List of top Economics Questions

List the components of aggregate demand in a two-sector economy.
Explain the functions of central bank.
Explain the conditions required for profit maximization of a perfectly competitive firm in short run.
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?
What are the features of perfect competition?
Explain the three types of budget.
If investment increases by 200 crores and MPC is 0.2, what will be the increase in total income?
What is GDP deflator? Distinguish between Real GDP and Nominal GDP.
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?
Which of the following cost curve is a rectangular hyperbola?
The situation where market supply equals market demand is called
An individual unit who takes decisions relating to its own consumption is
The consumption that takes place when income is zero. It is called
The year in which J.M. Keynes published his book 'The General Theory of Employment, Interest and Money'.
When income increases, the budget line shifts towards
The point on which a firm earns only normal profit in the short run
Want satisfying capacity of a commodity
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.
Discuss the role of NITI Aayog in economic development of India.
Explain the causes and effects of inflation.
Explain the determination of equilibrium price with the help of a diagram.
Explain any two functions of Reserve Bank of India (RBI).