List of top Economics Questions

Arrange the following statements depicting the impact of an increase in demand for imports on the foreign exchange market.
(A) Demand for foreign goods and services increases.
(B) Shift in demand curve towards right.
(C) Depreciation of domestic currency in terms of foreign currency.
(D) Increase in exchange rate.
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Calculate the change in the value of equilibrium income when the government increases spending by 100 at a given marginal propensity to consume 0.8.
Select the correct statements in the context of public goods.
(A) Collectively consumed.
(B) may be produced by government or private sector
(C) Non-rivalrous.
(D) Non-excludable.
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Foreign trade influences the economy's aggregate demand in which of the two ways?
Match List-I with List-II
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An increase (decrease) in autonomous spending causes aggregate output of final goods to increase (decrease) by a larger amount due to ________.
The function of the investment multiplier of the economy is denoted as:
What is the new equilibrium income when the investment rises from 10 to 20 at a given consumption function:
\(C = 40 + 0.8Y\)
If the equilibrium level of output is less than the full employment of output, this situation is called the situation of
Which one of the following functions is NOT the objective of government budget.
If the bank is only expected to keep 50 percent of its deposits as reserves. What is the value of a money multiplier?
Match List-I with List-II
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In India, which authority regulates and sterilises the money supply in the economy?
The purchase or sale of government securities by the central bank to increase or decrease the money supply in the economy is called?
The rate of increase in ex-ante consumption due to a unit increment in income is called?
As a determinant of firm's supply curve, if the wage rate of labour increases the firm's marginal cost curve will shift?
The economic transactions of the domestic country with the rest of the world considered as an important sector in an economy, is called ________.
In the short-run, if there is a positive level of output at which a firm's profit is maximised. Which of the following conditions must hold at that output level?
(A) The price must be less than the short-run avegare cost.
(B) The price must be equal to the short-run marginal cost.
(C) Price must be greater than equal to the short-run average variable cost.
(D) Short-run marginal costs must be non-decreasing.
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In a perfectly competitive market, whenever there is imbalance in the market, the prices are adjusted by the ________.
Which one of the following statements is NOT true in the context of the imposition of a price ceiling by the government on the market for kerosene.
The most influential economics book, the “General Theory of Employment, Interest and Money” of the twentieth century written by John Maynard Keynes, was published in the year ________.
Match List-I with List-II
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Isoquant is just an alternative way of representing the production function. Which one of the following is NOT a characteristic of an isoquant.
Find the price elasticity of demand for chocolate pastries, when the price of a pastry increases from Rs. 10 per pastry to Rs. 15 per pastry and demand reduces from 20 pastries to 10 pastries.
Arrange the following statements in correct sequence with respect to the law of variable proportions:
(A) Initially total production increase at increasing rate
(B) When one input(variable) increases, keeping other inputs constant
(C) After reaching to its maximum level total products starts declining
(D) With the increase in variable input total product starts increasing at diminishing rate
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