List of top Economics Questions

Exchange Rate is the price of a currency expressed in terms of.

Match List I with List II

LIST I		LIST II
A	Self-reliance	I	Increase in Production
B	Modernisation	II	Avoiding imports
C	Growth	III	Benefits to rich and poor
D	Equity	IV	Adopting new technology

Choose the correct answer from the options given below:

Which of the following is studied under micro economics?

Which of the following is not a central problem of an economy?

Identify the correct formula of calculating of domestic income by Expenditure Method

Choose the correct example of Revenue Expenditure.

Match List I with List II

LIST I		LIST II
A	Stocks	I	Expected constant loss in value of a capital
B	Flows	II	Unexpected destruction of capital
C	Depreciation	III	Have time dimension
D	Capital loss	IV	Do not have any time dimension

Choose the correct answer from the options given below:

Which article of the Indian constitution provides for the institution of Panchayati Raj?

Consider the two conclusions together and decide which of them logically follows beyond a reasonable doubt from the information given in the statement.
Statement : Irregularity is a cause for failure in UPSC exam. Some regular students fail in the examinations.
Conclusions : (I) All successful students are not regular.
(II) All failed students are regular.

If SPRING is coded as RTOQQSOMOFH, then the code for MEDIUM will be:

Find the number having the same relationship with the number given to right 3:81 :: 4:?

Statements which is the true regarding time value of money concepts is:

The tax Rates in India is fixed by:

In the central Govt. Budget, which one is treated as the capital receipt:

The Inflation occurs when the aggregate demand increases at a much higher rate than the aggregate supply is called:

AB Ltd uses the following standard mix for production of 'A' goods. 50 kgs. of material X at standard price ₹.20, 20 kgs of material Y at standard price ₹ 40. The Actual mix was:
60 kgs of material X
10 kgs. of material Y
what will be material mix variance ?

Which type of costing technique is appropriate in the following situations:
When each work is Unique.
When each work is easily identifiable
when costs are assigned to, and Accumulated for each work.

The cost of second best alternative is known as:

The technique in which only variable costs are taken into Account for the purpose of product costing, inventory valuation and other allied important management decisions is known as :

Match List-I with List-II :

List-I		List-II
(A)	Phillips curve	(I)	Consumption per capita maximum at steady state
(B)	Vertical AS curve	(II)	Debt financing by bond issues merely postpones taxation
(C)	Golden rule level of savings	(III)	Trade-off between inflation and unemployment
(D)	Ricardian equivalence	(IV)	No long-run trade-off between inflation and unemployment

Choose the correct answer from the options given below:

The fiscal deficit, revenue deficit and interest payments of a country are R53,344, R 34,355 and R 10,144 crores respectively. What is the primary deficit?

The data on State Domestic Product are collected for one state of India for the period 1990 to 2010. Such a dataset is an example of:

Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R.
Assertion A: According to the Heckscher-Ohlin model, free trade results in equalisation of factor prices across nations.
Reason R: This is because the model assumes perfect international mobility of the factors of production.
In the light of the above statements, choose the correct answer from the options given below:

The expansion path identifies

Consider an economy with perfect capital mobility, fixed price level and fixed exchange rate. What will be the effect of a rise in foreign interest rate on output of this economy?