List of top Economics Questions asked in Indian Institute Of Technology Joint Admission Test for MSc

Mid-day meal scheme for Indian school children was first introduced in ............
Tax buoyancy is defined as .............
If average variable cost (AVC) curve is an upward sloping straight line through the origin, then the marginal cost curve will be ............
Consider the statements I and II in a monopolistically competitive market scenario:
I. In the long-run equilibrium, the price of the good will be equal to the minimum of the average total cost.
II. In the short run, firms may earn a positive profit.
Which of the following options is CORRECT?
In a two-goods consumption framework, Engel curve shows the relationship between ..........
Theory of revealed preference is used to derive ............
Consider a firm that produces a single good using labour and capital. Let \( C, Q, L, K, w, r, p \) denote cost of production, level of output, labour, capital, wage rate, price of capital, and the price of output, respectively.
An example of the cost function for this firm is .........
Consider a consumer with the utility function, \( U(x, y) = y + \sqrt{x} \), where \( x \) and \( y \) are quantities of two commodities consumed.
Which one of the following is TRUE?
According to the IS-LM model, if the central bank increases money supply, then the rate of interest will ........... and the income will ..............
Consider the following cases:
I. Rosy buys a 50-year-old house for her family this year.
II. This year, Cathy builds a new house for herself.
The total investment in the economy in this context is ..........
Which one of the following statements is CORRECT?
Public sector undertakings can affect the government exchequer through
If \( Y = L^a K^b \) is a Cobb-Douglas production function with two factors labor and capital, then the presence of constant returns to scale exhibited by the production function can be tested using ...........
If \( \hat{\beta} \) is a consistent estimator of a population parameter \( \beta \); \( \epsilon \) and \( \delta \) are very small quantities, then ..........
"Garibi Hatao" (removal of poverty) and "Growth with Justice" were the slogans of which Five Year Plan.
Which is NOT a function of the Reserve Bank of India?
Which one of the following is CORRECT in the context of a natural monopoly?
If a Japanese citizen owns an apartment in India, then the rental income that she earns from that apartment is part of
The consumer price index (CPI) differs from the GDP deflator since it includes goods and services ............. rather than goods and services ...............
The inflation targeting policy adopted by the Reserve Bank of India in 2015 prescribed the targeted inflation to vary between ______ percent.
Which one of the following is distinct from the others?
Which one of the following is the shut-down condition for a profit-maximizing firm in a perfectly competitive market? P - Price, AVC - Average Variable Cost, ATC - Average Total Cost
In 1991, ............. Committee was set up by the Government of India to examine the structure, organisation, and functions of the Indian financial system.
For a positively skewed frequency distribution, ,...............