List of top Economics Questions

Consider the following information for a country:

In an expectations-augmented Phillips curve equation, expected inflation rate and natural rate of unemployment are \(5\%\) and \(4\%\), respectively. The responsiveness of inflation to unemployment gap is \(0.5\). If actual unemployment rate is \(5\%\), then the actual inflation rate (in %) is (rounded off to one decimal place).

The arithmetic mean of consumption expenditures for \(5\) members is Rupees \(40\), with standard deviation of Rupees \(7\). Three new members are added in the group, and their consumption expenditures (in Rupees) are \(30\), \(35\), and \(40\). Then, the standard deviation of consumption expenditures of these \(8\) members is (rounded off to two decimal places).

Harmonic mean of the following twelve observations: \(15, 20, 20, 5, 20, 20, 15, 20, 15, 20, 20,\) and \(20\) is (rounded off to one decimal place).

Which of the following indicator(s) is/are used by the NITI Aayog’s Sustainable Development Goal (SDG) India Index 2023-24 report to measure India’s performance towards SDG 10 (Reduced Inequalities)?

Identify the regulatory institution(s) in India.

In the context of Keynesian money demand, ceteris paribus, the real demand for money increases when

Identify the CORRECT statement(s) in the context of an open economy.

Identify the CORRECT feature(s) of the Indian labour market since the year 2000.

Consider the following goods and money market equations. Identify the CORRECT option(s).

Which of the following statement(s) is/are CORRECT regarding Skill Development in India as highlighted in the Economic Survey 2024-25?

Consider the statements I, II, and III:

Consider the Mundell-Fleming model with flexible exchange rate for a small open economy characterised by a downward sloping IS curve and a vertical LM curve. If the risk premium of the country increases, then which one of the following options is CORRECT?

Consider a closed economy IS-LM model with downward sloping IS curve. If there is an increase in government spending, then which one of the following statements is CORRECT?

In India, plan-holiday was declared between

Which one of the following statements is CORRECT in the context of the Keynesian Absolute Income Hypothesis?

In the context of Reserve Bank of India’s monetary policy, which one of the following options represents the CORRECT order of magnitude?

Which one of the following statements is CORRECT in the context of price indices?

Which one of the following statements regarding Romer’s Endogenous Growth model and Solow’s Growth model is CORRECT?

For a sample of employees participating in an annual appraisal, the effect of the participants’ performance on their wages is studied. Information are collected, and variables of interest are defined below:

The Taylor rule is used by the Central Banks mainly

Which one of the following statements is CORRECT in the context of Gross Domestic Product (GDP) calculation?

The Permanent Settlement Act of 1793 primarily aimed at

Let \(Y_t\) be the value of \(Y\) in year \(t\). The natural logarithmic value of \(Y_t\) is regressed on \(t\). A simple linear regression yields the statistically significant estimates of intercept and slope coefficient as \(12\) and \(0.1512\), respectively. The calculated compound annual growth rate of \(Y\) is

The relationship between tax revenue and tax rate is represented by _ _ _.