CAPF AC 2009-2025 Economics Questions

Jul 15, 2026

Uploaded by Himbo

Economics multiple-choice questions for CAPF AC spanning 2009–2025, covering concepts such as goods and income elasticity, price elasticity of demand and firm types, comparative advantage, matching economists to works, and policy/budget topics including Union Budget allocations, services exports, development engines, agricultural infrastructure schemes, PMI reporting, and related fiscal and policy statements.

LanguageEnglish

CategoryExam

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Pages22

Reading Time55 min

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# CAPF AC 2009-2025Economics Questions Credits:Team Study Funda Copyright Cby Study Funda.All rights are reserved.Nopart of this document may be reproduced,stored in aretrieval system or transmitted in any form or by anymeans,electronic,mechanical,photocopying,recordingor otherwise,without prior permission of Study Funda 11.Which among the following regarding thenature of goods and income elasticityare correctly matched?Nature of GoodsIncome Elasticity 1.Necessity: Between 0 and 1 2.Luxury: More than 1 3.Inferior: More than 0 Select the answer using the code givenbelow. (a)1 and 3 only(b)2 and 3 only(c)1 and 2 only(d)1,2 and 3 12.Which of the following statements aboutthe relationship between price elasticityof demand and type of firm is/arecorrect? ## 1.Perfectly elastic demand isassociated with a competitive firm. 2.Perfectly inelastic demand isassociated with a monopolisticallycompetitive firm. Select the answer using the code givenbelow.(a)1 only(b)2 only(c)Both 1 and 2(d)Neither 1 nor 2 ## 13.The comparative advantage theory (CAT) is a trade theory that describes thebasis of two nations engaging in trade.Which one among the followingstatements regarding the theory is notcorrect? (a)David Ricardo was the author ofthe CAT. CAPF AC 2025 (b)The CAT is explained in the booktitled On the Principles of PoliticalEconomy and Taxation that wasfirst published in 1817. (c)According to the CAT,the nationwhich does not have absoluteadvantage in any goods cannotbenefit from trade. (d)The two nations that engage intrade can gain from specializing inthe commodity in which they havea comparative advantage. 14.Match List-I with List-II and selectthe answer using the code given belowthe Lists:List-IList-Ⅱ(Author)(Book) A.John M.Keynes1.Poor Economics B.Paul Samuelson2.The General Theoryof Employment,Interest and Money C.Amartya Sen3.Collective Choiceand Social Welfare D.Abhijit V.Banerjee 4.Foundationsofand Esther DufloEconomic Analysis Code: (a) B D A C 3 4 工 2 (b) C D A B 2 4 3 工 A B C D (c) 2 3 1 4 (d) A B C D 3 1 4 2 ## 17.Which one among the following itemsof expenditure received the highestallocations in the Union Budget,2025-26? (a)Centrally sponsored schemes(b)Pensions(c)Interest payments(d)Defence 18.Which among the following statementsregarding India's services export is/arenot correct? 1.India's share in global servicesexport has more than doubled,reaching around 4·3 percent in2023 from 1·9 percent in 2005. 2. Travel'and Transport'servicesrepresent areas where India holdsa relatively larger share inglobal export,at 10·2 percent and8·5 percent respectively in 2023. Select the answer using the code givenbelow. (a)1 only (b)2 only (c)Both 1 and 2 (d)Neither 1 nor 2 19.Which one among the following is notidentified as one of the Engines ofDevelopment’in the Union Budget,2025-26?(a)Textiles(b)Agriculture(c)Investm

Jul 15, 2026

Uploaded by Himbo