In case of indifference curve of two goods X and Y, as consumption of X increases :

General Economic equilibrium is NOT related to which one of the following problems ?

In the shoft-run production function, which on eof the following is CORRECT ?

As output expands, LAC curve falls. This is due to :

In a situtation of decision under uncertainty, if a consumer faces equal expected income from two alternatives, then she will take decision on the basis of :

What type of relationship the Phillips curve postulates between the rae of unemployment and the rate of increase of money wages ?

The concept of 'money illusion' was first given by whom ?

Which one of the following correctly describes the concept of 'Super Multiplier' ?

Given
I = 50 + 0.2Y
S = –150 + 0.4Y
G = 50
Where, I = Investment, S = Savings
G = Government Expenditure
Y = National Income
What is the equilibrium level of national income

The independence of real variables from changes in money supply and nominal variables is called :

Assuming the probability of a male birth as 0.5, find the chances that a family of 3 children will have two boys and one girl :

Which one of the following measures of central tendency will be the most appropriate to use if the data relates to rates, proportions and ratios ?

The sampling distribution of mean based on a sample of 13 units selected without replacement shows a variance of 5 units. If the population consists of 49 units, estimate the variance of the population

In the classical linear regression model, X_i and U_i are assumed to be :

Identify which one of the following statements is INCORRECT ?

Given Y = X³ – 12X² + 36X + 8, identify which one of the following is CORRECT :

Identify which one of the following statements is CORRECT :

Identify which of the following statements with respect to Linear Programming Problem (LPP) is CORRECT ?

The Net Barter terms of trade refer to :

The items on the capital account of Balance of Payments are :

A sudden shift from import tariffs to free trade may induce short-term unemployment in :

The optimum tariff means :

The movement from old level of expenditure and taxation to a new and higher level is called :

Which method can help in obtaining a welfare improvement, if externalities exist ?

The efficiency condition in the production of pure public good requires that the production be carried out up to a point when :
{where MB_i, represents marginal Benefit of the 'i^th' individual and MB_j represents marginal Benefits that accrue to the 'j^th' individual and MC is the marginal cost}

The incidence of which of the following will entirely be on the monopolist ?

Which of the following is NOT a Commercial Bank ?

Liquidity Adjusment Facility (LAF) was recommended by :

Which of the following is TRUE for Bank Rate ?

Human Development Index (HDI) currently, as published by the UNDP is calculated by using which of the following ?

Harrod-neutral technical progress is necessarily :

Which among the following is NOT part of the neoclassical theory of growth ?

If a production function admits both Harrod and Hicks neutral technical progress, the elasticity of subsitution should be :

The total population of city 'X' in 2011 was 28 lakhs adn the total number of live births was 50 thousand. Find out crude birth rate per 1000 population ?

According to Ronald Coase, Which of the following statements is CORRECT for pollution control ?

According to Census 2011, which one of the following states has the highest share of rural population ?

At present, for the estimation of GDP in India at constant prices, which one of the following years is used as the base year ?

Which of the following statement is CORRECT for 'Atmanirbhar Bharat Rozgar Yojana' launched on November 12, 2020 ?

The 15th Finance Commission (FC) has recommended that the States be given what per cent of the divisible tax pool of the Centre during the period 2021-2022 to 2025-26 ?

Which of the following sectors of the economy registered highest growth rate in the second quarter of 2020-21 as per estimate of NSO ?

Which of the following measures are used by a risk-averse person to minimize risk ?
(a) Diversification of resources
(b) Insurance of risk event
(c) Total cost of resources
(d) Value of information of risk event
Choose the correct answer from the options given below :

Which of the following statements are CORRECT for welfare economics ?
(a) Any competitive equilibrium leads to a pareto efficient allocationof resources
(b) Competitive equilibrium does not lead to Pareto efficient allocation of resources
(c) Any efficient allocation can be attained by a competitive equilibrium given the market mechanism leading to redistribution
(d) There will be no Pareto efficient allocation of resources in the society
Choose the correct answer from the options given below :

Which of the following conditions hold true for factor pricing when factor market is perfectly competitive and product market is monopolistic ?
(a) VMP > MRP
(b) Both VMP and MRP decreasing
(c) VMP < MRP
(d) MRP_L = W
Choose the correct answer from the option given below :

Which of the following functions will result in an investment multiplier of value 4 ?
(a) C = 50 + .25 Y
(b) C = 50 + 0.75 Y
(c) S = – 50 + .25Y
(d) I = 50 + .75 Y
Choose the correct answer from the option given below :

Which of the following are CORRECT ?
(a) If observations are selected purposively, it is called a method of non-random sampling
(b) If observations are selected in an ad-hoc manner, it is called a method of non-random sampling
(c) If observations are selected in a systematic manner it is called a method of non-random sampling
(d) If observations are selected on the basis of judgment, it is called a method of non-random sampling
Choose the correct answer from the option given below :

Which are the following correct features of matrices ?
(a) An identity matrix is a square matrix
(b) An identity matrix when gets transposed remains an identity matrix
(c) (A.B)^T = A^T. B^T where A and B are matrices
(d) (A–1)T = (A^T)^–1 where A is a matrix
Choose the correct answer from the option given below :

When the exchange rate changes from 1$ = Rs 72 to 1$ = Rs 68, then the :
(A) Rupee has depreciated
(B) Dollar has depreciated
(C) Rupee has appreciated
(D) Dollar has appreciated
Choose the correct answer from the option given below :

Which of the following are a source of market failure ?
(a) The existence of public goods
(b) The presence of externalities
(c) The fact that some goods are rivals in consumption
(d) The existence of monopolies
Choose the correct answer from the option given below :

Which of the following would reduce the credit creaton capacity of a commercial Bank ?
(a) Time and Demand deposits
(b) Loans
(c) Deposits with the Central Bank
(d) Cash in hands
Choose the correct answer from the option given below :

Which of the following measres would result in an increase in the money supply in the economy ?
(a) Purchase of goverment securities from the public by Central Bank
(b) Deposit of currency in Commercial Banks by the public
(c) Borrowing by the government from the Central Bank
(d) Sale of government securities to the public by the Central Bank
(e) Minting of more money by the Central Bank for circulation
Choose the correct answer from the options given below :

Inequalities in income are measured by which of the following ?
(a) Lorenz Ratio
(b) Theil's Index
(c) Palma Ratio
(d) Deprivation Ratio
Choose the correct answer from the option given below :

In which of the followingways have there been structural changes in agricultural and rural areas in India ?
(a) Crop diversification within agriculture sector
(b) Diversification from livestock to crop husbandry
(c) Diversification from non-commercial crops to commercial crops
(d) Diversification from traditional inputs to modern inputs
Choose the correct answer from the option given below :

With reference to the programme 'NIDHI' which of the following statement(s) is/are CORRECT ?
(1) The programme of 'NIDHI' was started for students to begin statups
(2) Its aim is to financially support 20 students for startups each year
(3) Its aim is to financially support 200 students for statups each year
(4) Its aim is to financially support only students of backward classes to start up each year
Choose the correct answer from the option given below :

Which of the following statements are CORRECT in regard to FDI in India in FY 2020 ?
(A) Share of services sector is highest
(B) Share of infrastructure activities is highest
(C) Share of computer hardware and software is in the second position
(D) Share of telecommunications is highest
Choose the correct answer from the option given below :

Consider the following statements about the rational expectations model :
(1) Monetary policy cannot affect output and employment
(2) Unanticipated changes will not affect real variables in the very short run
(3) There is equilibrium in the markets
(4) Economic agents use all relevant available information to form their expectations
Choose the correct answer from the option given below :

In the context of investments, which of the following statements(s) is/are CORRECT ?
(a) According to the accelerator model, investment demand is proportional to change in income
(b) The higher the real interest rate, the higher is the rental cost of capital
(c) Investment is a stock variable
(d) The real rate of interest is equal to the nominal rate of interest plus the inflation rate
Choose the correct answer from the option given below :

Which of the following statement are CORRECT for correlation analysis ?
(a) Degree of linear association is measured between two variables
(b) Predictability is not part of correlation analysis
(d) Spearman has no contribution to correlation analysis
(d) Cause and effect relationship is established through correlation analysis
Choose the correct answer from the option given below :

Which of the following are NOT properties of Cobb-Douglas production function ?
(a) Cobb-Doulglas production function is a homogeneous production function
(b) Curve representing average and marginal productivity of inputs are not downward sloping
(c) Marginal productivity of labour and capital in Cobb-Douglas production function are functions of the capital-labour ratio
(d) Iso-quants of Cobb-Douglas production functions are positively sloped
Choose the correct answer from the option given below :

Improvement in the balance of payments deficit may be effected through :
(a) Import controls
(b) Export promotion
(c) Foreign exchange control
(d) Devaluation
Choose the correct answer from the option given below :

Which of the following are relavant conditions assumed by the Factor price Equalization theorem ?
(1) The countries are characterized by different factor endowments
(2) The countries are characterized by different production functions
(3) The industires are characterized by different factor inensities
(4) Each country will export the commodity which uses it abundant factor
Choose the correct answer from the option given below :

Zero Based Budgeting (ZBB) lays emphais on :
(a) Allocation of resources based on cost-benefit terms
(b) Unlimited deficit financing
(c) Preparing a new budget, right from the scratch
(d) Preparing the budget, neglecting the history of expenditure
Choose the correct answer from the option given below :

Which of the following statements are relevant for Gender Budgeting ?
(1) Preparing a separate budget fo women
(2) Gender budget is not practised by the Government of India
(3) Evaluating budgetary provisions with a gender perspective
(4) Gender budgeting is a tool for Gender Empowerment
Choose the correct answer from the option given below :

Which of the following are true for the Environmental Kuznets Curve (EKC) ?
(a) The relationship between income and Environmental damages take the shape of an inverted U
(b) EKC is applicable in case of irreversible environmental damage
(c) EKC holds true for global pollutants
(d) EKC hypothesis intends to represent a long term relationship between economic growth and pollution
Choose the correct answer from the option given below :

Which of the following statement(s) is/are CORRECT for environmental evaluation ?
(a) Travel cost method measures the recreational values of Environmental Resources
(b) Hedonic pricing is used for environmental amenities associated with property value
(c) Replacement cost method is used by substituting natural resources with a man-made equipment
(d) Defensive expenditure deals with preventive measures
Choose the correct answer from the options given below :

Match the List – I with List – II :
      List – I                                                        List - II
(a) Perfect competition                              l. Many real or perceived differences in products
(b) Monopoly                                             ll. Litle or no difference in products
(c) Monopolistic competition                     lll. Identical products
(d) Oligopoly                                             lV. Product without close substitutes
Choose the correct answer from the options given below :

Match the List – I with List – II :
    List – I                                                                             List - II
(a) Menu cost                                                                 I. Monetary Policy
(b) Quantitative Easing                                                  II. Inflation
(c) Pump Priming                                                          III. Phillips curve
(d) Trade-off between inflation and unemployment      IV. Fiscal policy
Choose the correct answer from the options given below :

Match the List – I with List – II :
List – I                                         List - II
(a) Carl Friedrich Gauss            I. Central Tendency
(b) Multicollinearity                    II. OLS
(c) Mode                                   III. Karl Pearson
(d) Correlation coefficient         IV. Relationship among explanatory variables
Choose the correct answer from the options given below :

Match the List – I with List – II :
   List – I                                                                List - II
(a) Convex Function                                          I. Basic variable
(b) Input-Output Analysis                                  II. Use of Derivative
(c) Linear Programming                                    III. Hawkins-Simon condition
(d) Marginal Propensity to Consume                IV. Demand Curve
Choose the correct answer from the options given below :

Match the List – I with List – II :
    List – I                                                                         List - II
(a) Supply side of International Trade                        I. David Ricardo
(b) Demand side of International Trade                     II. Bustable and Alfred Marshall
(c) Opportunity cost of International Trade                III. G. Haberler
(d) Real cost theory of International Trade                IV. Alfred Marshall and Edgeworth
Choose the correct answer from the options given below :

Match the List – I with List – II :
      List – I                                                                                     List - II
(a) Canons of Taxation                                                                 I. U. K. Hicks
(b) Canons of Public Expenditure                                                II. Adam Smith
(c) Effective Incidence of Tax                                                      III. Findlay Shirras
(d) Benefit received approach of Public Expenditure                 IV. Erik Lindahl
Choose the correct answer from the options given below :

Match the List – I with List – II :
List – I                                                                                                               List - II
(a) Security Exchange Board of India (SEBI)                                                  I. 1991
(b) National Securities Depository Ltd (NSDL)                                                II. 1992
(c) Credit Rating Information Service of India ltd (CRISIL)                              III. 1988
(d) Investment Information and Credit Rating Agency of India (ICRA)            IV. 1996
Choose the correct answer from the options given below :

Match the List – I with List – II :
     List – I                                                           List - II
(a) Adam Smith                                               I. Theory of Big Push
(b) R. Rodan                                                   II. Traditional Society
(c) W. W. Rostow                                            III. Reserve army of labour
(d) Karl Marx                                                   IV. Division of labour
Choose the correct answer from the options given below :

Match the List – I with List – II :
         List – I                                                                                                                                                   List - II
(a) Conserving the Environment for benefit of the future generation                                                        I. Indirect use value
(b) Search of Alternative fuels is necessary because traditional sources are non-renewable                  II. Option Value
(c) Wood from the forest is useful as timber                                                                                             III. Bequest Value
(d) Insects are important as they help in pollination                                                                                 IV. Use Value
Choose the correct answer from the options given below :

Match the List – I with List – II :
     List – I                                                                       List - II
(a) NIRVIK                                                                  I. A project directed to provide piped cooking gas to millions of households
(b) Ayshman Bharat                                                   II. A scheme to enhance energy efficiency
(c) Pradhan Mantri Urja Ganga (PMUG)                   III. Export credit insurance scheme
(d) Perform, Achieve and Trade (PAT)                       IV. Programme related to health issues in the primary, secondary and tertiary sectors
Choose the correct answer from the options given below :

Arrange the following concepts of consumer behaviour in chronological order
(a) Law of diminishing marginal utility
(b) Law of demand
(c) Revealed Preference Analysis
(d) Indifference Curve Analysis
Choose the correct answer from the options given below :

Arrange the following business cycles in ascending order in terms of their approximate duration .
(a) Kondratiev cycle
(b) Kitchin cycle
(c) Jugular cycle
(d) Kuznets cycle
Choose the correct answer from the options given below :

Identify the proper sequence in the traditional econometic methodolgy of conducting research :
(a) Data collection
(b) Policy prescription
(c) Testing of hypothesis
(d) Formulation of hypothesis
Choose the correct answer from the options given below :

What is the CORRECT sequence of the following ?
(a) Uruguay Round
(b) Kennedy Round
(c) Doha Round
(4) Geneva Round
Choose the correct answer from the options given below :

Arrange the introduction of the following taxes in India in chronological order :
(a) Service Tax
(b) Income Tax
(c) Banking Transaction Tax
(d) Gift Tax
(e) Goods and services Tax
Choose the correct answer from the options given below :

Arrang ethe following committees appointed for the Banking sector in India in chronological order :
(a) Urjit patel Committee
(b) Goiporia Committee
(c) Narasimham Committee - I
(d) Chakravarty Committee
Choose the correct answer from the options given below :

Arrange the following in chronological order in which they were introduced :
(a) SDGs
(b) MPI
(c) PQLI
(d) HDI
Choose the correct answer from the options given below :

Arrange the following United Nations Framework Convention on Climate Change (UNFCCC) conferences in chronological order :
(a) Copenhagen Conference
(b) Doha Conference
(c) Paris Conference
(d) Katowice Conference
Choose the correct answer from the options given below :

