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    South Asia University MA Eco Paper 2015

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    SAU 2015

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    South Asia University MA Eco Paper 2015

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    9 views24 pages

    Sau 2015

    Uploaded by

    Prashant Kundu
    South Asia University MA Eco Paper 2015

    Copyright:

    © All Rights Reserved
    Download as PDF or read online from Scribd
    Flag for inappropriate content
    of 24
    Centre Name : 1 ‘QUESTION PAPER ‘SERIES CODE, Name of Candidate : Roll No. + B SAU Entrance Test for MA (Development Economics), 2015 [ PROGRAMME CODE : MEC ] Time : 3 hours Maximum Marks : 100 INSTRUCTIONS FOR CANDIDATES Candidates must carefully read the following instructions before attempting the Question Paper : @ (ii) ii ow ) {vi) (ii) (viii) fo ) (si ei) (siti) Write your Name, Rolt Number and Centre Name in the space provided for the purpose on the top of this Question Paper and in the OMR/Answer Sheet. This Question Paper has Three Parts : Part—A, Part—B and Part—C. Part—A (Objective-type) has 20 questions of 1 mark each. All questions are compulsory, Part—B (Odjective-type) has 20 questions of 1 mark each, All questions are compulsory. Part—C {Objective-type) has 30 questions of 2 marks cach. All questions are compulsory. One-fourth (¥%) of marks assigned to any question will be deducted for wrong answers. Please darken the appropriate Circle of ‘Question Paper Series Code’ and ‘Programme Code’ on the OMR/Answer Sheet in the space provided. Part—A, Part—B and Part-—C (Multiple Choice) questions should be answered on the OMR/Answer Sheet. Answers written by the candidates inside the Question Paper will NOT be evaluated. Calculators and Log Tables may be used, Mobile Phones are NOT allowed. Pages at the end have been provided for Rough Work. Return the Question Paper and the OMR/Answer Sheet to the Invigilator at the end of the Entrance Test. DO NOT FOLD THE OMR/ANSWER SHEET. AB INSTRUCTIONS FOR MARKING ANSWERS IN THE ‘OMR SHEET’ ‘Use BLUE/BLACK Ballpoint Pen Only 1, Please ensure that you have darkened the appropriate Circle of ‘Question Paper Series Code’ and ‘Programme Code’ on the OMR Sheet in the space provided. Example + Question Paper Series Code Progeamme Code Write Question Paper Series Code A or B Write Programme Cade out of 14 codes and darken appropriate circle. given and darken appropriate circle AorB Write Programme Code ® mec | @!mam | O|}rcs_|O e uso [Ojms |O|rst |O min |O|rec |O|ram |O ucs |O|rso |Olris |O met |OjPIR }O 2, Use only Blue/Black Ballpoint Pen to darken the Circle, Do not use Pencil to darken the Circle for Final Answer. 3. Please darken the whole Circle. @ 4. Darken ONLY ONE CIRCLE for each question as shown below in the example : Example + Wrong Wrong Wrong Wrong Correct SOOS|FOOO|FOOP/ OOOO OOOO ‘Once marked, no Change in the answer is allowed. Please co not make any stray marks on the OMR Sheet. Please do not do any rough work on the OMR Sheet. Mark your answer only in the appropriate circle agairist the number corresponding to the question. One-fourth (¥} of marks assigned to any question will be deducted for wrong answers. 10. Write your six-digit Roll Number in small boxes provided for the purposes and also darken appropriate circle corresponding to respective digits of your Roll Number as shown in the example below. Example: ROU, NUMBER its[s]7l2 i D @ exo 2 a D 3) a @ é) 6) am w) 9) AB 2 1B PART—A ee in| £—] is equal to Le @ 3 (b) In3-In4 (9 In3/in (a) -2 ‘The solution for [x~2|= 5 is given by la) ?and3 (b) -3 and 7 @ 3 @ 2 . 4-x? Lara ae 4 th 0 «4 @ 4 {po} fq) 2x 2 ‘The graph of y= 5x" ~x% has a point of inflection at (a) (8, 162) only (b) (4, 256) only (6) (©, 0} and (3, 162) (@) @, 0) and (4, 286) (7.0, AB Let x = lait)“, where ait) and b(t] are positive-valued differentiable functions of ¢ and A, 0. and B are constants, Then é is a 3b fa) aSpp age waded fe) caitas poet (a) None of the above Let f(x} and g(x) be two real-valued fanctions of x. ‘Then Lirea™oesi") is fa) imp eelatsd + nf ba CaILF oh "gel" (o) Ina (algte) + af laig’eaitrlall” Matar! {2} aigh) + nf ero‘ iLFeP tga" (4) None of the above If f and g are both real-valued convex functions, then h(x}=maxiflx], glx} is (a) quasiconvex (b} convex (c)_ both quasiconvex and quasiconcave (a) quasiconvex but not convex i ~ when x20 fy=flal 1 whenx=0 then (2) f(s) is continuous at x=0 {b) f(x) is contimious but not differentiable at x= 0 (c] f(x) is discontinuous at x= 0 but differentiable (a) (9 is neither continuous nor differentiable 10, 41. 12. AB It then x is equal to fa) fb} () (a) O-@+B+y) % eBay 4 wt Bry) 9 @? +6? +77) ‘The partial derivative & of the implicit fanction Inx +Iny~inz =e is uy ® (b) ( {a} Let wis zet _oy 2 _gtey 12 3 A=}1 0 -1 a4 5 ‘Then which of the following statements is correct? @ {b} (eh @ A is invertible since detA = 0 A is not invertible since detA = 0 Ais invertible since det A #0 A is not invertible since detA +0 P70. 13. 14 18. 16. AB “The limit of the expression tim 2=—2 is on aad (a 028 (&) 025 fl 2 05 ‘The derivative of e* In(x*} is fe) e*In@xy+ 20" x ) e*intx?) +20 fe inge2) Zee fa) e?*npay+e™ Inte) ita joj ~ FEE, or wa2 FQ) =k and if fis continuous at x =2, then k= fa) 0 1 my 4 {b} 3 : {e) 3 ia} 1 2 cimpiteaton of te expansion S2TWIP ts fa) cc) fe) (@ 12 6 17. White dividing each entry in a data by non-zero number a, the arithmetic mean of the new data fa) is multiplied by @ (b) does not change (o)_ is divided by @ (4) is diminished by a 18. For what values of the real number a docs the quadratic equation x7 +ax+a has distinct real roots? ax4 tb) aaa () a=4 (a) For all values of a 19. For what value of k will x+ nave a relative maximum at x=-2? x fa) + b} 2 2 (4 20. If x)= 2x73, then FR) ~ fo or 4 fe) 2 ia 4 (LB 7 [P.T.0. 21. 22. 23. 24, AB PART—B For the series atar+ar? +... tar"-!, the sum of n terms when @) S.+ cl %) fe S, @ 5-4 Which term of the series 5, 8, 11, ... is 95? (a) 10th term (b) 31st term (e} 29th term (a) 40th term Ifa, Bare the roots of the equation ax? + 3x +2 = 0,a< 0, then is greater than f) 0 fb) 1 (2 (4) None of the above Aand Bare two non-empty sets. Let A~ B= (xe Al.x@ Bj and A+ B=(A-BU(B-A). Consider the following statements : Statement 1: A+ B= H implies Ac B Statement 2: A+ B= 0 implies A= B Statement 3: A+ B= AUB implies ANB=0 How many of the above statements are correct? fo fe) 1 2 @ 3 25. a7. AB Ignoring twins and other multiple births, assume babies born at a hospital are independent events with the probability that a baby is a boy and the probability that a baby is a girl both equal to 0-5. If the first 4 children born are girls, what is the probability the next born child is a boy? fa} 050 ) 075 {ce} 0-80 (a) 1-00 ‘There are three children in a room, aged three, four, and five. if a four-year-old child enters the room, the (a) mean age will stay the same but the standard deviation will decrease (b} mean age will stay the same but the standard deviation will increase (c] mean age and standard deviation will increase (a) mean age and standard deviation will stay the same Consider an experiment in which a fair coin is tossed until a head is obtained for the first time. If this experiment is performed three times, what is the probability that exactly the same number of tosses will be required for each of the three performances? @ a i bos i i 3 2 a 3 For # negatively skewed distribution, which of the following relations holds? fa) Mcan = Median = Mode {b} Mean > Median > Mode (6) Mode > Median > Mean (4) Mode > Mean > Median 9 [P.T.0. a1 32. 33. Which of the following countries in South Asia has the highest GDP per capita? (2) India (bh) Maldives (Bhutan (2) Sri Lanka ‘The Capability Approach relates to the theory of fa) demographie transition {b) human capital fc] technological innovation {@) human development According to the Prebisch-Singer thesis, if a country exports primary products and imports manufactured goods, in the Iong run it will experience {a) a secular decline in its international terms of trade {b) an initial increase followed by a decline in its international terms of trade (@) a stagnant international terms of trade (@) a secular increase in its international terms of trade Based on the standard international poverty line, the maximum number of poor people is located in fa} Sub-Saharan Africa fb) Central America {) South Asia (a) West Asia Consider snowfall in the Himalayas (on y-axis) and chocolates (on x-axis} as two goods. Mr. X considers snowfall anywhere as neutral commodity, whereas he loves eating chocolates. The shape of the indifference curve is (@) a vertical tine (b) 4 horizontal line () a downward sloping curve (@) None of the above 10 34, as. 36. LB Increase in the price of one good leads to a decrease in demand for another good. ‘Therefore, the two goods are (a) substitutes {b) complements fe) unrelated (4) normal goods Suppose a tax is imposed in a market with perfectly clastic market supply curve. The entire tax burden is fa) paid by the seller (b) paid by the buyer (c) shared equally by buyer and seller {a} paid mostly by the seller aa Consider a production function f(x, = x#y?, where xand y are factors of production. ‘The production funetion exhibits (a) increasing returns to scale {b} constant returns to scale (c) decreasing returns to scale (a) variable returns to scale aL [P.T.0. 37. 39. nB Which of the following parameters in the Solow growth model without technological progress is endogenous’ (@) Savings rate {b) Capital-output ratio (©) Population growth (a) Investment rate In a closed economy IS-LM framework, fiscal policy will be more effective if (a) responsivity of the demand for money to income is high (b) responsivity of the demand for money to interest rate is low (¢) responsivity of the demand for money to income is low (@ Both (a) and (b) agents form their expectations of future prices by extrapolating historical data, then fa) they will always underestimate future prices (b) they will always overestimate future prices (©) they might make systematic errors in expectations (d) their expectations will be rational and most accurate on an average In an open economy with free capital flows, the Central Bank can control (a) the rate of interest but not the exchange rate of its currency (b} the exchange rate of its currency but not the rate of interest (} both the rate of interest as well as the exchange rate of its currency by simultaneously setting both of them (@)_cither the rate of interest or the exchange rate of its currency but not both 12 41, 42, AB PART—C ‘Suppose a person lives for two periods. His current period income is 42,000 and he possesses an asset worth & 18,000, His future income is expected to be F 33,000 and the real rate of interest at which he can borrow or save is 10 percent. His current and future maximum consumption will be (} % 90,000 ana ¥ 99,000 (b) % 42,000 and € 33,000 {75,000 in both the periods {a} ¥ 60,000 and ¥ 51,000 The traditional Keynesian models dominant in the 1950s and 1960s suggested an inflation-unemployment trade-off. In other words, there was a social cost of disinflation in terms of higher level of unemployment. However, if agents form their expectations rationally in a forward-looking manner, and if the policymakers follow a credible and dynamically consistent policy to reduce the rate of inflation, then it might be shown that policies to reduce inflation (a) are ineffective (b) are effective with much lower social cost than predicted by the traditional Keynesian models (©) are effective only if monetary authorities do not announce their polices beforchand {@) might also reduce unemployment, and hence be doubly beneficial ‘Quantitative easing (Q&)' involves the Central Bank (a) announcing a lower rate of interest to stimulate investments () buying short-term government bonds to finance budget deficit (co) buying financial assets from commercial banks and private financial institutions (a) buying foreign currency from the foreign exchange market to increase its foreign exchange reserves ‘On January 15, 2015, the Central Bank of Switzerland abandoned the ceiling to appreciation of Swiss franc to the euro it had imposed earlier. This was immediately followed by an appreciation of Swiss franc against euro by nearly 30 percent. Given that ‘Switzerland is en oil importer and exporter of manufactured products. This will have the following impact on producers in Switzerland (a) A strong currency will reduce the cost of production by reducing the cost of importing inputs for Swiss producers (b) A strong currency will make the products of Swiss exporters less competitive in international market (¢) Both (a) and (b) (@)__ Neither (@) nor (b) 13 (P70. Next TWO questions are based on the following information : Consider an economy where the aggregate output is produced by using two factors, K and E, using a production funetion ¥ = K#2-®, At every point of time, beth factors are fully employed. A constant proportion s of total output is saved and automatically invested at each point in time, leading to augmentation of capital stock. However, capital is also subject to depreciation at a rate 8, Labour force grows at a constant rate n. 43. The steady-state level of per capita output is given by w 3(£) -wrok® 1 o GE)" wo (2 )* {a} Cannot be determined from the given information 46. The optimal savings rate which will maxi steady state is given by ize the per capita consumption level at the ®) « (b) n46 fo] cele + 8) 1 @ Gn)" 47. ‘The function ¥ = 10 44x has x (a) the maximum point where x= 5 (b) the minimum point where x= 5 {]_ the maximum point where x= -5 (@) the minimum point where x= 5 and a maximum where x = 48, The limit of the expression lim, is 2 b) 8 fy 4 fa) 12 ALB 14 49, 50. 81, 52. 53. LB Assume that fis a differentiable function with f(x] not equal to zero. Let e denote the elasticity of f(x) with respect to x Then the elasticity of x® f(x) equals. (@) Se @) 5+) @ 8 (a) Ste The following is the coeificient matrix of a homogenous system of equations : 20 14 i ‘The system will have (@) infinitely many solutions (b) no solution {}_ unique solution {60 solutions ee : @ lex wet x x La (cl x (a) None of the above The cubic equation y= kx? - (+ I]x? + Q- k)x—k bas a minima at x = 1, when f) k>0 () O

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