Questions on Economics (MAB Interview)

The interviewer will undoubtedly grill a student from any economics background. Some of the most frequently asked questions are as follows:

  1. Describe in detail how many countries’ protectionism policies will undermine the goal of free trade.
  2. How do you think the current trade war between China and the United States of America has affected the global economy, and do you think either side stands to benefit from it?
  3. How do you think the Reserve Bank of India can use its Foreign Exchange Reserves to increase the money supply in the money market? Is it beneficial for any country, in the long run, to increase its money supply by utilizing its foreign exchange reserves?
  4. How have changes to the Securities and Exchange Board of India’s guidelines benefited small businesses?
  5. Explain the terms inflation and equi-marginal utility.
  6. What is the significance of a Special Economic Zone?
  7. How useful is a country’s Balance of Payments surplus in terms of development?
  8. What is the difference between repo rate and reverse repo rate?