Competitive Exams: Economics MCQs (Practice-Test 78 of 122)

  1. Which one of the following is not include under WTO regulations?

    1. Removal of industrial licenses

    2. Removal of import tariffs

    3. Removal of foreign portfolio investments

    4. Removal of price controls

  2. Match List-I (Type of planning) with List-II (Method of implementation) and select the correct answer using the codes given below the lists

    List-I (Type of planning) List-II (Method of implementation)
    1. Totalitarian Planning

    2. Democratic Planning

    3. Indicative Planning

    4. Decentralised Planning

    1. Planning by inducement

    2. Planning from grass roots

    3. Planning by direction

    4. Planning with flexibility

    • A
    • B
    • C
    • D
      • 2
      • 4
      • 1
      • 3
      • 3
      • 1
      • 4
      • 2
      • 2
      • 1
      • 4
      • 3
      • 3
      • 4
      • 1
      • 2
  3. Which one of the following is the correct statement? The ‘Sen measure’ of poverty is said to measure the distribution of welfare rather than merely the distribution of wealth in a society because

    1. it defines poverty in terms of minimum level of living

    2. it measures the energy requirements of a household

    3. it prescribes a universal standard of well being

    4. it seeks to measure the income shortfall of each person below the poverty line

  4. Sectoral shares in GDP In the pie-chart given above, the shares of different sectors in a country's GDP are shown. Rank the following sectors in the descending order of their shares:

    1. Tertiary sector.

    2. Secondary sector.

    3. Primary sector.

    Select the correct answer using the codes given below

    1. 1, 2, 3

    2. 1, 3, 2

    3. 3, 1, 2

    4. 3, 2, l

  5. Consider the following statements relating to Mahalanobis models of planning:

    1. The co-efficient lk (output of capital goods sector ploughed back) is the crucial determinant of growth of national income.

    2. The long term growth of income depends on growth of sector.

    3. The per capita income is targeted to double after 2 plans.

    Which of the statements given above is/are correct?

    1. 1 only

    2. 2 only

    3. 2 and 3

    4. 1 and 3

  6. The point of intersection of the curves ‘less than Ogive’ and ‘more than Ogive’ gives which one of the following measures?

    1. Median

    2. Harmonic Mean

    3. Arithmetic Mean

    4. Geometric Mean

  7. Match List-I (Correlation between Variables) with List-II (Sign/Nature) and select the correct answer using the codes given below the lists

    List-I (Correlation between Variables) List-II (Sign/Nature)
    1. Correlation between fixed cost and variable cost

    2. Correlation between ex-post savings and ex-post investments

    3. Correlation between investment and rate of interest

    4. Correlation between demand for money for transaction and national income

    1. Positive

    2. Negative

    3. Positive and perfect

    4. Negative and perfect

    5. Zero

    • A
    • B
    • C
    • D
      • 5
      • 1
      • 2
      • 3
      • 2
      • 3
      • 4
      • 1
      • 5
      • 3
      • 2
      • 1
      • 2
      • 1
      • 4
      • 3
  8. Consider the following two ranking series R1 and R2: R1: a1, a2, … An1, an R2: An, an1, a2, a1 What is value of the Spearman's correlation coefficient?

    1. -l

    2. -0.5

    3. 1

    4. 0.5

  9. If z = x + y, and x and z are positively correlated, then what is the nature of the correlation between variable y and variable z?

    1. Negative

    2. Positive

    3. May be negative or positive

    4. None of the above

  10. If food prices increase at relatively faster rates than other items, then at what rate will the consumer price index for agricultural labour in relation to that for urban non-manual workers increase?

    1. Slower rate

    2. Same rate

    3. Faster rate

    4. Cannot be determined

  11. Consider the following statements: National Water Policy, 2002 provides for

    1. Stress on maintenance of irrigation projects.

    2. Participatory approach to water management.

    3. Conventional methods of water conservation.

    4. Dam safety legislation to ensure proper inspection, maintenance and surveillance.

    Which of the statements given above are correct?

    1. 1, 2 and 3

    2. 1, 2 and 4

    3. 2, 3 and 4

    4. 1, 3 and 4

  12. According to 2001 Census, what is the approximate value of Work Participation Rate (WPR) in India?

    1. 37 percent

    2. 39 percent

    3. 41 percent

    4. 43 percent

  13. Consider the following statements: The unemployment rate differs in the different sections of the people in India. Arrange the different sections, given below, in the order of increasing rate of unemployment

    1. Youth (15 − 29 years of age).

    2. Educated youths.

    3. Technically educated youth.

    Select the correct answer using the codes given below:

    1. 1, 3, 2

    2. 2, 3, l

    3. 1, 2, 3

    4. 3, 2, l

  14. Consider the following statements: The dependency rate depends on

    1. Rate of growth of population.

    2. Birth rates.

    3. Population profile by age groups.

    Which of statement (s) given above is/are correct?

    1. 2 only

    2. 2 and 3

    3. 1 and 3

    4. 1, 2 and 3

  15. Match List-I (Types of Average) with List-II (Properties of Average) and select the correct answer using the codes given below the lists

    List-I (Types of Average) List-II (Properties of Average)
    1. Geometric Mean

    2. Harmonic Mean

    3. Arithmetic Mean

    4. Mode

    1. Give largest weight to smallest item

    2. Sum of the deviations from it is zero

    3. Value can also be determined graphically

    4. Best suited for averaging of ratios and percentages

    5. Not capable of mathematical manipulation

    • A
    • B
    • C
    • D
      • 4
      • 5
      • 2
      • 1
      • 2
      • 1
      • 3
      • 5
      • 4
      • 1
      • 2
      • 5
      • 2
      • 5
      • 3
      • 1