Economy - MOST IMPORTANT RRB Group D Previous Year Questions
Practice real questions from previous year exams of RRB Group D.
📘 Microeconomics- I📚 Goods and its types
Q1
Which of the following is a characteristic of public goods?
🎯 RRB Group-D– 02/09/2022 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Misc
Q2
Which formula is used for the calculation of Ex Ante Aggregate Demand ?
🎯 RRB Group-D– 01/09/2022 (Shift-I)
📘 Microeconomics- II📚 Utility and its types
Q3
Consumer theory is how people decide to spend their __________.
🎯 RRB Group-D– 01/09/2022 (Shift-III)
📘 Microeconomics- II📚 Utility and its types
Q4
__________ means the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.
🎯 RRB Group-D– 01/09/2022 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Misc
Q5
Change in savings ÷ Change in Income = __________.
🎯 RRB Group-D– 18/09/2022 (Shift-III)
📘 Microeconomics- II📚 Utility and its types
Q6
An indifference map is a collection of indifference curves that represent different levels of __________.
🎯 RRB Group-D– 20/09/2022 (Shift-III)
📘 Microeconomics- II📚 Revenue and its types
Q7
What do you call profits earned by a business firm over and above the opportunity cost of the factor inputs?
🎯 RRB Group-D– 22/09/2022 (Shift-I)
📘 National Income Concepts and Methods of Calculation📚 Misc
Q8
In macroeconomic analysis, a consumption function describes the relation between total consumptions and __________.
🎯 RRB Group-D– 22/09/2022 (Shift-II)
📘 Microeconomics- II📚 Types of Market- Perfectly Competitive, Monopoly, etc.
Q9
__________ is the price where the quantity the consumer purchases is equal to the quantity the producers supply.
🎯 RRB Group-D– 16/09/2022 (Shift-III)
📘 Microeconomics- I📚 Elasticity
Q10
Which of the following is calculated as the percentage change in the demand for the goods divided by the percentage change in the price for the goods?
🎯 RRB Group-D– 20/09/2022 (Shift-I)
📘 Microeconomics- I📚 Cost and its types
Q11
What is explicit cost?
🎯 RRB Group-D– 16/09/2022 (Shift-III)
📘 Microeconomics- II📚 Utility and its types
Q12
Consumers lose satisfaction in a product the more they consume it, this is known as __________.
🎯 RRB Group-D– 15/09/2022 (Shift-I)
📘 Microeconomics- I📚 Cost and its types
Q13
Marginal cost of production refers to the change in total cost to produce __________ additional unit(s).
🎯 RRB Group-D– 13/09/2022 (Shift-II)
📘 Microeconomics- I📚 Cost and its types
Q14
Which of the following is NOT a variable cost for a firm?
🎯 RRB Group-D– 13/09/2022 (Shift-I)
📘 Microeconomics- I📚 Cost and its types
Q15
Which of the following is NOT an example of variable costs?
🎯 RRB Group-D– 13/09/2022 (Shift-I)
📘 Microeconomics- I📚 Cost and its types
Q16
In Economics, Total variable cost ÷ Units of output produced =
🎯 RRB Group-D– 05/09/2022 (Shift-I)
📘 Microeconomics- I📚 Demand and its types
Q17
What will be the value of elasticity of demand (ep) if the demand curve has a shape of rectangular hyperbola?
🎯 RRB Group-D– 05/09/2022 (Shift-II)
📘 Microeconomics- I📚 Elasticity
Q18
The measure of responsiveness of the demand for Tea towards the change in the price of Coffee in the market is an example of __________.
🎯 RRB Group-D– 05/09/2022 (Shift-III)
📘 Microeconomics- II📚 Production and its types
Q19
If Average Production is decreasing, then what will be the effect on Marginal Production?
🎯 RRB Group-D– 26/08/2022 (Shift-III)
📘 Microeconomics- I📚 Demand and its types
Q20
In economics, the slope of the demand curve is typically __________.
🎯 RRB Group-D– 17/08/2022 (Shift-I)