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Question No 1

Subject

Question
Statement
Possible
Choices

Correct Choice
Educational
Level

Economics
Topic
Microeconomics
Sub-Topic Introduction to Economics
. The basic economic problem which is faced by all societies is:
A
B
C
D
E
Entry
Level
Exit Level

Inequality
Unemployment
Poverty
Low education rate
A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of Education)


MS/ M-Phil (Candidates having 18 Years of Education)
Easy
Moderate
Hard
Very
Difficulty Index Very Easy
Hard
30
45
60
75
90
105
120
Time Index
(Seconds)

Question Type

Logical

Practical/ Numerical

Conceptual/ Theoretical

Question No 2
Subject
Topic
Sub-Topic
Question
Statement
Possible
Choices

Correct Choice
Educational
Level

Economics
Microeconomics
Behaviour of a Firm

Resources are transformed into useful forms through process of:

A
B
C
D
E
Entry
Level
Exit Level

Labour
Production
Cultivation
Banking
A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of Education)


MS/ M-Phil (Candidates having 18 Years of Education)
Easy
Moderate
Hard
Very
Difficulty Index Very Easy
Hard
30
45
60
75
90
105
120
Time Index
(Seconds)

Question Type

Logical

Practical/ Numerical

Conceptual/ Theoretical

Question No 3
Subject
Topic
Sub-Topic

Economics
Macroeconomics
National Income

Question
Statement
Possible
Choices

Which would be the cause to rise consumption?:


A
income is taken from poor people and given to rich
people
B
a greater proportion of the population between age 20
and 30
C
GDP Deflator rises
D
transitory income is increased
E
A
B
C
D
E
Correct Choice
Entry
Under Graduate (Candidates having 12/14 Years of
Educational
Education)
Level
Level
Exit Level Post Graduate (Candidates having 16 Years of Education)
MS/ M-Phil (Candidates having 18 Years of Education)
Easy
Moderate
Hard
Very
Difficulty Index Very Easy
Hard
30
45
60
75
90
105
120
Time Index
(Seconds)

Question Type

Logical

Practical/ Numerical

Conceptual/ Theoretical

Question No 4
Subject

Question
Statement
Possible
Choices

Correct Choice
Educational
Level

Economics
Topic
Microeconomics
Sub-Topic Behaviour of a Firm
This is not a property of isoquants:
A
B
C
D
E
Entry
Level
Exit Level

Isoquants slope downwards


Isoquants never intersect each other
Isoquants are convex to the origin
Isoquants are concave to the origin
A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of Education)


MS/ M-Phil (Candidates having 18 Years of Education)
Easy
Moderate
Hard
Very
Difficulty Index Very Easy
Hard
30
45
60
75
90
105
120
Time Index
(Seconds)

Question Type

Logical

Practical/ Numerical

Conceptual/ Theoretical

Question No 5
Subject
Topic
Sub-Topic
Question
Statement
Possible
Choices

Correct Choice
Educational
Level

Economics
Microeconomics
Demand and Supply Modal

If prices are initially above to the equilibrium level, its mean that:

A
B
C
D
E
Entry
Level
Exit Level

excess supply exists


the supply curve will shift rightward
the supply curve will shift leftward
all firms can sell as much as they want.

A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of Education)


MS/ M-Phil (Candidates having 18 Years of Education)
Easy
Moderate
Hard
Very
Difficulty Index Very Easy
Hard
30
45
60
75
90
105
120
Time Index
(Seconds)

Question Type

Logical

Practical/ Numerical

Conceptual/ Theoretical

Question No 6
Subject
Topic
Sub-Topic
Question
Statement
Possible
Choices

Economics
Macroeconomics
National Income

If an economy is at full employment level, it means that::

A
B
C
D

idle resources exist in the economy


The production is not efficient
The economy is producing along its production
possibilities curve
economy is producing at a point to the left of production
possibilities curve

E
Correct Choice
Educational
Entry
Level
Level
Exit Level

A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of


Education)

Difficulty
Index
Time Index
(Seconds)

Question
Type

MS/ M-Phil (Candidates having 18 Years of Education)


Very Easy
Easy
Moderate
Hard

Very Hard
30
45
60
75
90
105
120
Logical
Practical/ Numerical
Conceptual/ Theoretical

Question No 7
Subject

Economics
Topic
Microeconomics
Sub-Topic Theory of Consumption
A person had an income of Rs.20,000 last year and paid Rs.10,000 in
Question
tax. Next year, the person had an income of Rs.100,000 and paid
Statement
Rs.30,000 in tax. The persons marginal tax rate is:
Possible
A
25%
Choices
50%
B
75%
C
100%
D
E
Correct Choice
A
B
C
D
E
Educational
Entry
Under Graduate (Candidates having 12/14 Years of
Education)
Level
Level
Exit Level Post Graduate (Candidates having 16 Years of
Education)

Difficulty
Index
Time Index
(Seconds)

Question
Type

MS/ M-Phil (Candidates having 18 Years of Education)


Very Easy
Easy
Moderate
Hard

Very Hard
30
45
60
75
90
105
120
Logical
Practical/ Numerical
Conceptual/ Theoretical

Question No 8
Subject

Question
Statement
Possible
Choices

Economics
Topic
Macroeconomics
Sub-Topic Monetary Policy
The demand for money will decreases if:
A
B
C
D
E

Correct Choice
Educational
Entry
Level
Level
Exit Level

Real GDP rises


GDP Deflator rises
people expect deflation soon
real interest rates rise
A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of


Education)

Difficulty
Index
Time Index
(Seconds)

Question Type

MS/ M-Phil (Candidates having 18 Years of Education)


Very Easy
Easy
Moderate
Hard

Very Hard
30
45
60
75
90
105
120
Logical
Practical/ Numerical
Conceptual/ Theoretical

Question No 9
Subject

Economics
Topic
Macroeconomics
Sub-Topic Monetary Policy
Question
In the long-run, according to the monetarists the Phillips Curve
Statement
is:
Possible
A
downward-sloping
Choices
B
vertical
C
upward-sloping
D
horizontal
E
Correct Choice
A
B
C
D
E
Educational
Entry
Under Graduate (Candidates having 12/14 Years of
Education)
Level
Level
Exit Level Post Graduate (Candidates having 16 Years of
Education)

Difficulty
Index
Time Index
(Seconds)

Question Type

MS/ M-Phil (Candidates having 18 Years of Education)


Very Easy
Easy
Moderate
Hard

Very Hard
30
45
60
75
90
105
120
Logical
Practical/ Numerical
Conceptual/ Theoretical

Question No 10
Subject

Question
Statement
Possible
Choices

Economics
Topic
Microeconomics
Sub-Topic
Demand and Supply Modal
Effective demand means:
A
B
C
D
E

Correct Choice
Educational
Entry
Level
Level
Exit Level

Low price of commodity


Ability and willingness to buy a commodity
Income of people is increasing
Desire to own a commodity
A
B
C
D
E
Under Graduate (Candidates having 12/14 Years of
Education)

Post Graduate (Candidates having 16 Years of


Education)

Difficulty
Index
Time Index
(Seconds)

Question Type

MS/ M-Phil (Candidates having 18 Years of Education)


Very Easy
Easy
Moderate
Hard

Very Hard
30
45
60
75
90
105
120
Logical
Practical/ Numerical
Conceptual/ Theoretical

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