List of top Economics Questions

If 5x+4y=83 and \(\frac{2x}{3y}=1\frac{1}{21}\) then the value of x2-y2 is:
Hill Area Development Programme was launched during ______five year plan.
Arrange the following events related to pre-independent India in the sequence of their happening in ascending order.
A) Introduction of railways
B) Establishment of Tata Airlines
C) Incorporation of Tata Iron and Steel company
D) Opening of Suez Canal
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From the given infrastructures, identify which is a social infrastructure.
Arrange in order of following events in China and Pakistan.
A) Economic reforms in Pakistan
B) Great leap forward in China
C) Nationalisation of capital goods industries in Pakistan
D) Policy orientation and denationalisation of industries in Pakistan
E) Economic reforms in China
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Indian System of Medicine (ISM) doesn't include :
Arrange the following in sequence of their adoption/establishment.
(A) Establishment of General Agreement on Trade and Tariff (GATT)
(B) World Trade Organisation
(C) New Economic Policy
(D) Goods and Service Tax (GST)
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Match List-I with List-II.
List - IList - II
(A)Appiko(I)The Bruntland Commission
(B)Central Pollution Control Board(II)Neem trees
(C)Protecting the future generation(III)Karnataka
(D)Biopest Control(IV)1974
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Study the following statements related to Women's Health in India and identify the correct statements pertaining to it.
(A) The increase in Child Sex ratio during 2001 - 2020
(B) In India married women in its age group of 15 - 49 have iron deficiency
(C) Abortions are not the reason for martial morbidity
(D) Girls below aged 15 years are married and have atleast one child
(E) Iron deficiency do not cause maternal death
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Among the following notable estimators, whose estimates during the colonial period was considered very significant ?
Match List-I with List-II.
List - IList - II
(A)Prime Minister(I)Quantity of good that can be imported
(B)Quota(II)Increase production of food grains
(C)Land Reforms(III)Chairperson of the Planning Commission
(D)HYV Seeds(IV)Improvements in the field of agriculture to increase its productivity
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Which of the following are components of Current Account in the balance of payments?
A) Export of goods
B) Investments
C) Import of goods
D) Net factor income
E) Transfer payments
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Identify the statement which is incorrect about GST?
The concept of sustainable development was emphasised by the:
Consider the following factors related to estimation of national income by various methods for an economy.
A) Net Investment Gross = Domestic Investment – Depreciation
B) Intermediate consumption is excluded to avoid the problem of double counting
C) Net indirect taxes = Indirect Taxes – Subsidies
D) Stocks are measured over a period of time
E) NNP at factor cost = \(NNP_{MP}\) – Net factor income from Abroad
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There are two goods, Good X and Good Y. Suppose there is an increase in the price of Good X and decrease in the price of Good Y simultaneously. Choose the correct diagram that shows its effect.
Match List - I with List- II.
List - IList - II
(A) Normal goods(I) These goods are consumed together
(B) Inferior goods(II) Demand for the good decreases as income of the consumer increases
(C) Substitute goods(III) These goods are used in place of each other
(D) Complementary goods(IV) Demand for the good increases as income of consumer increases

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Under the Union Budget 2022, Government during the budget announced to impose higher taxes on the people earning more than two crore rupees and use that money in providing LPG cylinder subsides to poor people under Ujjawala yojana. Which objective of Government budget is achieved?
Which of the following is a stock concept?
Match List - I with List- II.
List - IList - II
(A) Barter Exchange(I) Medium of Exchange
(B) Money Supply(II) MI
(C) Function of Money(III) Goods for Goods
(D) Measure of Money Supply(IV) Stock Concept

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Privatisation of the Public Sector enterprises by selling a part of PSE to the Public is known as :
Multiplier being 5 times, an incremental investment of ₹ 100 crores leads to an incremental income of-
In an economy, the consumption function is C=500+0.75Y. Calculate equilibrium level of income, when investment expenditure is ₹ 5,000.
Consider the following as steps in the estimation of National Income of an economy by product value added method. Arrange them in proper sequence.
A) Add net factor income from abroad (NFIA).
B) Calculate cost of secondary inputs of all the sectors.
C) Determine Net Value added at factor cost.
D) Determine Gross Value Added.
E) Calculate value of output of all the sectors.
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If autonomous receipts are less than autonomous payments, the balance of payments of an economy will be ____________