List of top Economics Questions

Read the following statements - Assertion and Reason (R). Choose the correct alternative given below: Assertion : The excessive regulation of permit license raj prevented certain private firms from becoming fairly competitive. Reason (R): Private sector wasted huge amounts in obtaining licenses rather than on improving the product quality and international competitiveness.
Identify which of the following alternatives indicate the incorrect components combination of the Agriculture Marketing System:
Discuss briefly the concept of circular flow of income in a two-sector model.
Interest received on loan.
Distinguish between ‘Fiscal Deficit’ and ‘Revenue Deficit’.
The Central Bank is the sole currency issuing authority of an economy.
Disinvestment receipts from the sale of a government company.
Identify and discuss the economic issue indicated in the above text.
Discuss the likely consequence on money supply if the rate-setting panel had decreased the said rate.
“In an economy, ex-ante Aggregate Supply is less than ex-ante Aggregate Demand.” Explain its impact on the level of output, income, and employment.
Elaborate the concept of Externalities with the help of a suitable example.
Distinguish between Fixed Exchange Rate System and Flexible Exchange Rate System.
Define Operating Surplus.
Suppose, the Balance of Trade of an imaginary economy shows a favourable balance of Rs. 500 crore. The values of merchandise exports are Rs. 1200 crore and transfer payments are Rs. 400 crore. The value of merchandise imports would be Rs. ------ crore. (Choose the correct alternative to fill in the blank)
Total consumption expenditure by households under Keynesian Economics is a combination of ----- and ----.
Read the following statements - Assertion and Reason (R). Choose the correct alternative given below:
Assertion : Full employment situation refers to absence of involuntary unemployment.
Reason (R): Under full employment situation, all the willing and able-bodied people get employment at the prevailing wage rate.
Suppose for a hypothetical economy:
\( C = 100 + 0.75Y \) (where \( C \) = Consumption and \( Y \) = Income)
\( I_0 = 400 \) (\( I_0 \) = Autonomous Investment)
Value of Investment Multiplier (K) would be ------ . (Choose the correct alternative to fill in the blank)
As per the National Stock Exchange (NSE) data, dated 9th June, 2023, there was a net selling off worth 309 crore by Foreign Institutional Investors (FIIs) over the period of one month i.e., 9th May, 2023 - 9th June, 2023.
The above-mentioned transactions will be recorded on ------ side of ------ account of Balance of Payments of India.
Surplus in Balance of Payments (BOP) refers to the excess of -------. (Choose the correct alternative to fill in the blank)
Identify the correct equation from the following:
Read the following statements carefully:
Statement 1: If in an economy the level of income increases (\( \Delta Y \)), it will always proportionately increase the level of consumption (\( \Delta C \)).
Statement 2: Marginal Propensity to Consume (MPC) and Marginal Propensity to Save (MPS) are always equal to each other.
Choose the correct alternative from the following: