List of top Economics Questions

Arrange the following incidents in sequential order in the context of man-
made global warming:
(A) The atmospheric concentrations of carbon dioxide and CH4 have increased
(B) Burning of fossil fuels and deforestation
(C) Gradual increase in the average temperature of the earth’s lower atmosphere
(D) Melting of polar ice with a resulting rise in sea level and coastal flooding
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Which of the following are true about subsidies in the agricultural sector
during 1950-1990 in India?
(A) Subsidies were needed to encourage farmers to test the new technology
(B) Subsidy largely benefits the farmers in the more prosperous regions
(C) Eliminating subsidies will increase inequality between rich and poor farmers and violate
the goal of equity
(D) Most farmers are very poor and they will not be able to afford the required inputs without
subsidies
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Which of the following are the main causes of individual poverty?
(A) Social exclusion
(B) Indebtedness
(C) Economic and political inequality
(D) Unemployment
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Bombay-Thane linking railway bridge was established in which year?

How will the export of machinery be recorded in the balance of payment account of an economy?

Match List-I with List-II:

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Which of the following is NOT an example of capital expenditure incurred by the government?

Arrange the following events in chronological order:
(A) General Theory of Employment, Interest and Money
(B) The Economic Consequences of the Peace
(C) An Enquiry into the Nature and Causes of the Wealth of Nations
(D) The birth date of the great British economist John Maynard Keynes
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Match List-I with List-II:

List-I	List-II
(A) Consumer equilibrium	(I) MRS = Ratio of prices
(B) Necessity goods	(II) Unit elastic demand
(C) Total expenditure decreases with increase in price of the good	(III) Inelastic demand
(D) Rectangular hyperbola demand curve	(IV) Elastic demand

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Which of the following statements is incorrect about marginal and average propensity to save?

If MPC > MPS, what is true about the investment multiplier (K)?

Which of the following is NOT a component of aggregate demand?

For the purpose of restoring equilibrium in an economy currently operating at over full employment, what should be done?

Which of the following is not an example of revenue receipts of the government?

Disinvestment by the government is an example of:

Identify the correct statements:
(A) Depreciation is a flow concept
(B) Money supply is a stock concept
(C) Investment is a stock concept
(D) Depreciation is an annual allowance for wear and tear of a consumer good
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Match List-I with List-II:

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Which of the following is NOT an example of leakage from the circular flow of income?

An MRI machine is purchased by a hospital at Rs 27 lakhs with an expected life of 12 years. What will be the value of annual depreciation?

The value of the US dollar changes due to the market forces of demand and supply of foreign exchange i.e., from 1 USD = 81 to 2 USD = 161. What will this be termed as?

Match List-I with List-II:

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Suppose a consumer consumes two goods whose MRS = 3. If the price of one good is Rs 30, what is the price of the other good for the consumer to be in equilibrium?

“What to produce” is a central problem that deals with which of the following questions?

1) What technique of production to use?
2) What type of goods to produce?
3) Which income group to produce for?
4) What quantity of goods to produce?

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Ms Stuman's real income rises as a result of a fall in the price of sugar in the market. As a result, she now purchases more quantity of sugar than before. This phenomenon will be termed as:

Aggregate demand for final goods consists of: