1. Which specific Indian Five Year Plan emphasised the growth of heavy industries and the formation of public sector enterprises?
2. Identify the poverty eradication programmes from the list provided.
- Pradhan Mantri Garib Kalyan Yojana.
- Pradhan Mantri Awas Yojana, 2022.
- Ayushman Bharat National Health Protection Mission.
- Pradhan Mantri Jan Dhan Yojana.
- Power Tex India Scheme.
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3. Consider the demand curve D(p) = 10-3p. What is elasticity of demand at price ₹5/3?
4. The trade policy reforms introduced in 1991 aimed at
5. Amartya Sen formulated his "p measure” of poverty Indicate which statement accurately represents the characteristics of the p measure?
- It includes the element of HCR (Head Count Ratio).
- It integrates the elements of IGR (Income Gap Ratio).
- The p measure is designed to account for the effects of relative poverty.
- The p measure is designed to account for the effects of absolute poverty.
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6. In a certain economic scenario, Firm A vends its products to Firm B. which subsequently retails them to Firm C for a sum of ₹1,200. The value added by Firm B amounts to half of the value added by Firm A. Assuming that the inputs employed by Firm A are negligible, determine the volume of A's sales to B.
7. Which of the following choices best represents an instance of a contractionary monetary policy measure?
8. Among the given statements, select the accurate characteristics of indifference curves.
- Higher indifference curve represents lower level of satisfaction than a lower indifference curve.
- Indifference curves exhibit convexity towards the origin.
- Indifference curves showcase concavity towards the origin.
- Indifference curves slope downward to the right.
- Indifference curves do not intersect each other.
Choose the correct answer from the options given below
9. From the data given below, identify the balance of trade if
Total exports of petrol, diesel and aviation fuel=₹2,500 crore
Total imports of crude oil = ₹3,000 crore
Total exports of jewellries = ₹200 crore
Total imports of precious metals = ₹150 crore
10. Which of the following is a key focus area of Pakistan's economic reform?
11. "In the realm of rural credit, institutional sources refer to established lending entities which extend financial services to rural communities." Which of the following is an institutional source of rural credit?
12. Which of the following assertions accurately describes MGNREGA (Mahatma Gandhi National Rural Employment Guarantee Act)?
- Provision of unemployment compensation if the government fails to provide employment within the designated time frame.
- Offering complimentary LPG gas cylinders to the jobless.
- The enactment of the Mahatma Gandhi National Rural Employment Guarantee Act by the Indian Government took place in September, 2005.
- Guarantee of 100 days of waged work in a financial year
- Provision of essential provisions and payment of utility bills during employment tenure.
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13. China has a relatively low infant mortality rate, whereas the highest infant mortality rate is observed in which country?
14. Calculate the value of C, if autonomous consumption and Income (Y') are given as ₹50 and ₹1,000 respectively, where MPC is 0.6. What would be the value of C, if MPC is increased to 0.8?
15. What do we call the change in the amount of finished products, partially finished items and raw materials?
16. Choose the correct statement about balance of trade.
- It excludes any dealings of a capital nature
- It includes visible items, invisible items, unilateral transfers and capital transfers.
- It refers to difference between amount of exports and imports of visible items.
- It is an accounting statement that records systematic record of all economic transactions, between residents of a country and rest of the world in a given period of time.
- It solely comprises tangible goods in its calculation.
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17. Which of the following is not taken into consideration in national income accounts?
18. Riya, a student of economics, observed some significant changes in the prices of goods and services over the past year. She noticed that the prices of essential commodities like groceries, fuel and transportation had risen noticeably, affecting her monthly budget. Which economic phenomenon is highlighted in the above case?
19. Which of the following statements accurately describes the role of a government budget?
- Its primary aim is to decrease disparities in income and wealth.
- It solely encompasses revenue receipts and expenditures
- It can be harnessed to shape economic growth and development.
- It remains fixed and unchanging each fiscal year
- It has no impact on the economy
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20. Which of the following statements best defines the Production Possibility Curve (PPC)?
