Answer : Option BExplaination / Solution:
A consumer price index (CPI) measures changes in the price level of market basket of consumer goods and services purchased by all the households.
Q4.Series in which frequencies are continuously added corresponding to each class interval in the series
Answer : Option AExplaination / Solution:
The total frequency of all classes less than the upper class boundary of a given class is called the cumulative frequency of that class. “A table showing the cumulative frequencies is called a cumulative frequency distribution”.
Q6.What is meant by commercialisation of agriculture?
Answer : Option CExplaination / Solution:
By commercialisation of agriculture we mean production of agricultural crops for sale in the market, rather than for family consumption.
Answer : Option CExplaination / Solution:
NABARD Serves as an apex financing agency for the institutions providing investment and production credit for promoting the various developmental activities in rural areas
Answer : Option DExplaination / Solution:
The tertiary industry is the segment of the economy that provides services to its consumers; this includes a wide range of businesses such as financial institutions, schools and restaurants. It is also known as the tertiary sector or service industry/sector.
Answer : Option BExplaination / Solution:
GDP also known as Gross Domestic Product refers to the market value of final goods and services produced within the domestic territory of a country during the period of an accounting year, inclusive of depreciation.
Total Question/Mark :
Scored Mark :
Mark for Correct Answer : 1
Mark for Wrong Answer : -0.5
Mark for Left Answer : 0