List of top Economics Questions

Defend or refute the following statements with valid arguments:
"The policy of protectionism encouraged the growth of domestic industries, but at the same time proved to be an impediment."
Explain the need and type of land reforms implemented in the agriculture sector.
How can businesses benefit from green finance?
State the public project areas where Sovereign Green Bonds are focused.
Define sustainable development.
Every coin has two sides – debate over farm subsidies is one such classic example. Justify the given statement with two arguments each in favor of and against the continuation of farm subsidies.
“Disposition Phase of circular flow of Income involves flow of factor Income, which comprises of rent, wages, interest, and profits from firms to households.” Defend or refute the statement, giving valid reasons in support of your answer.
If the value of the investment multiplier is 5, and the increased income is ₹800 crore, find the change in investment.
"Trade Deficit must exist, if a country is facing situation of Current Account Deficit (CAD)." Defend or refute the above mentioned statement with valid arguments.
\[ \begin{array}{|c|l|r|} \hline \textbf{S.No.} & \textbf{Items} & \textbf{Amount (in ₹ Crore)} \\ \hline (i) & \text{Tax Receipts} & 1,200 \\ \hline (ii) & \text{Revenue Expenditure} & 3,700 \\ \hline (iii) & \text{Non-Tax Receipts} & 2,000 \\ \hline (iv) & \text{Recovery of Loans} & 145 \\ \hline (v) & \text{Capital Expenditure} & 500 \\ \hline (vi) & \text{Disinvestment} & 120 \\ \hline (vii) & \text{Interest Payments} & 1,070 \\ \hline \end{array} \]

For a hypothetical economy, assume the government increased infrastructural investment by ₹10,000 crore. 80% of additional income is consumed in the economy. Estimate the increase in income and the corresponding increase in consumption expenditure in the economy.

Explain the changes that were observed in India's occupational structure during the British rule.
Estimate the value of Net National Product at Factor Cost (NNP\(_{FC}\)), using the following information: 
value of Net National Product at Factor Cos
“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.
(a) “United Nations Department of Economic and Social Affairs indicated that India has overtaken China as the world’s most populous country in the month of April 2023.”
Explain the consequences of the one-child policy adopted by China in the 1970s.
State any two liberty indicators.
On the basis of the data given below for an imaginary economy, estimate the value of Net Domestic Product at Factor Cost (\(NDP_{FC}\)): \[ \begin{array}{|l|l|l|} \hline \textbf{S. No.} & \textbf{Items} & \textbf{Amount (in ₹ crore)} \\ \hline (i) & \text{Gross Domestic Fixed Capital Formation} & 300 \\ (ii) & \text{Exports} & 70 \\ (iii) & \text{Government Final Consumption Expenditure} & 400 \\ (iv) & \text{Consumption of Fixed Capital} & 50 \\ (v) & \text{Household Final Consumption Expenditure} & 590 \\ (vi) & \text{Inventory Investment (Net)} & -60 \\ (vii) & \text{Imports} & 80 \\ (viii) & \text{Net Indirect Taxes} & 50 \\ (ix) & \text{Net Factor Income from Abroad} & 40 \\ \hline \end{array} \]
Goals of Equity were fully served by the ‘abolition of intermediaries’ in agriculture in the post-independence period of India. Do you agree with the given statement? Support your answer with valid arguments.
“Under the liberalisation measures taken by the Government of India, Trade and Investment Policy reforms were extremely crucial.” Reject or support the given statement with valid arguments.
Arrange the following items in correct sequence :
(A) Competition Act
(B) FEMA
(C) FERA
(D) MRTP
Choose the correct answer from the options given below :
Discuss any two factors that lead to stagnating Indian agriculture sector during British rule.

During the British rule, India’s foreign trade had various features except _________ .

Paradox of Thrift implies:
If the domestic income of an economy is 2500 crores, the factor income from abroad is 300 crores, the consumption of fixed capital is 150 crores and Net National Product at factor cost is 2400 crores, then the Factor income paid to abroad will be: