List of top Economics Questions

In correlation analysis, the two variables
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Concepts} & \textbf{Their meaning} \\ \hline \text{(A) Foreign Exchange Swaps} & \text{(I) is a forward contract for standardized currency amounts and selected calendar dates traded on an organized market.} \\ \hline \text{(B) Forward Transaction} & \text{(II) refers to the avoidance of a foreign exchange risk or covering of an open position.} \\ \hline \text{(C) Foreign Exchange Futures} & \text{(III) refers to a spot sale of a currency combined with a forward repurchase of the same currency as part of a single transaction.} \\ \hline \text{(D) Hedging} & \text{(IV) refers to an agreement today to buy or sell a specified amount of a foreign currency at a specified future date at a rate agreed upon today.} \\ \hline \end{array}\] Choose the correct answer from the options given below:
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:
Assuming that the production function is homogeneous of degree one and Euler's equation holds, if \( MP_L \) (marginal product of labour) is greater than \( AP_L \) (average product of labour), then:

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 \( x \).

Coefficient of determination measures 

(A) Correlation between the dependent and independent variables. 
(B) The residual sum of squares as a proportion of the total sum of squares. 
(C) The explained sum of squares as a proportion of the total sum of squares. 
(D) How well the sample regression fits the data. 
Choose the correct answer from the options given below:
 

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)?
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Name of State} & \textbf{Dependency Ratio for 2023-24} \\ \hline \text{(A) Andhra Pradesh} & \text{(I) 66.3} \\ \hline \text{(B) Bihar} & \text{(II) 52.2} \\ \hline \text{(C) Kerala} & \text{(III) 41.4} \\ \hline \text{(D) Uttar Pradesh} & \text{(IV) 50.6} \\ \hline \end{array}\] Choose the correct answer from the options given below:
The direct tax to GDP ratio in India for the year 2022-23 is:
Linear regression model is:
Total foodgrain production (in million tonnes) in India for the year 2022-23 is:
Suppose that the random variable \( X \) takes on the values: -1, 0, and 2 with probabilities \( \frac{1}{8} \), \( \frac{1}{2} \), and \( \frac{3}{8} \) respectively. Find the expected value of \( X \).
Calculate the standard deviation for the following sample: 8, 7, and 9.
If we twice flip a balanced coin, what is the probability of getting at least one head?
The following are the reasons for firms to hold stock of inventories except:

As per Union Budget 2024-25, arrange the following sources of revenue in ascending order in terms of their contribution to the overall revenue of the central government for 2023-24: 

(A) GST and other related taxes 
(B) Income Tax 
(C) Union Excise Duties 
(D) Corporate Tax 
Choose the correct answer from the options given below: 
 

Arrange the following sectors in descending order as per the union government capital expenditure amount for FY2023-24: 

(A) Defence Services 
(B) Railways 
(C) Road Transport and Highways 
(D) Telecommunications 
Choose the correct answer from the options given below: 
 

Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Deficit} & \textbf{Level as \% of GDP for FY2021} \\ \hline \text{(A) Revenue Deficit} & \text{(I) 1.2} \\ \hline \text{(B) Fiscal Deficit} & \text{(II) 5.7} \\ \hline \text{(C) Primary Deficit} & \text{(III) 9.2} \\ \hline \text{(D) Current Account Deficit} & \text{(IV) 7.3} \\ \hline \end{array}\] Choose the correct answer from the options given below:
Match List-I with List-II \[\begin{array}{|c|c|} \hline \textbf{Types of Production Functions} & \textbf{Their Functional Forms} \\ \hline \text{(A) Translog Production Function} & \text{(I) \( q = \prod_{i=1}^{n} x_i^{a_i} \)} \\ \hline \text{(B) Generalised Leontief Production Function} & \text{(II) \( q = \sum_{i=1}^{n} a_i x_i^{\rho}, \ \rho \leq 1 \)} \\ \hline \text{(C) Cobb Douglas Production Function} & \text{(III) \( q = \sum_{i=1}^{n} a_{ij} x_i x_j \), where \( a_{ij} = a_{ji} \)} \\ \hline \text{(D) Constant Elasticity of Substitution Production Function} & \text{(IV) \( q = a_0 + \sum_{i=1}^{n} a_i \ln x_i + 0.5 \sum_{i=1}^n \ln x_i \)} \\ \hline \end{array}\] Choose the correct answer from the options given below:
In the case of classical economics, an increase in the nominal money stock causes:
Which of the following is excluded from headline inflation to arrive at core inflation?
According to monetarist thought, the natural rate of unemployment and output is not determined by:
The decision by consumers to buy larger quantities of a good at each possible price cannot be caused by:

Arrange the following theories in chronological order starting from oldest to latest: 

(A) Keynesian Theory of Demand for Money 
(B) Quantity Theory of Money 
(C) Cambridge Cash Balance Approach 
(D) Modern Quantity Theory of Money 
Choose the correct answer from the options given below: 
 

Which of the following statements are correct about the money multiplier? (A) It is the ratio of the stock of money to the stock of high powered money.
(B) It is always smaller than one.
(C) Its value depends on the reserve ratio and currency-deposit ratio.
(D) It is inversely related to the reserve ratio.
Choose the correct answer from the options given below: