List of top Economics Questions

Read the following statements carefully:
Statement 1: During the British rule in India, the export surplus was utilised to import invisible items from Britain.
Statement 2: Indians paid for the expenses incurred by an office set up by the colonial government in Britain. In the light of above statements, choose the correct option from the following:
Income generated from Aircrafts of Air India operating between Canada and England would be added to the domestic income (NDPFC) of ____________.
Identify which of the following is a `Stock' variable:
Define Gross Domestic Product.
List the three methods of measuring Gross Domestic Product of an economy.
Prepare a graphical representation of determination of equilibrium income in a two-sector economy.
Why do price ceilings lead to a shortage of commodities?
Given the consumption function \(C = 200 + 0.8Y\), \(I = 300\), find the equilibrium income.
How does a rise in exchange rate affect exports of a country?
Explain exchange rate and list any two factors affecting exchange rates.
Why a seller in a perfectly competitive market is unable to sell above the market price?
Define Government Budget.
Illustrate price ceiling with the help of a example.
Distinguish between cardinal utility analysis and ordinal utility analysis.
Explain the features of perfect competitive market. (Any 3 points)
List any three factors which leads to rightward shift of the supply curve of a firm.
A firm’s capital at the beginning of the year is ₹ 10 crores and new investment during the year is ₹ 3 crores. Identify the stock and flow variables in the statement.
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 the components of aggregate demand in a two-sector economy.
Write a short note on emergence of macroeconomics.
Explain the quantitative and qualitative instruments used by the central bank to control the money supply in the economy.
Explain the three types of budget.
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.