Economics Questions & Answers (Compiled from UPSC, SSC ,PSC ,IBPS previous question papers)

Input-Output analysis was invented by Wassily. W. Leontief in the year

The double criterion of welfare was propounded by

Kaldor - Hicks criterion states the 

Imperfect inforamation is 

.............. was the first economist to give a welfare criterion based on compensating principles.

Identify the issues of 'development planning' from the given list and choose the correct answer from the codes given below.

1. To increase the gross as well as percapita income with attaining full employment
2. Total structural changes in the society
3. Corrective planning

A comprehensive plan means

The basic objectives of economic planning in our country is to 

The congress government announced its industrial policy in 

Millennium development goals was [MDGS] agreed by .................... world leaders in the year ............

"Laissez-faire" policy refers to 

Identify the thrust areas of 'New economic policy' of India and select the correct answer from the codes given below

1. Larger scope to private sector 
2. Industrial licensing 
3. Export-import policy
4. 100 percent FDI

Globalisation is generally termed as

Free trade among countries will determine the prices of commodities and services at ...........

The objectives of the first five year plan in India are

The word 'Micro' is derived from ............ language

Macro economics deals with 

Normative economics is concerned with the

Demand curves are shifting to the right or left due to

The formula for the measurement of price elasticity of demand is

The price elasticity of supply is elastic when

The wants satisfying power of a commodity or service is

Ordinal utility approach postulation that utility

1. Can be measured
2. Need not be measured
3. Can't be measured
4. Rank his order of preference 

The assumption of revealed preference theory states that conusmer has to choose 

If the marginal rate of substitution is increasing, the indifference courve will be

Under which condition consumer is in a state of Equilibrium

ഇപ്പോഴത്തെ റിസേർവ് ബാങ്ക് ഗവർണ്ണർ ആര് ?

Which one of the following is not a recommendation of fourteenth finance commission?

Which one of the following statements about the Companies Act 2013 is not correct?

Which of the following factors led to the decline in inflation rate in India during 2014-15?

1.Persistent decline in crude oil prices

2.Softness in global prices of tradables such as edible oils and coals

3.Tight monetary policy pursued by the Reserve Bank of India

Select the correct answer using the codes below