Practice Test

Q1) Two numbers are in the ratio 2:3 and the difference of their squares is 320. The numbers are Show Answer

Q2) An alloy is to contain copper and zinc in the ratio 9:4.The zinc required to melt with 24 kg of copper is: Show Answer

Q3) The difference between the simple and compound interest on a certain sum for 3 year at 5% p.a. is Rs.228.75. The compound interest on the sum for 2 years at 5% p.a.is: Show Answer

Q4) Rs.8,000 becomes Rs.10,000 in two years at simple interest. The amount that will become Rs.6,875 in 3 years at the same rate of interest is Show Answer

Q5) The number of triangles that can be formed by choosing the vertices from a set of 12 points, seven of which lie on the same straight line, is Show Answer

Q6) A code word is to consist of two English alphabets followed by two distinct numbers between 1 and 9. How many such code words are there? Show Answer

Q7) A boy has 3 library tickets and 8 books of his interest in the library. Of these 8, he does not want to borrow Mathematics part-II unless Mathematics part-I is also borrowed? In how many ways can he choose the three books to be borrowed? Show Answer

Q8) The sum of all natural numbers between 100 and 1000 which are multiple of 5 is Show Answer

Q9) If the first term of a G.P exceeds the second term by 2 and the sum to infinity is 50, the series is: Show Answer

Q10) Out of 20 members in a family, 11 like to take tea and 14 like coffee. Assume that each one likes at least one of the two drinks. Find how many like both coffee and tea. Show Answer

Q11) The quickest method to collect primary data is Show Answer

Q12) Which of the following statement is true? Show Answer

Q13) The following data relates to the incomes of 90 persons:
Income Rs. 1500-1999, 2000-2499, 2500-2999, 3000-3499. No of persons: 13,32,20,25. What is the percentage of persons earning more than Rs.2,500? Show Answer

Q14) If x and y are related by x-y-10=0 and mode of x is known to be 23, then the mode of y is: Show Answer

Q15) A man travels at a speed of 20 km/hr and then returns at a speed of 30 km/hr. His average speed of the whole journey is Show Answer

Q16) A student obtained the mean and standard deviation of 100 observations as 40 and 5.1 respectively. It was later discovered that he had wrongly copied down an observation as 50 instead of 40. The correct standard deviation is Show Answer

Q17) For a moderately skewed distribution, quartile deviation and the standard deviation are related by Show Answer

Q18) The coefficient of correlation r between x and y when: Cov(x,y)= -16.5, Var(x) =2.89, Var (y)= 100 is Show Answer

Q19) There are six slips in a box and numbers 1,1,2,2,3,3 are written on these slips. Two slips are taken at random from the box. The expected values of the sum of numbers on the two slips is. Show Answer

Q20) A letter is taken out at random from the word RANGE and another is taken out from the word PAGE. The probability that they are the same letters is: Show Answer

Q21) An urn contains 9 balls two of which are red, three blue and four black.Three balls are drawn at random. The probability that they are of same colour is Show Answer

Q22) Parameter is a characteristic of Show Answer

Q23) What is the probability of making 3 correct guesses in 5 True - False answer type questions? Show Answer

Q24) The 1.Q.'s of army volunteers in a given year are normally distributed with mean =110 and standard Deviation =10. The army wants to give advance training to 20% of those recruits with the highest scores. What is the lowest 1.Q score acceptable for the advanced training? The value of Z for the area 0.3 =0.84. Show Answer

Q25) Sampling fluctuations may be described as Show Answer

Q26) A random sample of size 17 has 52 as mean. The variance is 160. The 99% confidence for the mean are Show Answer

Q27) Which sampling provides separate estimates for population means for different purposes and also an over all estimate? Show Answer

Q28) The number of test of adequacy is Show Answer

Q29) A bag contains Rs.187 in the form of 1 rupee, 50 paise and 10 paise coins in the ratio 3:4:5. Find the number of each type of coins: Show Answer

Q30) In 40 litres mixture of glycerin and water, the ratio of glycerin and water is 3:1. The quantity of water added in the mixture in order to make this ratio 2:1 is: Show Answer

Q31) Economics is the study of mankind in the ordinary business of life'was given by: Show Answer

Q32) The branch of economic theory that deals with the problem of allocation of resources is : Show Answer

Q33) Capitalistic Economy uses __________ as principal means of allocating resources. Show Answer

Q34) Suppose the price of movies seen at a theatre rises from Rs.120 per person to Rs.200 per person. The theatre manager observed that the rise in prices has lead to a fall in attendance at a given movie from 300 persons to 200 persons. What is the price elasticity of demand for the movie? Show Answer

Q35) Demand for a commodity refers to : Show Answer

Q36) In case of an inferior good ,the income elasticity of demand is : Show Answer

Q37) ___________ shows various combinations of two products that give same amount of satisfaction : Show Answer

Q38) Total utility is maximum when : Show Answer

Q39) An indifference curve is always : Show Answer

Q40) The supply of a good refers to : Show Answer

Q41) Increase or Decrease in Supply means : Show Answer

Q42) Which of the following is not an essential condition of pure competition? Show Answer

Q43) ___________ is the banker's bank in India : Show Answer

Q44) When of the following is not qualititive credit control measure of the RBI? Show Answer

Q45) When the bank rate increases the damand for loan__________ Show Answer

Q46) Indian accommodates nearly ________ percent of world's population : Show Answer

Q47) Nearly ________ percent population is dependent on agriculture presently in India : Show Answer

Q48) The Reserve Bank of India was nationalized in : Show Answer

Q49) The difference between value of output and value added is : Show Answer

Q50) Which of the following is an Indirect Tax : Show Answer

Q51) India accommodated nearly ________ percent of worlds populations : Show Answer

Q52) Increase in population can be caused by : Show Answer

Q53) Employment Guarantee Scheme was launched in : Show Answer

Q54) ______ are often used for measuring poverty in relative sense : Show Answer

Q55) Occupational structure refers to : Show Answer

Q56) Employment assurance scheme and Jawahar Gram samridhi Yojna have been submerged into _________ : Show Answer

Q57) Hydel power contributes _________ of the total power generation : Show Answer

Q58) Presently __________ of the villages are electrified : Show Answer

Q59) NLM stands for : Show Answer

Q60) When prices are falling continuously, the phenomenon is called : Show Answer

Q61) _________ is the difference between total receipts and total expenditure : Show Answer

Q62) Revenue deficit in India is : Show Answer

Q63) _____________ is a systematic record of all the economic transaction between one country and rest of the world : Show Answer

Q64) FERA stands for : Show Answer

Q65) Quantitative restriction on ______ items were removed in the EXIM policy of 2000-01. Show Answer

Q66) __________ refers to relaxation of produce government restriction usually in areas of social and economic policies : Show Answer

Q67) FDI means: Show Answer

Q68) IMF was organized in ___________ : Show Answer

Q69) Broad money refers to ___________ : Show Answer

Q70) The number of banks nationalized in 1969 was : Show Answer

Q71) For maximum profit, the condition is : Show Answer

Q72) ___________ shows the overall output generated at a given level of input : Show Answer

Q73) If LAC curve falls as output expands, this is due to __________ : Show Answer

Q74) Isoquants are equal to : Show Answer

Q75) Opportunity cost is : Show Answer

Q76) As output increases, average fixed cost : Show Answer

Q77) A competitive firm in the short run incurs losses. The firm continues production, if : Show Answer

Q78) Under _________ market condition, firms make normal profits in the long run : Show Answer

Q79) Under which of the following market structure AR of the firm will be equal to MR?
Show Answer

Q80) Broad Money refers to __________ : Show Answer