Q1:
Micro
Production & Costs
Easy
Marginal Product of labour is inverse'U'-shaped because of :
Micro
Production & Costs
Easy
Marginal Product of labour is inverse'U'-shaped because of :
Macro
Government Budget
Easy
Identify the capital expenditure of the government from the following:
Macro
Money & Banking
Easy
Arrange the following measures of money supply in decreasing order of their liquidity.
(A) M4
(B) M2
(C) M1
(D) M3
Choose the correct answer from the options given below:
Macro
Introduction
Easy
Identify the correct option from the following in respect of macroeconomics:
Micro
Consumer Behaviour
Medium
Arrange the values of the elasticity of demand of the following at different points on a downward straight line demand curve in ascending order.
(A) The point where the demand curve meets the horizontal axis.
(B) The point where the demand curve meets the vertical axis.
(C) At any point to the left of the midpoint of the demand curve.
(D) At any point to the right of the midpoint of the demand curve.
Choose the correct answer from the options given below:
Indian Economic Development
Economic Reforms (1991)
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Multilateral trade agreements | (I) Outsourcing |
| (B) Liberalization | (II) Disinvestment |
| (C) Globalization | (III) WTO |
| (D) Privatization | (IV) FDI |
Choose the correct answer from the options given below:
Indian Economic Development
Employment
Easy
The problem of disguised unemployment is most prevalent in which of the following?
Macro
Government Budget
Easy
Gross primary deficit = A – Net interest liabilities. Here A is-
Macro
Balance of Payments
Medium
Arrange the following statements in correct sequence as a result of change in demand for import and its impact on exchange rate;
(A) An increase in exchange rate makes domestic goods cheaper, and increases the exports of domestic country.
(B) There is an increase in the income in the domestic country.
(C) It will lead to increase in the import demand.
(D) There will be increase in the exchange rate.
Choose the correct answer from the options given below:
Micro
Forms of Market
Easy
Arrange the following in ascending order as impact of the unit tax on supply :
(A) After imposition of unit tax ,firm will supply less unit of output
(B) Firm's long run average cost and marginal cost increases by Rs.t
(C) A unit tax is that tax which is imposes on per unit sale of output.
(D) suppose the government place a unit tax of Rs,t
Choose the correct answer from the options given below:
Macro
National Income
Medium
Which of the following can be used to measure the change in prices in an economy-
(A) GDP deflator
(B) Industrial Price Index
(C) Rate of inflation
(D) Wholesale price index
Choose the correct answer from the options given below:
Macro
Balance of Payments
Easy
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Autonomous transactions | (I) Current Account |
| (B) Net Exports | (II) 'Below the line' items in BoP |
| (C) Accommodating transactions | (III) Capital Account |
| (D) Portfolio Investment | (IV) 'Above the line' items in BoP |
Choose the correct answer from the options given below:
Micro
Market Equilibrium
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Increase in demand and no change in supply | (I) Equilibrium quantity decreases. |
| (B) Both demand and supply increase | (II) Equilibrium quantity increases. |
| (C) Decrease in supply and no change in demand | (III) Change in price depends on magnitude of shift |
| (D) Increase in demand and decrease in supply | (IV) Equilibrium price increases. |
Choose the correct answer from the options given below:
Indian Economic Development
Development Experience (1947-90)
Medium
Arrange the following establishments in their chronological order of setup.
(A) Introduction of Railway in India.
(B) Planning Commission of India.
(C) Starting the aviation sector in India.
(D) Tata Iron and Steel Company (TISCO)
Choose the correct answer from the options given below:
Macro
Money & Banking
Easy
Which among the following limits the money multiplier process?
Macro
Money & Banking
Easy
The situation where people are willing to hold any amount of money at a very low interest rate is called?
Macro
Balance of Payments
Easy
Official reserve transactions are made to bridge the gap in the Balance of Payment (BoP), they are seen as the ________ item in the BoP.
Micro
Consumer Behaviour
Easy
If the income effect is stronger than the substitution effect, the demand for the good would be positively related to its price. Such a good is called?
