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

The simple multiplier for the increase in income ($\Delta Y$) to the increase in investment ($\Delta I$) is equal to :

Under WTO, domestic support measures in agriculture that leads to trade distortion, are put in different boxes (Amber, blue, green and development) from the point of view of their exemption from reduction. Given below are two statements about 'Amber Box':
Statement (I) : The domestic support measures in this category distort trade like support price and subsidies directly related to production quantities.
Statement (II) : The domestic support measures are subject to reduction beyond exception limits.
In light of the above statements, choose the correct answer from the options given below:

Calculate the equilibrium price, if the aggregate demand function is D = 250 -15P and aggregate supply function is S = 50 + 10P :

The chronological order of developments in the Indian Banking system:
(A) Formation of National Bank for Agriculture and Rural Development (NABARD)
(B) Nationalization of Commercial Banks
(C) Establishment of Reserve Bank of India
(D) Start of Regional Rural Banks
Choose the correct answer from the options given below:

Given below are two statements:
Statement (I) : The Implicit costs arise in the case of payments made to the factors of production which do not belong to the employer himself
Statement (II) : The implicit costs include the payment made to family labour, own capital and land as per market rate/wages.
In light of the above statements, choose the most appropriate answer from the options given below:

Who coined the terms micro- and macro-economics?

What are the sectors included in the so-called Three Sector Economy?
(A) Household sector
(B) Business sector/ firm
(C) Government sector
(D) International sector
Choose the correct answer from the options given below:

For a country X, the Depreciation (capital consumption allowance) = Rs 20 Lakh crores; Import = Rs 25 lakh crores and Export= Rs 20 lakh crores. Calculate Net National Product (NNP) of the country, if the Gross Domestic Product (GDP) is Rs 160 Lakh crores.

Match List-I with List-II:
\begin{tabular{|l|l|} List-I (Category of commodities) & List-II (Income elasticity of demand, $\eta_i$)
(A) Normal goods & (I) $\eta_i < 0$
(B) Luxury goods & (II) $0 < \eta_i < 1$
(C) Necessary goods & (III) $\eta_i > 1$
(D) Inferior goods & (IV) $\eta_i > 0$

Choose the correct answer from the options given below:

What is the chronological sequence in the evolution of definitions of economics?
(A) Growth definition
(B) Scarcity definition
(C) Welfare definition
(D) Wealth definition
Choose the correct answer from the options given below:

The economic phenomenon responsible for the decrease in average costs of a firm in the beginning with the increase in its output is :

Which of the following four aspects of demand are defined correctly?
(A) Contraction of Demand: Shift of a demand curve to the left
(B) Expansion of Demand: Increase in demand for a commodity with a decrease in its price
(C) Increase of Demand: Shift of a demand curve to the right
(D) Decrease of demand: Decrease in demand of a commodity with the increase in its price
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) : Marketed surplus $>$ Marketable surplus
Reason (R) : Farmer curtails consumption to sell more in the market causing distress sale
In light of the above statements, choose the correct answer from the options given below:

Given below are two statements about the shape of average cost curves:
Statement (I) : Short-run average cost curves are saucer-shaped
Statement (II) : Long-run average cost curves are U-shaped
In light of the Traditional Theory of Costs, choose the most appropriate answer from the options given below:

Which one of the following is not a property of Indifference (ID) curves?

Patent rights for a product or for a production process lead to which of the following market structures?

Match correctly the factors of economies and diseconomies of scale in List-I with List-II:
\begin{tabular{|l|l|} List-I (Types of economies/diseconomies) & List-II (Factors)
(A) Internal economies of scale & (I) Diminishing productivity
(B) External economies of scale & (II) Division of labour
(C) Internal diseconomies of scale & (III) Developed market and infrastructure
(D) External diseconomies of scale & (IV) Depletion of resources

Choose the correct answer from the options given below:

In consumer equilibrium analysis, a relative change in the prices of commodities brings about two types of effects on demand i.e. substitution effect and income effect.
Statement (I) : The substitution effect is always positive
Statement (II) : The income effect may be negative
In light of the above statements, choose the most appropriate answer from the options given below:

As per the theory of transformation, as a country moves towards development, the share of contribution to the national income of the three sectors of the economy (primary, secondary and tertiary) is in the sequence of :

What is the relationship between GDP and GVA, if the taxes earned by the government are more than the subsidies it provides?

From the following, identify the correct definition of the cross-price elasticity of demand for commodity X with respect to Commodity Y.

Given below are two statements, one is labelled as Statement (I) and other one labelled as Statement (II):
Statement (I) : All surfactants are adjuvants, but all adjuvants are not surfactants.
Statement (II) : Surfactants reduce the surface tension between leaf and herbicide and encourage greater wetting of leaf surface and ensure greater penetration of herbicide through the crop canopy.
In light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements, one is labelled as Statement (I) and other one labelled as Statement (II):
Statement (I) : Paddy root weevil is a serious pest of rice that can be controlled with foliar application of insecticides.
Statement (II) : The eggs are laid on the plants and the damage is caused by the grubs.
In light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements, one is labelled as Statement (I) and other labelled as Statement (II):
Statement (I) : Meiosis I is known as equational division.
Statement (II) : The cells produced by meiosis I contain the haploid number of chromosomes.
In light of the above statements, choose the most appropriate answer from the options given below:

Given below are two statements, one is labelled as Statement (I) and other labelled as Statement (II):
Statement (I) : Tomato suffers from a number of physiological disorders. Catface is one such disorder.
Statement (II) : It is so called because fruits affected by it have large cavities when cut open.
In light of the above statements, choose the most appropriate answer from the options given below: