List of practice Questions

Arrange the following in order of occurrence
A) Planning Commission set up
B) Second five year plan
C) Devaluation of Rupee
D) Village and small scale industries committee
E) Niti Ayog
Choose the correct answer from the options given below:
Which of the following term refers to the benefits (or harms), a firm or an individual causes to another for which they are not paid (or penalised)?
Choose the correct feature of indifference curve from the following :
Identify the sequence of various approaches adopted by the Indian Government towards the development of the economy :
(A) Commencement of economic planning
(B) Giving greater role to public sector in nation building process
(C) Establishment of NABARD
(D) Change in outlook from ‘Inward’ to ‘Outward’
(E) Adoption of LPG Policy
Choose the correct answer from the options given below :
In the Balance of Trade, Non-factor Income like banking and tourism is considered as :
Arrange the following statements related to Fiscal and Monetary Policy in a logical order.
(A) Reduction in the flow of money - open market - increasing the tax
(B) Aggregate Demand increases
(C) Supply could not Match Demand
(D) Income Increases
(E) Inflation - Price Rise
Choose the correct answer from the options given below :
What is estimated GDP growth of India in 2022-23 as per NSO advances estimates ?
In this diagram, budget line goes flatter from P1 P2 to P2 P1. The reason for budget line being flatter is:
China's Economic Development-Polices implemented - Arrange in order
(A) Great leap forward
(B) Nationalization of Enterprises and Land
(C) Great Proletarian Cultural Revolution
(D) Five year plan
(E) Special Economic Zone
Choose the correct answer from the options given below:
Borrowings in government budget shows _________deficit.
The aim of the instruments that initiated to improve the marketing aspect is:
China's Economic Development-Polices implemented - Arrange in order
(A) Great leap forward
(B) Nationalization of Enterprises and Land
(C) Great Proletarian Cultural Revolution
(D) Five year plan
(E) Special Economic Zone
Choose the correct answer from the options given below:
Make a correct chronological sequence of following.
(A) Establishment of TISCO
(B) First Population census 
(C) Zamindari system
(D) Opening of Suez canal
(E) Introduction of railways
Choose the correct answer from the options given below:
Direct tax is called direct because it is collected directly from
Opportunity cost refers to :
The value of all goods and services can be expressed in monetary units.
This statement refers to which function of money ?
Under Statutory Liquidity Ratio, commercial banks are required to keep a function of ________ in the form of liquid assets.
Arrange the elasticity (ed) as we move upwards along a linear demand curve_ (A) ed = 1 (B) ed =0 (C) ed =Iinfinity (D) ed\(>\)1 (E) ed \(<\) 1Choose the correct answer from the options given below :
The problem of choice arises from:
In the given figure what will happen to aggregate demand curve (AD) when autonomous investment increases.
Alternative_Text
When Central Bank buys securities, this agreement of purchase also has specification about date and price of the resale, it is called:
Match List I with List II

LIST I

LIST II

ARevenue ReceiptIIncrease in Liability
BCapital Receipt IIDo not increase in Asset 
CRevenue ExpenditureIIIIncrease in Asset
DCapital ExpenditureIVDo not increase Liability

Choose the correct answer from the options given below: 
Identify the correct formula of calculating of domestic income by Expenditure Method
Which of the following are to be considered while Measuring Fiscal Deficit?
A. Capital expenditure
B. Revenue receipts
C. Debt creating receipts
D. Revenue expenditure
E. Deficit on current A/c
Choose the correct answer from the options given below:
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.
Choose the correct answer from the options given below: