Tag: economics

Questions Related to economics

With the help of histogram we can prepare _________.

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. frequency polygon

  2. frequency curve

  3. frequency distribution

  4. all of the above

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Correct Option: D

Histogram is suitable for ________.

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. time series data

  2. chronological distribution

  3. none of (a) or (b)

  4. both (a) and (b)

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Correct Option: D

In a histogram with equal class intervals; heights of bar are proportional to _________.

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. mid-vales of the class

  2. frequencies of respective classes

  3. either (a) or (b)

  4. neither (a) nor (b)

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Correct Option: B

Classification is applicable in case of  ______.

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. quantitative data

  2. qualitative data

  3. both (a) and (b)

  4. none of the above

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Correct Option: C

Which of the statement is correct?

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. Histograms and historigrams are similar in look

  2. Cube and square diagrams are similar in look

  3. Pie-chart and ogives are similar in look

  4. None of them

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Correct Option: A

The following frequency distribution is classified as 

Classes Frequency
0-50 25
0-30 18
0-10 5
economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. cumulative distribution in less than type

  2. Cumulative distribution in more than type

  3. discrete frequency distribution

  4. cumulative frequency distribution

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Correct Option: A

A core distribution data is given for an inventory measuring physical fitness. The type of graph that will be used to display the information will be _______________.

economics graphical representation revisiting histograms histogram histograms histograms for non-uniform class widths histograms with unequal class intervals

  1. Histogram

  2. Line graph

  3. Pie chart

  4. Bar graph

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Correct Option: A

Which of the following statements is correct?

meaning and importance of taxes government and taxes tax civics economics

  1. Income tax was abolished in India in $1991$.

  2. Gift tax was abolished in India in $1998$, but income tax on gift (received) without adequate consideration was partially reintroduced in April $2004$.

  3. No states have adopted VAT system of indirect taxation.

  4. Estate duty was abolished in $1995$.

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Correct Option: B

As part of the Taxation Reforms in 1991, the rates of taxation were reduced in respect of_______________.

meaning and importance of taxes government and taxes tax civics economics

  1. Corporate Income Tax

  2. Personal Income Tax

  3. Customs Duties

  4. All of the above

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Correct Option: D

The VDIS-Voluntary Disclosure of Income Scheme was the brainchild of ______________.

meaning and importance of taxes government and taxes tax civics economics

  1. P.Chidambaram

  2. Ram Jethmalani

  3. Atal Behari Vajpayee

  4. Sonia Gandhi

Show answer
Correct Option: A
Explanation:

Voluntary Disclosure of Income Scheme (VDIS) was the brainchild of P Chidambaram. Chidambaram introduced the scheme in the 1997-98 budget, had actually targeted an ancient mindset : a man pays tax only when he is bludhgeoned.