List of top Economics Questions

Match List - I with List- II.

List - I	List - II
(A) Normal goods	(I) These goods are consumed together
(B) Inferior goods	(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods	(III) These goods are used in place of each other
(D) Complementary goods	(IV) Demand for the good increases as income of consumer increases

Choose the correct answer from the options given below:

Under the Union Budget 2022, Government during the budget announced to impose higher taxes on the people earning more than two crore rupees and use that money in providing LPG cylinder subsides to poor people under Ujjawala yojana. Which objective of Government budget is achieved?

Which of the following is a stock concept?

Match List - I with List- II.

List - I	List - II
(A) Barter Exchange	(I) Medium of Exchange
(B) Money Supply	(II) MI
(C) Function of Money	(III) Goods for Goods
(D) Measure of Money Supply	(IV) Stock Concept

Choose the correct answer from the options given below:

Privatisation of the Public Sector enterprises by selling a part of PSE to the Public is known as :

If autonomous receipts are less than autonomous payments, the balance of payments of an economy will be ____________

Identify the type of poverty represented by the following figure.

“India should make a transition to the Knowledge Economy”.
The above statement implies that strength of India lies in :

Multiplier being 5 times, an incremental investment of ₹ 100 crores leads to an incremental income of-

Economic Activities are best defined as those activities that :

Arrange the following in chronological order of their enactment.
(A) National Bank for Agriculture and Rural Credit
(B) Right to Education Act
(C) Task Force on Projections of Minimum Needs and Effective Consumption Demand
(D) Nationalisation of Banks
Choose the correct answer from the options given below :

Identify the statement that correctly relates to human capital.
A) It is based on the idea that education and health are not integral to human well-being.
B) It considers education and health as a means to increase labour productivity.
C) It treats human beings as a means to an end (increase in productivity).
D) It considers any investment in health and education as unproductive if it does not merease output of goods and services.
E) It considers human beings as ends in themselves.
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In an economy, the consumption function is C=500+0.75Y. Calculate equilibrium level of income, when investment expenditure is ₹ 5,000.

Among the following which option is included in Social Infrastructure ?

Consider the following as steps in the estimation of National Income of an economy by product value added method. Arrange them in proper sequence.
A) Add net factor income from abroad (NFIA).
B) Calculate cost of secondary inputs of all the sectors.
C) Determine Net Value added at factor cost.
D) Determine Gross Value Added.
E) Calculate value of output of all the sectors.
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Identify the economic state whereby financial transactions are not connected with money in the form of physical bank notes or coins but rather through the transfer of digital information between the transacting parties :

Assuming aggregate supply perfectly elastic and AD curve downward sloping then, under the circumstances aggregate output is determined solely by the level of aggregate demand. This is known as :

Both India and Pakistan, have many similarities in the context of various economic policies. Identify the similarities.
(A) Both the economies have adopted mixed economy
(B) Both the countries have adopted reforms near to 1990s
(C) Both countries got independence from France
(D) Both countries uses collective ownership of Land
(E) Both countries have NITI Ayog
Choose the correct answer from the options given below :

Arrange the following statements related to Fiscal and Monetary Policy in a logical order.
(A) Reduction in the flow of money - open market - increasing the tax
(B) Aggregate Demand increases
(C) Supply could not Match Demand
(D) Income Increases
(E) Inflation - Price Rise
Choose the correct answer from the options given below :

In an Economy, the value of multiplier is 4 times, and autonomous consumption is ₹30 crore. The relevant consumption function for this economy would be:

In the Balance of Trade, Non-factor Income like banking and tourism is considered as :

Match List-I with List-II.

List - I		List - II
(A)	Visible Items	(I)	Consultancy Service hired from China
(B)	Capital Transfer	(II)	Loan received by Central Government from State Government
(C)	Invisible Items	(III)	Grants received from World Bank
(D)	Unilateral Transfers	(IV)	Purchase of goods from japan

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Cash Reserve Ratio (CRR) is :

In Pakistan most of the foreign exchange earning come from one among the following. Choose the correct option.

Identify the set of correct Statements :
(A) Fixed Exchange rate is regulated by the Government
(B) Flexible Exchange rate is regulated by the market forces
(C) Dirty Floating is a hybrid of Fixed and Flexible Exchange rate system
(D) Flexible exchange rate system is also known as dirty floating
(E) Fixed exchange rate keeps on changing with the change in demand and supply of Foreign Exchange
Choose the correct answer from the options given below :