Q1:
Macro
Income & Employment
Easy
When the consumption is changed as per the change in income level such consumption is known as:
Macro
Income & Employment
Easy
When the consumption is changed as per the change in income level such consumption is known as:
Micro
Consumer Behaviour
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Demand function | (I) Change in total utility due to consumption of one additional unit of a commodity. |
| (B) Indifference curves | (II) The relation between the consumer's optimal choice of the quantity of a good and its price. |
| (C) Marginal utility | (III) The level of utility that can be expressed in numbers. |
| (D) Cardinal utility | (IV) Never intersect each other. |
Choose the correct answer from the options given below:
Macro
National Income
Easy
Which of the following are economic activities?
(A) Mining and Quarrying
(B) Construction
(C) Sun Rays
(D) Transport and Storage
Choose the correct answer from the options given below:
Macro
Balance of Payments
Easy
The price of one currency in terms of another currency is called?
Indian Economic Development
Sustainable Economic Development
Medium
Arrange the following events in chronological order (oldest to latest)
(A) Mahatma Gandhi National Rural Employment Guarantee Act (MNREGA)
(B) Saansad Adarsh Gram Yojana (SAGY)
(C) Central Pollution Control Board (CPCB)
(D) Sustainable Development Goals (SDGs)
Choose the correct answer from the options given below:
Macro
National Income
Easy
Payments which are made without any counterpart of services received by the payer are known as.
Micro
Forms of Market
Easy
Suppose the unit tax imposed by the government is Rs 2. If the firm produces and sells 10 units of goods, the total tax that the firm must pay to the government is Rs..............
Indian Economic Development
Development Experience of India
Easy
Which of the following are parts of regional and global economic groupings?
(A) SAARC
(B) IMF
(C) European Union
(D) ASEAN
Choose the correct answer from the options given below:
Micro
Market Equilibrium
Easy
Equilibrium in a perfectly competitive market can be defined alternatively as:
Macro
Income & Employment
Easy
Which of the following depicts the actual meaning of marginal propensity to save (MPS)?
Macro
National Income
Easy
When there is unexpected fall in sales firms will have certain amount of unsold stock that they didn't anticipated. Such stock is known by:
Macro
Balance of Payments
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Devaluation | (I) When the government decreases the exchange rate of foreign currency. |
| (B) Foreign Exchange Market | (II) Exchange rate is determined by the market forces. |
| (C) Revaluation | (III) The market in which national currencies are traded for one another. |
| (D) Floating Exchange Rate | (IV) Government action increases the exchange rate of foreign currency. |
Choose the correct answer from the options given below:
Micro
Consumer Behaviour
Easy
Level of utility that can be expressed in numbers is called?
Macro
Balance of Payments
Easy
The reserve bank sells foreign exchanges when there is a deficit in the balance of payment. This sale is called?
Macro
Introduction
Medium
Arrange the following in chronological order (oldest to latest).
(A) General Theory of Employment, Interest and Money
(B) Great Depression
(C) The Economic Consequences of the Peace
(D) An Enquiry into the Nature and Cause of the Wealth of Nations
Choose the correct answer from the options given below:
Macro
Government Budget
Easy
If the quantity of any good remains available the same after consuming by people such goods are called?
Macro
Government Budget
Easy
The change in equilibrium output that results from a unit increase or decrease in both taxes and government spending is called.
Micro
Forms of Market
Medium
The minimum point of the AVC in the short run and the minimum point of the LRAC curve is known as:
Macro
Government Budget
Easy
Expenditures incurred for purposes other than the creation of physical or financial assets of the central government are classified as which of the following?
Macro
Income & Employment
Medium
If the supply of final goods is assumed to be infinitely elastic at a constant price over a short period of time, aggregate output is determined solely by the value of aggregate demand. This is called.
Indian Economic Development
Human Capital Formation
Easy
Which of the following are educational organizations?
(A) UGC
(B) NHAI
(C) AICTE
(D) NCERT
Choose the correct answer from the options given below:
Indian Economic Development
Development Experience of India
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Great Leap Forward | (I) Students and professionals were sent to work and learn from the countryside. |
| (B) Great Proletarian Cultural Revolution | (II) People collectively cultivated lands. |
| (C) Special Economic Zones | (III) Industrializing the country on a massive scale. |
| (D) Commune system | (IV) Attract foreign investors. |
Choose the correct answer from the options given below:
Macro
National Income
Easy
The value of GDP at the current prevailing prices is defined as.
Macro
Balance of Payments
Easy
In a fixed exchange rate system, the government's action that increases the exchange rate of foreign currency is called?
Micro
Production & Costs
Medium
Which one of the following conditions is incorrect?
(Where, SMC - Short term Marginal Cost, AVC - Average Variable cost, SAC - Short run average cost, LRMC - Long run marginal cost, LRAC - Long run average cost.)
Macro
National Income
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) GNPmp | (I) GNPmp - Depreciation |
| (B) NNPmp | (II) Net National Product at market prices + Other current transfers from the rest of the world |
| (C) National Disposable Income | (III) GDPmp + Net factor income from abroad |
| (D) GDP deflator | (IV) Nominal GDP / Real GDP |
Choose the correct answer from the options given below:
Macro
Government Budget
Easy
____________ is the difference between the government's total expenditure and its total receipts excluding borrowing.
Macro
National Income
Easy
The benefits (or harms) a firm or an individual causes to another for which they are not paid (or penalised). What it is called?
Micro
Production & Costs
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Constant returns to scale | (I) When a proportional increase in all inputs results in an increase in output by a larger proportion. |
| (B) Decreasing Returns to Scale | (II) The relationship between inputs used and output produced by the firm. |
| (C) Increasing Returns to Scale | (III) When a proportional increase in all inputs results in an increase in output by a smaller proportion. |
| (D) Production function | (IV) When a proportional increase in all inputs results in an increase in output by the same proportion. |
Choose the correct answer from the options given below:
Micro
Market Equilibrium
Easy
The government imposed lower limit on the price that may be charged for a particular good or service is called?
Micro
Production & Costs
Easy
The marginal product of an input factor initially rises with its employment level and then, after a certain level of employment, it starts falling. this is known as:
Micro
Consumer Behaviour
Easy
Which line consists of all bundles that cost exactly equal to consumer income?
Macro
Income & Employment
Easy
The change in savings as per unit change in income is defined as.
Macro
Income & Employment
Easy
If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will not increase - it will either decline or remain unchanged. This result is known as the___.
Indian Economic Development
Development Experience of India
Medium
Arrange the following events in chronological order (oldest to latest).
(A) The Great Leap Forward
(B) First Five-Year Plan of India
(C) Economic Reforms of India
(D) Great Proletarian Cultural Revolution
Choose the correct answer from the options given below:
Indian Economic Development
Economic Reforms (1991)
Easy
GATT stands for_
Indian Economic Development
Development Experience (1947-90)
Medium
Arrange the following in chronological order (oldest to latest)
(A) The Tata Iron and Steel Company (TISCO).
(B) Introduction of railways in India.
(C) Removal of License Raj in India.
(D) Planning Commission in India
Choose the correct answer from the options given below:
Macro
National Income
Easy
Which of the following are the methods of calculating national income?
(A) Value added method
(B) Expenditure method
(C) Saving method
(D) Income method
Choose the correct answer from the options given below:
Indian Economic Development
Development Experience (1947-90)
Medium
Which of the following are parts of the Green Revolution?
(A) High Yield Variety (HYV) seeds
(B) Self-sufficiency in food grains
(C) Land reforms
(D) Fertilizers and pesticides
Choose the correct answer from the options given below:
Indian Economic Development
Economic Reforms (1991)
Medium
Arrange the following in chronological order (oldest to latest)
(A) WTO
(B) GATT
(C) LPG Policy in India
(D) GST in India
Choose the correct answer from the options given below:
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Indian Economic Development
Sustainable Economic Development
Easy
Macro
Money & Banking
Easy
Macro
Money & Banking
Easy
Macro
Money & Banking
Easy
Macro
Money & Banking
Easy
Macro
Money & Banking
Easy
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