List of top Economics Questions

State the importance of growth with equity in Indian economic planning.
Navratna policy has facilitated the maintenance, promotion, and disinvestment of Public Sector Undertakings (PSUs). Justify the given statement with a valid explanation.
State and elaborate whether the following statements are true or false, with valid arguments: (i) Organic Farming has essentially become the need of the hour.
(ii) In the recent past, the Government of India has taken crucial steps, like Jan-Dhan Yojana, for efficient allocation of financial resources
Discuss any two salient features of the Indian industrial sector during the period of 1950-1990.
In India, National Education Policy 2020 has stressed a lot on in-service training of teachers. (i) Identify the source of Human Capital Formation (HCF) indicated in the aforesaid statement.
“Trade and Investment Policy of India had undergone comprehensive changes in the post reforms period of 1991.” Do you agree with the given statement? Justify your answer with any two valid arguments.
Identify which of the following is not a member nation of G20.
Identify which of the following is not a Human Development Indicator (HDI).
Read the following statements carefully: Statement 1: Land ceiling was one of the Government policies to promote equity in the agriculture sector. Statement 2: Land reforms resulted in the abolition of the Zamindari system in the post-independence period. (Choose the correct alternative)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative given below: Assertion (A): Goods and Services Tax (GST) was implemented by the Government of India on 8th November, 2016. Reason (R): GST was introduced to implement a unified indirect tax system in India. (Choose the correct alternative)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): The agricultural sector under British rule was primarily the base of the sectoral growth of India. Reason (R): British rulers wanted to take maximum advantage of the Indian agricultural output for the growth of industries in England. (Choose the correct alternative)
State any two examples of private goods.
“Gross Domestic Product (GDP) and sum of Gross Value Added (GVA) in an economy are always equal.” Justify the given statement with valid arguments.
Explain the concept of circular flow of income in a two-sector economy.
State the meaning of autonomous investment.
For a hypothetical economy, the government incurs an additional investment expenditure of Rs.5,000 crore. Assuming that the Marginal Propensity to Save (MPS) becomes half from its present level of 20 percent, estimate the change in income due to this fall in MPS.
Explain the "Banker’s Bank and Advisor" function of the Central Bank of a nation.
Elaborate the two components of Aggregate Supply in a two-sector economy.
State any three precautions to be taken while estimating National Income by Expenditure Method.
Discuss any two factors which directly affect the demand for foreign exchange of a nation.
Open market operations by the Reserve Bank of India (RBI) help in regulating money supply in the economy. Justify the given statement with valid arguments.
Read the following statements carefully: Statement 1: Constant rate of change of consumption (\(\Delta C\)) with respect to change in income (\(\Delta Y\)), is the reason for the straight-line consumption curve. Statement 2: Marginal rate of change between consumption and income is defined as Average Propensity to Consume (APC). (Choose the correct alternative)
Read the following statements: Assertion (A) and Reason (R). Choose the correct alternative from those given below: Assertion (A): In case of an unfavourable Balance of Trade, the Current Account of the nation may be in surplus. Reason (R): Net invisible receipts of a nation can exceed the Net visible receipts. (Choose the correct alternative)
In order to discourage any fall in Aggregate Demand, the Government of India may ------ the -----. (Choose the correct alternative to fill in the blanks)
Read the following statements carefully: Statement 1: Reserve ratio and Credit creation process are inversely related. Statement 2: Central Bank of an economy performs the vital function of controlling the credit creation process. (Choose the correct alternative)