CSC pag DO NOT OPEN THIS TEST BOOKLET UNTIL YOU ARE ASKED TO DO SO T.B.C. : P-DTQ-J-FDP ‘TEST BOOKLET SERIES Serial N° 006613° TEST BOOKLET ECONOMICS Time Allowed ; Two Hours Maximum Marks : 300 INSTRUCTIONS |. IMMEDIATELY AFTER THE COMMENCEMENT OF THE EXAMINATION, YOU SHOULD CHECK THAT THIS TEST BOOKLET DOES NOT HAVE ANY UNPRINTED OR TORN OR MISSING PAGES OR ITEMS, BTC. IF SO, GET IT REPLACED BY A COMPLETE TEST BOOKLET. 2. ENCODE CLEARLY THE TEST BOOKLET SERIES A, B, C OR D AS THE CASE MAY BE IN THE APPROPRIATE PLACE IN THE ANSWER SHEET. 8. You have to enter your Roll Number on the ‘Test Booklet in the Box provided alongside. DO NOT write anything else on the Test Booklet. 4. This Test Booklet contains 120 items (questions). Each item is printed both in Hindi and English. Each item comprises four responses (answers). You will select the response which you want to mark on. the Answer Sheet. In case you feel that there is more than one correct response, mark the response which you consider the best. In any case, choose ONLY ONE response for each item. 5. You have to mark all your responses ONLY on the separate Answer Sheet provided. See directions in the Answer Sheet. 6. All items carry equal marks, 7. Before you proceed to mark in the Answer Sheet the response to various items in the Test Booklet, you have to fill in some particulars in the Answer Shect as per instructions sent to you with your ‘Admission Certificate 8. After you have completed filling in all your responses on the Answer Sheet and the examination has concluded, you should hand over to the Invigilator only the Answer Sheet. You are permitted to take away with you the Test Booklet. 9. Sheets for rough work are appended in the Test Booklet at the end. 10. Penalty for wrong answers : THERE WILL BE PENALTY FOR WRONG ANSWERS MARKED BY A CANDIDATE IN THE OBJECTIVE TYPE QUESTION PAPERS, 5 @ There are four alternatives for the answer to every question. For each question for which a wrong answer has been given by the candidate, one-third (0°38) of the marks assigned to that question will be deducted a8 penalty. (ii) “Ifa candidate gives more than one answer, it will be treated as a wrong answer even if one of the given answers happens to be correct and there will be same ponalty as above to that question. ii) Ia question ie left blank, ie., no answer is given by the candidate, there will be no penalty for that question. . DO NOT OPEN THIS TEST BOOKLET UNTIL YOU ARE ASKED TO DO SO am @ : aget or ft worn ga year } fed gow ost1, ‘The Production function for a commodity is given by Q = 10 VEK, where Q is the quantity of Output, L is the quantity of Labour and K is the quantity of Capital. Given the above information, which one of the following is the nature of return to seale throughout the function ? (a) Constant return to scale (b) Decreasing return to seale only (ce) Inereas ig return to scale only (@) Both decreasing and increasing return to scale 2 Elasticity of substitution in the case of linear-homogencous production —_ function equals to (a) unity (b) more than unity (c) less than unity (a) zero Which of the following are the components of foreign capital ? 1. Grants and loans 2. External commercial borrowings 3. Foreign direct. investment 4. Deposits from non-residents Select the correct answer using the code given below : (a) 1,2,3and4 (b) 1,2 and 4 only (©) Land 2 only (d) 8 and 4 only P.DTO-J-FOP. Consider the following statements : The kinked demand curve analysis helps to explain price inflexi igidity) because it, implies that an oligopolist would 1. gain few additional customers from a price reduction since the firm's ‘competitors would also reduce price. 2. lose many of its customers if it raised its prices since rivals would not follow suit, 3. often find that MR = MC at the same output level even after costs had increased. Which of the statements given above is/are correct? (a) 1only (&) Land 2 only (© 2and 3 only @) 1,2and3 Consider the following diagram : Industry social marginal cost Price! Industry private marginal cost Demand curve S a, Output The policies which will bring a Pareto optimal position may be 1. a corrective tax on the industry. 2. a production quota by the government, 3. a subsidy to the industry. Which of the above is/are correct ? (a) Lonly ©) Land 2 only (© 1,2and3 (@) 2 and 8 only. (2-A)P-DTO-J-FDP ww Te w seer wer fer & Q = 10 VK, set Q Kae Hur @, Loo St ra @ sik K et bt at 2 ode 2 1g GT} oR Profetad 4 a ater ce, dat or afer ar wer R wet HS? (a) WARNS tar a sees (bo) act areas tary wr wferaset (©) Saat ae tary or fers @) ast eae a aha toh or oferoert wurmef ata tfise-somia seared werd a Rafe (a) gag ert tb) arg 8 sift et (©, og 8 oH ah @ wat Frafitiad 3 & atrs tet Got & aca s 7 1. ager atte a1 2, facet anfbiisere sere 3. fade scaer Freer 4. abated & ame Reires) A Re ne ape wr wet ase A FER BPC @) 12,334 (b) Sac 1, 23k 4 © saa 1 sik 2 (a) aa 3 atk 4 (3-A) Prafates saat oz fra sifsre = feos sin ap feeeteor ata arctrastteren Bt ae oe 4 aera ¢ wis sao oma ue @ fe sreafereoret 1. oer dm we 8 ae Oe afte Ew Rei aeifes wel a wf ht Ara werk | 2, ate meet at at tm aft daa agen 2, aes weed arqercor él ET 3.0 Be ae SY oy AY WATT See GR TE ‘MR = MC wre eT | sagen wort Fa ata aye we Be? (a) dart (b) baa 1 aie 2 (©) dae 23ik 3 (@ 1L23te3 Prafiter tanfirr ox fran afte - ae, Sat seb Bt Prot ‘atte ort ‘ain as ° a @ =e Aiea st Rear seam Ree end, ot Taxtt & 1 sa YORE Oe | 2. FRR SRI TeeT BT | 3. sam Bt wer | orgs 4 8S WR we ee ?. @ ea (b) dat 13k 2 () 1,233 @ sams 36. Under which one of the following conditions, }10. does product exhaustion theorem hold ? (a) Tnereasing return tg scale (b) Decreasing return to scale (©) Constant return to scale (@) Constant return to factors of production 7. Publie goods are characterized by 1, Collective consumption 2 Divisibility 3. Non-exclusion 4. Rival-consumption 1. Select the correct answer using the code given below (a) Land 2 (b) Land3 (©) Land4 (a) 2and4 8 Suppose the market demand function of a perfect competitive industry is given by Qj = 4,750 ~50 P and market supply function is given by @,=1,750+50P. Price is expressed in rupees. Which one of the following is equal to the market equilibrium |12- price ? (a) Rs. 30 (b) Rs. 20 (©) Rs. 25 (@) Rs. 26 2 Market failure occurs because of 1. Externality 2. Asymmetric information 3. Perfect competition Sclect the correct answer using the code given below (a) 1,2and3 (b) 1 only (©) Land 2 only (@) 2 and 3 only P-DTO-J-FOP (4-Aa) Given the total cost as C, the price of labour (L) as P,, price of capital (K) as Py; from which one of the following functions, can an iso-cost curve be drawn ? @) Ke=C/P,+(C/P,)L ) C=0/P, +(C/P,) © C=K.P.