Economic and Social Development - Online Test
Q1. 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
Q2. 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.
Q3. A resource is a
Answer : Option B
Explaination / Solution:
A resource is a source or supply from which benefit is produced. An item becomes a resource with time and developing technology.Typically resources are materials, energy, services, staff, knowledge, or other assets that are transformed to produce benefit and in the process may be consumed or made unavailable.
Q4. In the short run TPP changes with the change in which of the following factors
Answer : Option B
Explaination / Solution:
No Explaination.
Q5. 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.
Q6. 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.
Q7. 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.
Q8. 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.
Q9. While a seller under perfect competition equates price and MC to maximize profits a monopolist should equate?
Answer : Option D
Explaination / Solution:
No Explaination.
Q10. Money is a medium of
Answer : Option D
Explaination / Solution:
Money is universally accepted as a medium of exchange. It can be used to buy anything worldwide.
