List of top Social Science Questions on Economics

Given below are two statements:
Statement I: On the two dimensional graph, output is a function of cost, $Y = f(C)$, ceteris paribus.
Statement II: At quantities smaller than the break-even point, there is a loss and at larger quantities there is a profit.
In the light of the above statements, choose the most appropriate answer from the options below:

Given below are two statements:
Statement I: In the case of mortgage, the legal ownership of borrowed asset remains with the lending institution but the physical possession is with the borrower.
Statement II: Hypothecation refers to a legal transfer of ownership of property from a debtor to creditor. The transfer of ownership becomes void as soon as debtor clears off the loan.
In the light of the above statements, choose the most appropriate answer from the options below:

Personal income is:

Bhoodan movement was started by Acharya Vinoba Bhave in 1951 from:

There is an increase in the economy's productive capacity if there is:

All of the following cost curves are 'U' shaped except the:

Red cotton bug is a serious pest of cotton.
Assertion A: It can be controlled by applying insecticide in soil.
Reason R: It lays eggs in/on soil.
In light of the above statements, choose the correct answer from the options given below:

The Farmers (Empowerment and Protection) Agreement of Price Assurance and Farm Services Act, was passed in 2020.
Assertion A: It provides the freedom of choice to farmers relating to sale and purchase of their produce even outside APMCs.
Reason R: It aims to set up a national framework on contract farming.
In light of the above statements, choose the correct answer from the options given below:

Given below are two statements, one is labelled as Assertion A and the other is labelled as Reason R
Assertion A: Indica rice are better adapted to low temperature while Japonica rice to high temperature for better ripening.
Reason R: Indica rice are grown throughout the tropics and subtropics while Japonicas are limited to temperate and subtropics.
In light of the above statements, choose the correct answer from the options given below:

The type of farming with the greater risk is:

The Central Cooperative banks normally operate at:

Match List I with List II

List I & List II
A. Grading & I. To overcome distress sales
B. Processing & II. Value addition
C. Market Finance & III. To overcome price risk
D. Hedging & IV. Quality and purity of goods
Choose the correct answer from the options given below:

The value of national output produced by residents within the country, after depreciation and excluding the influence of taxes and subsidies is known as:

“If a service of any kind is open to one member it should be extended to all member countries in equal measure” is the principle provided under GATS through:

Under perfect competition market situation, the marginal revenue (MR) line coincides with the:

The total output produced in a year multiplied with the market prices prevalent during the same year gives:

When the price for 'out of fashion goods' is decreased, demand will:

Money whose face value is less than its value as a commodity is known as:

Personal services are:

The sufficient condition of consumer's equilibrium under indifference curve analysis is:

Market prices that are above equilibrium tend to create:

“Ryothwari” system was initially introduced in:

The value of a resource in its next best alternative use is known as:

10 ppm of available phosphorus in the soil is equivalent to:

Soil air contains higher concentration of: