List of top Social Science Questions

Which of the followings do not belong to aggregate measure of farm efficiency?
(A) Crop yield index
(B) Net operating income
(C) Net farm income
(D) System Index
Choose the correct answer from the options given below:

In which year the Bhoodan movement began?

Match List-I with List-II
List-I (Definitions/characteristic, etc.):
(A) Landlord tenure
(B) The maximum size of holding which a family should possess
(C) Independent single tenure
(D) A holding smaller than economic holding which may provide a reasonable standard of living
List-II (Concepts, etc.):
(I) Optimum holding
(II) Rayatwari system
(III) Basic holding
(IV) Zamindari system
Choose the correct answer from the options given below:

Match List-I with List-II
List-I (Recommendations/evaluations, etc.):
(A) Recommended the government to merge banks into three-tiered structure
(B) Probed into the performance of the societies
(C) Examined operational aspects of Service Area Approach
(D) Recommended the reorganization of primary societies into viable units
List-II (Committees, etc.):
(I) Second M. Narasimham Committee
(II) B. Venkatappiah AIRCR Committee
(III) Sir Edward Maclagan Committee
(IV) P.D Ojha Committee
Choose the correct answer from the options given below:

Match List-I with List-II
List-I (Terms/relationship/principles, etc.):
(A) Factor -factor relationship
(B) Optimum enterprise combination
(C) Product-product relationship
(D) Least cost combination
List-II (Algebraic forms, etc.):
(I) $\Delta X_1 \Delta / X_2 = P_{X_2} / P_{X_1}$}
(II) $Y_1 = f(Y_2, X^0)$ or $Y_2 = f(Y_1, X^0)$
(III) $\Delta Y_1 / \Delta Y_2 = P_{Y_2} / P_{Y_1}$}
(IV) $X_1 = f(X_2, Y^0)$ or $X_2 = f(X_1, Y^0)$
Choose the correct answer from the options given below:

Match List-I with List-II
List-I (Content/concept):
(A) The percentage change in one factor, divided by the per cent change in the other factor
(B) Indicates the change in curvature of total physical product curve
(C) Each additional unit of input adds less to the total product than the previous unit did
(D) Slope of production possibility curve
List-II (Concept):
(I) Marginal rate of product substitution
(II) Elasticity of substitution
(III) Inflection point
(IV) Law of decreasing returns
Choose the correct answer from the options given below:

Which of the following committees in 1942 recommended the maximum size of lands, a landlord can retain?

Match List-I with List-II
List-I (Terms of inflation):
(A) Open inflation
(B) Ratchet inflation
(C) Cost-push inflation
(D) Stagflation
List-II (Description):
(I) Inflation due to an increase in the cost of inputs used in production.
(II) Inflation in the absence of any barrier or government control to price rise.
(III) Inflation in an economy is accompanied by declining output and rising unemployment.
(IV) Inflation in sector of excessive aggregate demand and deflation in sectors of inadequate demand; keeping the general price level unchanged.
Choose the correct answer from the options given below:

Given below are two statements:
Statement (I) : Indian farmers borrow credit from institutional and non-institutional agencies.
Statement (II) : The borrowing of credit from non-institutional agencies is higher than the institutional agencies.
In light of the above statements, choose the most appropriate answer from the options given below:

For a production function $Q = 3L^{1/3}K^{1/3}$, the maximum possible output that the farmer can produce with 125 units of Labour (L) and 125 units of Capital (K) will be:

Find TPP when 5 units of the variable factor are combined with 5 units of the fixed factor and MPP remains constant at 10 units:

Which one of the following is not a function of money?

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:

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:

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.

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:

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:

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: