List of top Economics Questions

Sequence the working of money multiplier in correct order: A. RBI injects High Powered Money, B. Banks keep required reserves, C. Banks receives deposits, D. Banks gives loans, E. Deposit expansion.
Sequence the following theories/concept earliest to latest: A. Ordinal Utility, B. Cardinal Utility, C. Revealed Preference, D. Slutsky decomposition, E. Modern behavioural economics.
Arrange the following models in a chronological order oldest to latest: A. Cournot's Model, B. Bertrand Model, C. Edgeworth Model, D. Chamberlin Model, E. Sweezy Kinked Demand Curve.
Arrange the following in correct order to solve a linear system \(AX=T\) using matrix inversion. A. Verify that determinant of \(A\) is non-zero B. Compute the adjoint C. Compute \(A^{-1}\) D. Multiply \(A^{-1}T\) to get \(X\) E. Set up the co-efficient Matrix \(A\) and constant Matrix \(T\).
Chronologically arrange the following famines of colonial India: A. Chalisa Famine, B. Great Famine, C. Orisa Famine, D. Rajputana Famine, E. Bihar Famine.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: For a demand function \(P=60-Q^2\) and at price \(P=44\), point elasticity of demand is \(-1.375\). Reason R: Demand is inelastic.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Labour relations in colonial industry were often exploitative. Reason R: Workers had low-wages, poor working conditions, and minimal labour rights.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The primary cause of India's recurring balance of payment surplus with Britain during the colonial periods was ‘Home-charges'. Reason R: ‘Home-charges' included expenses such as pension to British officers, interest on India's Public debt held in Britain and salaries paid in England.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: A random variable is a numerical description of the outcome of an experiment. Reason R: The particular numerical value of a random variable does not depend on the outcome of the experiment.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: According to Ricardo's theory a country can benefits from trade even if it has an absolute disadvantage in the production of all the goods. Reason R: What matters for trade is comparative advantage which depends on relative not absolute cost differences.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: In the Keynesian model equilibrium output is determined where aggregate demand equals aggregate supply. Reason R: Effective demand is the level of demand that will occur, given firm's expectation of profit.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: The nominal interest rate can be misleading guide to cost of borrowing. Reason R: The real interest rate is nominal rate of interest plus the rate of inflation.
Public debt becomes unsustainable when
In the Colonial period agriculture credit system was dominated by
Market failure arise in case of Public good due to
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: There are increasing return to scale, if output become more than doubles when inputs are doubled. Reason R: Large scale of operation allows managers and workers to specialised in their tasks.
Given below are two statements: one is labelled as Assertion A and the other is labelled as Reason R. Assertion A: Monopoly power is the ability to set price above marginal cost and that the amount by which price exceeds marginal cost depends inversely on the elasticity of demand. Reason R: Monopoly power is determined with the more number of firms in the market.
If \(TC=\frac{Q^3}{3}+20\), what will be \(MC\)?
Derivative of Average cost \((AC)=5+\frac{2}{Q}\) is:
On recommendation of which committee the Competition Act, 2002 was implemented?
The Heckscher-Ohlin theory states that the trade arises due to difference in
Given the matrices, \(A\) and \(B\) as \[ A=\begin{bmatrix}1&2\\-2&4\end{bmatrix},\quad B=\begin{bmatrix}3&-2\\5&0\end{bmatrix} \] What will be \(AB\)?
The occupational structure of India at Independence was dominated by:
The Phillips curve shows
Conditional Probability can be calculated by