CBSE 11TH ECONOMICS - Online Test
Q1. ___________ is a situation of persistent and appreciable rise in prices, leading to fall in purchasing power of money
Answer : Option C
Explaination / Solution:
Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.
Q2. Which of the following economist estimated per capita income during colonial period
Answer : Option D
Explaination / Solution:
India’s per capita income during colonial period was estimated by some individual. Among the notable estimators — Dadabhai Naoroji, William Digby, Findlay Shirras.
Q3. ___________ means exhibition of data in such a clear and attractive manner that these are easily understood and analyzed
Answer : Option A
Explaination / Solution:
Presentation of data involves presenting raw facts and figures in the form of tables, charts and diagrams which is easy to understand for the users of data.
Q4. What is rural development?
Answer : Option C
Explaination / Solution:
Rural development means an 'action-plan' for the social and economic growth of the ruler areas.
Q5. Who said these lines “these new and revolutionary changes in China and India, even though they differ in content, symbolise the new spirit of Asia and new vitality which is finding expression in the countries in Asia."
Answer : Option B
Explaination / Solution:
He said these lines in his speech when India and Pakistan became independent nations in 1947, People's Republic of China was established in 1949. All the three countries had started planning their development strategies in similar ways.
Q6. It is a conscious design to shape the socio-economic processes in order to achieve an objective
Answer : Option C
Explaination / Solution:
It means utilisation of country's resources into different development activities in accordance with national priorities.
Q7. The value of the middle item in a set of observations which has been arranged in an ascending or descending order of magnitude
Answer : Option D
Explaination / Solution:
To find the median, you must first order the numbers from smallest to largest.
Q8. The sum of the value of all final goods and services produced within the democratic territory of a country in a year is
Answer : Option C
Explaination / Solution:
Gross domestic product (GDP) is the monetary value of all the finished goods and services produced within a country's borders in a specific time period. Though GDP is usually calculated on an annual basis, it can be calculated on a quarterly basis as well.
Q9. In which among the following year the MRTP act become effective
Answer : Option C
Explaination / Solution:
MRTP is abbreviation of Monopolies and Restrictive Trade Practices Act, it was first launched in 1970. The act was launched to minimise control in few hands, the act made sure that giant business houses did not misuse their powers.
Q10. A good dispersion should have following characteristics except
Answer : Option D
Explaination / Solution:
It should be based on all the items so as to be more representative of whole series
