List of top Social Science Questions asked in ICAR AIEEA (PG)

Given below are two statements:
Statement (I): The expression $\Delta X_1 / \Delta X_2$ is termed as the marginal rate of substitution (MRS) of $X_1$ for $X_2$.
Statement (II): If $\Delta Y_1 / \Delta Y_2 < P_{Y2}/P_{Y1}$, more of $Y_2$ should be produced at the expense of $Y_1$.}
In light of the above statements, choose the most appropriate answer from the options given below:

Selective credit control:

Given below are two statements:
Statement (I): Home-grown grain and purchased grain is an example of perfect substitute.
Statement (II): In case of perfect compliments, the producer either uses the factors in certain fixed proportions or not at all.
In light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements:
Statement (I): How to produce means what level of inputs to apply in production.
Statement (II): The equation $Y = f(X_1, X_2 / X_3, X_4, \dots, X_n)$ indicates that $X_1$ and $X_2$ are fixed factors, while $X_3, X_4, \dots, X_n$ are held variable at their arithmetic mean level.
In light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements:
Statement (I): So long as MPP increases, APP will also increase and it will continue to do so even though MPP starts to fall so long as MPP is greater than APP.
Statement (II): The value of MVP declines throughout stage II, but nevertheless, it will pay to intensify production so long as the MVP of the input is less than the cost of a unit of input.
In light of the above statements, choose the most appropriate answer from the options given below:

Short run Total Cost (STC) can never be less than Long run Total Cost (LTC):

If by increasing the quantity of input $X_1$ by one unit, the farmer can give up two units of input $X_2$ and still produce the same output, then the $MRS_{X1,X2}$ is:

Which of the following statement is untrue?

Stage II of production begins where the $APP_{Labour}$ begins to decline:

In which year the Gramdan Movement began?

If we have constant returns to scale and we increase the quantity of labour ($X_1$) used per unit of time by 20% but keep the amount of capital ($X_2$) constant, the output will:

Given below are two statements, one is labelled as Assertion (A) and other one labelled as Reason (R).
Assertion (A): Inflation is a rising trend in the general price level in the economy.
Reason (R): Sporadic price spurt or an imperceptible rise in price is not inflation.
In light of the above statements, choose the correct answer from the options given below:

Given below are two statements, one is labelled as Assertion (A) and other one labelled as Reason (R).
Assertion (A): Price elasticity of demand for food items is inelastic.
Reason (R): Food items are necessary goods and their demand is satiable.
In light of the above statements, choose the correct answer from the options given below:

Which one of the following is not true about Pradhan Mantri Fasal Bima Yojana (PMFBY)?

Arrange the following actors of an agricultural marketing channel from origin to destination:
(A) Processor
(B) Farmer
(C) Retailer
(D) Consumer
Choose the correct answer from the options given below:

Match List-I with List-II:
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Choose the correct answer from the options given below:

If there is a decrease in the money supply, then:

The value of income elasticity of demand ($\eta_i$) for a Luxury commodity is:

The supply function of a firm under perfect competition is represented by which of the following cost curve?

The chronological order of developments in the area of international trade:
(A). Uruguay round of talk
(B). General Agreement of Tariff and Trade (GATT)
(C). Doha round of talk
(D). Formation of WTO
Choose the correct answer from the options given below:

Given below are two statements:
Statement (I): Storage is one of the functions of agricultural marketing.
Statement (II): The storage function meets the time utility of the customer.
In light of the above statements, choose the most appropriate answer from the options given below.

Match List-I with List-II:
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Choose the correct answer from the options given below:

Given below are two statements:
Statement (I): Macroeconomics is the study of particular firm, particular household, individual price, income, wages, industry and particular commodity.
Statement (II): Microeconomics is the study of aggregates of individual quantities, national income, price level and national output.
In light of the above statements, choose the most appropriate answer from the options given below.

Which one of the following equations defines the equilibrium of the Three Sector Economy?

The information given are, indirect taxes = Rs 10 Lakh crores and Subsidy = Rs 5 lakh crores. Calculate Net National Product (NNP) at factor cost (National Income) of a country if the NNP at market price is Rs 135 Lakh crores.