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4392 Previous Year Questions • 2016–2026 • Prelims, Mains, Essay, Optionals
Topic:[APFC] Growth & Core Economics: Demand & supply concepts, GDP, GNP, NNP (measurement of growth), inflation (CPI, WPI, types, causes, impact & trends), economic history of India.22 PYQs
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EPFO APFC - General Ability Test
1 shownEPFO EO/AO - General Ability Test
8 shown2021•EPFO EO/AO•General Ability Test•Q.38
According to the Economic Survey 2020-21, which one of the following will be India's real GDP growth in the year 2021-22?
Indian EconomyMedium
2017•EPFO EO/AO•General Ability Test•Q.21
Who is the author of the work, The Evolution of Provincial F'i.nance in British India : A Study in the Provincial Decentralization of Imperial F'i.nance?
Indian EconomyMedium
2017•EPFO EO/AO•General Ability Test•Q.31
Which of the following was/were the reason/ reasons for the lack of economic development in India in the 19th century?
1
Officially the British Government was committed to a policy of laissez-faire, but it was actually a policy of discriminatory intervention.
2
European entrepreneurs had connections to banks and agency houses, while Indians had to rely on kin, family and caste men.
3
When plantations were transferred to individual capitalist ownership, native investors were deliberately ignored.
Select the correct answer using the code given below.
Indian EconomyMedium
2017•EPFO EO/AO•General Ability Test•Q.41
Which one of the following is not a feature of monopolistic competition?
Indian EconomyMedium
2017•EPFO EO/AO•General Ability Test•Q.42
Social cost is higher than economic cost because
Indian EconomyMedium
2017•EPFO EO/AO•General Ability Test•Q.44
Core inflation is different from headline inflation because the former
Indian EconomyEasy | Medium | Hard
2017•EPFO EO/AO•General Ability Test•Q.45
Who among the following is the author of the book, Choice of Techniques?
Indian EconomyEasy | Medium | Hard
2017•EPFO EO/AO•General Ability Test•Q.47
Who among the following was the Chairman of the Working Group for determining the methodology for construction of Producer Price Index (PPI) in India (2014)?
Indian EconomyMedium
EPFO APFC - General Studies
11 shown2016•EPFO APFC•General Studies•Q.22
What is the chronological sequence of the following developments? 1. Decline in the export of Indian cotton 2. Cotton boom in India 3. Civil War in America. Select the correct answer using the codes given below:
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.31
Transportation plays a great role in any economy. Which of the following modes of transportation has the highest elasticity ?
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.34
'The Problem of Rupee' was whose DSc Thesis ?
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.46
Consider the following items: 1. Consumer goods and services 2. Gross private domestic investment 3. Goods and services produced by the Government 4. Net income from abroad. Which of the above items are included in GNP?
1
Consumer goods and services
2
Gross private domestic investment
3
Goods and services produced by the Government
4
Net income from abroad
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.47
Which of the following statements best describes the content of the theory of distribution?
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.48
The demand for a factor of production is said to be derived demand because
1
It is a function of the profitability of an enterprise
2
It depends on the supply of complementary factors
3
It stems from the demand for the final product
4
It arises out of means being scarce in relation to wants
Indian EconomyMedium
2016•EPFO APFC•General Studies•Q.56
Which of the following industries were first established during the British Rule in India?
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.27
Match List-I with List-II and select the correct answer using the code given below the lists.
| List-I (Head) | List-II (Institution) |
|---|---|
| A. Jim Yong Kim | 1. President, World Bank |
| B. Kamlesh Sharma | 2. Secretary-General, Commonwealth |
| C. Christine Lagarde | 3. Managing Director, IMF |
| D. Catherine Day | 4. Secretary-General of the European Commission |
Code
| Code | A | B | C | D |
|---|---|---|---|---|
| (a) | 3 | 4 | 2 | 1 |
| (b) | 1 | 4 | 2 | 3 |
| (c) | 3 | 2 | 4 | 1 |
| (d) | 1 | 2 | 4 | 3 |
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.40
Match List-I with List-II and select the correct answer using the code given below the lists.
| List-I (Contribution) | List-II (Contributor) |
|---|---|
| A. Industrial Welfare Movement | 1. Charles A. Myers |
| B. Human Relations Thought | 2. A.K. Rice |
| C. Concept of Third Force | 3. Robert Owen |
| D. Ahmedabad Experiment | 4. Elton Mayo |
Code
| Code | A | B | C | D |
|---|---|---|---|---|
| (a) | 2 | 1 | 4 | 3 |
| (b) | 3 | 1 | 4 | 2 |
| (c) | 2 | 4 | 1 | 3 |
| (d) | 3 | 4 | 1 | 2 |
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.41
Match List-I with List-II and select the correct answer using the code given below the lists.
| List-I (Board/Committee) | List-II (Chairperson) |
|---|---|
| A. First National Commission on Labour, 1969 | 1. G.K. Chadha |
| B. Wage Board for Working Journalists, 2009 | 2. Ravindra Verma |
| C. Second National Commission on Labour, 2002 | 3. P.B. Gajendragadkar |
| D. Index Review Committee, 2009 | 4. G.R. Majithia |
Code
| Code | A | B | C | D |
|---|---|---|---|---|
| (a) | 3 | 4 | 2 | 1 |
| (b) | 1 | 4 | 2 | 3 |
| (c) | 3 | 2 | 4 | 1 |
| (d) | 1 | 2 | 4 | 3 |
Indian EconomyMedium
2012•EPFO APFC•General Studies•Q.66
Which one of the following expresses the relation between normal price and market price?
Indian EconomyMedium