Micro
Consumer Behaviour
Medium
The law of demand holds in which of the following condition?
Macro
Government Budget
Medium
The government expenditure multiplier is calculated by which of the following:
Indian Economic Development
Human Capital Formation
Easy
The education cess levied by Government of India is earmarked for-
Macro
Government Budget
Easy
Which of the following is related to public provision?
Micro
Forms of Market
Medium
Choose the correct options from the following in respect of Break-even point(BEP) of a firm-
(A) BEP is a point of minimum AVC where the SMC curve cuts the AVC curve.
(B) BEP is a point on the supply curve at which a firm earns only normal profit.
(C) BEP is possible both in long run and short run.
(D) BEP is the point of minimum average cost at which the supply curve cuts the LRAC curve.
Choose the correct answer from the options given below:
Micro
Production & Costs
Medium
Choose the correct statement with respect to long run production function-
(A) There is no fixed factor of production.
(B) All inputs can be varied.
(C) Average and Marginal cost curves are U shaped.
(D) Decreasing Returns to Scale is not applicable.
Choose the correct answer from the options given below:
Macro
National Income
Easy
To get gross domestic product at a factor cost (GDP_FC), which among the following should be deducted from GDP at market price (GDP_MP).
Indian Economic Development
Economic Reforms (1991)
Easy
Stabilisation measures under New Economic Policy directly targeted to which of the following?
Macro
National Income
Easy
In the base year 2020, a country produced 1000 toys, price was Rs 100 per toy. In 2025 the same country produced 500 toys at price Rs 150 per toy. The value of nominal and real GDP in year 2025 considering 2020 as base year:
Micro
Market Equilibrium
Easy
Imposition of price ceiling below the equilibrium price leads to__________
Macro
Money & Banking
Easy
Which of the following action by RBI leads to an increase in the supply of money in the economy:
Indian Economic Development
Development Experience of India
Easy
Which country is associated with the 'Great Leap Forward' campaign?
Indian Economic Development
Development Experience (1947-90)
Medium
Match List-I with List-II
| List-I | List-II |
|---|---|
| (A) Mahalanobis | (I) Small scale industries |
| (B) Karve Committee | (II) Education |
| (C) Mazumdar Committee | (III) Second five-year plan |
| (D) Brundtland Commission | (IV) Sustainable Development |
Choose the correct answer from the options given below:
Macro
Balance of Payments
Easy
In order to promote exports in a fixed exchange rate system, the government can opt for-
Micro
Production & Costs
Easy
Output increases with which of the following reasons?
(A) Increase in capital.
(B) Increase in labour.
(C) Increase in cost of inputs.
(D) Increase in level of technology.
Choose the correct answer from the options given below:
Macro
National Income
Easy
Which of the following can be categorized as a stock varaible?
Indian Economic Development
Human Capital Formation
Easy
Choose correct sources of human capital formation from the following:
(A) Education
(B) On the job training
(C) Migration
(D) Industrialisation
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 Compaign | (I) To attract foreign investors |
| (B) Great Proletarian Cultural Revolution | (II) Mechanisation and increase in public investment in infrastructure in select areas |
| (C) Introduction of Green Revolution in Pakistan | (III) Students and professionals were sent to work and learn from the countryside |
| (D) Setting up of special economic zones in China | (IV) Industrialising the country on a massive scale |
Choose the correct answer from the options given below:
Indian Economic Development
Development Experience (1947-90)
Easy
What is meant by 'Import Substitution'?
Micro
Consumer Behaviour
Easy
The indifference curve for goods and is sloped downwards when?
Macro
Income & Employment
Easy
'Paradox of Thrift' refers to-
Macro
Balance of Payments
Easy
Which of the following is correct for managed floating exchange system?
Macro
Income & Employment
Easy
Macro
Income & Employment
Easy
Macro
Income & Employment
Easy
Macro
Income & Employment
Easy
Macro
Income & Employment
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
Indian Economic Development
Sustainable Economic Development
Easy
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