Practice Research Questions and Answers

• The JAM (Jan-Dhan, Aadhaar, and Mobile) trinity has significantly contributed to which of the following in India?
• The Economic Survey 2023-24 highlights a decline in out-of-pocket expenditure on health as a percentage of total health expenditure from 64.2% in FY14 to w...
• In a given year, the nominal GDP of a country was $2,500 billion and the real GDP was $2,000 billion. What is the GDP deflator for that year?
• In a study examining the relationship between hours of study (X) and test scores (Y) of students, a bivariate regression analysis was conducted. The follow...
• In the Classical model, if there is an increase in aggregate demand, what will be the long-run effect on output and prices? 
• Sonia has decided to always spend one-tenth of her income on shoes. Her income and price elasticities of demand for shoes are
• Which of the following is a property of a normal distribution?
• Which probability distribution is appropriate for modeling the number of occurrences of an event in a fixed interval of time or space?
• Which of the below probability distribution has same mean and variance?
• If a random variable X follows a uniform distribution between 0 and 1, what is the expected value of X?
• Given the following data for an economy: National Income: $700 billion Depreciation: $50 billion Indirect taxes minus subsidies: $30 billion Net fact...
• Given the following data for a country: Fiscal deficit: $50 billion Interest payments: $15 billion Capital expenditure: $25 billion What is the prima...
•    Which of the following best explains why the J-curve effect occurs?
• If Y is preferred over X lexicographically. If income is 100 and price of x=1 and price of y is10, then at optimal bundle the total amount of X is
• The natural rate of unemployment corresponds to:
• Percentage of values that lie within a band around the mean in a normal distribution with a width of two standard deviations is approximately
• What is the correlation coefficient of the straight line ax+by+c=0 wherein a>0 and b <0
• Which of the following is an automatic stabilizer in macroeconomics?
• What is sum product of the error an independent variable in OLS estimation
• Which one of the following is not an assumption of Classical Linear Regression Model
• Which of the following is not a test related to Heteroscedasticity?
• In the Solow growth model, long-run economic growth is determined by:
• The Fisher Effect assumes that the       
• Consider the following Utility function U(x,y) = 4x2 + 9y2 +12xy. Here the preferences are
• What is the elasticity of the demand curve when P=10 and Q=20 and the inverse of slope of the demand curve is -2?
• In which of the following market structure Quantity is maximum?
•  Endogeneity in regression arises when:
• We quite often use the term economies of scale. What does this mean?
• For the following demand curve, Q=10P-2 , calculate the profit made by the monopolist when Marginal cost is Rs.2
• Among the following production functions which one is having increasing returns to scale
• When an individual’s consumption decreases the wellbeing of others, but the individual does not compensate those others. It is the case of__________.
• What is the value of the balanced budget multiplier?
• In case of full Crowding out effect what is the shape of the LM curve
• In an economy, ceteris paribus, the value of imports decreased by Rs.100, what is the change in the value of output
• The relationship between the unemployment rate and the gross national product is depicted by
• The inverse demand function for a commodity is P = 50-2Q-Q2 . Calculate the consumer surplus when quantity demanded is 5 unts.