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 Indian Economy Questions

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Q:

Which of the following is NOT a measure of Human Development Index?

 

A) Life expectancy B) Sex ratio
C) Literacy rate D) Gross enrolment
 
Answer & Explanation Answer: B) Sex ratio

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0 20117
Q:

In which of the following fields was Prof. Richard H. Thaler awarded the Nobel Prize 2017?

 

A) Physics B) Chemistry
C) Literature D) Economics
 
Answer & Explanation Answer: D) Economics

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0 20075
Q:

The demand for labour is the same as the ___________.

 

A) marginal revenue product B) marginal physical product
C) marginal cost D) wage
 
Answer & Explanation Answer: A) marginal revenue product

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0 20067
Q:

"Gilt-edged" means ___________.

 

A) bullion market   B) market of government securities  
C) market of guns D) market of pure metals
 
Answer & Explanation Answer: B) market of government securities  

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0 19982
Q:

The sampling distribution of a statistic is

 

 

A) A normal curve, for which probabilities are obtained by standardizing.  B) A distribution of all possible summary statistics from a single random sample, from the same population.
C) A distribution of all parameters from the population that is to be randomly sampled. D) The mechanism that determines whether the random sampling was effective. 
 
Answer & Explanation Answer: A) A normal curve, for which probabilities are obtained by standardizing. 

Explanation:

The sampling distribution of a statistic is the distribution of the statistic for all possible samples from the same population of a given size.

 

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3 19929
Q:

When did India's population touch 100 crore mark

A) May, 2001 B) May 2000
C) May, 2002 D) May, 2003
 
Answer & Explanation Answer: B) May 2000

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50 19888
Q:

Which of following sectors does NOT come under tertiary sector?

 

A) Electricity B) Business Services
C) Transport D) Trade
 
Answer & Explanation Answer: A) Electricity

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2 19556
Q:

For an inferior good demand falls when _________.

 

A) Piece rise   B) Price falls  
C) Income rise   D) Income falls  
 
Answer & Explanation Answer: C) Income rise  

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