Q1
Accountancy & Book KeepingTaxation
💰General Economics & Indian EconomyEconomics
Law of Demand & Supply, Inflation, National Income (GDP, GNP, NNP), Monetary & Fiscal Policies, Reserve Bank of India (RBI), Economic Reforms, and Union Budget.
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📝 Solved General Economics & Indian Economy Questions (144)
100% Free AccessMode: Interactive Practice (Click any option to test yourself)
Q2
Accountancy & Book KeepingTaxation
A Finance Bill becomes the Finance Act when it is passed by:
Q3
Accountancy & Book KeepingTaxation
Income which accrues or arises outside India & is also received outside India is taxable in the case of:
Q4
Accountancy & Book KeepingTaxation (GST)
Which of the following is/are included in the definition of "Goods" as defined under section 2(52) of the CGST Act, 2017?
Q5
Accountancy & Book KeepingTaxation
The amount payable at the time of closure or opting out of the National Pension Scheme referred to in section 80CCD shall be exempt to the extent of _____ of the total amount payable.
Q6
Accountancy & Book KeepingTaxation
Assertion (A): If the interest is payable outside India, tax must be deducted at source.
Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income.
Select the correct answer from the code given below:
Reason (R): If tax has not been deducted at source, the amount paid as interest will not be allowed as a deduction in computing business income.
Select the correct answer from the code given below:
Q7
General EconomicsEconomics
Which of the below statements is correct?
Q8
General EconomicsEconomics
What is the meaning of a 'Mixed Economy'?
Q9
General EconomicsEconomics
Which of the following is the relation that the law of demand defines?
Q10
General EconomicsEconomics
What is Gross Domestic Product?
Q11
General EconomicsEconomics
The 'Agreement on Technical Barriers to Trade (TBT)' is related to which institution?
Q12
General EconomicsEconomics
Commercial Paper (CP) is an unsecured money market instrument issued in the form of a:
Q13
General EconomicsEconomics
Bank rate is the rate at which the RBI extends credit to the:
Q14
General EconomicsEconomics
Which five-year plan of India was based on the Mahalanobis model?
Q15
General EconomicsEconomics
Which is NOT one of the four main factors of production?
Q16
General EconomicsEconomics
What does the Lorenz curve represent?
Q17
Typewritten & Printed DocumentsElasticity
Hooke's Law describes the relationship between stress and:
Q18
Organic ChemistryIndian Economy
Which of the following taxes are abolished by the Goods and Services Tax?
Q19
Physical ChemistryIndian Economy
Hundies are normally
Q20
Physical ChemistryIndian Economy
The term HUF is frequently found in taxation system in India, what does HUF stands for?
Q21
General Knowledge & AwarenessEconomy
Who is responsible for establishing and maintaining a sound and efficient accounting and financial reporting system in India?
Q22
General Awareness & Current AffairsEconomy
Government strategy regarding exporters and importers is called
Q23
📚 Social ScienceIndian Economy
How many times in a year does the RBI release the Monetary Policy?
Q24
Estimating, Costing & ValuationWater Supply Intake
Pick up the incorrect statement from the following. The intake of a water supply scheme should
Q25
General Knowledge & Current Affairs with special ref to J&KEconomy & Agriculture
Jammu and Kashmir is the leading producer of which high-value spice crop in India?
Q26
General Knowledge & Current Affairs with special ref to J&KEconomy & Agriculture
Who is widely recognized as the 'Father of the Green Revolution' in India?
Q27
Ecology & Environmental BiologyWater Quality Parameters: Turbidity
Which among the following causes turbidity in water?
Q28
Environmental Laws & Disaster ManagementBiochemical Oxygen Demand Concept
The BOD (Biochemical Oxygen Demand) of a wastewater is a measure of
Q29
General Knowledge & Current AffairsMacroeconomics & Inflation
Which of the following most closely defines stagflation in an economy?
Q30
General Knowledge & Current AffairsGST Structure in India
Consider the following pairs of types of GST along with their respective applications.
1. SGST - is applicable on intrastate (within the same state) transactions
2. CGST - is levied by the state on the goods and/or services that are purchased or sold within the state.
3. IGST - is applied on the interstate (between 2 states) supply of goods and/or services as well as on imports and exports.
4. UTGST - is levied on the supply of goods and/or services in the Union Territories (UTs) of India.
Which of the following pairs is/are correctly matched?
1. SGST - is applicable on intrastate (within the same state) transactions
2. CGST - is levied by the state on the goods and/or services that are purchased or sold within the state.
3. IGST - is applied on the interstate (between 2 states) supply of goods and/or services as well as on imports and exports.
4. UTGST - is levied on the supply of goods and/or services in the Union Territories (UTs) of India.
Which of the following pairs is/are correctly matched?
Q31
💼 Business & EconomyIndian Corporate Leaders & Founders
Who is the founder of the biotech Indian company called 'Biocon'?
Q32
🏦 Banking & FinanceBanking Abbreviations & Codes
In the context of the banking sector, what does 'F' stand for in IFSC?
Q33
📊 EconomicsSectors of the Economy
Banking sector comes under which of the following sectors?
Q34
🏦 Banking & FinanceBanking History & New Private Banks
Which of the following is the recently opened bank in India?
Q35
🏦 Banking & FinanceCurrency & Coinage in India
Who is responsible for the supply of coins in India?
Q36
🏦 Banking & FinancePublic vs Private Sector Banks
Which among the following is not a public sector bank?
Q37
📊 EconomicsGovernment Budget & Deficits
Which of the following is the definition of a budget deficit?
Q38
📊 EconomicsInternational Trade & Balance of Trade
Balance of trade is
Q39
📊 EconomicsTaxation: Surcharge and Cess
The temporary tax levied to obtain additional revenue is called
Q40
📊 Economics & Union BudgetUnion Budget 2024-25 Capex
What is the amount of capital expenditure (capex) outlay announced by the Indian government in the union budget 2024-25?
Q41
⚙️ Mechanical EngineeringIndustrial Engineering: Demand Forecasting
In a static environment, forecasting future is:
Q42
⚙️ Mechanical EngineeringHydraulic Machines: Hydraulic Turbines
Match List-I with List-II and select the correct answer using the codes given below:
List-I: P. Propeller, Q. Francis turbine, R. Kaplan turbine, S. Pelton turbine
List-II: 1. Inward flow reaction, 2. Tangential flow impulse, 3. Axial flow reaction with fixed vanes, 4. Axial flow reaction with adjustable vanes
List-I: P. Propeller, Q. Francis turbine, R. Kaplan turbine, S. Pelton turbine
List-II: 1. Inward flow reaction, 2. Tangential flow impulse, 3. Axial flow reaction with fixed vanes, 4. Axial flow reaction with adjustable vanes
Q43
⚙️ Mechanical EngineeringThermodynamics: Gas Turbine Brayton Cycle
The Brayton cycle is commonly used in:
Q44
⚙️ Mechanical EngineeringHydraulic Machines: Turbines
A hydraulic turbine converts:
Q45
General Awareness & ScienceSectors of Indian Economy
Consider the following pairs:
1. Primary — a. Banking
2. Secondary — b. Car manufacturing
3. Tertiary — c. Fishing
Which of the following pair is correct?
1. Primary — a. Banking
2. Secondary — b. Car manufacturing
3. Tertiary — c. Fishing
Which of the following pair is correct?
Q46
General Knowledge & Current Affairs with special ref to J&KSatellite Launch Trajectories & Orbital Mechanics
Assertion (A): Artificial Satellites are always launched from the earth in the eastwards direction.
Reason (R): The earth rotates from west to east and so the satellite attains the escape velocity.
Choose the correct option:
Reason (R): The earth rotates from west to east and so the satellite attains the escape velocity.
Choose the correct option:
Q47
General Knowledge & Current Affairs with special ref to J&KNPCI vs RBI Regulatory Roles
Which of the following is NOT an objective of NPCI?
Q48
Mental Ability / ReasoningBlue Economy 2.0 Framework
Which one of the following best describes the term 'Blue Economy 2.0', highlighted in the Union Budget 2024?
Q49
Mental Ability / ReasoningRBI Regulatory Actions on Payments Banks
Recently in early 2024, the Reserve Bank of India (RBI) imposed supervisory restrictions under Section 35A on which payment bank?
Q50
Mental Ability / ReasoningRBI QCVM Pilot Project
The QR Code-based Coin Vending Machine (QCVM), piloted by the Reserve Bank of India, dispenses coins using which technology?
Q51
Basic EnglishSectors of the Economy
Which of the following economic activities comes under the Tertiary (Services) Sector of the economy?
Q52
Basic EnglishTaxes Subsumed under GST
Which of the following indirect taxes was subsumed and abolished upon the nationwide rollout of the Goods and Services Tax (GST)?
Q53
General English & ComprehensionJ&K Economy & GST Implementation
When was the Goods and Services Tax (GST) implemented in Jammu and Kashmir?
Q54
Psychotherapy & Interventions (CBT, Behavioral)Chronic Pain & Psychological Comorbidity
How does chronic pain often impact a person's psychological well-being?
Q55
Radiotherapy Equipment (Linac, Telecobalt)GDPR & Healthcare Data Privacy
What is the main concern addressed by GDPR (General Data Protection Regulation) in data privacy.
Q56
Radiation Safety, Protection & Quality AssuranceRTOG Acute Radiation Morbidity Scoring
In the RTOG grading scale, which grade corresponds to severe erythema and moist desquamation caused by radiation therapy?
Q57
Organic Chemistry, Stereochemistry & Reaction IntermediatesMolecular Orbital Aromaticity
What is the molecular orbital description of aromaticity and antiaromaticity?
Q58
Applied Behaviour Analysis (ABA) & Community-Based Rehabilitation (CBR)Token Economy Systems
Token economies are being used in a psychiatric rehabilitation facility to effectively maintain or change a broad range of behaviors. What is the underlying concept of behaviourism which is operating here?
Q59
Indian History, Polity, Reasoning & Industrial SafetySectors of Economy
Which of the following is a characteristic of the primary sector of the economy?
Q60
General Awareness, Indian History & GeographyNational Income Economics
What is the use of Net National Product (NNP)?
Q61
Pharmaceutical Chemistry, Limit Tests & Instrumental AnalysisTurbidimetry vs Nephelometry
What would you use to measure the intensity of light transmitted through a solution containing suspended particles?
Q62
Medicinal Chemistry, Pharmacology & Drug SARBarbiturate Synthesis
Which of the following is the precursor of barbituric acid?
Q63
Pharmacognosy, Phytochemistry & General AwarenessPublic Finance & Budgeting
What is the primary purpose of a budget?
Q64
Pharmacognosy, Phytochemistry & General AwarenessGoods and Services Tax (GST)
IGST is payable when the supply is?
Q65
Cyber Security, IT Act 2000, Cryptography & IPRIT Act RBI Act Amendments
Which section of the Reserve Bank of India has been amended after the commencement of the Information Technology Act, 2000 to include electronic fund transfer services like RTGS, NEFT, etc.?
