Economics - Online Test
Q1. At low level of income saving is negative.
Answer : Option A
Explaination / Solution:
No Explaination.
Q2. Following were the land tenure system prevailing during British colonial period
Answer : Option A
Explaination / Solution:
There was main land tenures in India on the eve of Indian independence ― landlord tenure or Zamindari System.
Q3. Which of the following is not rule for constructing a line graph
Answer : Option A
Explaination / Solution:
An arithmetic line graph is also called time series graph. In this graph time (hour, day/date, week, month, year, etc.) is plotted along x-axis and the value of the variable (time series data) along y-axis. A line graph by joining these plotted points, thus, obtained is called arithmetic line graph (time series graph). It helps in understanding the trend, periodicity, etc. in a long term time series data.
Q4. Tuber crops, medicinal and aromatic plants, spices and plantation crops are examples of
Answer : Option B
Explaination / Solution:
Horticulture is the branch of agriculture that deals with the art, science, technology, and business of growing plants. It also is the study of plants. It includes the cultivation of medicinal plants, fruits, vegetables, seeds, herbs, sprouts, mushrooms, algae, flowers, seaweeds and non-food crops such as grass an ornamental trees and plants
Q5. OECD stands for
Answer : Option B
Explaination / Solution:
The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade.It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members.
Q6. Difference in export and import is known as
Answer : Option B
Explaination / Solution:
The balance of trade (BOT) is the difference between a country's imports and its exports for a given time period. The balance of trade is also referred to as the trade balance or the international trade balance.
Q7. Public expenditure can be unplanned only
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. A measure of central tendency, given as the value above which half of the values fall and below which half of the values fall is called the ______________.
Answer : Option C
Explaination / Solution:
Median is that positional value of the variable which divides the distribution into two equal parts, one part comprises all values greater than or equal to the median value and the other comprises all values less than or equal to it.
Q9. Inflation means
Answer : Option C
Explaination / Solution:
inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
Q10. Depreciation is fall in value of fixed assets due to normal wear and tear. Is this information sufficient?
Answer : Option D
Explaination / Solution:
No Explaination.
