List of top Social Science Questions on Economics

Match List-I with List-II:
\includegraphics[width=0.6\linewidth]{24.png Choose the correct answer from the options given below:

Who coined the terms micro- and macro-economics?

What are the sectors included in the so-called Three Sector Economy?
(A) Household sector
(B) Business sector/ firm
(C) Government sector
(D) International sector
Choose the correct answer from the options given below:

For a country X, the Depreciation (capital consumption allowance) = Rs 20 Lakh crores; Import = Rs 25 lakh crores and Export= Rs 20 lakh crores. Calculate Net National Product (NNP) of the country, if the Gross Domestic Product (GDP) is Rs 160 Lakh crores.

What is the chronological sequence in the evolution of definitions of economics?
(A) Growth definition
(B) Scarcity definition
(C) Welfare definition
(D) Wealth definition
Choose the correct answer from the options given below:

In consumer equilibrium analysis, a relative change in the prices of commodities brings about two types of effects on demand i.e. substitution effect and income effect.
Statement (I) : The substitution effect is always positive
Statement (II) : The income effect may be negative
In light of the above statements, choose the most appropriate answer from the options given below:

Price spread will be least in marketing of ____________.

Subsistence Theory of Wages is also called as ____________.

Commodity price and marketed surplus would have negative relationship in the case of ?

Facilitative function of agricultural marketing refers to ____________.

Raj and Sanjay are partners in a business firm. Raj puts in Rs. 5000 and Sanjay put in Rs. 6000. Raj receives 12.5% of the profit for managing the business and the balance is divided in the ratio of their capitals. If the total profit is Rs. 880, find Raj's total share.

According to World Health Organization (WHO), which of the following is the state of complete physical, emotional, and social well-being, not merely the absence of diseases or infirmity?

The amount of mixed fertilizer grade (12:32:16), urea and MoP required to supply 100 kg, Nitrogen, 50 kg Phosphorous and 50 kg Potash is _________.

David Ricardo is most well-recognized for his _________.

Suppose you find Rs 100, if you choose to use Rs 100 to watch IPL match, your opportunity cost of going to watch IPL match is _________.

If firm is making an Accounting profit, which of the following should be deducted from its revenue?

Which of the following statements about firms in different types of market is false?

For the production function $Y = X + 4.2 X^2 - 0.2 X^3$, what will be the level of resource use corresponding to point of inflexion on TPP curve?

For 8 units of output, AFC is Rs 12.50 and AVC is Rs 81.25. TC at this output level will be:

In a production function at a particular point of resource usage, TPP, APP and MPP are 30, 6 and 5 respectively. The Ep at that point is:

Arrange the following institutions based on year of set up in India from early to latest one:
A. Tea board of India
B. Cotton corporation of India
C. Marine products export development authority (MPEDA)
D. Agricultural & processed food products export development authority (APEDA)
E. Agricultural price commission (APC now CACP)

Arrange the Acts and Statutory Orders formed by the Government of India from early to latest year to protect consumers:
A. The standards of weights and measures, Act
B. The prevention of food adulteration, Act
C. The agricultural produce (Grading & marking), Act
D. Bureau of Indian Standards (BIS)
E. The seeds, Act

Arrange the Governors of RBI who have served in India in chronological order from early to latest:
A. Dr. D. Subba Rao
B. Dr. Manmohan Singh
C. Dr. C. Rangarajan
D. M. Narasimham
E. Shaktikanta Das