List of top Economics Questions

If the value of the investment multiplier is 5, and the increased income is ₹800 crore, find the change in investment.

Value of MPS (Marginal Propensity to Save) is increased from 0.4 to 0.5. What would be the impact on Multiplier ?

Nominal Interest Rate =__________

If the supply of final goods is assumed to be infinitely elastic at constant price over a short period of time, Aggregate output is determined solely by the value of Aggregate demand. This is called __________ Principle.

Identify the correct statements :
(A) Stocks are defined over a period of time.
(B) Flows are defined over a period of time.
(C) Flows are defined at a particular point of time.
(D) Stocks are defined at a particular point of time.
(E) GVA at factor costs + Indirect Taxes – Subsidies = GVA at market prices.
Choose the correct answer from the options given below :

If there is no government and no foreign trade, then:

Rearrange the given statements in proper chronological sequence in an ascending order (earliest to latest) :
(A) General theory of Employment, Interest and Money by Keynes.
(B) Mahalanobis was made a fellow of Britain's Royal Society.
(C) An Inquiry into the Nature and Cause of the Wealth of Nations by Adam Smith.
(D) The Economic Consequences of the Peace by Keynes.
Choose the correct answer from the options given below :

Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics.
(B) J.M. Keynes gave the Theory of Income, Output and Employment.
(C) Four Sector Model = C + I + G + (X – M)
(D) Store of value is primary function of money.
Choose the correct answer from the options given below :

According to the Theory of Consumer Behaviour, Inequality p₁​x₁​+p₂​x₂​\(≤\)M is called the Consumer's ___________ .

When Elasticity of Demand is 1 at every point on the Demand Curve, this curve is known as:

Match List-I with List-II:

List-I (Characteristic)		List-II (Implication)
A	Equilibrium	(I)	Plans of all the consumers and firms in the market match
B	Excess supply	(II)	Demand decreases with an increase in income
C	Inferior good	(III)	Supply is greater than market demand
D	Price ceiling	(IV)	Imposition of upper limit by government

Which of the following are correct statements ?
(A) Marginal Utility is the change in Total Utility due to consumption of one additional unit of commodity.
(B) Two Indifference Curves intersect each other.
(C) Marginal Utility becomes Zero at a level when Total Utility remains constant.
(D) Diminishing Marginal Rate of Substitution does not affect Indifference Curve.
(E) Indifference Curve slopes downwards from left to right.
Choose the correct answer from the options given below :

___________ is a market where economic agents can freely exchange their endowments with each other.

Match List-I with List-II:

List-I (Elements)		List-II (Features)
A	Annual Financial Statement	(I)	Create liabilities or reduce financial assets
B	Capital Receipts	(II)	Trade surplus
C	Capital Payment	(III)	Main budget document
D	Export \(>\) Import	(IV)	Create financial assets or reduce liabilities

Identify the correct set of statements.
(A) Ex Ante Saving represents what is actually planned to save.
(B) Ex Post Saving represents what is actually planned to save.
(C) Ex Post Saving depicts what has actually happened.
(D) Ex Ante Post Saving represents what is actually saved.
Choose the correct answer from the options given below :

Identify the correct statement in the context of Circular Flow of Income in a two-sector economy:

European Monetary Union was created in __________.

During festive season, the currency deposit ratio _____________ .

When there is unexpected rise in the sales ___________ .

During the 1980s, Pakistan's growth rate improved due to which of the following reasons?

Second phase of the Green Revolution is termed from:

Match List-I with List-II:

List-I		List-II
A	Great Leap Forward	(I)	Protecting the future generation
B	Mao Zedong	(II)	Aimed at industrialising the country on a massive scale
C	Brundtland Commission	(III)	Introduced the Great Proletarian Cultural Revolution
D	Our Common Future	(IV)	Seminal Report that explained sustainable development as meeting the basic needs of all for a better life

The Great Leap Forward (GLF) campaign was initiated in __________ .

Arrange the following items in correct sequence :
(A) Competition Act
(B) FEMA
(C) FERA
(D) MRTP
Choose the correct answer from the options given below :