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

In view of the fact that kerosene is an inferior good in India,what are its implications?

1.As households get richer,they consume less kerosene

2.Over time there is decline in quality of kerosene

3.Government needs to stop subsidies on kerosene

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Which one of the following statements with regard to India's economy between 1814 to 1860 is not correct?

What is meant by 'public good'?

Which one of the following does not form part of Immanual Kant's theory of perpetual peace?

What is meant by price discrimination?

Which one of the following is not a component of 'realist theory'

Which one of the following is an example of natural monopoly?

Which one of the following represents a progressive tax structure?

Which of the following statements in the context of income-environment relationship is correct?

1.pollution trends tend to follow an inverse U shaped relationship across different stages of economic development

2.In the beginning stage,pollution increases due to urbanization and industrialization

3.In the later stage,pollution declines due to structural changes in the service sector

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Which one of the following is not an example of externalities?

Which one of the following is the major source of Gross Tax Revenue(GTR) for the Government of India?

Private investment in Indian agriculture is mostly on labour saving mechanization.This could be a response to

Which one of the following is not correct in the context of industrial clusters development of India?

Under flexible exchange rate system,the exchange rate is determined 

Which one of the following is not a part of service sector in India?

Convertibility of rupee implies

Which of the following brings out the Consumer Price Index Number for Industrial Workers?

There has been a persistent deficit budget year after year. Which of the following actions can be taken by the government to reduce the deficit?
1. Reducing revenue expenditure
2. Introducing new welfare schemes
3. Rationalizing subsidies
4. Expanding industries
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The problem of international liquidity is related to the non-availability of

 The substitution of steel for wooden ploughs in agricultural production is an example of

With reference to inflation in India, which of the following statements is correct?

With reference to Indian economy,consider the following :
1. Bank rate
2. Open market operations
3. Public debt
4. Public revenue

With reference to Indian economy,consider the following statements :
1. The rate of growth of Real Gross Domestic Product has steadily increased in the last decade.
2. The Gross Domestic Product at market prices (in rupees) has steadily increased in the last decade.
Which of the statements given above
is/arc correct?

When the Reserve Rank of India reduces  the Statutory Liquidity Ratio by 50 basis points, which of the following is likely to happen?

The Fair and Remunerative Price (FRP) of sugarcane is approved by the

In the ‘Index of Eight Core Industries’, which one of the following is given the highest weight?

A decrease in tax to GDP ratio of a country indicates which of the following?
1. Slowing economic growth rate
2. Less equitable distribution of national income

With reference to the Fourteenth Finance Commission, which of the following statements is/are correct?

1.It has increased the share of States in the central divisible pool from 32 percent to 42 percent.

2.It has made recommendations concerning sector-specific grants.

'Pradhan Mantri Jan-Dhan Yojana' has been launched for