ECONOMICS-2025

Q1
Objective Questions (MCQs, Odd One Out, Economic Terms, etc.)

Repeated Questions:

1. Definition & Scope of Economics:

o Microeconomics is also called Price Theory.

o Macroeconomics studies the whole economy.

2. Market & Demand:

o Types of Demand: Direct, Indirect, Composite, Joint Demand.

o Perfect Competition vs. Monopoly (features of markets).

3. Index Numbers:

o Significance of Index Numbers (Inflation measurement, Future Prediction).

o Formula for Price Index Calculation.

4. Public Finance & Revenue:

o Direct vs. Indirect Taxes (Wealth Tax, GST).

o Sources of Non-Tax Revenue (Fees, Special Levy, Fines).

5. Elasticity & Supply:

o Perfectly Elastic vs. Perfectly Inelastic Demand.

o Law of Supply and its exceptions.

Chapters Frequently Appearing in Q1:

• Chapter 1 (Introduction to Microeconomics & Macroeconomics)

• Chapter 3A & 3B (Demand & Elasticity of Demand)

• Chapter 4 (Supply & Cost Concepts)

• Chapter 6 (Index Numbers & Measurement of Economic Variables)

• Chapter 8 (Public Finance & Revenue Sources)

Q2-a)
Concept Identification:

• Micro vs. Macro Economics

• Total Revenue, Marginal Revenue, and Average Revenue

• National Income & its features

• Public Expenditure and its Growth Factors

• Stock vs. Supply

• Perfect vs. Monopolistic Competition

• Direct vs. Indirect Tax

• Capital Market vs. Money Market

• Index Number vs. Price Index Number

Chapters Frequently Appearing in Q2:

• Chapter 1 (Micro & Macro Economics)

• Chapter 3A & 3B (Demand & Elasticity of Demand)

• Chapter 4 (Revenue & Cost Concepts)

• Chapter 6 (Index Numbers)

• Chapter 7 (National Income)

• Chapter 8 (Public Finance, Taxation, & Expenditure)

• Chapter 9 (Capital & Money Market)

Q3
Repeated Questions:

1. Law of Demand & Elasticity of Demand (with diagrams).

2. Features of Micro & Macro Economics.

3. Types of Demand (Direct, Indirect, Composite).

4. Features of Monopoly & Perfect Competition.

5. Role of Money Market & Capital Market in India.

6. Functions of Commercial Banks.

Chapters Frequently Appearing in Q3:

• Chapter 1 (Micro & Macro Economics)

• Chapter 3A & 3B (Demand & Elasticity of Demand)

• Chapter 4 (Revenue, Cost, & Supply)

• Chapter 5 (Market Structure & Competition)

• Chapter 9 (Money & Capital Market)

Q4
Repeated Questions:

1. "There are no exceptions to the Law of Demand." (Disagree)

2. "Index numbers can be constructed without a base year." (Disagree)

4. "Commercial Banks perform various functions." (Agree)

5. "Balance of Trade and Balance of Payment are the same." (Disagree)

Chapters Frequently Appearing in Q4:

• Chapter 1 (Economic Concepts)

• Chapter 3A & 3B (Demand & Elasticity of Demand)

• Chapter 4 (Market & Supply Concepts)

• Chapter 6 (Index Numbers)

• Chapter 9 (Banking & Financial Institutions

Q5
Q5: Table/Diagram-Based Questions

Repeated Topics:

1. Price & Demand Table (Elasticity Calculation).

2. Supply & Demand Equilibrium Table (Graph Representation).

3. Types of Market Structures (Diagram Representation).

4. National Income Components Calculation (GDP, NDP).

5. Banking & Money Market (Loan Disbursement Data Analysis).

Chapters Frequently Appearing in Q5:

• Chapter 3A & 3B (Demand & Elasticity of Demand)

• Chapter 4 (Supply & Cost Analysis)

• Chapter 6 (Index Numbers & Economic Indicators)

• Chapter 7 (National Income Calculation)

• Chapter 9 (Money Market & Banking System)

Q6
Repeated Topics:

1. Law of Demand with Assumptions & Exceptions (with diagram).

2. Law of Supply with Assumptions & Exceptions (with diagram).

3. Price Elasticity of Demand & Its Types.

4. National Income Concepts & Difficulties in Measurement.

5. Growth of Public Expenditure (Factors & Reasons).

6. Sources of Public Revenue.

Chapters Frequently Appearing in Q6:

• Chapter 2 (Utility & Demand Theories)

• Chapter 4 (Supply & Cost Theories)

• Chapter 7 (National Income & Economic Growth)

• Chapter 8 (Public Finance & Expenditure)

Question wise important chapters

Q2 (Concepts & Distinctions): Chapters 1, 3A, 3B, 4, 6, 7, 8, 9

Q3 (Short Answer Questions): Chapters 1, 3A, 3B, 4, 5, 9

Q4 (Agree/Disagree Reasoning): Chapters 1, 3A, 3B, 4, 6, 9

Q5 (Table & Diagram-Based Questions): Chapters 3A, 3B, 4, 6, 7, 9

Q6 (Long Answer Questions): Chapters 2, 3A, 3B, 4, 7, 8

2025 Predicted questions

• Law of Demand & Supply (with Assumptions & Exceptions).

• Types of Demand (Direct, Indirect, Composite, Competitive).

• Distinction Between: Perfect vs. Monopolistic Competition, Stock vs. Supply.

• Features & Difficulties of National Income Measurement.

• Growth of Public Expenditure & Its Reasons.

• Price Elasticity of Demand & Its Types.

• Index Numbers & Their Importance.

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