M.A 1st Year Economics Imp Questions 2024

You will get the economics 1st year important questions 2023 and 2024.

These questions are of m.a economics and asked several times in past examinations. 

The existence of questions is still continuing for the examinations of m.a. economics.

If you want to get good marks in ma economics subjects.

Then focus on the below-given ma 1st year economics question paper.

Read the pattern of the questions. 

If these questions do not match according to your university syllabus then treat these as an m.a 1st year economics model paper for 2024. 

Before starting to write the answer to these questions, read the related chapters from your textbook. 

You will get some more answers while reading the book, which are not asked here. 

Now write the questions in your economics copy.

Start to write the answer to this MA economics question paper in your own words. 

This process will help you to memorize the answer in a very short time for a long period. 

That will help to save time during the revision of answers. 

Economics is a good subject in terms of your career perspective. 

You can get different types of jobs after completion of this course. 

So, Economics 1st year important questions 2024 can be built as your base. 

MA economics online courses are also available for distance learning students. 

Now start your 1st year economics question answer preparation for your decent notes.

Let's start to write the answer. 

MA Economics 1st Year Question Paper

M.A 1st Year Economics 1st Paper Questions 

Microeconomics Question Paper

  • What is Static Equilibrium?
  • What is Price Line?
  • Explain Giffin's Paradox.
  • Describe 'Elasticity of Supply'.
  • Write short notes on the following:- (a) Incom Elasticity of Demand (b) Ridge Line (c) Bilateral Monopoly (d) Normal Profit (e) Net Interest 
  • Distinguish between 'Fixed Cost' and 'Variable Cost'.
  • Explain the concept of choice and scarcity.
  • What do you mean by positive and normative economics?
  • Explain the exceptions to the law of demand.
  • Explain the Factor determining real wages of Labour.
  • Explain the application of the indifference curve in the field of taxation. 
  • Explain the meaning of production function, what are its assumptions?
  • Elucidate the relationship between total utility and marginal utility by the use of diagrams.
  • Write a note on quasi-rent.
  • Is marginal productivity theory a satisfactory explanation of wages in actual practice? Explain.
  • Explain the Loanable funds. Theory of Interest.
  • Explain the Cobb-Douglas production function in relation to Euler Theorem. 
  • Explain that the application of the logic of ordering for preference analysis is analytically superior to indifference curve analysis.
  • Discuss critically the modern theory of Rent. 
  • Discuss the price-leadership model of oligopoly. Is it an adequate explanation? 
  • Explain price and output determination under a discriminating monopoly.
  • Critically discuss the definition of Economics given by Robbins.
  • Critically evaluate Marshall's idea of consumer surplus.
  • Discuss the revealed preference theory of Samuelson.
  • How is price determined under perfect competition?
  • Define monopoly. Discuss its features

M.A 1st Year Economics 2nd Paper Questions

Microeconomics Questions To Ask

  • Define macroeconomics
  • Distinguish between GDP and GNP
  • Name any two Classical economists.
  • Expand M.P.C and M.E.C
  • Critically discuss the Fisherian version of the quantity theory of money.
  • Discuss the merits and demerits of Branch Banking.
  • Explain the theory of the accelerator. What are its limitations?
  • Discuss the permanent income hypothesis of consumption.
  • What do you mean by national income? Discuss the methods of its measurement.
  • State Fisher’s equation of exchange.
  • Give the meaning of margin requirement.
  • Distinguish between impact and incidence.
  • Discuss the measures for control of inflation in a country like India.
  • Explain different methods of credit control by R.B.I.
  • Critically discuss Keynesian liquidity preference theory of interest.
  • Discuss different factors influencing the investment.
  • What is meant by a deficit budget?
  • Give the meaning of fiscal administration.
  • Distinguish between inflation and deflation.
  • What is stagflation? 
  • Examine the circular flow of income and wealth in an economy.
  • Distinguish between the working of the multiplier and accelerator.
  • Explain the portfolio management of a bank.
  • Examine the different methods of debt redemption.
  • What are the different phases of the trade cycle?
  • Explain Demand-pull and cost-push inflation
  • Compare and contrast the Classical and Keynesian Theories of income, output, and employment.
  • Distinguish between quantitative and qualitative methods of credit control. Discuss
  • quantitative methods elaborately.
  • Critically examine the principle of maximum social advantage. 

M.A 1st Year Economics 3rd Paper Questions

Quantitative Methods Question Paper

  • Define the following:- (a) Total Cost (b) Marginal Cost (c) Average Cost
  • Define the following terms:- (a) Specific Strategy (b) Pay off (c) Saddle Point 
  • What do you understand by random variables? Discuss types of random variables.
  • Write the formula for the calculation of the present value for a given future stream of income.
  • What is meant by a non-singular matrix? Give an example
  • Define consumer surplus using mathematics.
  • Express the price elasticity in terms of MR and AR
  • What does the measure dispersion measure?
  • Write down the normal equations for the X on Y regression Line.
  • Distinguish between fixed and chain-based index numbers.
  • When do both regression lines coincide?
  • What does the trend reflect in the time series analysis?
  • Explain why standard deviation is considered superior to the mean deviation measures
  • Distinguish between Time and Factor reversal tests. 

M.A 1st Year Economics 4th Paper Questions

Public Economics Question Paper

  • Define Private and Public goods. Discuss the difference between the two.
  • Evaluate Samuelson's theory of Public expenditure.
  • Explain the principle of functional finance.
  • Differentiate between internal and external debt. Which one is more burdensome?
  • What do you mean by zero-base budgeting? Discuss its merits and practical problems.
  • Discuss the traditional and modern approaches to incidence and shifting.

