Q1:
Macro
Income & Employment
Easy
What is the value of the vertical intercept and slope of the given equation for the consumption function?
Macro
Income & Employment
Easy
What is the value of the vertical intercept and slope of the given equation for the consumption function?
Micro
Forms of Market
Medium
Which of the following condition must be satisfied for profit maximization under perfect competition for the Short Run (SR) and for the Long Run (LR) respectively?
Where P = Price, AVC = Average variable cost, AFC = Average fixed cost, AC = Average cost.
Macro
Income & Employment
Easy
If all people in the economy increase the proportion of income they save, then total savings in the economy will not increase; it will either decline or remain unchanged. This phenomenon is known as_____.
Indian Economic Development
Human Capital Formation
Easy
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | ICMR | I. Agricultural research |
| B. | AICTE | II. Health Sector |
| C. | NABARD | III. Technical education |
| D. | ICAR | IV. Agricultural credit |
Choose the correct answer from the options given below:
Micro
Consumer Behaviour
Medium
Suppose the consumer have 15 rupees to spend on purchasing two goods namely and where the price of is 2.50 and price of is 1.50 then what is the maximum quantity of and at which the consumer's budget line will intersect the axis of the graph if and are represented in the vertical axis and horizontal axis of the graph respectively.
Macro
National Income
Easy
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | GDP - Depreciation | I. GDP in two-sector economy |
| B. | Indirect Taxes - Subsidies | II. Disposable income |
| C. | Y = C + I | III. NDP |
| D. | Personal Income - Taxes | IV. Net indirect Taxes |
Choose the correct answer from the options given below:
Micro
Production & Costs
Easy
The given the Cobb-Douglas production function
, which of the following is correct about this production function?
A. The firm produces Q amount of output using L and K inputs only.
B. The given production function exhibits decreasing returns to scale.
C. The given production function exhibits constant returns to scale.
D. The given production function exhibits increasing returns to scale.
Choose the correct answer from the options given below:
Micro
Introduction
Easy
What causes the production possibility frontier concave downward shape towards the origin?
Macro
Balance of Payments
Easy
Which of the following is not a component of current account in balance of payment?
Indian Economic Development
Development Experience of India
Easy
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | SEZ | I. Population |
| B. | Demography | II. Exports and imports |
| C. | Fertility Rate | III. Average year of living |
| D. | Life Expectancy | IV. Birth rate |
Choose the correct answer from the options given below:
Macro
Money & Banking
Easy
Which is the apex regulatory body of the Indian banking system and in which year it came into existence?
Macro
Balance of Payments
Medium
Why official reserve transactions are not equal to zero under managed floating exchange rate system?
Micro
Production & Costs
Easy
Which of the following cost curve represents the rate of change in the total cost of production in the production function?
Macro
Government Budget
Easy
Goods that possess characteristics of excludability and rivalry are known as___.
Micro
Forms of Market
Easy
Which of the following condition is satisfied for a firm to maximise it's profit in the short run under perfect competition?
Where, P = Price, AC = Average cost, MC = Marginal Cost.
Macro
Money & Banking
Easy
What are the short and long term tools of lending to commercial banks by the RBI?
Indian Economic Development
Development Experience of India
Easy
Which one of the following is the correct composition of HDI?
Macro
Income & Employment
Easy
If the investment is increased by 2 lacs and the value of the investment multiplier is 3/2 then what will be the value of change in income?
Macro
National Income
Medium
Which of the following is correct option to calculate National Income:
Macro
Government Budget
Medium
Arrange the following statements in correct sequence with respect to government budget's objective.
A. When demand exceeds for available output under the condition of full employment.
B. May give rise to inflation in the economy.
C. The intervention of the government to stabilize the economy.
D. The overall level of employment and prices depend upon the level of aggregate demand.
Choose the correct answer from the options given below:
Macro
Income & Employment
Easy
Which one of the following is correct formula for deriving the investment multiplier?
A. 1/(1 - MPC)
B. 1/MPS
C. 1/(1 - MPS)
D. (1 - MPC)/MPS
Choose the correct answer from the options given below:
Micro
Market Equilibrium
Easy
Excess demand and excess supply can be adjusted by the invisible hand to reach the ________________ .
Macro
Income & Employment
Medium
Find the correct options from the following on which investment decisions of a firm depends.