+L.P, @ L=C/P, -(C/P,)K In national income accounting, which one of the following is the difference between gross aggregates and net aggrogates ? (a) The value of net indirect taxes (b) The value of consumption of fixed capital (©) The value of intermediate consumption" (@) The value of final consumption expenditure Consider the following statements relating to gross investment in the national income accounts : 1. It includes the items relating to residential and non-residential construction. 2. It takes care of spending on producers’ durable goods. It includes changes in business inventories. Which of the statements givon above are correct ? (@) Land 2 only (b) 2 and 3 only (© Land 3 only @, 1,2and36. Preaaet zenat 8 fr cw car acare Preboer soker wig eter & ? (a) ada dart or ofp (b) ere tea or feo (© wang: tart wr wero (a) search a Targa wr 7. wesPre agai ot Prefer 4 8 ae-ctet fagtemé & ? 1. arafte sir 2. fersear 3. Nat 4. sferédt-sovier fd Rie we ge or win ax wa HR Gi: (a) 132 &) ste s ° (1a @ act 8. wm wt std sein maT Rs aon Hi wer Qy=4,750-50P aa aR oft wer Q, = 1,750 + 50 P Ren grt | daa wrt FH fea 1g 2 | Prefer 3 8 okra we, ak ager aa & MK et? fa) 30%. (bo) 20%, © 25%, @ 26%, 9, Preaferitan & & fares orecr atone great eta @ 7 1, weet 2, sreafier EEA 3. pt fret re ata Rew me ge ar vein aw wa eR GPR @ 123m 3 () ber () aa ste 2 @ daa 2 ates P-DTQ-J-FOP. We (5-A) .@ get ama C#, aH (L) A dire P, 2, Soh KO Gra P, &: Prafafas wert 8 few ee oT Set ae Bien om Hepat FP (@) K=C/P,+(C/P)L (b) C= C/P, + (C/P,) © C=K.R+L.P, (@) L=O/P,- PK agia ara dare # Prafatiea 8 a ara we, wea (ta) am a ys Az) a & aa stax a ‘waren & ? (a) Ye rae wt oT eng toh & ant or IRI (© Reaadl sev a Be sift ara or HEE (b) ‘asf arer drer warm Piehor S reer Prratiee crit ox rare aire : 1 We srarta aan Aeararda Par Yat ‘wel wh aPafeer axe & | 2 Fe cereal at Rare aaa we flee me ore @ eam A werd | 3. ae cents Fgh A sae afte at caftnfat exer € 1 sages aort # a alsa wd & ? (@) bam att 2 (b) act 2 atk 3 (@) wari sik 3 @ 123318. Which one of the following is the difference between value at market prices and value at factor cost for a national income aggregate ? (a) Value of consumption of fixed capital (b) Value of indirect taxes net of subsidies (©) Value of net factor income earned abroad (d) Value of subsidies net of indirect taxes 14. Given C = 120 + 04 Y, I= 100, G= 56 (where C = Consumption, I = Investment, G= Government Expenditure and ¥ = Income); which one of the following is the value of equilibrium income ? (a) 36667 (b) 460-00 (©) 310-00 (@) 26667 * 15. Which one of the following is shown by the Phillips Curve ? (a) Inverse relationship between real and nominal wages (b) Inverse relationship between the rate of| inflation and rate of unemployment (©) Positive relationship between ‘nominal wages and the rate of employment (d) Positive relationship between rate of inflation and nominal wages 16. Consider the following LM and IS functions : EM : Y= 75 + 101 IS: ¥ = 136 ~ 201 Which of the following are the equilibrium income and interest rate respectively ? (a) 90 and 2 (b) 95 and 2 (©) 100 and 3 (@) 110 and 3 P-DTO-J-FOP 17. 18. 19. (6-A) Consider the following statements : 1. Pigou held the view that employment depends upon money wages and could be substantially increased by curtailing wages, 2. Keynes held the view that employment depends upon the level of effective demand which can be increased by leaving money wages intact. Which of the statements given above is/are correct ? (@) Lonly ) 2 only (© Both 1 and 2 (d) Neither 1 nor 2 ‘Which one of the following is related to the theory that supply creates its own demand and therefore: full employment is a natural situation ? (a) Say’s Law (>) Pigou’s Law of employment. © Giffen Paradox (@) Keynesian Theory of employment. Aggregate demand ‘National income In the diagram given above, point E denotes. the full employment equilibrium corresponding to the aggregate demand fonction C+I+G. The aggregate demand function shifts to C+I+G’. Which one of the following is represented by EM (Dropping the assumption of constant general price level) ? (a) The inflationary gap (b) The deflationary gap (©) The liquidity trap (@ Saving and investment gap15, Preaftfaa #8 ater cw ger arta ore ah, aT ne WR UE SEM A OR APT BIR aaeran & ? (@) wg ooh & ont or RT () sureaer ai 4S scart DY Prove OX oT YE cos © feet a aise Ye soem ora an ye @) wend 8 ome at @ Reet ox oa Gs ra U4, feare C= 120+04¥, 1-100, G=56 (ae Ceosmim, I= ffidsr, G= waa ote Y= 30a); Prefered 4 8 alten co, ager 37a oT wae? (a) 36667 (b) 460-00 (©) 31000 @ 26667 15, Prafefter 3 8 foe co at fefter ae & ant ‘fearan ort & ? Co) men ate oat mg & hr st ) eh he amt ec te © Tee cee ter Gane he FRIAS AAT (@) Bae Sw ger amd aged & de ae We 16, Freaffféer LM sik 1S wert ox fra aifre = = 75 + 101 = 185 — 201 Prefers a ats apne eigers one othe ea a acre 8 2 (a) 90 ate 2 (b) 95 stk 2 @ 100 atk 3 @ 1038 3 P-DTQ-J-FOP (7A) Prafiftad cut ox faa aifse : 1, Ry or ae fear @ fe Some tikes Hore Rake axe @ sit Fa aA oe ae waht Ba 8 agra a Heat | 2. Se or ae fear 3 fie tome wordt din ert Poke aren tre es Hog at aed Rear agen ot waren & | suds # & ater aya wu ail BE ? (a) bard () tact 2 © ate 2 dt @ adiskad2 Profits 4 & are ew, ga Regie @ waa t fas ofS ome ata wack tar aoe & grave gol tore ee arpfees Rea & > (@) to fey (bo) for tom @ Pree Co) fife faxterire @ se @ tom @ figit o Yp ar Raw ne tanta a, B fry gpl torre ages @ Beara & wet weet Hin Gert C+l4G 2 | BET HiT Wert BGO Cal+G’ BF ore & | Preaftea ¥ a fox Ref a EM one Prefer fer wer & (Ree ar Baa eae sh Phe By wEwO ? (a) BAR oR &) saw sraRTet (© Fee arr (@) mae a faP retort ser20. ST S I ° In the context of the diagram given above, which one of the following statements is correct ? (a) Both saving and investment are autonomous. (b) Saving is'autonomous but investment is dependent on income. (© Saving is dependent on income but investment is autonomous. (@) Both saving and investment are dependent on income. 21. The life cycle hypothesis of consumption plies that. consumption is related to (a) price expectation over one’s life time (>) permanent income (©) transitory income (d) "expected life time income 22. According to Keynes, which one of the following is meant by liquidity preference ? (a) Refraining from saving (b) Desire to hold cash (© A preference to hold assets like bonds and securities which aro liquid (d) Increasing savings in terms of precious metals P-DTO--FDP 23. 24, 25. (8-A) Under Joanable funds theory of interest, which of the following are included in the supply of loanable funds ? 1. Current savings 2, Funds released from embodiment in working capital 3. Bank loans Select the correct answer using the code given below (a) (b) and 2 only 2 and 3 only (©) Land 3 only : (@) 1, 2and3 Which one of the following is represented by the intersection of the IS curve and the LM curve ? (a) Only a flow equilibrium () Only a stock equilibrium (©) A stock-cum-flow equilibrium (d)_ Moving away from equilibrium Which one of the following situations occurs during the period when borrowers and lenders expect inflation ? (a) The nominal rate of interest exceeds real rate of interest (b) The real rate of interest exceeds the nominal rate of interest (©) The nominal rate of interest equals the real rate of interest (a) Nominal and - real become zero rates of interestsax Rare oe tenes & sland 8, Pret ant a ah wer we a? fa) (b) © @ 21. fa (b) © (a) 22. fa) (by © @ P-DTQ-J-FOP, seni ot og up Roce ae acted & Fes soot tr & agen, Prafofed 4 3 oken ew aca confers ar orf & > 23, Y ° was eg factor art sara & 1 ha went @ firg ffir oa Pr 1 aaa ana at Pink & fig fictorr ear zl 24, aad 2 fafratort ert & ont wy Prk € 1 FB Ste oe 8 sie were 8 hes eng oer & ear areeng on & ere & ser ireg oer oar & eet & aud) Ba a ear ama at ay ore we SY FaT ofterafirelt, Skt dis site oferyfeed a, st fas ae, a ore oa wor Hf agape argpti ts wa a auch # gfe (9-A) wt & aprina Pfr Ragin & ommis, sori afer ot oft 3 Prafetec HS eran enftrer & ? 1, wafae aad carter dpi Proves & Pier Pret 3. dam 2 a Re me Be wr wei a we Bee baat 1 ak 2 Saat 2 3k 3 aaa 1aik 3 1, 23f 3 (a) (b) © @ Frafaaa 4 & sha ce, IS am sik LM a & wfeede & Preftta ert & > (a) Sar ce ware get dae ee eis gt () te Wa-e wate BGT @ tReet Frafatad 4 & att we Ref sa sft & ce aa & wa sor-weter sik sane yea ora arg FP @) Fe er w areas erst RB ay ort 2 . . (>) areas corsr ax iis erat xx 8 ag oT Hike aaa a ania aart ax & aa a and @ Tifa ed arate wat at ea et ah & ©) @With whom, among the following, is the theory that the rate of interest is also a factor for transaction demand for money, associated ? (a) Baumol and Tobin (b) Pigow (ce) Keynes (d) Samuelson According to Friedman, on which of the following does the velocity of circulation of money depend ? 1, Market interest rate on bonds 2. — Rate of change in general price level 8. Ratio of physical non-human wealth to human wealth 4. — Ratio of savings to investment Select the correct answer using the ‘code given below ; (a) Land 3 only 6) 1, 2and4 © 1,2and3 (4) 4 only 28, Consider the following statements : 1. Lower the currency-deposit ratio, higher the money multiplier. 2. Lower the roservo-deposit ratio, higher the money multiplier. 3. Larger the monetary base, higher is the money supply. 4. Larger the monetary base, lower is the money supply. Which of the statements given above are correct: ? (a) Land 3 only (b) 1L2and4 | ( 1,2ana3 (a) 2 and 4’only P.DTO-J-FOP 29, 31. 32. (10~A) In the standard Keynesian IS-LM model, a decrease in minimum cash reserve ratio will (a) creaté demand-pull inflation in fall-employment (b) create cost-push _ inflation fall-employment (© create markup inflation in full-employment (@) create demand-pull inflation if there is unemployment Which one of the following is a capital receipt in government budget ? (a) Interest receipts on loans given by the Government to other parties (&) Dividends and profits from public sector undertakings (©) Borrowing of the Government from public (d) Property tax receipts Which one of the following is nof a tax sacrifice principle ? (a) Equal absolute sacrifice (6) Equal proportional sacrifice (© Equal marginal sacrifice (@ Equal average sacrifice Which of the following are the characteristics of progressive tax ? 1. Marginal tax rate should be increasing. 