. State which are lagging behind in health care facilities are
Answer : Option D
Explaination / Solution:
States like Bihar, Madhya Pradesh, Rajasthan and Uttar Pradesh are relatively lagging behind in health care facilities.
Q9. What to produce also deal with what quantities to produce.
Answer : Option D
Explaination / Solution:
The quantity in which a commodity is to be produced is set at that level where demand equals supply. If quality produced is more or less, then there will be dis equilibrium in the market and price will fluctuate. Hence, to maintain stable equilibrium price it becomes necessary to make demand and supply equal.
Q10. TVC curve starts from origin as
Answer : Option C
Explaination / Solution:
No Explaination.
