List of top Economics Questions

Explain the functions of central bank.
If investment increases by 200 crores and MPC is 0.2, what will be the increase in total income?
What are the central problems of an economy in relation to scarce resources?
What are the features of perfect competition?
Explain the three types of budget.
What is GDP deflator? Distinguish between Real GDP and Nominal GDP.
A garment factory replaces 50 workers with some machines to reduce the costs of production. Which central problem of an economy is being added in the statement?
An individual unit who takes decisions relating to its own consumption is
Which of the following cost curve is a rectangular hyperbola?
The situation where market supply equals market demand is called
The point on which a firm earns only normal profit in the short run
The consumption that takes place when income is zero. It is called
When income increases, the budget line shifts towards
Want satisfying capacity of a commodity
The year in which J.M. Keynes published his book 'The General Theory of Employment, Interest and Money'.
Calculate National Income:
Compensation of employees = ₹500 crore
Rent = ₹100 crore
Interest = ₹150 crore
Profit = ₹250 crore
Mixed Income = ₹50 crore
Distinguish between change in quantity demanded and change in demand.
Explain the law of diminishing marginal utility with schedule.
Discuss the role of NITI Aayog in economic development of India.
Explain the causes and effects of inflation.
Explain the determination of equilibrium price with the help of a diagram.
Explain any two functions of Reserve Bank of India (RBI).
What are the objectives of government budget?
Explain the concept of GDP at market price and GDP at factor cost.
Assertion (A): Increase in bank rate reduces money supply.
Reason (R): Bank rate is the rate at which RBI lends to commercial banks.