Economics - Online Test
Q1. An academy called _______ for rural prosperity has been established
Answer : Option D
Explaination / Solution:
This academy is to impart operational training to nearly 10 lakh rural people to run 'info- kiosks'.
Q2. _____ is the population density the _____ is the pressure of population on land and the more the economic problems
Answer : Option D
Explaination / Solution:
The population density of an area can greatly affect that area's economy and social conditions.
Q3. In India exports are encouraged through
Answer : Option A
Explaination / Solution:
Increasing exports ranks among the highest priorities of any government wishing to stimulate economic growth. An export subsidy reduces the price paid by foreign importers, which means domestic consumers pay more than foreign consumers. An Export Tax Relief would encourage more firms to export because eligible foreign companies would pay a competitive tax rate. Concessional bank credit also increases exports the companies get loans at a cheaper rate which induces them to increase the investment.
Q4. Public expenditure can be Development only
Answer : Option D
Explaination / Solution:
No Explaination.
Q5. The ______________ of a sample is the middle value when the data are arranged in ascending or descending rank order.
Answer : Option C
Explaination / Solution:
The Median is the “middle” element when the data set is arranged either ascending or descending.
Q6. An establishment with four hired workers is known as ____ sector establishment
Answer : Option D
Explaination / Solution:
An informal sector is an unorganised sector of the economy. It includes all enterprises that hire less than 10 workers, except farming and self employment ventures. Therefore, an establishment with four hired workers is known as informal sector establishment.
Q7. Depreciation is fall in value of fixed assets due to obsolescence. Is this information sufficient?
Answer : Option A
Explaination / Solution:
No Explaination.
Q8. At the point of tangency the slope of the indifference curve is ___________?
Answer : Option D
Explaination / Solution:
No Explaination.
Q9. There are three industries which are reserved for the public sector except
Answer : Option D
Explaination / Solution:
Under the Reform policies introduced in and after 1991, only 3 industries were kept reserved for the public sector, i.e., defence equipments, atomic energy generation and railway transport.
Q10. Fixed exchange rate is
Answer : Option D
Explaination / Solution:
A fixed exchange rate is a country's exchange rate regime under which the government or Central bank ties the official exchange rate to another country's currency or to the price of gold. The purpose of a fixed exchange rate system is to maintain a country's currency value within a very narrow band.