A. Cost of capital
B. Availability of stocks of inventories
C. Expected returns from the investment
D. Availability of capital
Choose the correct answer from the options given below:
Micro
Consumer Behaviour
Easy
Suppose the price of the commodity is declined by 10%, as a result of which, the quantity demanded increased by 20%. Then, calculate the value of the elasticity of demand () and confirm its type.
Indian Economic Development
Human Capital Formation
Easy
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | HDI | I. Malnutrition |
| B. | BPL | II. Poverty |
| C. | Infant mortality | III. Quality of life |
| D. | Undernourishment | IV. Child death before reaching the age of one year |
Choose the correct answer from the options given below:
Macro
Balance of Payments
Easy
Under which exchange rate appreciation and depreciation takes place and under which exchange rate devaluation and revaluation takes place respectively?
Macro
Income & Employment
Easy
Calculate the value of the multiplier and find the value of the consumption quantity that is independent of income from the following equation.
C=150+0.75Y
Indian Economic Development
Development Experience (1947-90)
Medium
Arrange the following information on the basis of year of occurrence in India in respect of planning (oldest to latest):
A. Emphasized on mixed economy
B. Emphasized on expansion of Public Sector Undertakings (PSU's)
C. Implementation of the third five-year plan
D. Emphasized economic liberalization
Choose the correct answer from the options given below:
Macro
Money & Banking
Easy
If the total amount of deposits with a bank is 200 crores and the Reserve Ratio (RR) is 5% then what is the maximum loanable amount which the bank can lend out in the form of a loan?
Indian Economic Development
Development Experience (1947-90)
Easy
Match the LIST-I with LIST-II
| LIST-I | LIST-II | |
|---|---|---|
| A. | Source of Human Capital | I. Abolition of the zamindari system |
| B. | Minimum Support Price | II. Balancing resources use between present and future generation |
| C. | Land Reform | III. Long term assurance to farmers |
| D. | Sustainable Development | IV. Investment in education |
Choose the correct answer from the options given below:
Micro
Production & Costs
Easy
What happens to the total cost (TC) of production if the quantity of output in the production is reduced to 0 (zero)?
Where, TC=Total cost, FC=Fixed Cost, VC=Variable Cost.
Macro
Money & Banking
Medium
What are the broad components of money supply measure M3?
A. Currency in circulation
B. Net fixed deposits with the banking system
C. Post office savings deposit
D. Demand Deposits
Choose the correct answer from the options given below:
Indian Economic Development
Economic Reforms (1991)
Medium
Which of the following combinations about liberalization are correct?
A. Deregulation of industrial Sector.
B. Rupee was revalued against foreign currencies.
C. Foreign Institutional investors are allowed to invest in Indian financial markets.
D. Removal of export duties.
Choose the correct answer from the options given below:
Macro
Government Budget
Medium
Which are the part of plan revenue expenditure ?
A. Expenditure on five-year plans
B. Central assistance for union territories
C. Expenditure on Defence services
D. Expenditure on subsidies and interest payment
Choose the correct answer from the options given below:
Micro
Market Equilibrium
Easy
When excess demand for a commodity is reduced to zero, what happens to the market price for that commodity?
Macro
Balance of Payments
Easy
Calculate the current account balance from the following values (given in dollars):
Exports of goods =188
Import of goods =248
Net invisibles;
A. Non-factor services=56
B. Transfers=36
C. Income receipts =10
Macro
Government Budget
Medium
Arrange the following steps in proper sequence with respect to the change in taxes:
A. Decrease in taxes.
B. Shift the aggregate expenditure curve upwards.
C. Increase in disposable income.
D. Negative tax multiplier effect.
Choose the correct answer from the options given below:
Indian Economic Development
Development Experience (1947-90)
Medium
Arrange the following events in chronological order.
A. Setting up Planning Commission
B. Green Revolution
C. Karve Committee
D. Second Five Year Plan
Choose the correct answer from the options given below:
Indian Economic Development
Sustainable Economic Development
Easy
What do you mean by sustainable development?
Indian Economic Development
Economic Reforms (1991)
Easy
What does NEP stand for, with reference to the 1991 economic reforms in India?
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Medium
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Macro
National Income
Easy
Macro
National Income
Easy
Macro
National Income
Easy
Macro
National Income
Easy
Macro
National Income
Easy
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