MBA Interview Questions - Economics

Top 100 Economics Questions asked in MBA Interviews

• Will protectionism policy of different nations result in another global recession?
• What do you know about the US-China Trade War?
• Do you think recession is still going on?
• Can you elaborate on the various sub accounts of BOP?
• Can you comment on this year's budget?
• Do you know what is neobanking; it has been in news off late?

• What do you know about the budget and the economy?
• Do you know of any mechanism by which RBI can withdraw excess money supply from the FOREX market?
• Can you talk about the responsibilities of RBI in simple points?
• Give SEBI guidelines for a small investor.
• How do you determine dollar's rate and on what formula is it based?
• How do you think GDP contributes to the economy of a country?
• How many banks are there in India?
• Is forex a part of BOP?
• Is there any proposal of opening new banks in India?
• What is inflation?
• What is equi-marginal utility?
• What is Macro Economics?
• Tell me something about GST.
• Tell us about the functioning of RBI, who is the current governor of RBI?
• What are CRR, Repo Rate, Reverse Repo Rate and Bank Rate, how are they used by RBI?
• What are direct and indirect taxes?
• What is a Budget?
• What is a SEZ?
• What is balance of payments?
• What is centre's role and state's role in planning?
• What is export data and import data?

• What is FDI and FII?
• What is Fiscal deficit and what is the fiscal deficit of India?
• What is GDP at PPP?
• What is inflation? What is its current rate?
• What is Purchasing Power Parity? Concept and Explanation with regard to the Rupee and Dollar.
• What is recession? What is slow down?
• What is the fiscal deficit of the US?
• What is the GDP growth rate of India? Why is it declining?

• Who decides the exchange rate?
• Who does the Economic Planning for India?
• What is the inflation rate in US?
• Who prepares the Budget?
• What is the price of oil in the world market today? How is it affecting India?
• What is Z factor in economics?
• What is the Keynesian theory?
• What are economies of scale?
• What economic changes were initiated by the Government under the Industrial Policy, 1991?
• What are the essential features of Liberalization?
• What are the essential features of Privatization?
• What are the essential features of Globalization?
• Distinguish between microeconomics and macroeconomics.
• What do you mean by a normal good?
• What do you mean by an 'inferior good'? Give some examples.
• What do you mean by substitutes? Give examples of two goods which are substitutes of each other.
• Explain price elasticity of demand.
• What are the important features of a capitalist economy? 
• What is your understanding of monopoly?
• Explain the absence of supply curve under monopoly with the help of a relevant diagram.
• Explain the short run equilibrium under monopolistic competition.
• What is price leadership?
• Discuss IC analysis of labour supply curve.
• How would you say trade unions influence wages and employment when the labour market is monopolistic in nature?
• How would you differentiate between nominal and real interest rate?
• Explain the concept of diminishing marginal utility of money.
• What are the basic assumptions behind all the economic theories?
• Would you consider human being a rational animal as assumed by economics?
• What is behavioural economics?
• Would you say private market will fail to provide public goods efficiently?
• What do you understand by market signaling?
• Since the demand for electricity rises during the evening hours, would you suggest a higher peak load price?
• What is contestable market theory?
• Why do you think the price rigidity rises in oligopolistic market?
• What according to you is the NPV criteria for capital investment decision?
• What do you mean by risk and how do you think individuals reduce risk?
• What according to you is a market failure and what causes it?
• What are externalities?
• What is third degree price discrimination?
• What is your understanding of cartels?
• Could you explain why OPEC cartel was successful in raising oil prices?
• What is your understanding of the prisoner's dilemma?
• What do you think is the economic rent concept?
• How do you think transfer earnings are related to economic rent?
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• Could you explain price rigidity with the help of kinked demand curve model?
• Would you say you are a risk averse person? What would be some of your characteristics then?
• Could you explain ‘deadweight loss’ with the help of diagram?
• Could you explain PPC with the help of a diagram?
• What do you think would a consumer consider while deciding between buying or leasing a car?
• What do you think would happen in case of increase in investment in an economy when there is full employment?
• Can you explain the Classical Theory?
• Can you show the three phases of adjustment as money grows in the Fisher effect?
• What are the determinants of natural rate of unemployment?
• What is frictional unemployment and its causes?
• What is a liquidity trap?
• Could you explain financial market equilibrium in the classical model?
• What is stagflation?
• What is the Fisher equation?
• Please discuss the relationship between inflation and output in the short run and long run?
• What according to you is the sacrifice ratio?
• What is the difference between direct and indirect tax?