List of practice Questions

Arrange the following Chairmen of the Finance Commission as per their year of appointment in chronological order starting from the oldest to latest: (A) A M Khusro
(B) N K Singh
(C) Vijay Kelkar
(D) N K P Salve
Choose the correct answer from the options given below:

Expenditure towards the maintenance of embassies and diplomatic missions are included in which of the following accounts of the balance of payments.

According to monetarist thought, the natural rate of unemployment and output is not determined by:

Which of the following is not a type of non-random sampling?

Calculate the standard deviation for the following sample: 8, 7, and 9.

If the probability function for a random variable $ x $ is given as $ f(x) = \frac{x+3}{15} $ when $ x = 1, 2, 3 $, find the sum of the values of the probability distribution for $ x $.

Let the total cost (TC) = $ C = f(X) $ for a firm in the short run, which of the following expressions represents the correct relationship between marginal cost (MC) and average cost (AC)?

The decision by consumers to buy larger quantities of a good at each possible price cannot be caused by:

The statement that "currency held in the hand yields no income" is given by:

An individual's utility function for two goods - milk (M) and butter (B) is given as $ U(M,B) = 5M - 10B $, and the cost of each unit of the two goods is Rs 1, with a weekly budget of Rs 5. Find the individual's utility maximizing choice.

In the context of the Keynesian concept of a multiplier, a $\$$1 increase in government spending financed by a $\$$1 increase in taxes will cause equilibrium income to:

Which of the following does not hold at the equilibrium price and quantity in a perfectly competitive market?

Linear regression model is:

One of the conditions for national income or output to be in equilibrium is that the desired investment (Id) must equal the realised investment (Ir). If $ I_d > I_r $, the difference results in:

Which of the following is not correct about the offer curves?

Which of the following is not true about the Classical and Keynesian aggregate demand (AD) and aggregate supply (AS) schedules?

Which of the following is not the correct assumption of the Heckser-Ohlin theory of international trade?

With respect to the landholding pattern in India, "medium" farmers refer to those who have a landholding in the range of:

The direct tax to GDP ratio in India for the year 2022-23 is:

In which of the following year India had a surplus in its current account?

Total foodgrain production (in million tonnes) in India for the year 2022-23 is:

Given the two matrices $ A = \begin{bmatrix} 1 & 2 \\ 4 & 3 \end{bmatrix} $ and $ B = \begin{bmatrix} 5 & 9 \\ 0 & 3 \end{bmatrix} $, find $ AB $.

If A and B are symmetric matrices of the same order, which one of the following is not correct?