List of top Economics Questions

Discuss the impacts of Special Economic Zones (SEZs) on the economic growth of China.
State any two problems faced by farmers during the initial years of organic farming.
“Despite the implementation of Green Revolution, 65 per cent of India’s population continued to be engaged in the agriculture sector till the 1990s.” Justify the given statement with valid explanation.
Elaborate the reasons owing to which the private sector was regulated under the Industrial Policy Resolution, 1956.
Identify from the following alternatives the incorrect objectives of regulated agriculture market:
Economic reforms were introduced in India and Pakistan in the years ------ and -------, respectively. (Choose the correct alternative to fill in the blanks)
Read the following statements - Assertion and Reason (R). Choose the correct alternative given below: Assertion : World Trade Organization (WTO) is expected to establish the rule-based trading regime, to avoid unilaterally placed arbitrary restrictions by member nations. Reason (R): It is imperative to enlarge world production and ensure optimum utilization of world resources along with environmental protection.
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.
“Real Gross Domestic Product (GDP) is a better indicator of economic growth of a nation as compared to the Nominal Gross Domestic Product (GDP).” Do you agree with the given statement? Justify your answer with a valid hypothetical numerical example.
In the decade of the 1970s, Pakistan nationalized its ----- industries. (Choose the correct alternative to fill in the blank)
Interest received on loan.
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.
Distinguish between ‘Fiscal Deficit’ and ‘Revenue Deficit’.
“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.
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)
Elaborate the concept of Externalities with the help of a suitable example.
Distinguish between Fixed Exchange Rate System and Flexible Exchange Rate System.
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.