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Quiz July 9, 2026

Last Updated

9th July, 2026

Date Published

9th July, 2026

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Question 1

Consider the following statements regarding the “Time Use Survey” conducted in India:

  1. It captures the time disposition of men and women in paid and unpaid activities. 
  2. The National Statistical Office (NSO) conducts this survey.
  3. First such survey was conducted nationwide in 2009 and second in 2019.

Which of the above statements is/are correct?

1 and 2 only

2 only

2 and 3 only

1 only

Question 2

When we divide NNP by the total population of a nation then we get the? 

Depreciation of the nation

Total remittance of the nation

Income per head per year of the nation

Net flow of interest on external lending

Question 3

It is one of the planning processes and is followed by the state economies. This is also called directive or target or authoritative planning. All economic decisions are centralised in the hands of the state with collective ownership of resources, this is the best description of:

Imperative planning

Indicative planning

Rolling plan

Perspective planning

Question 4

Consider the following statements with reference to the types of goods in an economy?

  1. An inferior good has a negative elasticity of demand. 
  2. Tea and Coffee are Substitute Goods.
  3. Giffen Goods are rare goods in which a price increase leads to an increase in demand.

Which of the statements given above is/are correct?   

2 only 

2 and 3 only

1 only

1, 2 and 3

Question 5

Consider the following statements with reference to the Ecosystem:

  1.  It is a flora and fauna of a geographical area.
  2. Dam is an example of an ecosystem

Which of the statements given above is/are correct?

1 only

2 only

Both 1 and 2

None of the above