List of top Economics Questions

One of the following function is performed by the government it if intervenes either to expand demand or to reduce it. Select the correct answer.

If you draw a random sample of size 25 from a population whose standard deviation is 10, what will be the standard error of sample mean?

The consumption function is given by C = 100+ 0.8y and the investment is given by I = 50. For which of the following level of output the level of unplanned inventories would be negative?

Suppose the US interest rate is 3% per annum. The ₹-$ exchange rate in spot market is 80 and in 3-month forward market is 81. What is the per annum return on US bond in rupee terms?

For the per capita production function y = k^0.5; what is the level of capital per capita at steady state assuming depreciation (δ) = 0.1 and rate of saving = 0.4? The rate of growth of population is assumed as 0.

Given below are two statements:
Statement-I : The price consumption curve is negatively sloped for a Giffen good. 
Statement-II: All Giffen goods are inferior goods but all inferior goods are not Giffen goods. 
In the light of the above statements, choose the correct answer from the options given below:

Based on following paragraph answer the question:
Goods and service tax is the single comprehensive indirect tax implemented on July 1, 2017. It is a destination based tax that has Input Tax Credit in the supply chain. GST is applicable throughout the country.
GST is considered the biggest tax reform since independence. It is implemented through 101th Constitutional Amendment Act.
The aim of GST is to reduce the cost of business operations and cascading effect of various taxes. By implementing GST it is expected that GDP will rise by about 2%. Compliance will also be easier as all tax payment related services are available online through a common portal. GST has expanded the tax base and introduced higher transparency in the taxation system.

Identify the type of merger in which the two companies are producing different goods and services for one specific finished product.

Which statement is correct in the context of revenue from customs duties as mandated by the Constitution?

Choose the correct pair of statements from given Column I and column II Match Column - I with Column -

Column - I		Column - II
A	Human development	I	Treats human beings as mewls too increase productivity
B	Human capital	II	Education and health are integral to human well-being
C	On the job training	III	Source of human capital
D	Physical Capital	IV	Tangible and can be easily sold in the market

Choose the correct answer from the options given below

The ratio of total deposits that a commercial bank has to keep with RBI is called:

Chronologically arrange the development path of china.
(A) Great Proletarian Cultural Revolution 
(B) Establishment of People's Republic of China 
(C) Introduction of reforms 
(D) Announcement of first Five Year Plan 
(E) Great Leap Forward campaign 
Choose the correct answer from the options given below:

Match LIST I with LIST II

LIST I		LIST II
A	Tea and Coffee	I	Complementary goods
B	Car and Fuel	II	Inferior goods
C	Low grade cereal food	III	Substitute goods
D	Good quality wheat	IV	Normal good

Choose the correct answer from the options given below

Match LIST I with LIST II

LIST I		LIST II
A	High powered money	I	\(\frac{1}{Cash Reserve Ratio}\)
B	Central Bank	II	Fixed by the RBI
C	Money multiplier	III	An apex hank of the country
D	Cash Reserve Ratio	IV	Currency issued by central bank

Choose the correct answer from the options given below

Sum of AMC and MPS is equal to ;

Suppose the price elasticity of demand for a good is (-)1. At a price of ₹4 per unit, demand for the good is 40 units. Suppose the price of the good increases to ₹6 per unit, and as a result, the demand for the good will be_____

In the given figure what will happen to aggregate demand curve (AD) when autonomous investment increases.

A consumer wants to consume two goods X and Y. The price of the goods are ₹2 per unit and ₹5 per unit respectively and his income is ₹30. What will be the slope of the budget line?

With an increase in marginal propensity to consume the value of investment multiplier will

Select the correct sequence that lead to the need for the introduction of New Economic policy 1991 in India:
(A) Foreign exchange reserves dropped 
(B) World Bank gave loan to manage crisis 
(C) New economic policy 1991 announced 
(D) India met with an economic crisis related external debt
 Choose the correct answer from the options given below:

This goal of Indian five year plans has emphasized on women empowerment and equal opptunity for women as for men in the society. Identify the Goal.

The problem of choice arises from:

A change in investment in an economy by ₹2,000 crores leads t an increase in its national income by ₹ 8,000 crores. What will be the change in consumption ?

Bank Rate is: