CBSE 11TH ECONOMICS - Online Test
Q1. Education, health and housing related to
Answer : Option C
Explaination / Solution:
Social Infrastructure associated with education, health and housing. Social Infrastructure contributes to economic development of a country both by increasing the productivity of the factors of production and improving the quality of life of its people.
Q2. Two variables are said to be positively correlated when with _____ in the value of one variable, the value of other variable also _____
Answer : Option B
Explaination / Solution:
Positive correlation implies that both the variables will move in the same direction, either both will rise or both will fall.
Q3. In the year 2004-2005 ____ percentage of population was below the poverty line
Answer : Option A
Explaination / Solution:
Below Poverty Line is an economic benchmark used by the government of India to indicate economic disadvantage and to identify individuals and households in need of government assistance and aid. It is determined using various parameters which vary from state to state and within states. The present criteria are based on a survey conducted in 2002.
Q4. What is Secondary data?
Answer : Option D
Explaination / Solution:
It is Secondary data because the information or data collected is from some other recorded sources or other agencies who have already collected the information through investigstion or survey.
Q5. All living elements like birds, animals and, plants, forests, fisheries etc..are ____
Answer : Option B
Explaination / Solution:
All living elements are boitic elements whereas all non - living elements are abiotic elements.
Q6. Laspeyre’s index formula uses the weights of the
Answer : Option B
Explaination / Solution:
In case of calculating the price index, assuming that for individual item price at the base period.
Q7. Source of human capital formation is
Answer : Option B
Explaination / Solution:
Health and education are two integral aspects in human capital formation. It is only a healthy person who can contribute to society and the nation. Therefore expenditure on health is important to build and sustain a healthy nation.
Q8. It is the process of arranging things in groups or classes according to their resemblances
Answer : Option B
Explaination / Solution:
The process of arranging data into homogenous group or classes according to some common characteristics present in the data is called classification.
Q9. ___________ arises when there is an excess of demand for goods over their supply
Answer : Option A
Explaination / Solution:
Demand pull inflation is asserted to arise when aggregate demand in an economy out places aggregate supply resulting in a rise in the general price level.
Q10. What was the rate of growth of real output in our country during the first half of the twentieth century
Answer : Option D
Explaination / Solution:
During the first half of the twentieth century of Indian economy remained almost stagnant. This was clear from the fact that for almost a century, the average annual growth rate of per capita income in India was not more than 0.5%.
