List of top Economics Questions on Economics and economic theories

In the case of classical economics, an increase in the nominal money stock causes:
According to monetarist thought, the natural rate of unemployment and output is not determined by:

Arrange the following theories in chronological order starting from oldest to latest: 

(A) Keynesian Theory of Demand for Money 
(B) Quantity Theory of Money 
(C) Cambridge Cash Balance Approach 
(D) Modern Quantity Theory of Money 
Choose the correct answer from the options given below: 
 

Mention and discuss any two indicators of human development, where China has performed well.
“China used the tool of Special Economic Zones for its economic development very effectively.” Justify the given statement with valid explanation.
State and discuss any two reasons for slow economic growth in Pakistan.
Explain any two similar developmental strategies followed by India and Pakistan in post 1947 era.
Argue in favour of the need for different forms of government intervention in education and health sectors.
Elaborate the role of land ceiling as an institutional reform in agricultural sector during the planning period of India.
State and explain any two steps undertaken by the Government of India for the protection and promotion of Small-scale Industries between 1950–1990.
Some economists argue that: “Post-1991 economic reforms, globalisation played a major role in poor performance of the industrial sector.”
Present your arguments to justify the given statement.
“Many economists believe that India paid a very heavy price for the British industrialisation, by becoming their feeder economy.”
Justify the given statement with any one valid argument.
Outsourcing from India has become more intensified in recent times due to the expansion of the ............ sector. (Choose the correct option to fill in the blank)
............ is one of the demographic indicators in which Pakistan is ahead of India and China. (Choose the correct option to fill in the blank)
Recently, India hosted and chaired the summit of ............ one of the regional and economic groupings. (Choose the correct option to fill in the blank)
Identify, which of the following is not a feature of physical capital. (Choose the correct option)
(i) Tangibility
(ii) Tradability
(iii) Immobility
Explain key measures initiated by the Government for strengthening MSMEs.
“MSMEs play a pivotal role in the India’s journey of development. Do you agree with the given statement?” Give valid reason in support of your answer.
“In a two-sector economy, consumption expenditure by households is always equal to aggregate expenditure on goods and services produced by the firms.”
Do you agree with the given statement? Support your answer with valid explanation.
Distinguish between positive externalities and negative externalities with suitable examples.

The sum of the payoffs to the players in the Nash equilibrium of the following simultaneous game is ............
 

 Player Y
 CNC
Player XX: 50, Y: 50X: 40, Y: 30
 X: 30, Y: 40X: 20, Y: 20
An economy saves 25% of its national income and invests a sum of Rs.1000 each year. The economy starts with Rs.10,000 as its initial national income. Assume that the consumption in any year depends on the income of the previous year. The national income of the economy after 10 years is Rs. ........... (rounded off to two decimal places).
The present value of a perpetual cash flow of Rs.250 per year, discounted at the rate of 10% each year, is .........
Suppose an economy produces 100 kg of rice in a year and sells that for Rs.100 per kg. If the quantity of money in the economy is Rs.500, then the velocity of money is ..............
Suppose the GDP growth rate is 8% and the rate of saving in the economy is 40%. The incremental capital output ratio (ICOR) is ............