Competitive Exams: Economics MCQs (Practice-Test 54 of 122)

  1. Consider the following statements:

    1. Quartile deviation is more instructive range as it discards the dispersion of extreme items

    2. Coefficient of quartile deviation cannot be used to compare the degree of variation in different distributions.

    3. there are 10 deciles for a series.

    Which of the above statements is/are correct?

    1. 1, 2 and 3

    2. 2 alone

    3. 3 alone

    4. 1 alone

  2. Which one of the following indices satisfies both time reversal and factor reversal tests?

    1. Laspeyres's index

    2. Fisher's index

    3. Paasche's index

    4. Kelly's index

  3. Given the following data-1, 2, 3, 4 and 100; the best measure of central tendency is the

    1. arithmetic mean

    2. median

    3. mode

    4. mode geometric mean

  4. If for a given data, mode = 5, median = 15 and mean = 20, it means that the sample data is

    1. skewed to the right

    2. skewed to the left

    3. symmetric

    4. neither symmetric not skewed

  5. Consider the following statements:

    1. correlation analysis helps in determining the relationship between two or more variables-it does not tell us anything about the cause and effect relationship

    2. the ratio of explained variation to the total variation is called the coefficient of correlation.

    3. Pearsonian coefficient always assumes linear relationship and is unduly affected by the extreme items.

    Which of the above statements is/are correct?

    1. 2 alone

    2. 1 and 2

    3. 1 and 3

    4. 2 and 3

  6. The right-hand tail of a frequency distribution is found to the mirror image of the left-hand tail. The distribution is

    1. positively skewed

    2. negatively skewed

    3. asymmetric

    4. symmetric

  7. From the cumulative frequency diagram which one of the following types of average can be estimated?

    1. Geometric Mean

    2. Harmonic Mean

    3. Median

    4. Mode

  8. During one year the ration of prices of two commodities is 3, whereas during the next year it is 2. For averaging these rations.

    1. arithmetic mean is most appropriate

    2. harmonic mean is most appropriate

    3. geometric mean is most appropriate

    4. All the three, arithmetic, harmonic and geometric means are equally appropriate

  9. Consider the following statements:

    1. Median is not useful while dealing with skewed distribution such as income distribution or price distribution.

    2. Median can be determined graphically by drawing only one give.

    3. Mode can be used to describe qualitative phenomenon.

    Which of the above statement are correct?

    1. 1 and 2

    2. 1 and 3

    3. 2 and 3

    4. 1, 2 and 3

  10. What was the broad contribution of the tertiary sector to the national Income of India in 2000 − 2001?

    1. 30 per cent

    2. 20 per cent

    3. 50 per cent

    4. 25 per cent

  11. Match List I (Savings in 1999 − 2000) with List II (Per cent of GDP) and select the correct answer:

    List-I List-II
    1. Saving of household sector

    2. Savings of corporate sector

    3. Savings of public sector

    4. total savings

    1. 1.22. 3%

    2. 19.8%

    3. 3.7%

    4. 1.2%

    • A
    • B
    • C
    • D
      • 4
      • 3
      • 2
      • 1
      • 2
      • 1
      • 4
      • 3
      • 4
      • 1
      • 2
      • 3
      • 2
      • 3
      • 4
      • 1
  12. Assuming an industrial growth rate of 6 per cent per year in India, what is its contribution to the country's GDP growth with a 25 per cent contribution of the industrial sector to GDP?

    1. 3 per cent

    2. 2.5 per cent

    3. 2 per cent

    4. 1.5 per cent

  13. The decadal population growth rate in India during 1991 − 2001 was about

    1. 19 per cent

    2. 21 per cent

    3. 24 per cent

    4. 25 per cent

  14. The fourth Five-year Plan

    1. First annual Plan

    2. First Annual Plan

    3. Plan holiday of three years following the Third Five-year Plan

    4. India-China War in 1962

  15. Which one of the following s NOT correctly matched?

      • Rural credit
      • NABARD
      • Industrial finance
      • SIDBI
      • Rural poverty
      • SJSRY
      • Disguised unemployment
      • Subsistence agriculture