Economics Questions for IIFT PDF

Economics Questions for IIFT PDF

Download important IIFT Economics Questions PDF based on previously asked questions in IIFT and other MBA exams. Practice Economics Questions and answers for IIFT and other  exams.

Download Economics Questions for IIFT PDF

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Question 1: National Income of India is compiled by which institute?

a) Finance Commission

b) Indian Statistical Institute

c) National Development Council

d) Central Statistical Organization

Question 2: In which kind of wants, both parties have agree to sell and buy each other commodities?

a) Single coincidence

b) Double coincidence

c) Triple coincidence

d) None of these

Question 3: contraceptive pills in the market conatin

a) steroid-hormones

b) inorganic compounds

c) herbicides

d) antibiotics

Question 4: In economic equilibrium , what is the condition of the supply and demand?

a) supply is equal to the demand.

b) the surplus is larger than the shortage.

c) elasticity of demand equals elasticity of supply

d) price elasticity of demand is unity

Question 5: Which is the unemployment which exists in any economy due to people being in the process of moving from one job to another?

a) Seasonal unemployment

b) Cyclical unemployment

c) Frictional unemployment

d) Structural unemployment

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Question 6: Balance of Trade is the difference between which factors?

a) Country’s Income and Expense

b) Country’s Exports and Imports

c) Country’s Tax Revenue and Expense

d) Country’s capital inflow and outflow

Question 7: Which of the following equation is/are INCORRECT?
I. NI = NDP + Net Foreign Income
II. GNP = GDP + Net Foreign Income
III. NDP = GNP – Depreciation

a) Only (I) and (II)

b) Only (III)

c) Only (II) and (III)

d) Only (II)

Question 8: The short run marginal cost curve is ____ shaped.

a) U

b) V

c) X

d) W

Question 9: ‘Residex’ is associated with :

a) Share prices

b) Price inflation

c) Mutual fund prices

d) Land prices

Question 10: When the demand for a good increases with an increase in income, such a good is called___________

a) Superior good

b) Giffin good

c) Inferior good

d) Normal good

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Answers & Solutions:

1) Answer (D)

2) Answer (B)

3) Answer (A)

4) Answer (A)

5) Answer (C)

6) Answer (B)

7) Answer (B)

8) Answer (A)

9) Answer (D)

10) Answer (D)

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