List of top Economics Questions

White Revolution is associated with:

In macroeconomics, the difference between a country’s exports and imports of goods is known as:

The decision of whether to produce more consumption goods or more investment goods, to boost future production and consumption, relates to which central problem of an economy?

During the first phase of the Green Revolution in India (spanning the mid-1960s to mid-1970s), the introduction of High Yielding Variety (HYV) seeds was largely concentrated in which specific regions?

A consumer spends his entire income on goods \(X\) and \(Y\). The price of \(X\) is \(₹20\) per unit and the price of \(Y\) is \(₹10\) per unit. If his income is \(₹400\), which of the following combinations lies on his budget line?

Which of the following is the Indian Multi National Company?

Banking Ombudsman Scheme is a

Arrange the following settlements from the most populous to the least populous. \[ \begin{aligned} \text{(i)}\;&\text{Metropolitan cities} \text{(ii)}\;&\text{Mega cities} \text{(iii)}\;&\text{Class one Cities} \text{(iv)}\;&\text{Towns} \end{aligned} \]

Which of the following price indices is used for calculating government employee's dearness allowance?

The decline of per capita food grain availability despite higher production indicates that

What is the geometric mean of 2, 4 and 8?

Read the following text carefully:
“A country’s total National Income (NI) at the end of the year is ₹ 80,000 crore. During the same year, the Gross Domestic Product (GDP) increased by ₹ 2,00,000 crore. Price index for capital goods at the end of year is ₹ 15 lakh crore. Additionally, country invested ₹ 8,000 crore in new capital goods industries.”
In the light of the above text, classify the items as ‘stock’ or ‘flow’ variables with valid arguments. OR The value of Nominal Gross National Product (GNP) of an economy was ₹ 2,500 crore in a particular year. The value of Gross National Product (GNP) of that country during the same year, estimated at the prices of base year was ₹ 3,000 crore.

• [(i)] Estimate the Gross National Product (GNP) deflator (in percentage).
• [(ii)] “The price level has risen between the base year and the year under consideration.” Defend or refute the statement with suitable argument.

Goods that are used by producers as inputs

The "Green Revolution" in India was primarily associated with:

If the price of a commodity falls from ₹10 to ₹8, and the quantity demanded increases from 100 units to 120 units, the price elasticity of demand is:

Which of the following is a major challenge currently faced by the Indian economy?

An import of goods is recorded in the Balance of Payments account as:

The Economic Reforms of 1991 in India are often referred to as:

The Law of Variable Proportions is applicable only in the:

Which of the following is a quantitative instrument of credit control by the Central Bank?

In a perfectly competitive market, the firm is a:

Which of the following is a capital receipt in the government budget?

Which of the following is included in the estimation of National Income?

The price elasticity of demand for a commodity is \(-1.5\). If its price increases by \(10%\), then the approximate percentage change in quantity demanded will be:

Read the following statements carefully:
• I. Every increase in investment necessarily increases Aggregate Demand.
• II. Ex-ante savings are always equal to Ex-post savings.
• III. Ex-ante investment and Ex-ante savings may differ.
• IV. Equilibrium income is determined at the point where Aggregate Demand equals Aggregate Supply. Choose the correct answer.