All Courses
Get the App Signup / Login
Sign in Open App
Commerce Exam  >  Commerce Tests  >  Economics Class 11  >  Test: Statistics for Economics- Assertions & Reason Type Questions - Commerce MCQ

Test: Statistics for Economics- Assertions & Reason Type Questions - Commerce MCQ


Test Description

10 Questions MCQ Test Economics Class 11 - Test: Statistics for Economics- Assertions & Reason Type Questions

Test: Statistics for Economics- Assertions & Reason Type Questions for Commerce 2024 is part of Economics Class 11 preparation. The Test: Statistics for Economics- Assertions & Reason Type Questions questions and answers have been prepared according to the Commerce exam syllabus.The Test: Statistics for Economics- Assertions & Reason Type Questions MCQs are made for Commerce 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Statistics for Economics- Assertions & Reason Type Questions below.
Solutions of Test: Statistics for Economics- Assertions & Reason Type Questions questions in English are available as part of our Economics Class 11 for Commerce & Test: Statistics for Economics- Assertions & Reason Type Questions solutions in Hindi for Economics Class 11 course. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free. Attempt Test: Statistics for Economics- Assertions & Reason Type Questions | 10 questions in 20 minutes | Mock test for Commerce preparation | Free important questions MCQ to study Economics Class 11 for Commerce Exam | Download free PDF with solutions
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 1
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The government is planning to introduce a bill for the control of population in

India. This type of decision is covered in Positive Economics.

Reason (R): Positive Economics concerns the description and explanation of economic phenomenon.

Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 1
The term positive economics refers to the objective analysis in the study of economics. Most economists look at what has happened and what is currently happening in a given economy to form their basis of predictions for the future. This investigative process is positive economics. Conversely, a normative economic study bases future predictions on value judgments.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 2
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The determination of price in a Perfect competition market is a study of microeconomics.

Reason (R): Determination of a price only affects the individual market and not the economy as a whole.

Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 2
In economic theory, perfect competition occurs when all companies sell identical products, market share does not influence price, companies are able to enter or exit without barrier, buyers have “perfect” or full information, and companies cannot determine prices. In other words, it is a market that is entirely influenced by market forces. It is the opposite of imperfect competition, which is a more accurate reflection of a current market structure.
1 Crore+ students have signed up on EduRev. Have you? Download the App
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 3
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): Madan bought two kg of mangoes as it was cheaper. This is an example of Normative Economics.

Reason (R): Normative economics examines real economic events from moral and ethical angles and judges whether certain economic events are desirable or not.

Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 3
Normative economics is a perspective on economics that reflects normative, or ideologically prescriptive judgments toward economic development, investment projects, statements, and scenarios.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 4
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The problem of what to produce is related to the scarcity of resources.

Reason (R): Human wants are unlimited, but the resources are scarce.

 
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 4

The correct answer is:

d) Both Assertion (A) and Reason (R) are true, and Reason (R) is the correct explanation of Assertion (A).

Explanation:

  • Assertion (A): The problem of "what to produce" is indeed related to the scarcity of resources because economies must make choices about which goods and services to produce with the limited resources available.

  • Reason (R): Human wants are unlimited, but resources are scarce, which correctly explains the problem described in the assertion. Due to scarcity, economies cannot produce everything people want, and they must prioritize and allocate resources efficiently.

Thus, Reason (R) accurately explains Assertion (A).

Test: Statistics for Economics- Assertions & Reason Type Questions - Question 5
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The basic problem of for whom to produce can be solved with the help of the needs and desire of the humans.

Reason (R): There are three basic problems in an economy, namely, what to produce, how to produce and for whom to produce.
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 5
The three basic economic problems are regarding the allocation of the resources. These are what to produce, how to produce, and for whom to produce.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 6
Save

Directions : In the following questions, a statement of Assertion (A) is followed by a statement of Reason (R). Mark the correct choice as:

Assertion (A): The basic problem arises due to the unlimited nature of human want.

Reason (R): Human want is the desire, aspiration and motives of humans.
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 6
All economic problems arises due to unlimited human wants and limited resources. Moreover, these resources have alternative uses and wants keep on increasing each day. This economic problem is also known as the problem of choice or the problem of allocating resources to alternative uses. All the desires and aspirations and motives of humans are known as human wants in economics. And the wants that can be satisfied with goods and services of any kind are economic wants.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 7
Save

Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :

Assertion (A) : Every year the government fixes a target for disinvestment of Public Sector Enterprises (PSEs).