Q66
Pharmaceutical Analysis, Limit Tests & Quality ControlClinical Applications of Turbidimetry
What is the main clinical use of Turbidimetry
Q67
Pharmacognosy, Phytochemistry & General AwarenessFive Year Plans & Blue Revolution
Blue revolution was first launched in India during which of the Five Year Plan?
Q68
Pharmacognosy, Phytochemistry & General AwarenessMacroeconomics Concepts
Which of the following best describes the Phillips Curve in macroeconomics?
Q69
Pharmacognosy, Phytochemistry & General AwarenessBanking & NBFC Regulations
Which type of NBFC activities are not eligible for bank credit?
Q70
Pharmacognosy, Phytochemistry & General AwarenessInternational Trade Economics
Consider a scenario in which a small country imposes a tariff on a product. Which of the statements below is false?
Q71
Mechanical Engineering & Thermal SciencesHydraulic Turbines Matching
Consider the following pairs:
i. Reaction turbine
ii. Impulse turbine
iii. Runner
iv. Turbines
1. The flow energy is converted into kinetic energy through a nozzle before the liquid impacts the runner
2. Moving component of a turbine
3. Extract useful energy from the water flowing in a piping system
4. Uses both flow energy and kinetic energy
Which of the pairs given above is/are correctly matched?
i. Reaction turbine
ii. Impulse turbine
iii. Runner
iv. Turbines
1. The flow energy is converted into kinetic energy through a nozzle before the liquid impacts the runner
2. Moving component of a turbine
3. Extract useful energy from the water flowing in a piping system
4. Uses both flow energy and kinetic energy
Which of the pairs given above is/are correctly matched?
Q72
Mechanical Engineering & Thermal SciencesFrancis Turbine Characteristics
Which of the statement is incorrect with respect to Francis turbine
Q73
Mechanical Engineering & Thermal SciencesReaction Turbine Operation
Consider the following statements with respect to the Reaction turbines:
I. The flow is contained in a volute
II. Adjustable guide vanes are situated downstream of the runner
III. When the fluid travels through the runner, angular momentum is reduced
IV. There is no diffuser in this turbine
Which of the following statement is/are correct:
I. The flow is contained in a volute
II. Adjustable guide vanes are situated downstream of the runner
III. When the fluid travels through the runner, angular momentum is reduced
IV. There is no diffuser in this turbine
Which of the following statement is/are correct:
Q74
Electrical Machines & Power SystemsPower Plant Economics Matching
Match the two lists and choose the correct answer from the code given below:
List -I (Name of Power Plant):
w. Thermal
x. Nuclear
y. Hydro
z. Diesel
List-II (Plant Features):
i. High operating cost
ii. High capital cost
iii. High plant life
iv. High fuel transportation cost
Choose the correct options:
List -I (Name of Power Plant):
w. Thermal
x. Nuclear
y. Hydro
z. Diesel
List-II (Plant Features):
i. High operating cost
ii. High capital cost
iii. High plant life
iv. High fuel transportation cost
Choose the correct options:
Q75
Food Chemistry, Lipids, Proteins & CarbohydratesAscorbic Acid Oxidation Pathway
Arrange the products of vitamin C in sequential order of oxidation:
I. L-Ascorbic Acid
II. Diketo-L-Gulonic Acid
III. Dehydro-L-Ascorbic Acid
Choose the correct option:
I. L-Ascorbic Acid
II. Diketo-L-Gulonic Acid
III. Dehydro-L-Ascorbic Acid
Choose the correct option:
Q76
Food Chemistry, Lipids, Proteins & CarbohydratesSorbic Acid Antimycotic Spectrum
Sorbic Acid is effective against:
Q77
Food Chemistry, Lipids, Proteins & CarbohydratesAscorbic Acid Nomenclature
Vitamin C is also known as:
Q78
Water Quality, Aquatic Chemistry & Wastewater EngineeringTurbidity Principles
Consider the following pairs:
1. Turbidity: Measure of the extent to which light is absorbed or scattered by suspended matter
2. Turbidity: Measure of the extent to which light is absorbed or scattered by dissolved matter
3. Turbidity: Turbidity is not a direct quantitative measure of suspended solids
4. Turbidity: Soaps and detergents do not produce stable colloids that cause turbidity
Which of the above pairs match correctly?
1. Turbidity: Measure of the extent to which light is absorbed or scattered by suspended matter
2. Turbidity: Measure of the extent to which light is absorbed or scattered by dissolved matter
3. Turbidity: Turbidity is not a direct quantitative measure of suspended solids
4. Turbidity: Soaps and detergents do not produce stable colloids that cause turbidity
Which of the above pairs match correctly?
Q79
Water Quality, Aquatic Chemistry & Wastewater EngineeringOxygen Demand Parameters Matching
Consider the following pairs:
Set-A:
1. BOD
2. COD
3. TOC
4. Ultimate BOD
Set-B:
i. Measure of natural organic matter
ii. BOD equal to the initial oxygen equivalent of the water
iii. Organic matter chemically oxidized
iv. Amount of oxygen consumed during microbial utilization of organics
v. Conversion of substrates to cells
Which one among the pairs given below is correct:
Set-A:
1. BOD
2. COD
3. TOC
4. Ultimate BOD
Set-B:
i. Measure of natural organic matter
ii. BOD equal to the initial oxygen equivalent of the water
iii. Organic matter chemically oxidized
iv. Amount of oxygen consumed during microbial utilization of organics
v. Conversion of substrates to cells
Which one among the pairs given below is correct:
Q80
Medicinal Chemistry, Pharmacology & PharmacognosyBarbiturates Classification
Which of the following is an example of ultra short acting barbiturates?
Q81
Medicinal Chemistry, Pharmacology & PharmacognosyBarbituric Acid SAR
If both the hydrogens at 5th position of barbituric acid are not replaced, then it leads to:
Q82
General Knowledge, Physiology & Current AffairsEconomics (REER)
What does an increase in the Real Effective Exchange Rate (REER) indicate for a country's economy?
Q83
General Knowledge, Physiology & Current AffairsBanking Financial Systems (RTGS)
What is the full form of RTGS in banking?
Q84
General Awareness with Special Reference to J&K UTEconomics (Consumer Sovereignty)
What does "consumer sovereignty" in a free market economy refer to?
Q85
General Awareness with Special Reference to J&K UTEconomy of J&K
Which sector is the primary contributor to Jammu and Kashmir's economy?
Q86
General Awareness with Special Reference to J&K UTTaxation Structure in India
Match the different types of taxes in India with their corresponding impositions:
Different types of taxes:
i) Income Tax
ii) Central Goods and Service Tax (CGST)
iii) Customs Duty
iv) Integrated Goods and Services Tax (IGST)
Imposition of tax:
1) Levied on the import and export of goods
2) Levied by the central government on the intrastate movement of goods and services.
3) Levied when there is an inter-state transfer of goods and services.
4) Levied on the income of individuals and organisations.
Choose the Correct Option:
Different types of taxes:
i) Income Tax
ii) Central Goods and Service Tax (CGST)
iii) Customs Duty
iv) Integrated Goods and Services Tax (IGST)
Imposition of tax:
1) Levied on the import and export of goods
2) Levied by the central government on the intrastate movement of goods and services.
3) Levied when there is an inter-state transfer of goods and services.
4) Levied on the income of individuals and organisations.
Choose the Correct Option:
Q87
Sociology, Social Stratification & Social DevelopmentPublic Policy & NITI Aayog
NITI Aayog can transform the development agenda of India by:
Q88
Night Audit Operations, Hospitality Ratios & Yield ManagementLow Demand Revenue Tactics
Which of these is a low demand tactic used in hotel revenue management?
Q89
Hotel Administration, HRACC Star Classification & TimeshareHotel Financial Budgetary Control
Which among these is an advantage of budgetary control in hotel management?
Q90
Hotel Administration, HRACC Star Classification & TimeshareMaster Budget in Hospitality
The summary of all functional and departmental budgets prepared in an organization is called the:
Q91
Indian Polity, History & GeographySectors of Economy (Secondary Sector)
The ________ sector covers economic activities in which natural products are changed into other forms through ways of manufacturing associated with industrial activity:
Q92
General Awareness with Special Reference to J&K UT & Current AffairsIndian Economy & Taxation (GST Council)
Which of the following are part of the Goods and Services Tax (GST) Council of India?
I. Cabinet Ministers of Union Government
II. Union Finance Minister
III. Union Minister of State in charge of Revenue or Finance
IV. The Minister in charge of Finance for each state or any minister nominated by the state government
Choose the correct option:
I. Cabinet Ministers of Union Government
II. Union Finance Minister
III. Union Minister of State in charge of Revenue or Finance
IV. The Minister in charge of Finance for each state or any minister nominated by the state government
Choose the correct option:
Q93
General Awareness with Special Reference to J&K UT & Current AffairsGST Genesis & Kelkar Task Force
Who initially proposed the idea of implementing a nationwide GST in India, and in which year?
Q94
General Awareness, Current Affairs & J&K UT Special ReferenceIndian Banking History
Who among the following was the first Indian Governor of the Reserve Bank of India (RBI)?
Q95
General Awareness, Current Affairs & J&K UT Special ReferenceEconomics & Econometrics
Econometrics is concerned with which of the following aspects?
(A) Empirical support to economic theory
(B) Quantitative analysis of economic data
(C) Use of tools of mathematics and statistical inference
(D) All of the above
(A) Empirical support to economic theory
(B) Quantitative analysis of economic data
(C) Use of tools of mathematics and statistical inference
(D) All of the above
Q96
General Awareness, Current Affairs & J&K UT Special ReferenceInternational Trade Economics
The Terms of Trade (TOT) of a country are said to be favorable when the prices of its exports are ________ relatively to the prices of its imports:
Q97
General Awareness, Current Affairs & J&K UT Special ReferenceMacroeconomics (Deflation)
A persistent and sustained fall in the general price level of goods and services in an economy is known as:
Q98
Ecology, Environmental Science, Conservation & WildlifeClimate Economics (Carbon Credits)
The international 'carbon credit' and cap-and-trade market system allows countries and corporations to:
(A) Buy the right to pollute in exchange for forest conservation/offsets
(B) Set a cap on carbon emissions and trade emission allowances among countries
(C) Receive credits from the UN for reducing emissions
(D) Both A and B are correct
(A) Buy the right to pollute in exchange for forest conservation/offsets
(B) Set a cap on carbon emissions and trade emission allowances among countries
(C) Receive credits from the UN for reducing emissions
(D) Both A and B are correct
Q99
Chemical Sciences & Environmental ChemistryWater Pollution & Oxygen Demand (BOD vs COD)
In a water sample, COD is higher than BOD due to:
1. Presence of synthetic chemicals that are non-biodegradable
2. Faster oxidation of organic matter in COD testing
3. Higher microbial decomposition under test conditions
Choose the correct statement:
1. Presence of synthetic chemicals that are non-biodegradable
2. Faster oxidation of organic matter in COD testing
3. Higher microbial decomposition under test conditions
Choose the correct statement:
Q100
Stereochemistry, Molecular Structure & Symmetry ElementsMolecular Orbital Theory of Aromaticity
Which of the following statements correctly describe the molecular orbital (MO) theory of aromaticity and antiaromaticity?