International Economics Question Paper

  • Distinguish between internal and international trade
  • What is absolute cost advantage?
  • Distinguish between net-barter terms of trade and gross-barter terms of trade
  • Distinguish between tariffs and quotas
  • Distinguish between fixed and flexible exchange rates.
  • What is economic integration?
  • How is F.D.I different from F.I.I?
  • What is the MFN clause?
  • What is the Euro?
  • What is Globalisation?
  • What is SDR? 
  • Explain the Ricardian theory of international trade?
  • Explain the advantages of fixed exchange rate
  • What are the objectives of the World Bank?
  • What are the various sources of foreign capital?
  • Explain the problem of subsidies in WTO regulations. 
  • Critically examine the Heckchsher theory of international trade.
  • Examine the effect of tariffs in terms of partial equilibrium analysis.
  • What are the causes of disequilibrium in the balance of payment? Suggest measures to correct disequilibrium
  • Examine the role of the IMF in Promoting international liquidity.
  • Explain the objectives and functions of W.T.O. 

M.A 1st Year Economics 5th Paper Questions

Indian Economy Question Paper

  • Expand HDI
  • What is the poverty line?
  • State any two objectives of TRYSEM
  • What is procurement price & dry land farming
  • Expand SIDBI
  • What are the causes of urban migration?
  • State the objectives of N.A.B.A.R.D
  • Write a note on the role of NGOs in promoting primary education.
  • Explain any two reasons for the failure of PSU in India 
  • Explain the trends and composition of national income
  • Describe the causes of low agricultural productivity
  • Explain the role and problems of small-scale industries in the context of globalization.
  • Explain the measure adopted by the government to solve the energy crisis. 

M.A 1st Year Economics 6th Paper Questions

Economic Growth And Development Planning Questions

  • Explain the economic factors in economic development.
  • Discuss the need to create awareness to protect the environment
  • Bring out two limitations of deficit finance as a source of development finance.
  • Explain the SMP criterion.
  • Briefly explain the role of the entrepreneur in economic development.
  • Explain the concept of gender employment, What is its importance in economic development? 
  • Distinguish between economic growth and economic development. Evaluate the measurements of economic development.
  • Describe the components of manpower planning.
  • Discuss the importance of foreign aid as a source of development finance.
  • Discuss the role of technology in economic development. Mention the problems associated with the transfer of technology in underdeveloped countries. 

Economic Doctrines Questions

  • Give an account of the factors that gave rise to physiocracy.
  • Write a note on Say’s law of the market.
  • Examine the contributions of Proudhon to economic doctrines.
  • What are Gosse’s contributions?
  • Explain the contributions of Mrs. Joan Robinson to economic thought
  • Give a brief note on the Ricardian theory of value. 
  • What is the backwash effect?
  • What do you mean by pump priming?
  • State the meaning of consume’s surplus
  • What is the marginal efficiency of capital?
  • Distinguish between backward and forward linkages.
  • Give the meaning of social overhead capital
  • What are directly productive activities?
  • What are the components of effective demand?
  • Give an idea of brain drain theory
  • Distinguish between static economics and dynamic economics.
  • What in N.E.W?
  • What is the Leontief paradox?

M.A 1st Year Economics Miscellaneous Questions

Indian Economy Question Paper

  • What are hundis?
  • Expand S.E.B.I
  • State any two functions of I.D.B.I
  • What are E.P.Z’s?
  • State any two causes for the rapid growth of imports
  • Expand TRIPS
  • What is the tax: GDP ratio?
  • Mention the sources of non-tax income of the Union government
  • State the duties of VAT
  • What is Karnataka’s ranking in HDI?
  • What is the size of Karnataka’s population according to Census-2001?
  • State the functions of PHUs 
  • Explain the recent trade policy of the Government of India
  • What are the factors responsible for the generation of black money? 
  • Critically examine the monetary policy of the RBI
  • What is globalization? Explain the impact on India’s foreign trade.
  • What is the role of the Finance Commission? Explain the problems of federal finance. 

Economics of Environment And Social Sector Questions

  • What do you mean by environment? Discuss its significance.
  • Discuss the relationship between environment and development. Do you feel that the process of development is causing environmental degradation?
  • Explain the issue of externalities and market efficiency.
  • Evaluate the input-output approach.
  • Critically discuss the Pigovian fee system for the solution of environmental pollution.
  • Discuss the theories of optimal use of natural resources.
  • 'Education is an instrument for economic growth' Do you agree?
  • Give an idea of educational planning. Why it is essential?
  • Discuss the objectives and scope of the economics of education.
  • Describe the determinants of Health.

MA Economics First Semester Books 

  • Microeconomic Theory - Andreu Mas-Colell, Michael D. Whinston, and Jerry R. Green.
  • Macroeconomics - N. Gregory Mankiw. Econometric Analysis - William H. Greene. 
  • Mathematics for Economists - Simon and Blume. 
  • Statistics for Business and Economics - Paul Newbold, William L. Carlson, and Betty Thorne.
  • International Economics - Paul Krugman and Maurice Obstfeld. Development Economics - Debraj Ray.
  • Public Finance and Public Policy - Jonathan Gruber. 
  • Industrial Organization: Theory and Practice - Don E. Waldman and Elizabeth J. Jensen. 
  • Money, Banking, and Financial Markets - Frederic S. Mishkin.

MA Economics First Semester Books In Hindi 

  • Arthashastra - Chanakya Bharatiya 
  • Arthvyavastha - Nitin Singhania Vishwa 
  • Arthvyavastha - Ramesh Singh 
  • Samkaleen Arthvyavastha - Prem Shankar Mishra 
  • Bharatiya Vittavyavastha - Ramkishen Singh

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