List of practice Questions

Which of the following statements are true with regard to Adam Smith
(A) He is known as founding father of Modern Economics
(B) He authored the Book," Principles of Macro Economics".
(C) "An Enquiry into the Nature and cause of the Wealth of Nations" is his celebrated work
(D) Adam Smith gave the noted concept of 'Positivism
(E) He was a professor at the University of Glasgow.
Choose the correct answer from the options given below:
The book "The Principles of Political Economy and Taxation" is written by-
In which of the following schemes, launched in the year 2000, indigent senior citizens are provided with free of cost food grains as a measure of food security:
According to ____________________, if other things being equal, there is a negative relation between demand for a commodity and its price; when price of the commodity increases, its demand falls.
Which of the following UN conference on climate change held in 1997, resulted in an international agreement to fight global warming which called for reductions in emissions of greenhouse gases by industrialized nations-
When tax imposition leads to a disproportionate rise in prices that is, by an extent more than the rise in the tax, it is known as:
Price Ceiling refers to-
Who among the following has played a crucial role in formulation of initial Five Year Plans and is also known as the Architect of Indian Planning.
What is a Cardinal Utility Analysis.

Match List-I with List-II

List-I (Book/Work)List-II (Author(s))
(A) India's Economic Crisis: The Way Ahead(III) Jagdish Bhagwati
(B) India: Economic Development and Social Opportunity(II) Jean Dreze and Amartya Sen
(C) India Divided(IV) Rajendra Prasad
(D) India in Transition: Freeing the Economy(I) Bimal Jalan
____________________ is generally caused by a sudden crisis as loss and often includes temporary disasters, divorce or severe health problems.
The change in the optimum quantity of a good when its price changes and the consumer's income is adjusted so that she/he can just buy the bundle that she/he was buying before the price change is called________________
'Operation Flood' was initiated from which of the following states:
Poverty has been defined on the basis of recommended nutritional requirements of ____________ calories per person per day for rural areas and ____________ calories per person per day in urban areas.

Match List-I with List-II

List-I (Term)List-II (Definition)
(A) Oligopoly(IV) A market consisting of more than one (but few) sellers
(B) Marginal Cost(III) Change in total cost per unit of change in output
(C) Duopoly(II) A market with just two firms
(D) Cost function(I) For every level of output, it shows the minimum cost for the firm
Supreme Court of India came into being on

Match List-I with List-II

List-I (Initiative)List-II (Explanation)
(A) Kudumbashree(II) Women oriented community based poverty reduction program in Kerala
(B) Sansad Adarsh Gram Yojana(I) Member of Parliament identifies and develops a village from his/her constituency
(C) Appiko(III) A people's movement to protect forests in Karnataka
(D) TANWA(IV) A project to train women in latest agricultural techniques
A deliberate sale of a part of the capital stock of a company to raise resources and change the equity and/or management structure of a company is known as:
Which theoretical assertions propound that countries grow fast and living standards rise when resources shift into industrial activities because manufacturing industry experiences considerable static and dynamic returns to scale:
The power of court to punish for contempt (contempt of court) is enacted under
____________________ of the Indian Constitution begins by saying that there shall be a parliament for the union.
Which of the following is a form of direct tax?
In which city the headquarter of Insurance Regulatory and Development Authority located?
The ________________ Commission established by the United Nations Organization in 1986 studied world's environmental problems and propounded the notion of 'sustainable development':
Advocate- General for states is appointed by