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

If the output Y1 decreases by 500 units and output Y2 increases by 500 units when some resources are shifted from the production of Y1 to the production of Y2, then the marginal opportunity cost is:

Among the credit control instruments, which instrument is the rate at which the central bank makes available financial accommodation to commercial banks by discounting government or other first-class securities?

Given below are two statements, one is labelled as Assertion (A) and other one labelled as Reason (R).
Assertion (A): Wage-Push Inflation and Profit-Push Inflation are two factors responsible for the Cost-Push Inflation.
Reason (R): Wage-push inflation takes place when higher wages are secured without a corresponding increase in labour productivity.
In light of the above statements, choose the most appropriate answer from the options given below.

Which approach among the following four important approaches to define money, identifies the money with the credit extended by a wide variety of sources?

Match List-I with List-II
List-I (Kinds of Market Integration):
(A). Vertical Integration
(B). Horizontal Integration
(C). Conglomeration
(D). Contract integration
List-II (Definition of Market Integration):
(I). Bringing activities/ firms under unified management which are not related to the present activity of the individual firm.
(II). Agreement between two firms on certain decisions (supply of input or raw material) but each firm retains its separate identity.
(III). Combination of two or more firms operating in the production and distribution of a product.
(IV). Acquisition of another firm operating in the same business (production or processing).
Choose the correct answer from the options given below:

Match List-I with List-II

List-I (Term/Hypothesis/Effect) & List-II (Alternative Term/Name)
(A). Microeconomics & (I). Real-Balance Effect
(B). Macroeconomics & (II). Price Theory
(C). Absolute Income Hypothesis & (III). Income and Employment Theory
(D). Pigou Effect & (IV). Drift Hypothesis
Choose the correct answer from the options given below:

Which one of the following statements defines the Say's Law of Market?

Given below are two statements, one is labelled as Assertion (A) and other one labelled as Reason (R).
Assertion (A): According to Keynes, an individual's aggregate demand to hold money is composed of Transaction Demand, Precautionary Demand and Speculative Demand.
Reason (R): The Speculative Demand for money is a direct and positive function of the level of money income.
In light of the above statements, choose the correct answer from the options given below.

According to the All India Debt and Indebtedness Survey- 2019 Report, what percentage of cultivator households in rural areas were indebted as on 30th June, 2018?

Which of the following statements characterise the 'Normal Good'?
(A). The quantity demanded of a commodity increases as its price falls.
(B). The income effect of price change is positive.
(C). The substitution effect of price change is negative.
(D). The income and substitution effects work in the opposite direction.
Choose the correct answer from the options given below:

State whether the two fundamental conditions given below for Price Discrimination to become possible, are correct or incorrect:
Condition (I): The unit of the products can't be transferred from one market to another.
Condition (II): The buyers in the dearer market can't transfer themselves into the cheaper market to buy the product.
In light of the above statements, choose the most appropriate answer from the options given below.

Given below are two statements:
Statement (I): The sum of consumer surplus and producer surplus is known as total economic surplus.
Statement (II): Any shift of the supply curve to the left reduces the consumer surplus.
In light of the above statements, choose the most appropriate answer from the options given below.

Which one of the following is a Stock Resource/ factor of production?

Put the following Committees/ Commissions/ Policies related to land reforms in chronological order.
(A). Central Land Reforms Committee
(B). Congress Agrarian Reform Committee (Kumarappa Committee)
(C). National Agricultural Policy
(D). National Commission on Agriculture
Choose the correct answer from the options given below:

Match List-I with List-II
List-I (Name of the Book):
(A). An Inquiry into the Nature and Causes of Wealth of Nations
(B). Principles of Economics
(C). The General Theory of Employment, Interest and Money
(D). The Theory of Monopolistic Competition
List-II (Name of the author):
(I). Alfred Marshall
(II). Adam Smith
(III). E. H. Chamberlin
(IV). J. M. Keynes
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): The total expenditure made by a consumer on a normal goods decreases with the increase in its price.
Reason (R): The price elasticity of demand for the goods is elastic ($\varepsilon_d > 1$).
In light of the above statements, choose the most appropriate answer from the options given below.

In a perfect competition model, the change in which of the following costs/ imposition of taxes does not affect the equilibrium position of the firm in the short run.
(A). Increase in fixed cost
(B). Imposition of lump-sum tax
(C). Imposition of profit tax
(D). Imposition of specific sales tax (Per unit of output)
Choose the correct answer from the options given below:

Match List-I with List-II
List-I (Forms of Market Structure):
(A). Perfect Competition
(B). Monopolistic Competition
(C). Oligopoly
(D). Monopoly
List-II (Number of firms and nature of product):
(I). Few firms; products may be homogeneous and differentiated with close substitutes
(II). One firm; unique product without close substitutes
(III). Large number of firms; products are homogeneous
(IV). Large number of firms; products are differentiated with close substitutes
Choose the correct answer from the options given below:

If the price elasticity of demand for a commodity is -2.5% and the percentage decrease in the quantity demanded is 10%, find out the percentage change in its price.

Whether the financial benefits transferred to farmers under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme, are exempted from reduction commitments under WTO? If yes, name the domestic support exemption box (Amber, Blue, Green, Development).

Given below are two statements:
Statement (I): DNA, RNA and proteins are micromolecules.
Statement (II): Nucleotide and amino acids are monomers of DNA/RNA and proteins, respectively.
In light of the above statements, choose the most appropriate answer from the options given below.

Given below are two statements:
Statement (I): Red cotton bug can be controlled by applying insecticide in soil.
Statement (II): Red cotton bug lays eggs in/on soil.
In light of the above statements, choose the most appropriate answer from the options given below.

Which of the following statements defines the term 'Capital' more appropriately?

Given below are two statements:
Statement (I): Deeper sowing is advantageous in heavy soils whereas shallow sowing is recommended in light soils.
Statement (II): Seeds which germinate through epigeal germination should not be sown deep as it results in poor germination.
In light of the above statements, choose the most appropriate answer from the options given below.

Given below are two statements:
Statement (I): Most typical tropical crops are short-day plants while those of higher latitudes are generally long-day plants.
Statement (II): The duration of night or complete darkness is more important than the length of the day.
In light of the above statements, choose the most appropriate answer from the options given below.