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Economic Concepts and National Income

13 PYQs · Asked in 9 of 16 years · Free practice

Microthemes in this theme· 6

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Core Economic Concepts and Systems

4 PYQs · Asked in 4 of 16 years

PYQs on Core Economic Concepts and Systems

4 PYQs from 2011–2026
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Prelims 2024

1 question
EconomyEconomic Concepts and National IncomeCore Economic Concepts and SystemsMedium (editorial estimate)
Question details
Type:
Pairs
Skill:
Application
Tags:
Physical capital · Fixed capital · Working capital

Classification and difficulty are editorial labels. Explanations are awaiting review.

2024 · Q47

Prelims 2024, question 47: Core Economic Concepts and Systems

With reference to physical capital in Indian economy, consider the following pairs: Items — Category 1. Farmer’s plough — Working capital 2. Computer — Fixed capital 3. Yarn used by the weaver — Fixed capital 4. Petrol — Working capital How many of the above pairs are correctly matched?

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Prelims 2021

1 question
EconomyEconomic Concepts and National IncomeCore Economic Concepts and SystemsMedium (editorial estimate)
Question details
Type:
Statement based
Skill:
Concept understanding
Tags:
market demand · Core Economic Concepts and Systems

Classification and difficulty are editorial labels. Explanations are awaiting review.

2021 · Q4

Prelims 2021, question 4: Core Economic Concepts and Systems

Consider the following statements: Other things remaining unchanged, market demand for a good might increase if 1. price of its substitute increases 2. price of its complement increases 3. the good is an inferior good and income of the consumers increases 4. its price falls Which of the above statements are correct?

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Prelims 2018

1 question
EconomyEconomic Concepts and National IncomeCore Economic Concepts and SystemsEasy (editorial estimate)
Question details
Type:
Single choice
Skill:
Concept understanding
Tags:
Core Economic Concepts and Systems · Economic Concepts and National Income
Related topics:
Subsidies, Public Expenditure and Fiscal Policy

Classification and difficulty are editorial labels. Explanations are awaiting review.

2018 · Q47

Prelims 2018, question 47: Core Economic Concepts and Systems

If a commodity is provided free to the public by the Government, then

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Prelims 2011

1 question
EconomyEconomic Concepts and National IncomeCore Economic Concepts and SystemsEasy
Question details
Type:
Single choice
Skill:
Concept understanding
Tags:
Core Economic Concepts and Systems
Related topics:
Foreign Trade, Trade Policy and WTO
2011 · Q17

Prelims 2011, question 17: Core Economic Concepts and Systems

“A closed economy” is an economy in which

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