Reason (R) : Disinvestment is an excellent tool for discarding the loss incurred by Public Sector Enterprises (PSEs).
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 7
Disinvestment targets are set under each Union Budget, and every year the targets change. The government takes the final decision on whether to raise the divestment target or not. Disinvestment means sale or liquidation of assets by the government, usually Central and state public sector enterprises, projects, or other fixed assets.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 8
Save

Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :

Assertion (A) : The major policy initiatives i.e. land reforms and green revolution helped India to

become self-sufficient in food grains production.

Reason (R) : The proportion of people depending on agriculture did not decline as expected
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 8
The green revolution has made India self-sufficient in food grains. India has adopted a new strategy in the field of agriculture. In this, insecticides and pesticides were used which resulted in great production of wheat and rice. Due to the green revolution, the highest rate of growth was achieved in Punjab and Haryana in 1964-65.
Test: Statistics for Economics- Assertions & Reason Type Questions - Question 9
Save

Directions : Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below :

Assertion (A) : India became an exporter of primary products and an importer of finished consumer

and capital goods produced in Britain.

Reason (R) : Restrictive policies of commodity production, trade and tariff pursued by the colonial government adversely affected the structure, composition and volume of India’s foreign trade.
Detailed Solution for Test: Statistics for Economics- Assertions & Reason Type Questions - Question 9
India became an exporter of primary products such as raw silk, cotton, wool, sugar, indigo, jute, etc. and an Importer of finished consumer goods like cotton, silk and woollen clothes and capital goods like light machinery produced in the factories of Britain.

The restrictive policies had an overall negative impact and a condition of monopoly.

  • India has always been a major trade nation. However, British government's restrictive policies on commodities production, trade, and tariffs had a negative impact on India's international commerce.

Test: Statistics for Economics- Assertions & Reason Type Questions - Question 10
Save

Study of population in India is an example of :
58 videos|216 docs|44 tests
Join Course
Information about Test: Statistics for Economics- Assertions & Reason Type Questions Page
In this test you can find the Exam questions for Test: Statistics for Economics- Assertions & Reason Type Questions solved & explained in the simplest way possible. Besides giving Questions and answers for Test: Statistics for Economics- Assertions & Reason Type Questions, EduRev gives you an ample number of Online tests for practice

Top Courses for Commerce

58 videos|216 docs|44 tests
Join Course
Download as PDF

Top Courses for Commerce

Important Questions for Statistics for Economics- Assertions & Reason Type Questions

Find all the important questions for Statistics for Economics- Assertions & Reason Type Questions at EduRev.Get fully prepared for Statistics for Economics- Assertions & Reason Type Questions with EduRev's comprehensive question bank and test resources. Our platform offers a diverse range of question papers covering various topics within the Statistics for Economics- Assertions & Reason Type Questions syllabus. Whether you need to review specific subjects or assess your overall readiness, EduRev has you covered. The questions are designed to challenge you and help you gain confidence in tackling the actual exam. Maximize your chances of success by utilizing EduRev's extensive collection of Statistics for Economics- Assertions & Reason Type Questions resources.

Statistics for Economics- Assertions & Reason Type Questions MCQs with Answers

Prepare for the Statistics for Economics- Assertions & Reason Type Questions within the Commerce exam with comprehensive MCQs and answers at EduRev. Our platform offers a wide range of practice papers, question papers, and mock tests to familiarize you with the exam pattern and syllabus. Access the best books, study materials, and notes curated by toppers to enhance your preparation. Stay updated with the exam date and receive expert preparation tips and paper analysis. Visit EduRev's official website today and access a wealth of videos and coaching resources to excel in your exam.

Online Tests for Statistics for Economics- Assertions & Reason Type Questions Economics Class 11

Practice with a wide array of question papers that follow the exam pattern and syllabus. Our platform offers a user-friendly interface, allowing you to track your progress and identify areas for improvement. Access detailed solutions and explanations for each test to enhance your understanding of concepts. With EduRev's Online Tests, you can build confidence, boost your performance, and ace Statistics for Economics- Assertions & Reason Type Questions with ease. Join thousands of successful students who have benefited from our trusted online resources.
© EduRev
Education Revolution
Follow Us
Signup to see your scores go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup