1. Unemployment that occurs due to a mismatch between the skills of workers and the requirements of jobs is called:

2. What was the main reason for introducing economic reforms in India in 1991?

3. What was the main technological innovation introduced during the Green Revolution?

4. The excess of total expenditure over total receipts, excluding debt capital receipts, is called:

5. Which of the following best describes the main difference between a market economy and a planned economy?

6. Arrange the following committees related to poverty estimation in India in chronological order:
i) Alagh Committeе
ii) Lakdawala Committee
iii) Tendulkar Committee
iv) Rangarajan Committee

7. Arrange the following economic events in India in chronological order:
i) Nationalization of 14 major banks
ii) India's LPG reforms
iii) Launch of the First Five-Year Plan
iv) Formation of NITI Aayog
Options:

8. Identify which of the following statements is true?

9. Hypothetically, a firm's profit margin and total profit are maximized at the same point when

10. IfIndian government is running a budget deficit and net exports are zero, then

11. Suppose the GDP at Market Price of a country in 2024 was 1000 crores. The values of Net factor income from abroad was 100 crores, net factor income paid to abroad was 50 crores, net indirect taxes were 100 crores and the national income was 700 crores. Calculate the total value of depreciation.

12. Suppose, GDP in India in FY 2023-24 is 6,00,000 and we also assume the following: Mr. P, an Indian citizen, works in Tokyo and earns 50,000. Mr. Q, an Australian citizen, works in Mumbai and earns 30,000. Mrs. R, an Indian citizen, owns a restaurant in UK which she rents to a British family for 25,000. Mrs. S, a German citizen, owns a factory in New Delhi which she rents to an Indian firm for 60,000. Given above, GNP in India in FY 2023-24 will be:

13. What has been a key factor in India's economic growth in recent decades?

14. When was the last Census of India conducted?

15. Inequality of income is measured by:

16. Match List A with List B:
List- A List - B
(I) Fall in general price level 1) Devaluation
(II) Reduction in value of currency 2) Expansionary policy
(III) Increase in spending by the government 3) Deflation
(IV) Increase in taxes on traded goods 4) Tariff
Choose the correct option:

17. In the case of a perfectly competitive firm, the

18. Under which market structure does the firm's demand curve coincide with the market demand curve?

19. A firm faces the following long run cost function TC=q³ - 40q² +450q. Average Cost, AC, will be at its minimum when

20. Suppose, production function for automobiles is given by q = KL. Assume q = 100 and K=25. If one more unit of labour is used while capital is held constant, marginal product of labour is equal to_____ , and average product of labour _____

21. (10, 16) and (12, 14) are two points on an isoquant, where the first input is labour and the second is capital. The rate of substitution of labour of capital between these two points is

22. A Consumer has utility function U(X,X,)=x²X,. Price of X=1 and Price of X=3 and consumer income is 180. Find the consumer's optimal bundle.

23. If the cross elasticity of demand between goods A and B is positive,

24. Which of the following best describes the Phillips Curve in macroeconomics?

25. Responsible for accounting in India?

26. What does the Lorenz curve represent?

27. Which is not one of the four main factors of production?

28. Which five year plan of India was based on Mahalanobis model?

29. ?Agreement on Technical Barriers to Trade (TBT)? is related with which institution?

30. What is Gross Domestic Product?

31. Which of the following is the relation that the law of demand defines?

32. What is the meaning of a `Mixed Economy`?

33. Which of the below statement is correct?

34. An economist estimated that a commodity Y had a price index of 100, calculated for 1993 with base year of 1990, and a quantity index of 0.5 when calculated for 1990 with base year of 1993. What is the Fisher Ideal Value Index for 1993 with the base year taken to be 1990?

35. Match the different types of taxes in India with their corresponding impositions: