ECONOMICS QUESTIONS

1. How best can you define economics?

2. What according to you are the affects of globalization on Indian economy?
3. What is the marginal cost of a capital?
4. Differentiate between national income and domestic income?
5. What are the different phases of business cycle?
6. What do you mean by opportunity cost?
7. What is oligopoly? Give examples of this type of competition.
8. What is perfect competition? Give examples of this type of competition.
9. What is monopoly? Give examples of this type of competition.
10. What is monopolistic competition? Give examples of this type of competition.
11. What is a mixed economy?
12. What is the role of central government in controlling inflation?
13. How will you define inflation?
14. Why study of economics is important for the managers?
15. What is elasticity of demand
16. What are the factors affecting the demand of the commodity?
17. What are the different types of elasticity of demand along with their example?
18. What is utility? Explain the law of diminishing marginal utility.
19. Differentiate between economies of scale and economies of scope.
20. What are the factors affecting the supply of the commodity?
21. In the long run, firms under perfect competition earn __________ profits. Give reasons for your
answer.
22. In the long run, firms under monopoly earn __________ profits. Give reasons for your answer.
23. In the long run, firms under monopolistic competition earn __________ profits. Give reasons for
your answer.
24. Distinguish between normal profits and super normal profits.
25. What are the objectives of macro economics
26. What are the instruments of macro economics
27. What is national income accounting?
28. What are the different methods of calculating national income?
29. What do you mean by multiplier?
30. What are the different components of money supply?
31. What is fiscal policy?
32. How inflation is controlled with the help of fiscal policy?
33. What is monetary policy?
34. How inflation is controlled with the help of monetary policy?
35. What are the different types of unemployment?
36. What do mean by terms of trade?
37. What do you mean by exchange rate?
38. What do you mean by balance of payment?
39. What do you mean by public finance?
40. What do you mean by internal debt?
41. What do you mean by external debt?
42. What do you mean by public revenue?
43. What do you mean by public expenditure?
44. What do you mean by public debt?
45. What does law of variable proportion states?
46. What are increasing returns to scale?
47. What are decreasing returns to scale?
48. What are constant returns to scale?
49. What do you mean by budget deficit?
50. What do you mean by deficit financing?
51. What do you mean by growth rate? How will you calculate it?
52. Highlights of current year budget.
53. Highlights of current five year plan.
54. Briefly explain the following recently launched Indian government schemes:
a. Digital India Programme
b. Swachh Bharat Abhiyan
c. Pradhan Mantri Jan Dhan Yojana
d. Make in India
e. Saansad Adarsh Gram Yojana
f. Skill India Programme
g. Pradhan Mantri Jeewan Jyoti Bima Yojana
55. What are the current figures of the following:
a. Growth rate of income
b. Percentage share of different sectors in GDP of India
c. Population
d. Growth rate of all the sectors of Indian Economy
e. Inflation rate
f. Rate of exchange between Indian rupee and Dollar
g. Unemployment rate
h. FDI inflow
i. Gross Domestic Product
j. Repo rate
k. Bank rate
l. Cash Reserve Ratio
m. Statutory Liquidity Ratio
n. Income tax slab
o. Reverse Repo Rate
p. Major import and export items in India
q. Poverty rate