Questions for Interview (ECONOMICS)
Simple Questions:
1. What is the difference between GNP and NNP?
2. What is the the nature of elasticity of demand in case of luxury goods?
3. Explain the law of diminishing marginal utility.
4. What is the role of RBI in economic stabilization?
5. What do you understand by Free trade?
6. What is e-commerce?
7. What is advertising elasticity of demand?
8. What are internal economies of scale?
9. What is the nature of the empirical long-run average cost curve?
10. What is WTO? What is its role in international trade?
Questions of medium level difficulty:
11. Explain the concept of VAT. How is VAT superior to general sales tax?
12. What is fiscal deficit?
13. Explain
14. What is Laffer Curve?
15. What is the reason for the greater opposition to FII than FDI?
16. What is the significance of demand forecasting studies before the launch of a new product?
17. Explain the difference between the role of IMF and World Bank in world economy?
18. What are the four Cannons of taxation given by Adam Smith?
19. What is the difference between money and near money assets?
20. What is money multiplier?
Difficult Questions:
21. What is the role of open market operations in an inflationary situation?
22. What are the economic implications of
23. What are the policy implications of Phillips curve?
24. Perfect competition is the kind of market characterized by absence of competition. Explain.
25. Why is monetary and fiscal policy coordination considered essential for overall success of economic policy?
26. How cartels affect the market competitiveness and consumer surplus?
27. Explain the concept of internationalization of supply chain?
28. What steps have been taken by the Indian corporate sector to adjust itself in the liberalized and globalised trade environment?
29. What is common market? In What way it is different from the Economic Union?
30. Why it is considered imprudent to invest the forex reserves in the infrastructure sector?
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