On account of the disruption in education due to the corona pandemic, we're are providing a 7-day Free trial of our platform to teachers. Know More →

UPSC

Explore popular questions from Economic and Social Development for UPSC. This collection covers Economic and Social Development previous year UPSC questions hand picked by experienced teachers.

Select Subject

Geography

Indian Polity and Governance

Economic and Social Development

Ecology, Biodiversity and Climate Change

Mental Ability and Management Ability

General Knowledge

General Science

Current Affairs

History

Economic and Social Development

Correct Marks 2

Incorrectly Marks -0.667

Q 1. The theory of distribution relates to which —

A

The distribution of assets

B

The distribution of income

C

The distribution of factor payments

Equality in the distribution of the income and wealth

Correct Marks 2

Incorrectly Marks -0.667

Q 2. Economic rent refers to —

A

Payment made for the use of labour

B

Payment made for the use of capital

C

Payment made for the use of organisation

Payment made for the use of land

Correct Marks 2

Incorrectly Marks -0.667

Q 3. The fixed cost on such factors of production which are neither hired nor bought by the firm is called —

social cost

B

opportunity cost

C

economic cost

D

surcharged cost

Correct Marks 2

Incorrectly Marks -0.667

Q 4. Which does not determine supply of labour —

A

Size and age-structure of population

B

Nature of work

Marginal productivity of labour

D

Work-leisure ratio

Correct Marks 2

Incorrectly Marks -0.667

Q 5. A refrigerator operating in a chemist’s shop is an example of —

A

free good

final good

C

producers good

D

consumer’s good

Correct Marks 2

Incorrectly Marks -0.667

Q 6. “Interest is a reward for parting with liquidity” is according to —

Keynes

B

Marshall

C

Haberler

D

Ohlin

Correct Marks 2

Incorrectly Marks -0.667

Q 7. The Law of Demand expresses —

effect of change in price of a commodity on its demand

B

effect of change in demand of a commodity on its price

C

effect of change in demand of a commodity over the supply of its substitute

D

None of the above

Correct Marks 2

Incorrectly Marks -0.667

Q 8. An exceptional demand curve is one that moves —

A

upward to the right

downward to the right

C

horizontally

D

vertically

Correct Marks 2

Incorrectly Marks -0.667

Q 9. Production function explains the relationship between —

initial inputs and ultimate output

B

inputs and ultimate consumption

C

output and consumption

D

output and exports

Correct Marks 2

Incorrectly Marks -0.667

Q 10. Surplus earned by a factor other than land in the short period of referred to as —

A

economic rent

B

net rent

quasi-rent

D

super-normal rent

Correct Marks 2

Incorrectly Marks -0.667

Q 11. Labour Intensive Technique would get chosen in a —

Labour Surplus Economy

B

Capital Surplus Economy

C

Developed Economy

D

Developing Economy

Correct Marks 2

Incorrectly Marks -0.667

Q 12. Consumer’s surplus is the highest in the case of: —

A

durable goods

B

luxuries

C

comforts

necessities

Correct Marks 2

Incorrectly Marks -0.667

Q 13. Cross demand expresses the functional relationship between —

demand and prices of related commodities.

B

demand and income.

C

demand and prices.

D

demand and supply,

Correct Marks 2

Incorrectly Marks -0.667

Q 14. The sale of branded articles is common in a situation of —

A

excess capacity

monopolistic competition

C

monopoly

D

pure competition

Correct Marks 2

Incorrectly Marks -0.667

Q 15. From the national point of view, which indicates micro approach —

Study of sales of mobile phones by BSNL

B

Unemployement among Women

C

Per capita income in India

D

Inflation in India

Correct Marks 2

Incorrectly Marks -0.667

Q 16. Who said ‘Supply creates its own demand’ —

A

Adam Smith

J.B.Saw

C

Marshall

D

Ricardo

Correct Marks 2

Incorrectly Marks -0.667

Q 17. Which one is not a method of estimating National Income —

A

Expenditure method

B

Product method

Matrix method

D

Income method

Correct Marks 2

Incorrectly Marks -0.667

Q 18. Net National Product in National Income Accounting refers to —

A

Gross Domestic Product — Depreciation

B

Gross Domestic Product + Subsidies

Gross National Product — Depreciation

D

Gross National Product + Subsidies

Correct Marks 2

Incorrectly Marks -0.667

Q 19. The incomes of Indians working abroad are a part of —

A

domestic income of India

B

income earned from Abroad

net domestic product of India

D

gross domestic product of India

Correct Marks 2

Incorrectly Marks -0.667

Q 20. Which one is not a method for computing GNP —

Income Approach

B

Expenditure Approach

C

Savings Approach

D

Value Added Approach

Correct Marks 2

Incorrectly Marks -0.667

Q 21. According to Keynes, business cycles are due to variation in the rate of investment caused by fluctuations, in the -------

Marginal efficiency of capital

B

Marginal propensity to save

C

Marginal propensity to consumption

D

Marginal efficiency to investment

Correct Marks 2

Incorrectly Marks -0.667

Q 22. The supply-side measure to control inflation is —

A

Reducing public expenditure

Price control through Public Distribution System

C

Higher taxation to mop up liquidity

D

Credit control

Correct Marks 2

Incorrectly Marks -0.667

Q 23. In which market forms, a firm does not exercise control over price —

A

Monopoly

Perfect competition

C

Oligopoly

D

Monopolistic competition

Correct Marks 2

Incorrectly Marks -0.667

Q 24. Apart from the availability of raw material location of an industry is also dependent on the availability of: —

A

enviommental protection and vegetation

man power and energy source

C

transport and bio energy

D

water and inputs

Correct Marks 2

Incorrectly Marks -0.667

Q 25. Selling cost have to be incurred in case of —

A

Perfect Competition

B

Monopoly

Monopolistic Competition

D

None of the given options