If the Average Propensity to Save (APS) of a household is 0.4, and their total income is ₹ 25,000, what is the total saving?

Which of the following is an anti-inflationary measure that puts downward pressure on aggregate demand, causing the economy to slow down?

The slope of the consumption function represents ________.

Who are the economists credited with pioneering National Income Accounting?

Business cycles typically consist of which of the following phases?

Which of the following is true about the duration and intensity of business cycles?

What does Article 275 of the Indian Constitution deal with?

The advent of mobile phones, which led to a boom in telecom industry, exemplifies which external cause of business cycles?

Which of the following best describes the economic conditions during bad trade in a business cycle?

Contractionary fiscal policy typically involves:

The government's use of proceeds from progressive taxes to supply essential food grains at highly subsidized prices to BPL households is an example of:

The Right of Children to Free and Compulsory Education Act, 2009, which mandates free and compulsory education for every child between the ages of six to fourteen years, is an example of:

Who introduced the concept of 'collective consumption goods,' which later came to be known as public goods?

If a government's revenue receipts for a year are ₹ 10,000 crore, capital receipts excluding borrowing are ₹ 2,000 crore, revenue expenditure is ₹ 12,000 crore and capital expenditure is ₹ 5,000 crore. What is the fiscal deficit?

__________ is defined as the excess of total estimated expenditure over total estimated revenue and is the difference between all receipts and expenditures, both revenue and capital.

The situation when the market does not supply products at all despite the fact that such products and services are wanted by the people is known as:

For initial deposit of ₹ 6,00,000, the credit creation is calculated at ₹ 50,00,000. What is Required Reserved Ratio (RRR)?

Alex has comprehensive car insurance, which covers the cost of repairs if his car is damaged in an accident. As a result, he drives more recklessly, knowing that his insurance will cover any damages. Over time, he gets into more accidents and files more insurance claims due to his careless driving. This scenario illustrates which of the following concepts?

Under Article 266(1) of the Constitution of India, which of the following is used in relation to all fund flows where the government acts as a banker?

If the money supply is ₹ 1,000 billion and the monetary base is ₹ 200 billion, what is the money multiplier (m)?

What is the primary objective of monetary policy in most countries, including India?

Which of the following is not a quantitative tool as used by RBI to control the money supply in the entire economy?

When the speculative demand for money becomes perfectly elastic with respect to the interest rate, making the speculative money demand curve parallel to the X-axis, this situation is called a/an _________.

Marginal Standing Facility (MSF) Rate is the penal rate at which the Central Banks lend money to Banks, over the rate available under the Repo Policy. Which of the following are the correct options to calculate MSF Rate?

According to Friedman, how does the price level, as a determinant, affect the nominal demand for money?

ABC Ltd., a company based in Country 'A', imports machinery from Country 'B'. Recently, Country 'A' introduced a measure that requires all importers to pay 25% of the total value of goods three months in advance before the goods arrive. Which measure has been adopted by Country 'A'?

Calculate Broad Money (M3) from the following data: Particulars | (₹ in Crores) Currency with the public | 2250 Demand Deposits with the banking system | 630 Total post office deposits | 478 Time deposits with banks | 535 Savings deposits with Post office savings banks | 312

Which monetary tool is used to check temporary liquidity mismatches in the market due to foreign capital flow?

In which of the following forms of FDI, 100% investment is allowed under the automatic route for airport projects in India?

Who proposed that a country should export goods in which it has the greatest absolute advantage and import goods in which its absolute advantage is comparatively less?

Which of the following consists of a group of countries that have a free trade agreement among themselves and may apply a common external tariff to other countries?

Country 'X' has seen an increase in its Real Effective Exchange Rate (REER). As a result, Country 'X's goods are becoming more expensive for foreign buyers, and imports from other countries are becoming cheaper. What is the likely impact on Country 'X's economy?

A U.S. based cell phone service provider expands its operations in India by offering the same telecommunication services as it does in the U.S. This type of investment is an example of:

The government of India has imposed tariff on steel product as under: 5% ad valorem or ₹ 800 per tonne, whichever is higher. It is an example of:

Which of the following is not the advantage of a fixed exchange rate regime?

An anti-dumping duty is a protectionist tariff that a domestic government imposes on imports that it believes are priced below _______.

Which of the following is NOT an example of Technical Barriers to Trade (TBT)?

Foreign Investment Promotion Board (FIPB) was abolished in May 2017 and which of the following replaced it?

Which of the following sectors has recently been included under the PLI Scheme?

Which of the following was NOT the focus of the monetary and financial sector reforms?

What type of economy is described as prevalent in ancient and medieval India?

What is the full form of PMI?

Which of the following is the aim of the National Manufacturing Policy?

The reason for introduction of 'Kisan Rail' is:

Which facility was provided to industry groups to allow flexibility and rapid changes in their product mix without requiring a fresh license?

Which scheme aims to increase water use efficiency at the farm level?

The important feature of a mixed economy is the:

Which of the following is NOT covered under Macro Economics?

An ice cream company is planning to expand its business. Before making decisions, it studies various economic factors, such as consumer preferences, pricing strategies, employee wages and the ideal location for its outlets. Which level of the economy does the company analyze for expansion?

Under ________ conditions, supply will be more than that under ________ conditions.

Demand is said to be elastic, if:

The consumer is in equilibrium position at a point where the price line is:

Which one of the following is not the characteristic of a capitalist economy?

What will happen to demand when a larger proportion of people belong to older age groups relative to younger age groups?

The condition for consumer equilibrium is given by:

Which of the following statements is true about Giffen goods?

The concept of consumer surplus is closely related to the _______ curve for a product.

The slope of the budget line is determined by the relative prices of the two goods and is equal to:

How does an increase in the income of consumers generally affect the demand for normal goods?

If a company increases its advertisement expenditure by 20% and the quantity demanded increases by 40%, what is the advertisement elasticity of demand?

When average product rises as a result of an increase in the quantity of variable input, marginal product is:

Which of the following curve is known as 'plant curve'?

Which of the following factors or resources make it possible to produce goods and services?

In Cobb-Douglas production function, output is manufactured production and inputs used are:

After identifying the market, the enterprise has to make decision regarding 4 P’s namely:

If a firm adds more number of workers but total output starts to increase at a decreasing rate, the firm is experiencing:

Which of the following statements are correct?

In an increase in supply with unchanged demand:

Assuming that the supply of cars will remain constant and the prices of cars are expected to increase in future, then what will be its effect on Demand Curve?

A competitive firm should shut down if:

Under which of the following forms of market structure a firm cannot influence the price of its product?

What is the Average Variable Cost (AVC) when the quantity produced is 100 units, the total cost is ₹ 1,000, and the fixed cost is ₹ 200?

Which one of the following is not the object of price discrimination?

Which of the following is a fundamental cause for the creation of a monopoly?

A fast-food chain introduces a new burger with a unique sauce to differentiate itself from competitors. Although many similar burger options exist in the market, customers perceive this product as distinct. Which type of market structure has been represented in given scenario?

Identify the correct formula for Marginal Revenue (MR) when there is a one-unit change in output.

When both demand and supply decrease, the equilibrium quantity ______ but the change in equilibrium price is ______.

Aluminium industry is the example of:

Kinked Demand Curve is found under:

When there is a decrease in demand due to a fall in income, while supply remains the same, what happens to the demand curve?

Which type of firm has the market power to charge a price above marginal cost and earn a positive profit?

Suppose that the cost of producing 1,000 units of a product by a Firm is ₹ 15,000. The entrepreneur has invested ₹ 50,000 in the business and the normal rate of return in the market is 10%. What will be the implicit cost?

Consider the following data and answer the Questions No. 90 to 92: Financial Year (FY): 2020-21, 2021-22, 2022-23, 2023-24 GDP Deflator: 100, 154.25, 168.40, 148.25 In which FY the price level has fallen?

What will be the inflation rate in FY 2022-23 as compared to FY 2021-22?

In which FY the nominal GDP and real GDP are the same?