List of top Economics Questions

Calculate equilibrium price and quantity from the given equations.
If consumer income increases, demand for normal goods also increases. What will be its effects on equilibrium price and equilibrium quantity?
List any three factors which leads to rightward shift of the supply curve of a firm.
Explain the quantitative and qualitative instruments used by the central bank to control the money supply in the economy.
List the components of aggregate demand in a two-sector economy.
If investment increases by 200 crores and MPC is 0.2, what will be the increase in total income?
Explain the functions of central bank.
The market price of a good increases from Rs. 10 to Rs. 25. Therefore, the quantity supplied by the firm increases from 15 to 20 units. Calculate the price elasticity of supply.
What are the central problems of an economy in relation to scarce resources?
Explain the conditions required for profit maximization of a perfectly competitive firm in short run.
What are the features of perfect competition?
Explain the three types of budget.
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
What is GDP deflator? Distinguish between Real GDP and Nominal GDP.
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
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'.
The consumption that takes place when income is zero. It is called
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.