People As Resource Test

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People As Resource Test - 18

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Weekly Quiz Competition

Question 1
1 / -0

Unemployment refers to people __________.

A
who are not willing to work

B
who are willing but do no get work

C
who leave their jobs in search of better ones

D
who have been dismissed because of incorrect practices
Question 2
1 / -0

Given below are some major symptoms of an economy:
1. Lower inflation with low aggregate demand
2. Unemployment rate increasing steadily
3. Voluntary labour cuts by industries
Select the correct phase of 'economic cycle' in which the economy seems to be undergoing through.

A
Recession

B
Depression

C
Stagnation

D
Slowdown

Solution

Recession is one of the economic/ business cycle of the economies, which has the common symptoms of a general fall in aggregate demand of goods and services; lower levels of inflation; falling rate of employment/ rising rate of unemployment; production houses applying various tools of labour cuts (but they are 'voluntary' and not 'forced'). With every symptom being the same, if the production houses start going for 'forced labour cuts', this is the phase of 'Depression' which visited the market economies of Europe and America in $$1929$$ (the Great Depression).
Question 3
1 / -0

In India, present trend of rapid urbanization is due to ___________.

A
influence of cinema and electronic media

B
lack of employment opportunity in rural areas

C
break-up of joint family system

D
abolition of zamindari system
Question 4
1 / -0

Who controls economic activities under centrally planned economies?

A
Industrialists

B
Private firms

C
Government

D
Consumer

Solution

The government controls economic activities under centrally planned economies A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economies are different from market economies in which such decisions are traditionally made by businesses and consumers.
Question 5
1 / -0

In which of the following cases does output double with the doubling of all inputs?

A
Constant Returns to Scale

B
Decreasing Returns to Scale

C
Increasing Returns to Scale

D
Increasing as well as decreasing returns to Scale

Solution

In economic terms, constant returns to scale is when a firm changes its inputs with the results being exactly the same change in outputs (production). In other words, if a firm increases its inputs they will see a proportional increase in production (or outputs).
The similar can be true if a firm decreases its inputs and that results in a proportional decrease in outputs. Constant returns to scale take place when increasing the number of inputs leads to an equivalent increase in the output.

Thus, the correct option is A.
Question 6
1 / -0

Total Literacy Campaign(TLC) focusses on ____________.

A
adult education

B
female literacy

C
functional literacy to non-literates in the age group of $$15-35$$

D
all of the above
Question 7
1 / -0

Which of the following represents the concept of trade-offs?

A
A movement from point A to point B

B
A movement from point U to point C

C
Point W

D
Point U

Solution

A shift from A to B indicates that to produce 8 units of consumer goods, 10 units of capital goods are to be sacrificed which refers to trade offs as more goods are sacrificed in order to produce some amount of other goods.
Question 8
1 / -0

You are given the following data:
Factor Output
0 0
1 15
2 30
3 45
4 60
5 75
The above data is an example of:

A
Constant Returns to Scale.

B
Decreasing Returns to Scale.

C
Increasing Returns to Scale.

D
Globalization.
Question 9
1 / -0

Which of the following statements is incorrect regarding Disinvestment?

A
Government has raised budget dis-investments in the capital market

B
Procedure adopted for disinvestment has suffered from adhocism in the absense of a long term policy

C
It means selling of Govt. Share in the PSU to other PSU or Private Sector or Banks

D
It has been too insignificant to affect either the structure of management or the working environment of the PSU in India

Solution

Government has raised budget dis-investments in the capital market- this statement is incorrect regarding Disinvestment.
Disinvestment of the public sector can be defined as a process of transferring the ownership of any enterprise from public to private sector.

It has been too insignificant to affect either the structure of management or the working environment of the PSU in India.
Question 10
1 / -0

As a consequence of economic reforms, the MRTP Act 1969 was replaced by competition Act in the year __________ .

A
2001

B
2002

C
2003

D
2004

Solution

Monopolies and Restrictive Trade Practices act, 1969 was enacted to prevent the concentration of economic power to common detriment, control of monopolies, and prohibition of monopolistic and restrictive trade practices and matters connected therewith. But after the New economic reforms, liberalization, privatization, and globalization it was necessary that there must be competition in the market for the survival of the fittest. Therefore, the MRTP Act 1969 was replaced by Competition Act in year 2002.

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Factor	Output
0	0
1	15
2	30
3	45
4	60
5	75

People As Resource Test - 18

Result

People As Resource Test - 18

Score

-

Rank

-

SHARING IS CARING

Question 1

who are not willing to work

who are willing but do no get work

who leave their jobs in search of better ones

who have been dismissed because of incorrect practices

Question 2

Recession

Depression

Stagnation

Slowdown

Solution

Question 3

influence of cinema and electronic media

lack of employment opportunity in rural areas

break-up of joint family system

abolition of zamindari system

Question 4

Industrialists

Private firms

Government

Consumer

Solution

Question 5

Constant Returns to Scale

Decreasing Returns to Scale

Increasing Returns to Scale

Increasing as well as decreasing returns to Scale

Solution

Question 6

adult education

female literacy

functional literacy to non-literates in the age group of $$15-35$$

all of the above

Question 7

A movement from point A to point B

A movement from point U to point C

Point W

Point U

Solution

Question 8

Constant Returns to Scale.

Decreasing Returns to Scale.

Increasing Returns to Scale.

Globalization.

Question 9

Government has raised budget dis-investments in the capital market

Procedure adopted for disinvestment has suffered from adhocism in the absense of a long term policy

It means selling of Govt. Share in the PSU to other PSU or Private Sector or Banks

It has been too insignificant to affect either the structure of management or the working environment of the PSU in India

Solution

Question 10

2001

2002

2003

2004

Solution

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