CBSE 11TH ECONOMICS - Online Test
Q1. Which of the following is one dimensional diagram?
Answer : Option B
Explaination / Solution:
A diagram in which the size of only one dimension i.e. length is fixed in proportion to the value of the data is called one dimensional diagram. Such diagrams are also popularly called bar diagrams.
Q2. Agricultural diversification means __________ of the __________ labour force in the agricultural sector needs to find alternate employment opportunities in other non-farm sectors
Answer : Option C
Explaination / Solution:
Agriculture diversification refers to the reallocation of some of farm's productive resources into new activities or crops reduces market risk.
Q3. People’s Republic of China was established in
Answer : Option D
Explaination / Solution:
Mao declared the founding of the People's Republic of China on October 1, 1949.
Q4. The economy of India is based on planning through the ___ Year Plan develop executed and monitored by the planning Commission
Answer : Option D
Explaination / Solution:
From 1947 to 2017, the Indian economy was premised on the concept of planning. It was carried through the Five-Year Plans, developed, executed, and monitored by the Planning commission.
Q5. MODE
Answer : Option B
Explaination / Solution:
Mode is the most fashionable values of a distribution, because it is repeated the highest number of times in the series. It is denoted by Mo.
Q6. When added net factor income from abroad to GDP we get
Answer : Option C
Explaination / Solution:
NFIA) refers to the net flow of property income to and from the rest of the world (net payments on income) plus the net flow of compensation of employees (net receipts on compensation). The NFIA is added to the Gross Domestic Product (GDP) to come up with the Gross National Product (GNP).
Q7. In which major economic decisions (what to produce, how to produce and for whom to produce) are left to the free play of the market forces
Answer : Option B
Explaination / Solution:
Capitalist economy is the economy controlled by free play of market forces. Under such economics structure the sole focus of the producer is to earn maximum benefit. Social welfare is not awarded any concern, the only motive of such economy is maximum benefit or profit earning.'
Q8. There are two types of measures of dispersion
Answer : Option C
Explaination / Solution:
Absolute measure of dispersion include range, quartile deviation, standard deviation, variance and relative measure of dispersion include coefficient of range, coefficient of quartile deviation, coefficient of standard deviation, coefficient of variance.
Q9. India invests only ____ % of its GDP on infrastructure which is far below that of China and Indonesia
Answer : Option A
Explaination / Solution:
Traditionally, the government has been solely responsible for developing the country’s infrastructure. But it was found that the government’s investment in infrastructure was inadequate.
Q10. If with the fall in the value of one variable the value of another variable rises in the same proportion then it is said to be
Answer : Option C
Explaination / Solution:
Because both the variables are moving in different directions.
