List of top Economics Questions

Arrange the following steps of calculation of National Income in sequence: (A) Deduction of intermediate cost
(B) Estimation of value of output
(C) Add net factor income from abroad
(D) Deduction of depreciation and NIT
With keeping tax rate (T) constant if government purchases (G) increase, then arrange the following statements considering the effect on total income and output: (A) Rise in Plan Aggregate expenditure.
(B) Government runs a deficit when G exceeds T.
(C) Equilibrium income level increased.
(D) Aggregate demand schedule shifts upward.
In deficit condition of Balance of Payment if the central bank sells foreign exchange then this particular transaction is known as ........
Suppose an Indian manufacturer of steel acquires a steel manufacturing unit in Europe. This type of transactions are recorded in which of the following?
Arrange the following conditions from most to least liquid form: (A) Currency + Demand Deposit + Savings deposits with Post Office savings banks.
(B) Currency + Demand Deposit + Net time deposits of commercial banks + Total deposits with Post Office savings organizations.
(C) Currency + Demand Deposit.
(D) Currency + Demand Deposit + Net time deposits of commercial banks.
Arrange the following steps of estimation of National Income by income method in the proper sequence: (A) Identification and classification of producing firms.
(B) Estimation of NDP\textsubscript{FC}.
(C) Estimation of NNP\textsubscript{FC}.
(D) Classification of factor income.
The difference between the value of exports and the value of imports of goods of a country in a given period of time is known as by what name?
When governments intervene in the market to expand or reduce the demand, this course of action is ........
Ex-post is depicted by which of the following ........
Currency notes and coins are called:
Match List-I with List-II \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Cash Reserve Ratio (CRR)} & (I) & \text{Central Bank of the Country} \\ \hline (B) & \text{Statutory Liquidity Ratio (SLR)} & (II) & \text{The interest rate at which the money is lent by Central Bank} \\ \hline (C) & \text{Lender of last resort} & (III) & \text{Percentage of deposits which must be kept as cash reserves with the Central Bank} \\ \hline (D) & \text{Repo Rate} & (IV) & \text{Reserves in liquid form in the short term} \\ \hline \end{array} \]
Money deposited in the banks are considered __________ of the banks.
Among the following, which are the functions of money? (A) Medium of exchange.
(B) Unit of account.
(C) Bartering.
(D) Store of value.
When goods and services are evaluated at constant prices, the measured value is known as ........
Match List-I with List-II: \[ \begin{array}{|c|l|c|l|} \hline \textbf{List-I} & & \textbf{List-II} & \\ \hline (A) & \text{Gross Domestic Product at Market Price} & (I) & NDP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline (B) & \text{Net Domestic Product at Factor Cost} & (II) & GVA \text{ at basic prices} - \text{Net Production Taxes} \\ \hline (C) & \text{GVA (Gross Value Added) at factor cost} & (III) & C + I + G + (X - M) \\ \hline (D) & \text{Gross National Product at Factor Cost} & (IV) & GNP_{MP} - \text{Net Product Taxes} - \text{Net Production Taxes} \\ \hline \end{array} \]
The index of prices of a given basket of commodities which are bought by the representative consumer is known as:
To measure consumer price index (CPI) which of the following years are taken into consideration? (A) Current Year.
(B) Preceding Year.
(C) Base Year.
(D) Succeeding Year.
If all the people of the economy increase the proportion of income they save, the total value of savings in the economy will not increase – it will either decline or remain unchanged. This result is known as ......
Who is the author of "The General Theory of Employment, Interest and Money"?
Which of the following is an example of floor price?
Suppose an individual buys 30 bananas when its price is ₹10 per banana. When the price increases to ₹14 per banana, she reduces her demand to 24 bananas. In this case, what will be the price elasticity of demand?
How does technological progress affect the firms' supply curve?
Which of the following conditions must hold for a firm to maximise its profit? (A) Price = Short run marginal cost
(B) Short run marginal cost curve is non-decreasing
(C) Price \(\leq\) Marginal cost
(D) Price \(\geq\) Average variable cost
The point on the supply curve at which a firm earns only normal profit is called ..........
Marginal cost curve intersects average cost curve at ..........