1. According to MO theory, aromatic compounds have a completely filled set of bonding molecular orbitals, leading to delocalization and stabilization.
2. Antiaromatic compounds are characterized by partially filled or degenerate molecular orbitals, resulting in instability.
3. In a cyclic -system, aromaticity is associated with the presence of -electrons, while antiaromaticity occurs with -electrons.
4. Nonaromatic compounds lack cyclic conjugation and do not exhibit molecular orbital stabilization or destabilization due to -electrons.
1. According to MO theory, aromatic compounds have a completely filled set of bonding molecular orbitals, leading to delocalization and stabilization.
2. Antiaromatic compounds are characterized by partially filled or degenerate molecular orbitals, resulting in instability.
3. In a cyclic -system, aromaticity is associated with the presence of -electrons, while antiaromaticity occurs with -electrons.
4. Nonaromatic compounds lack cyclic conjugation and do not exhibit molecular orbital stabilization or destabilization due to -electrons.
Q101
Satellite Communications & Space SystemsOrbital Mechanics & Kepler's Laws
A planet's orbit is an ellipse with the Sun at one focus. What happens if the eccentricity of the orbit becomes very close to 1?
Q102
Satellite Communications & Space SystemsKepler's Laws & Orbital Mechanics
A satellite orbits the Earth for a time period of 10 hours at a certain distance from the Earth's surface. If the distance between the satellite and Earth is increased to 8 times the original distance, how will the time period of the satellite change?
Q103
Satellite Communications & Space SystemsAttitude and Orbit Control (AOCS)
Which of the following attitude control methods is most commonly used for precise satellite orientation without using propellant?
Q104
Satellite Communications & Space SystemsSatellite Link Budget
Which of the following statements are correct about a link budget?
I. A link budget is the total of all the signal gains and losses along the path.
II. A link budget is the cost associated with setting up the transmitter and receiver link.
III. A link budget helps compute SNR at both the satellite and ground station receivers for a specific modulation scheme.
Choose the correct statement:
I. A link budget is the total of all the signal gains and losses along the path.
II. A link budget is the cost associated with setting up the transmitter and receiver link.
III. A link budget helps compute SNR at both the satellite and ground station receivers for a specific modulation scheme.
Choose the correct statement:
Q105
Engineering Drawing, Agricultural Schemes & General AgricultureAgricultural Economics & MSP
Which one of the following bodies recommends the minimum support price for agricultural crops?
Q106
General Awareness & General Science with Special Reference to J&KJ&K Agriculture & Economy
Purple revolution in Jammu and Kashmir is associated with which crop?
Q107
Motor Parts, Assemblies, Maintenance & DiagnosticsAir Induction Restriction & Fuel Economy
Which of the following options is correctly represent the basic variations between (i) Airflow and (ii) Fuel consumption, when an "air cleaner" of an automobile gets clogged with dirt.
Q108
EconomicsElasticity of Demand & Revenue
Producers' total revenue will decrease if:
A) the price rises and demand is elastic
B) income increases and the good is a normal good
C) the price falls and demand is elastic
D) income falls and the good is an inferior good.
A) the price rises and demand is elastic
B) income increases and the good is a normal good
C) the price falls and demand is elastic
D) income falls and the good is an inferior good.
Q109
EconomicsConsumer Theory & Elasticity
If the cross elasticity of demand between goods A and B is positive,
A) the demands for A and B are both price elastic.
B) A and B are complements.
C) A and B are substitutes.
D) the demands for A and B are both price inelastic.
A) the demands for A and B are both price elastic.
B) A and B are complements.
C) A and B are substitutes.
D) the demands for A and B are both price inelastic.
Q110
EconomicsMicroeconomics & Consumer Choice
A Consumer has utility function U(X1, X2) = X1^2 * X2. Price of X1 = 1 and Price of X2 = 3 and consumer income is 180. Find the consumer's optimal bundle.
A) (120, 20)
B) (40, 80)
C) (20, 120)
D) (80, 40)
A) (120, 20)
B) (40, 80)
C) (20, 120)
D) (80, 40)
Q111
EconomicsProduction Theory & Isoquants
(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 for capital between these two points is:
A) 0
B) 1
C) 2
D) 10
A) 0
B) 1
C) 2
D) 10
Q112
EconomicsTheory of Production
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 ______
A) 25; decreases from 25 to 20 automobiles per unit of labour.
B) 125; remains unchanged at 25 automobiles per unit of labour.
C) 25; remains unchanged at 25 automobiles per unit of labour.
D) 25; decreases from 25 to 24 automobiles per unit of labour.
A) 25; decreases from 25 to 20 automobiles per unit of labour.
B) 125; remains unchanged at 25 automobiles per unit of labour.
C) 25; remains unchanged at 25 automobiles per unit of labour.
D) 25; decreases from 25 to 24 automobiles per unit of labour.
Q113
EconomicsCost Theory & Minimization
A firm faces the following long run cost function TC = q^3 - 40q^2 + 450q. Average Cost, AC, will be at its minimum when:
A) Q = 10, AC = 20
B) Q = 40, AC = 60
C) Q = 20, AC = 50
D) Q = 40, AC = 10
A) Q = 10, AC = 20
B) Q = 40, AC = 60
C) Q = 20, AC = 50
D) Q = 40, AC = 10
Q114
EconomicsMarket Structures
Under which market structure does the firm's demand curve coincide with the market demand curve?
A) Perfect Competition
B) Monopoly
C) Monopolistic Competition
D) Oligopoly
A) Perfect Competition
B) Monopoly
C) Monopolistic Competition
D) Oligopoly
Q115
EconomicsPerfect Competition
In the case of a perfectly competitive firm, the
A) firm's marginal revenue exceeds the price of the product.
B) change in the firm's total revenue equals the price of the product multiplied by the change in quantity sold.
C) firm's marginal revenue is less than average revenue.
D) price of the product falls sharply when the quantity the firm sells doubles.
A) firm's marginal revenue exceeds the price of the product.
B) change in the firm's total revenue equals the price of the product multiplied by the change in quantity sold.
C) firm's marginal revenue is less than average revenue.
D) price of the product falls sharply when the quantity the firm sells doubles.
Q116
EconomicsMacroeconomics & Economic Policies
Match List A with List B:
List - A
(I) Fall in general price level
(II) Reduction in value of currency
(III) Increase in spending by the government
(IV) Increase in taxes on traded goods
List - B
1) Devaluation
2) Expansionary policy
3) Deflation
4) Tariff
Choose the correct option:
A) (I)-(1), (II)-(3), (III)-(4), (IV)-(2)
B) (I)-(2), (II)-(1), (III)-(3), (IV)-(4)
C) (I)-(3), (II)-(1), (III)-(2), (IV)-(4)
D) (I)-(3), (II)-(1), (III)-(4), (IV)-(2)
List - A
(I) Fall in general price level
(II) Reduction in value of currency
(III) Increase in spending by the government
(IV) Increase in taxes on traded goods
List - B
1) Devaluation
2) Expansionary policy
3) Deflation
4) Tariff
Choose the correct option:
A) (I)-(1), (II)-(3), (III)-(4), (IV)-(2)
B) (I)-(2), (II)-(1), (III)-(3), (IV)-(4)
C) (I)-(3), (II)-(1), (III)-(2), (IV)-(4)
D) (I)-(3), (II)-(1), (III)-(4), (IV)-(2)
Q117
EconomicsDevelopment Economics & Income Distribution
Inequality of income is measured by:
A) Human development index
B) Gini coefficient
C) Per capita income
D) Physical quality of life index
A) Human development index
B) Gini coefficient
C) Per capita income
D) Physical quality of life index
Q118
EconomicsIndian Demography & Census
When was the last Census of India conducted?
A) 2011
B) 2021
C) 2024
D) 2025
A) 2011
B) 2021
C) 2024
D) 2025
Q119
EconomicsIndian Economy & Reforms
What has been a key factor in India's economic growth in recent decades?
A) Strict regulations on foreign investments
B) Declining population growth
C) Improved business climate
D) Reduced emphasis on infrastructure projects
A) Strict regulations on foreign investments
B) Declining population growth
C) Improved business climate
D) Reduced emphasis on infrastructure projects
Q120
EconomicsNational Income Accounting
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:
A) 5,85,000
B) 6,45,000
C) 4,80,000
D) 5,30,000
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:
A) 5,85,000
B) 6,45,000
C) 4,80,000
D) 5,30,000
Q121
EconomicsNational Income Accounting
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.
A) 250 crores
B) 450 crores
C) 1850 crores
D) 300 crores
A) 250 crores
B) 450 crores
C) 1850 crores
D) 300 crores
Q122
EconomicsMacroeconomic Identities
If Indian government is running a budget deficit and net exports are zero, then
A) investment is greater than saving.
B) saving is greater than investment.
C) investment and saving are equal.
D) None of the above.
A) investment is greater than saving.
B) saving is greater than investment.
C) investment and saving are equal.
D) None of the above.
Q123
EconomicsTheory of the Firm & Profit Maximization
Hypothetically, a firm's profit margin and total profit are maximized at the same point when
A) P - minimum ATC is the maximum
B) when only P = MR = SMC
C) when P = minimum ATC
D) None of the above
A) P - minimum ATC is the maximum
B) when only P = MR = SMC
C) when P = minimum ATC
D) None of the above
Q124
EconomicsMonetary Policy & Banking
Match List A with List B:
List - A
(I) Bank Rate
(II) Reverse Repo Rate
(III) Statutory Liquidity Ratio
(IV) Cash Reserve Ratio
List - B
(1) Minimum percentage of a bank's deposits that must be maintained as reserves in liquid form with the RBI.
(2) Minimum percentage of a bank's deposits that must be maintained as reserves in liquid form.
(3) Rate at which the RBI borrows money from commercial banks.
(4) Rate at which the RBI provides loans to commercial banks for long-term and without any collateral.
Choose the correct option:
A) (I)-(3), (II)-(4), (III)-(1), (IV)-(2)
B) (I)-(4), (II)-(3), (III)-(1), (IV)-(2)
C) (I)-(3), (II)-(4), (III)-(2), (IV)-(1)
D) (I)-(4), (II)-(3), (III)-(2), (IV)-(1)
List - A
(I) Bank Rate
(II) Reverse Repo Rate
(III) Statutory Liquidity Ratio
(IV) Cash Reserve Ratio
List - B
(1) Minimum percentage of a bank's deposits that must be maintained as reserves in liquid form with the RBI.
(2) Minimum percentage of a bank's deposits that must be maintained as reserves in liquid form.
(3) Rate at which the RBI borrows money from commercial banks.
(4) Rate at which the RBI provides loans to commercial banks for long-term and without any collateral.
Choose the correct option:
A) (I)-(3), (II)-(4), (III)-(1), (IV)-(2)
B) (I)-(4), (II)-(3), (III)-(1), (IV)-(2)
C) (I)-(3), (II)-(4), (III)-(2), (IV)-(1)
D) (I)-(4), (II)-(3), (III)-(2), (IV)-(1)
Q125
EconomicsForeign Exchange & International Trade
Identify which of the following statements is true?
A) The flexible exchange rate system gives the government more flexibility to maintain large stocks of foreign exchange reserves.
B) In the fixed exchange rate system, the government intervenes to buy and sell foreign currencies.
C) In the managed floating exchange rate system, the central bank intervenes to moderate exchange rate fluctuations.
D) In the fixed exchange rate system, market forces fix the exchange rate.
A) The flexible exchange rate system gives the government more flexibility to maintain large stocks of foreign exchange reserves.
B) In the fixed exchange rate system, the government intervenes to buy and sell foreign currencies.
C) In the managed floating exchange rate system, the central bank intervenes to moderate exchange rate fluctuations.
D) In the fixed exchange rate system, market forces fix the exchange rate.
Q126
EconomicsIndian Economic History & Planning
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:
A) iii, i, ii, iv
B) i, iii, ii, iv
C) iii, ii, i, iv
D) i, ii, iii, iv
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:
A) iii, i, ii, iv
B) i, iii, ii, iv
C) iii, ii, i, iv
D) i, ii, iii, iv
Q127
EconomicsPoverty Estimation in India
Arrange the following committees related to poverty estimation in India in chronological order:
i) Alagh Committee
ii) Lakdawala Committee
iii) Tendulkar Committee
iv) Rangarajan Committee
Options:
A) ii, i, iii, iv
B) i, iii, ii, iv
C) ii, iii, i, iv
D) i, ii, iii, iv
i) Alagh Committee
ii) Lakdawala Committee
iii) Tendulkar Committee
iv) Rangarajan Committee
Options:
A) ii, i, iii, iv
B) i, iii, ii, iv
C) ii, iii, i, iv
D) i, ii, iii, iv
Q128
EconomicsEconomic Systems
Which of the following best describes the main difference between a market economy and a planned economy?
A) Both systems rely on government intervention for economic decisions.
B) In a market economy, supply and demand determine production and pricing, while in a planned economy, the government makes these decisions.
C) In a market economy, the government sets all prices, while in a planned economy, businesses do.
D) There is no difference between the two systems.
A) Both systems rely on government intervention for economic decisions.
B) In a market economy, supply and demand determine production and pricing, while in a planned economy, the government makes these decisions.
C) In a market economy, the government sets all prices, while in a planned economy, businesses do.
D) There is no difference between the two systems.
Q129
EconomicsPublic Finance & Fiscal Policy
The excess of total expenditure over total receipts, excluding debt capital receipts, is called:
A) Revenue deficit
B) Budgetary deficit
C) Fiscal deficit
D) Primary deficit
A) Revenue deficit
B) Budgetary deficit
C) Fiscal deficit
D) Primary deficit
Q130
EconomicsIndian Agriculture & Green Revolution
What was the main technological innovation introduced during the Green Revolution?
A) Use of green manure
B) Organic farming
C) Crop rotation
D) High Yielding Variety (HYV) seeds
A) Use of green manure
B) Organic farming
C) Crop rotation
D) High Yielding Variety (HYV) seeds
Q131
EconomicsEconomic Reforms 1991
What was the main reason for introducing economic reforms in India in 1991?
A) High agricultural output
B) Increase in exports
C) Political instability
D) Balance of Payments crisis
A) High agricultural output
B) Increase in exports
C) Political instability
D) Balance of Payments crisis
Q132
EconomicsEmployment & Unemployment
Unemployment that occurs due to a mismatch between the skills of workers and the requirements of jobs is called:
A) Structural unemployment
B) Frictional unemployment
C) Seasonal unemployment
D) Disguised unemployment
A) Structural unemployment
B) Frictional unemployment
C) Seasonal unemployment
D) Disguised unemployment
Q133
Electrical EngineeringPower Plant Economics & Load Curves
A generating station has a maximum demand of 30 MW, a load factor of 60% and a plant capacity factor of 50%. The reserve capacity of the plant is:
A) 5 MW
B) 4 MW
C) 3 MW
D) 6 MW
A) 5 MW
B) 4 MW
C) 3 MW
D) 6 MW
Q134
Computer Science & ITMicroprocessors & Bus Arbitration
Which type of control pins are used in a microprocessor to regulate access to the bus and prevent multiple devices from using it simultaneously?
A) Bus Request (BR) and Bus Grant (BG) pins
B) Interrupt Request (IRQ) and Interrupt Acknowledge (INTA) pins
C) Read (RD) and Write (WR) pins
D) Clock (CLK) and Reset (RST) pins
A) Bus Request (BR) and Bus Grant (BG) pins
B) Interrupt Request (IRQ) and Interrupt Acknowledge (INTA) pins
C) Read (RD) and Write (WR) pins
D) Clock (CLK) and Reset (RST) pins
Q135
General Knowledge & Current AffairsEconomics (Tariffs & Trade)
Consider a scenario in which a small country imposes a tariff on a product. Which of the statements below is false?
A) The good's consumer surplus will decrease.
B) The surplus of the producer of the goods will decrease.
C) The number of goods imported will decrease.
D) The total drop in surplus will be less than the deadweight loss.
A) The good's consumer surplus will decrease.
B) The surplus of the producer of the goods will decrease.
C) The number of goods imported will decrease.
D) The total drop in surplus will be less than the deadweight loss.
Q136
General Knowledge & Current AffairsEconomics (Price Mechanism)
What happens if the price floor is set higher than the equilibrium price?
A) Scarcity
B) Stability
C) Surpluses
D) None of the preceding
A) Scarcity
B) Stability
C) Surpluses
D) None of the preceding
Q137
Knowledge of Computer Applications & ITCyber Security & E-Banking
'Skimming' in e-banking is a method of
A) Converting Debit card into Credit card
B) Transferring cash from one account to another account
C) Stealing credit card information
D) Intimating the customer about his heavy withdrawals
A) Converting Debit card into Credit card
B) Transferring cash from one account to another account
C) Stealing credit card information
D) Intimating the customer about his heavy withdrawals
Q138
Civil EngineeringConstruction Management - Equipment Economics & Break-Even Analysis
Following is a Rate list for an earth excavation work:
Item 1: Manual excavation | Fixed Rate: Rs. 10 /cum | Variable rate: Nil
Item 2: Machine excavation | Fixed Rate: Rs. 4000 fixed | Variable rate: Rs. 2 /cum
As per above rate list, estimated quantity of earth, for which the cost of excavation by machine will be equal to the cost of manual excavation, considering variable rate is
A) 500 cum
B) 1000 cum
C) 2500 cum
D) 3000 cum
Item 1: Manual excavation | Fixed Rate: Rs. 10 /cum | Variable rate: Nil
Item 2: Machine excavation | Fixed Rate: Rs. 4000 fixed | Variable rate: Rs. 2 /cum
As per above rate list, estimated quantity of earth, for which the cost of excavation by machine will be equal to the cost of manual excavation, considering variable rate is
A) 500 cum
B) 1000 cum
C) 2500 cum
D) 3000 cum
Q139
Forensic Toxicology & EpidemiologyPharmaceutical Overdose - Paracetamol & Barbiturates
In suicidal poisoning cases, which substance is often associated with intentional overdose?
Q140
Economy of Jammu & KashmirJ&K Economic Survey - GDP and Population Share
As per Economic Survey, 2024-2025, the UT of Jammu and Kashmir contributes _____% to national GDP in proportion to its population being _____% of total national population.
Q141
General Knowledge & Current AffairsIndian Economy & Foreign Trade
Consider the following statements:
I. As per the Economic Survey 2025-26, India accounts for more than 5% of global merchandise exports.
II. As per the Economic Survey 2025-26, India's service imports were greater than its exports.
Which of the above statements is/are correct?
A) I only
B) II only
C) Both I and II
D) Neither I nor II
I. As per the Economic Survey 2025-26, India accounts for more than 5% of global merchandise exports.
II. As per the Economic Survey 2025-26, India's service imports were greater than its exports.
Which of the above statements is/are correct?
A) I only
B) II only
C) Both I and II
D) Neither I nor II
Q142
General Knowledge & Current AffairsEconomics (National Income & Development)
Consider the following statements:
Assertion (A): A rise in per capita GNP always reflects an improvement in living standards.
Reason (R): Income levels are fundamental metrics of Economic development.
Which of the statements is/are correct:
A) Both A and R are true, and R is the correct explanation of A
B) Both A and R are true, but R is not the correct explanation of A
C) A is true, R is false
D) A is false, R is true
Assertion (A): A rise in per capita GNP always reflects an improvement in living standards.
Reason (R): Income levels are fundamental metrics of Economic development.
Which of the statements is/are correct:
A) Both A and R are true, and R is the correct explanation of A
B) Both A and R are true, but R is not the correct explanation of A
C) A is true, R is false
D) A is false, R is true
Q143
General Awareness with special ref to J&KDemography and Indian Economy
Consider the following statements regarding India's demographic trends:
I. Demographic dividend refers to the economic growth potential arising from a declining dependency ratio, due to a rising working-age population.
II. Demographic winter refers to the economic and social challenges arising from an increasing working-age population and decreasing old-age dependency.
III. India is expected to enjoy its demographic dividend till the mid-21st century, and its realization depends on education, skill development, health, and employment generation.
Which of the above statements are correct?
A) I and III only
B) II and III only
C) I and II only
D) All of the above
I. Demographic dividend refers to the economic growth potential arising from a declining dependency ratio, due to a rising working-age population.
II. Demographic winter refers to the economic and social challenges arising from an increasing working-age population and decreasing old-age dependency.
III. India is expected to enjoy its demographic dividend till the mid-21st century, and its realization depends on education, skill development, health, and employment generation.
Which of the above statements are correct?
A) I and III only
B) II and III only
C) I and II only
D) All of the above
Q144
General Awareness & ScienceCurrent Affairs and Union Budget
What is/are NOT the features of the BioPharma SHAKTI mission proposed in the Union Budget 2026-27?
I. The initiative aims to strengthen India's biopharmaceutical manufacturing sector with an outlay of about Rs. 1 crore over five years.
II. It envisages strengthening India's ecosystem for the production of biologics and biosimilars and capturing 5% of the global biopharmaceutical market share.
Choose the correct option:
A) I only
B) II only
C) Both I and II
D) Neither I nor II
I. The initiative aims to strengthen India's biopharmaceutical manufacturing sector with an outlay of about Rs. 1 crore over five years.
II. It envisages strengthening India's ecosystem for the production of biologics and biosimilars and capturing 5% of the global biopharmaceutical market share.
Choose the correct option:
A) I only
B) II only
C) Both I and II
D) Neither I nor II
About General Economics & Indian Economy Questions for JKSSB & JKPSC
Practice authentic General Economics & Indian Economy questions asked in official JKSSB, JKPSC, and JK Police examinations. This comprehensive deck includes 144 solved MCQs from 50 different recruitment cycles with verified solutions.
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