List of top Economics Questions

Explain the concepts of 'total fixed cost', 'total variable cost', and 'total cost'.
Describe the characteristics of a 'Perfectly Competitive Market'.
Explain the concepts of 'Revenue deficit', 'Fiscal deficit' and 'Primary deficit'.
What do you understand by Balance of Payments? Write the main items of Current account and Capital account related to it.
Write the definition of 'central bank'. Describe the various functions of a central bank.
Show the short-run equilibrium income of an economy with a diagram.
Explain the process of price determination of a commodity in a perfectly competitive market with the help of a diagram.
What do you mean by 'long-run' in production? Explain the laws of returns to scale.
Describe the items of Revenue Budget and Capital Budget of the Government.
Describe the types of price elasticity of demand and describe the factors affecting elasticity of demand.
Show the 'Circular flow of income' with diagram.
Write the Law of Diminishing Marginal Productivity.
Write the main characteristics of a market economy.
Show the equilibrium of a consumer with the Indifference Curve Technique.
What is the meaning of the 'Paradox of Thrift'?
What do you mean by 'Gross Domestic Product at Factor Cost'?
Full employment level of income of an economy is that level of income where:
Which one of the following is a direct tax?
Explain the meaning of Microeconomics.
The Average Propensity to Consume (APC) is measured by:
Differentiate between normal goods and inferior goods.
Draw an 'Indifference curve map'.
Who recommends demonetization of currency notes to the Government of India?
With reference to production, short run is that situation where:
The supply curve of a firm in the short-run is generally: