List of practice Questions

Arrange the following events in chronological order.
(A) New Economic Policy.
(B) Second Five Year Plan.
(C) Planning Commission.
(D) Green Revolution.
Choose the correct answer from the options given below:
Select the correct statements in the context of reform policies in the industrial sector under New Economic Policy.
(A) Industrial licensing was abolished.
(B) The private sector was allowed in many industries.
(C) Many goods produced by small-scale industries have now been dereserved.
(D) Controls on price fixation and distribution of all industrial products by the government.
Choose the correct answer from the options given below:
Match List-I with List-II
Choose the correct answer from the options given below:
Arrange the following in chronological order (oldest to latest).
(A) The Tapas Majumdar Committee.
(B) The (Kothari) Education Commission.
(C) The latest National Education Policy.
(D) The Right of Children to Free and Compulsory Education Act.
Choose the correct answer from the options given below:
Select the correct statements in the context of public goods.
(A) Collectively consumed.
(B) may be produced by government or private sector
(C) Non-rivalrous.
(D) Non-excludable.
Choose the correct answer from the options given below:
Calculate the change in the value of equilibrium income when the government increases spending by 100 at a given marginal propensity to consume 0.8.
Match List-I with List-II
Choose the correct answer from the options given below:
Arrange the following statements depicting the impact of an increase in demand for imports on the foreign exchange market.
(A) Demand for foreign goods and services increases.
(B) Shift in demand curve towards right.
(C) Depreciation of domestic currency in terms of foreign currency.
(D) Increase in exchange rate.
Choose the correct answer from the options given below:
A system in which the central bank allows the exchange rate to be determined by market forces but intervene at times to influence the rate.
Foreign trade influences the economy's aggregate demand in which of the two ways?
What is the new equilibrium income when the investment rises from 10 to 20 at a given consumption function:
\(C = 40 + 0.8Y\)
An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount due to ________.
If the equilibrium level of output is less than the full employment of output, this situation is called the situation of
The function of the investment multiplier of the economy is denoted as:
Which one of the following functions is NOT the objective of government budget.
In India, which authority regulates and sterilises the money supply in the economy?
Match List-I with List-II
Choose the correct answer from the options given below:
If the bank is only expected to keep 50 percent of its deposits as reserves. What is the value of a money multiplier?
The purchase or sale of government securities by the central bank to increase or decrease the money supply in the economy is called?
The rate of increase in ex-ante consumption due to a unit increment in income is called?
Select the correct statement in the context of consumption as a component of the aggregate demand.
(A) Ex ante is the planned value of a variable as opposed to its actual value.
(B) Ex post is the actual or realised value of a variable as opposed to its planned value.
(C) Consumption changes at a constant rate the changes in income.
(D) A consumption function describes the relation between consumption and income.
Choose the correct answer from the options given below:
In the short-run, if there is a positive level of output at which a firm's profit is maximised. Which of the following conditions must hold at that output level?
(A) The price must be less than the short-run avegare cost.
(B) The price must be equal to the short-run marginal cost.
(C) Price must be greater than equal to the short-run average variable cost.
(D) Short-run marginal costs must be non-decreasing.
Choose the correct answer from the options given below:
As a determinant of firm's supply curve, if the wage rate of labour increases the firm's marginal cost curve will shift?
In a perfectly competitive market, whenever there is imbalance in the market, the prices are adjusted by the ________.
Which one of the following statements is NOT true in the context of the imposition of a price ceiling by the government on the market for kerosene.