# ICAR NET: Economics MCQs (Practice_Test 119 of 122)

Dr. Manishika Jain- Join online Paper 1 intensive course. Includes tests and expected questions.

Match List with List II and select the correct answer:

List-I List-II Domar

Rosenstein-Rodan

Rostow

Joan Robinson

Golden Age

Big Push

Stages of growth

Required rate of growth

- A
- B
- C
- D

- 4
- 2
- 3
- 1

- 2
- 4
- 3
- 1

- 2
- 4
- 1
- 3

- 4
- 2
- 1
- 3

Match List with List II and select the correct answer:

List-I List-II Solow

Hicks

Harrod

Neutral technological change, under which, despite the change in output, the capital-lour ratio remains constant

neutral technological change, under which, the labour output ratio remains constant, so the factor proportions are biased is fabour of saving capital.

Neutral technological change, under which, the capital output ratio remains constant, so that the factor proportions are biased in favour of saving labour

- A
- B
- C
- D

- 1
- 2
- 1
- 3

- 1
- 2
- 3
- 1

- 3
- 2
- 1
- 1

- 3
- 1
- 2
- 1

The two-gap theory as applied to development planning refers to

inflationary gap and investment gap

savings gap and deflationary gap

foreign exchange gap

savings constraint and foreign exchange constraint

Demographic transition refers to

migration of population from rural to urban areas

change in the male/female ratio of the population

shift from a stable population at high birth and death rates to one of low birth and death rates

shift from high birth and low death rates to low birth and low death rates

Which one of the followings is NOT an assumption of the Harrod-Domar model?

Fixed capital-output ratio

Variable marginal and average propensity to save

closed economy

Capital is the only factor of production

Which one of the following averages can be computed form a cumulative frequency curve?

Geometric Mean

Harmonic Mean

Mode

Median

In case the least value 5 of a set of 10 values of a variable x is changed to 4, then

both the median and the mode of X will decrease

the medial will decrease but the mode will remain unchanged

the median will remain unchanged but the mode will decrease

neither the median nor the mode will change

If the standard deviation of a variable x is a s and if Y = a + bX, where a and b are constants, the standard deviations of Y would be

a + bs

bas

bs

b2 s

Which one of the following statistical measures is based on all observations?

Quartile Deviation

Harmonic Mean

Range

Mode

If prices of all the goods have changed in the same proportion and Laspeyres'price index has been found to be 150, the Paasche's price index will be

300

150

175

100

Consider the following measures:

Correlation coefficient

covariance

coefficient of variation

Index number

Which of these are unit-free?

1 and 2

2 and 3

2 and 4

1, 3 and 4

If r is the correlation coefficient between the tow variable then

0 < r <

-< r < 0

-< r <1

1 < r <1

Which one of the following items is NOT included in the current account of India's balance of payments?

short-term commercial borrowings

Non-monetary god movements

Investment income

Transfer payments

Which one of the following items is NOT included in the ‘invisible’ on current account of the balance of payment of India?

foreign travel

Transportation

Insurance

Loans from foreign banks

Match List I with List II and select the correct answer:

List-I List-II Child labour

Self-help groups

small-scale industry

Trade finance

DWCRA

SIDBI

EXIM Bank

UNICEF

- A
- B
- C
- D

- 1
- 2
- 3
- 4

- 4
- 1
- 3
- 2

- 4
- 1
- 2
- 3

- 2
- 1
- 3
- 4