Economy - MOST IMPORTANT RRB NTPC Previous Year Questions
Practice real questions from previous year exams of RRB NTPC.
📘 Fiscal Policy📚 Tools of Fiscal Policy- (Public Expenditure, Taxation, Public Debt)
Q1
Which multiplier theory states that the economy will flourish the more the government spends?
🎯 RRB NTPC (Stage-II) 17/06/2022 (Shift-II)
📘 Microeconomics- II📚 Revenue and its types
Q2
The total Revenue Curve of a firm shows the relationship between the __________ made by the firm and the output level of the firm.
🎯 RRB NTPC (State-II) 17/06/2022 (Shift-II)
📘 Microeconomics- II📚 Production and its types
Q3
__________ in economics is a curve that when plotted on a graph shows all the combinations of two factors that produce a given output.
🎯 RRB NTPC (Stage-II) 15/06/2022 (Shift-III)
📘 Microeconomics- I📚 Cost and its types
Q4
Complete the sentence using the options given below.
The short-run marginal cost curve is 'U'- shaped due to __________.
🎯 RRB NTPC (Stage-II) 17/06/2022 (Shift-I)
📘 Fundamental Economic Concepts📚 Factors of Production
Q5
The inputs used in the production of goods or services to make an economic profit are known as __________.
🎯 RRB NTPC (Stage-II) –13/06/2022 (Shift-I)
📘 Microeconomics- II📚 Production and its types
Q6
Which of the following statements with respect to the law of variable proportions is true?
🎯 RRB NTPC (Stage-II) –13/06/2022 (Shift-II)
📘 Microeconomics- I📚 Elasticity
Q7
The percentage change in demand for a good, divided by the percentage change in its price is known as __________.
🎯 RRB NTPC (Stage-II) –16/06/2022 (Shift-I)
📘 Microeconomics- I📚 Misc
Q8
The curve that shows the levels of output that a profit maximising firm would choose to produce at different values of the market price is called the firm's __________.
🎯 RRB NTPC (Stage-II) –16/06/2022 (Shift-II)
📘 Microeconomics- II📚 Production and its types
Q9
When a proportional increase in all input results in an increase in output by a larger proportion, the production function is said to display __________.
🎯 RRB NTPC (Stage-II) –16/06/2022 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Gross Domestic Product (GDP)
Q10
Which of the following is the correct full form of GDFCF?
🎯 RRB NTPC (Stage-II) –16/06/2022 (Shift-II)
📘 National Income Concepts and Methods of Calculation📚 Misc
Q11
The actual or realised value of a variable as opposed to its planned value is called __________.
🎯 RRB NTPC (Stage-II) 15/06/2022 (Shift-I)
📘 Fundamental Economic Concepts📚 Misc
Q12
Which economist has written the book "The General Theory of Employment, Interest and Money (1936)"?
🎯 RRB NTPC (Stage-II) 15/06/2022 (Shift-II)
📘 Microeconomics- II📚 Production and its types
Q13
Which of the following law states that "as more and more units of a variable factor are employed with fixed factors and technology, its marginal product eventually declines."
🎯 RRB NTPC (Stage-II) 15/06/2022 (Shift-II)
📘 Microeconomics- I📚 Cost and its types
Q14
The point on the supply curve at which a firm earns only normal profit is called the __________.
🎯 RRB NTPC (Stage-II) 17/06/2022 (Shift-III)
📘 Global Development Goals📚 Sustainable Development Goals
Q15
The concept of 'sustainable development' was introduced by which one of the following reports?
🎯 RRB NTPC 04.03.2021 (Shift-II) Stage Ist
📘 Microeconomics- I📚 Goods and its types
Q16
Goods such as food, clothing and services such as recreation that are consumed when purchased by their ultimate consumers are called :
🎯 RRB NTPC 10.01.2021 (Shift-I) Stage Ist
📘 Microeconomics- I📚 Goods and its types
Q17
A Giffen good is related to which of the following?
🎯 RRB NTPC 17.01.2021 (Shift-I) Stage Ist
📘 Fundamental Economic Concepts📚 Misc
Q18
Who said the following?
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
🎯 RRB NTPC 14.03.2021 (Shift-II) Stage Ist
📘 Fundamental Economic Concepts📚 Misc
Q19
Who is regarded as the father of modern economics?
🎯 RRB NTPC 10.01.2021 (Shift-II) Stage Ist
📘 Microeconomics- II📚 Utility and its types
Q20
According to the law of diminishing marginal utility, as the amount of good consumed increases, the marginal utility of that good tends to __________.
🎯 RRB NTPC 21.03.2021 (Shift-II) Stage Ist