Economics - Online Test
Q1. Which of the following is one of the assumptions of the indifference curve analysis?
Answer : Option D
Explaination / Solution:
No Explaination.
Q2. Under the industrial policy of 1991, the number of industries reserved for the public sector have been reduced from 17 to
Answer : Option A
Explaination / Solution:
Under the industrial policy of 1991, the number of industries reserved for the public sector were reduced from 17 to only 8, which were considered to be of strategic importance.
Q3. A deficit in balance of trade indicates
Answer : Option A
Explaination / Solution:
No Explaination.
Q4.
Find out the Coefficient of M.D from median from the following series
Answer : Option A
Explaination / Solution:
No Explaination.
Q5. India’s road transport is _____ largest in the world
Answer : Option C
Explaination / Solution:
India has a road network of over 5,472,144 kilometres (3,400,233 miles) as on 31 March 2015, the second largest road network in the world.
Q6. Can there be an economy without economic problems
Answer : Option D
Explaination / Solution:
The economic problem – sometimes called the basic or central economic problem – asserts that an economy's finite resources are insufficient to satisfy all human wants and needs. It assumes that human wants are unlimited, but the means to satisfy human wants are scarce.
Q7. When TVC is zero at zero level of output, TFC
Answer : Option D
Explaination / Solution:
No Explaination.
Q8. Rearrange the following steps
a. Find the mean of two series x and y
b. Take deviation of the two series from their means.
c. Square the deviations and get the total
d. Multiply the deviations of x and y and get the total.
e. Substitute the values in the formula.
Options are as follows
a. Find the mean of two series x and y
b. Take deviation of the two series from their means.
c. Square the deviations and get the total
d. Multiply the deviations of x and y and get the total.
e. Substitute the values in the formula.
Options are as follows
Answer : Option B
Explaination / Solution:
This is the correct sequence to calculate Karl Pearson's correlation coefficient. It will take a value ranging from -1 to +1. Positive values of correlation coefficient indicate positive relationship between the two variables, while negative values are indicative of a negative relationship. Zero value implies no relationship.
Q9. The primary reason for the rising number of poor in the rural areas is
Answer : Option D
Explaination / Solution:
Rural poverty is often a product of poor infrastructure that hinders development and mobility. Rural areas tend to lack sufficient roads that would increase access to agricultural inputs and markets.
Q10. Cluster sampling means
Answer : Option D
Explaination / Solution:
The divided groups are known as clusters
