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MBA Interview Questions - Economics

Top 100 Economics Questions asked in MBA Interviews
  • According to you, how much time will it take for the countries to come out of recession?
  • Are exports included in GDP?
  • Can you comment something on the ongoing recession?
  • Can you elaborate on the various sub accounts of BOP?
  • Can you comment on this year's budget?
  • 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 equimarginal 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?
  • 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?
  • 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?
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