Economics
Syllabus
Collection of Data, Comparative Development Experience of India with its Neighbours, Correlation, Environment Sustainable Development, Index Numbers, Introduction, Measures of Central Tendency, Measures of Dispersion, Organisation of Data, Presentation of Data.
Marking scheme
| Section |
Number of Questions |
| Economics |
45 |
| High Order Thinking (HOT) |
5 |
- The Olympiad exam will have a total of 50 questions as per the table above.
- 1 Mark shall be given for every correct answer.
- There shall be no Negative marking.
- Students shall be given 60 minutes to complete the test.
- Percentile Ranks shall be given to all students.
- Toppers shall be decided from the top percentile ranks on the basis of raw scores and time taken by the student to complete the exam.
Sample Questions
Q.1 Which of the following statements is true about the lottery method?
- a. The lottery method is also known as random sampling
- b. The lottery method is also known as population sampling
- c. The lottery method is also known as non-random sampling
- d. The lottery method is also known as sampling
Q2 Read the following statement given below and choose the correct alternative.
Statement 1- Correlation is a perfectly negative change in two variables in the same direction.
Statement 2- Correlation is perfectly positive when changes in the two variables are in the opposite direction.
- a. Both are correct
- b. Both are incorrect
- c. Statement 1 is correct and statement 2 is incorrect
- d. Statement 1 is incorrect and statement 2 is correct
Q.3 The index used to measure changes in total money value is called:
- a. Price index
- b. Quantity index
- c. Value index
- d. None of the above
Q.4 Which of the following is a characteristic of a mean?
- a. The sum of deviations from the mean is zero
- b. It minimises the sum of squared deviations
- c. It is affected by extreme scores
- d. All of the above
Q.5 If you secure 97 percentile in an examination, it means that your position is below ______ of the total candidates who had appeared in the exam.
- a. 97 percent
- b. 3 percent
- c. 90 percent
- d. None of the above
Q.6 The upper limit of class-intervals is considered for calculating:
- a. ‘Less than’ cumulative frequency
- b. ‘More than’ cumulative frequency
- c. Relative frequency
- d. None of these
Economics
Syllabus
Balance of Payments, Consumer Behavior and Demand, Current challenges facing the Indian Economy, Determination of Income and Employment, Development Experience (1947-90) and Economic Reforms since, Development Experience of India, Government Budget and the Economy, Introduction to Microeconomics, Money and Banking, National Income and Related Aggregates.
Marking scheme
| Section |
Number of Questions |
| Economics |
45 |
| High Order Thinking (HOT) |
5 |
- The Olympiad exam will have a total of 50 questions as per the table above.
- 1 Mark shall be given for every correct answer.
- There shall be no Negative marking.
- Students shall be given 60 minutes to complete the test.
- Percentile Ranks shall be given to all students.
- Toppers shall be decided from the top percentile ranks on the basis of raw scores and time taken by the student to complete the exam.
Sample Questions
Q.1- The absolute value of the coefficient of price elasticity of demand ranges from:
- a. Zero to infinity
- b. Minus infinity to plus infinity
- c. One to minus infinity
- d. One to infinity
Q.2- Average Propensity to Consume (APC) = ?
- a. 1 - Average Propensity to Save
- b. 1 - Marginal Propensity to Consume
- c. 1 + Average Propensity to Save
- d. 1 + Marginal Propensity to Consume
Q.3- What is the duration of a financial year?
- a. October 1st to 30th September
- b. April 1st to 31st March
- c. January 1st to 30th December
- d. None of the above
Q.4- In order to encourage investment in the economy, the Central Bank may ________
- a. Reduce Cash Reserve Ratio
- b. Increase Cash Reserve Ratio
- c. Sell Government securities in the open market
- d. Increase Bank Rate
Q.5- When we say, current account is in balance”, what can be the possible reasons for it
- a. Receipts and payments on current account are equal
- b. Receipts and payments on capital account are equal
- c. Receipts are more than payment in capital account
- d. Receipts are less then payment on current account
Q.6- Consider the following statements with respect to Industrial Deregulation and state the correct
combination:–
I) Restrictions imposed by Licensing policy was removed
II) Price fixation and controls were removed
III) Private sector was not allowed to enter the public space
- a. Only I
- b. I and II
- c. Only III
- d. I, II and III