Consider some of the schemes/programs introduced by the government of India to enhance agriculture productivity and farmer's income. Arrange them in chronological order of their appearance.
(a) Soil Health Card Scheme
(b) Kisan Credit Card Scheme
(c) Pradhan Mantri Fasal Bima Yojna
(d) Doubling Farmers' income Program
Choose the correct answer from the options given below :

Arrange the following Committees of poverty estimation in chronological order :
(a) Alagh Committee
(b) Lakdawala Committee
(c) Tendulkar Committee
(d) Rangarajan Committee
Choose the correct answer from the options given below :

Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A) : A lumpsum tax imposed on a monopolist cannot be shifted to the consumers.
Reason (R) : The lumpsum tax becomes a part of his fixed cost and it does not affect the marginal cost of production.
In the light of the above statement, choose the most appropriate answer from the options given below :

Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A) : There is no incentive for a profit maximising producer to supply public goods.
Reason (R) : If he produces, it, he is unable to exclude people from consuming it and hence he cannot charge a price.
In the light of the above statement, choose the most appropriate answer from the options given below :

Given below are two statements : One is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A) : New capital accumulation is the vehicle of technical progress.
Reason (R) : Technical progress is embodies in new machines.
In the light of the above statement, choose the most appropriate answer from the options given below :

Given below are two statements
Statement I (A) : Social Welfare Function(SWF) is a soft of social indiffernce map consisting or the Social Indifference Curves (SICs) which shows the various combination of utilities that gives the same level of social welfare (SW)
Statement II (R) : Social Indifference Curves (SICs) may no be convex or cocave to the origin
In the light of the above statement, choose the most appropriate answer from the options given below :

Given below are two statements
Statement I (A) : One of the assumptions under OLS method states that the regresion model is linear in the parameters, though it may or may not be linear in the variables.
Statement II (R) : The variance of the error, or disturbance, term is not the same regardless of the value of the explanatory variable under OLS.
In the light of the above statement, choose the most appropriate answer from the options given below :

In the study of International Economics, we use the tools of :

Match the List – I with List – II :
         List – I                                                                              List - II
(a) Karl Marx Theory of Population growth                             (i) Static interpretation
(b) Blacker’s Theory of Population growth                             (ii) Three stages
(c) Landry’s Theory of Population growth                              (iii) Four stages
(d) Prof. Sidgwick’s Optimum Population Theory                  (iv) Five stages
Choose the correct option from those given below :

Given below are two statements  : One is labelled as Assertion (A) and the other is labelled as Reason (R) :
Assertion (A)  : High powered money is the source of all other forms of money that impact money supply.
Reason (R) : Credit is created by commercial banks.
In the light of the above statement, choose the most appropriate answer from the options given below :

Which one of the following is a valid objective function as a linear programming problem ?

Transportation cost of trade affects :
(a) Pattern of trade
(b) Boundaries between tradable and non-tradable goods
(c) Global supply chains
(d) Boundaries of non-tradable goods
Choose the correct answer from the options given below :

Presence of asymmetric information in the market causes which of the following ?
(a) Adverse selection
(b) Marginal benefits of an additional unit of resources diminish with an increasing number of unit of resources
(c) Efficiency wages
(d) Principal-Aent problem
Choose the correct answer from the option given below :

For the production function, Q = AL^αK^ß
(a) The Coefficient A shows managerial efficiency
(b) If α + ß > 1, then the production function exhibits increasing return to scale
(c) Marginal Rate of Technical Substitution of L for K is given by 
(d) The Marginal Product of Capital is given by 
Choose the correct answer from the option given below :

Match the List – I with List – II :
              List – I                                                        List - II
(a) Critical Minimum Effor Theory                        (i) C.P. Blacker
(b) Neo-Classical Growth Model                         (ii) W.W. Rostow
(c) Demographic Transition Theory                     (iii) R. Solow
(d) Age of High Mass Consumption                    (iv) H. Leibenstein
Choose the correct option from those given below :

"The best system of taxation from the economic point of view is that which has the best or the least bad economic effects". Who said this ?

Labour force participation rate is given by :

The solution of the following game is given by