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What is the behaviour of (a) Average Fixed Cost and (b) Average Variable Cost as more and more units of a good are produced?
Concept: Cost - Fixed Cost
What will be the impact of "Education for All campaign" (Sarv Shiksha Abhiyan) on the Production Possibilities Curve of the Indian economy and why?
Concept: Basics of Production Theory
What will likely be the impact of the large-scale inflow of foreign capital in India on Production Possibilities Curve and why?
Concept: Basics of Production Theory
What is 'change in supply'? Explain the effect of tax imposed on a good on the supply of the good.
Concept: Movements Along and Shifts in Supply Curve
Distinguish between short-run and long-run production functions.
Concept: Production Function
Why is a production possibilities curve downward sloping? Explain
Concept: Basics of Production Theory
Define opportunity cost.
Concept: Concept of Opportunity Cost
Which of the following does not cause shift of supply curve of a good?
(Choose the correct alternative)
(a) Price of input
(b) Price of the good
(c) Goods and services tax
(d) Subsidy
Concept: Movements Along and Shifts in Supply Curve
Explain the central problem of "What is produced and in what quantities.".
Concept: Basics of Production Theory
In what circumstances may the production possibility frontier shift away from the origin? Explain.
Concept: Basics of Production Theory
State the relation between MC curve and AVC and ATC curves.
Concept: Relationship Between Average Variable Cost and Average Total Cost and Marginal Cost
What similar developmental strategies have India and Pakistan followed for their respective developmental paths?
Concept: Development Strategies - an Appraisal
Maternal mortality rate is high in ______.
Concept: Indicators of Human Development
The introduction of Economic Reform in Pakistan took place in year ______.
Concept: Developmental Path - a Snapshot View
Explain briefly the problems faced by Great leap forward campaign.
Concept: Developmental Path - a Snapshot View
Compare and analyse the Annual Growth rate of population of India and China.
| Country | Annual Growth rate of population (2015) |
| India | 1.2% |
| China | 0.5% |
Concept: Development Strategies - an Appraisal
"The Government has raised the exemption limit for the payment of Income tax from ₹ 2 lakh to ₹ 2.5 lakh."
If the situation of deficient demand is prevailing in the economy, what will be the impact of this action taken by the government?
Concept: Determination of Equilibrium Income in the Short Run >> The Multiplier Mechanism
Give some examples of liberty indicators.
Concept: Indicators of Human Development
State the importance of 'liberty indicator'.
Concept: Indicators of Human Development
'Investment multiplier and Marginal Propensity to Consume are directly related to each other'. Explain with the help of numerical example.
Concept: Determination of Equilibrium Income in the Short Run >> The Multiplier Mechanism
