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Exemplar Questions For IDC (Economics), 2025

The document contains exemplar questions for the IDC Examination in Economics under CCF for 2025, categorized into three sections: 2 marks, 5 marks, and 10 marks. It covers various topics including national income, inflation, government budget, and the Keynesian consumption function. The questions aim to assess understanding of fundamental economic concepts and their applications.

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18 views2 pages

Exemplar Questions For IDC (Economics), 2025

The document contains exemplar questions for the IDC Examination in Economics under CCF for 2025, categorized into three sections: 2 marks, 5 marks, and 10 marks. It covers various topics including national income, inflation, government budget, and the Keynesian consumption function. The questions aim to assess understanding of fundamental economic concepts and their applications.

Uploaded by

ronitpoddar2
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Exemplar Questions for the upcoming IDC Examination, (Economics)

under CCF, 2025

A. Exemplar Questions for 2 marks

1. State the difference between stock variable and flow variable.


2. State two objectives of studying macroeconomics?
3. Distinguish between GDP and GNP.
4. What is GDP deflator?
5. Define national income.
6. What is gross domestic product?
7. Define per capita income.
8. What is depreciation cost?
9. What is called disposable personal income?
10. Distinguish between GDP at market prices and GDP at factor cost.
11. What is the shape of Keynesian consumption function?
12. Define MPS.
13. What is autonomous investment?
14. State the relationship between MPC and MPS.
15. State two demerits of national income accounting.
16. State two characteristics of consumption function.
17. State Keynesian consumption function.
18. Define Balanced Budget Multiplier.
19. What is narrow money?
20. What is meant by credit creation of commercial bank?
21. Define demand pull inflation.
22. What is broad money?
23. What are the components of high-powered money?
24. State two determinants of money supply.
25. Mention two reasons behind Cost Push Inflation.
26. What is public finance?
27. What is primary deficit?
28. Give two sources of capital receipt.
29. Define deficit budget.
30. Define Government Budget.

B. Exemplar Questions for 5 marks

1. Discuss the theory of national income on the basis of expenditure approach.


2. Explain circular flow diagram in two sector model (taking only household and firm).
3. How would you derive the saving function from Keynesian Consumption function?
4. Explain how equilibrium income is determined by saving – investment equality.
5. Explain government expenditure multiplier.
6. Determine (graphically) equilibrium level of income in SKM assuming close economy.
7. Derive investment multiplier in simple Keynesian model.
8. Explain the concept of demand for money.
9. Discuss the measures to control inflation.
10. Derive Money Multiplier.
11. What are the probable consequences of inflation?
12. Discuss the reasons behind demand for money according to Keynes.
13. What is meant by government budget? Explain the components of government
budget.
14. Distinguish between revenue expenditure and capital expenditure in govt. budget.
15. Explain paradox of thrift.

C. Exemplar Questions for 10 marks

1. Draw and explain two-sector circular flow of income.


2. Discuss value added method in national income accounting.
3. Explain investment multiplier.
4. Distinguish between cost push and demand-pull inflation.
5. What is high powered money? How the change in high-powered money affects the
money supply in the economy? (Money Multiplier).
6. What is inflationary gap? How is it measured? What are the measures can be taken to
control it?

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