List of top Indian Economy Questions

Which of the following is NOT related to the structural adjustment programmes implemented in India after 1991?

Which of the following measures was announced by the Government of India in the year 1994?

Matching List I and List II, choose the CORRECT option(s).

List I	List II
a. Bombay Plan	i. J. P. Narayan
b. People's Plan	ii. J. R. D. Tata
c. Sarvodaya Plan	iii. M. N. Roy

In the context of Indian agriculture, which of the following statements is/are CORRECT?

ACD Bank holds a total deposit of Rs. 256412. To expand the money supply in the economy during the COVID-19 pandemic period, the Reserve Bank of India reduces the cash reserve ratio (CRR) from 4.5% to 3.5%. Due to this policy change, the additional money supply generated by ACD Bank is Rs. ____ (in integer).

Given the production function Q = 6√L and the supply of labour L = √w, where L and w denote the number of labours and wage rate, respectively. If the unit price of the product is Rs. 243, then the profit maximizing value of w is Rs. _____ (in integer).

Let the production function be Q = \(\sqrt{L^2 + K^2}\) the unit price of labour (L) and capital (K) be Rs. 30 and Rs. 40, respectively, and the total cost be Rs. 580. Then the maximum value of Q subject to the cost constraint is ______ (round off to 2 decimal places).

The demand curve for tea in Borduria is given by \[ D(P) = 40 - 2P \] and the domestic supply curve of tea in Borduria is given by \[ S(P) = \frac{2}{3}P \] Here \(D(P)\) denotes quantity demanded when price is \(P\) and \(S(P)\) is quantity supplied by domestic producers at price \(P\). Tea is traded in a competitive world market and imported into Borduria at a price of 9 per unit. Initially there was no restriction on trade. However, as a result of lobbying by the domestic suppliers, the Bordurian government imposes a tariff of 3 per unit on each unit imported. As a result of the tariff, import of tea decreased by how many units?

Bretton Woods agreement gave birth to the following organization:

Suppose we estimate the following regression equation: \[ \ln(x_t) = \alpha_0 + \alpha_1 \ln(y_t) + \epsilon_t, \quad \alpha_0, \alpha_1>0 \] where \(x_t\) and \(y_t\) are some variables, \(\alpha_0\) and \(\alpha_1\) are the intercept and the slope, respectively, and \(\epsilon_t\) is the residual term. What is the interpretation of the coefficient \(\alpha_1\)?