2. Marginal tax rates should be more than average tax rate. 3. Gini coefficient for the _ post-tax distribution of income should be less than that of pre-tax distribution. 4, Tax amount should be lump sum in nature. Select the correct answer using the code given below : (a) 1,2,3 and 4 b) 1,2 and 3 only () Land 4 only @_ and 3 only26. 27. P-DTQ-J-FOP Prefer 4 & feed ag Praia wera 3 ot ae wear & fis oat Bl ax ys & oats HT a hw RG & ? (a) Tite otk cet &) Ry © at @ sper Brot argere, Paitin a bays ow eT or deetn Foie ara & P 1 deh aa a 2 ware Sra eR F oRas a ax 3.0 its terra eeof ste ara araftr 8 ate ow ya 4. aaa otk Peto & tha or sigur re Re me Be ow we a TA HR Be: @) sari ste s (b) 1, 23IR 4 © 1233 (a) bata Prafifad aert ox far difae : 1. age segue Breer Pret aie, er UT mt ser eh 2, ofa FA-orer ere Pree Re ee, yer yes sam Fea VT | 3. ifs ones fort onraes am, Aer Of set ger et | 4. es omere rer career er, yer gf set Pra ert AR Ree me age at weiny a A SU ge: (a) Sar 1 sik 3 12a 4 ©) 1233 (a) bar 2 atk 4 () a1. (11-Ad ‘ee & AG IS-LM aise #, =r ADE ome Pift arqura # ah (a) htome 4 sins wéifer ter eto (b>) er toek 4 cima wate der ST (©) Rem 4 afta atat wife dar er @ a toms & dh dines eae ta ot Prafafted 4 & att us, weet ase # iste sift & 2 (a) -WROR ERT ara val wr fee Te ao OK SaTST safer . erdsitre a & seat So ura erie a oy WROR any ora & fee me se waft ax sift (b) © @ Prafafaa 4 shrews, ax cam firgia ae oP (@) war gi wm ° (&) arr argatin ca (© war tris cam @ wars othe cart Prafefaa 4a chat sant ax at faded e? 1, Whats ox a apt afer f 2. Smit ax BX sit oe eB site et cafee | 3. OR ay were ore & Peer or fit gps we HRY wee oa B fear rR quia @ om ear afer | 4. oe Stra aD ep cogs att arte | AA fe me ge ar meh ax aa ee GC: @) 12,3 aia ) daar 1, 23k 3 © ear istka @) baa 2 atk 333. Consider the following statements : 36. In competitive markets, incidence of tax 1. _ is shared by buyers and sellers. 2. on buyers increases if elasticity of supply increases. 3. is fully borne by buyers if elasticity of domand is zero. 4. _ is independent of elasticities. Which of the statements given above are correct ? (a) Land 2 only (b) 1,2 and3 (©) 3 and 4 only (d) 2and 4 only 37, 34. Which one of the following taxes/eess i levied by States in India ? (a) Tax on motor vehicles (b) Tax on hotels (©) Educational cess (a) Tax on wealth 35. The Lorenz Curve shows the relationship between (a) asset creation and income generation 38. (b) population groups and their respective income shares (©) unemployment and inflation (a) wage, labour hours and leisure P-DTQ-J-FOP (12-A) ‘The currency notes in circulation as well as the proportion of the total money supply held in the form of currency are influenced by which of the following ? 1, The physical volume of trade and transactions. 2, The level of prices in the economy. 8. ‘The development of banks and banking habits of the people. Select the correct answer using the code given below (a) 1 only (b) 2 only © 1,2and3 @) Land 3 only Which of the following are the characteristics, of the ‘Traditional Society’ in Rostow’s Stage theory ? 1. Limited production function 2. No government intervention 3. Pre-Newtonian science and technology 4. Dominance of agricultural activity Select the correct answer using the code given below (a) 1,2and4 (b) 1, 2and 3. © 1,8and4 @) 2,8and4 Capital Deepening refers to which one of the following? (a) Going for more fixed capital (b) Emphasis on social overhead capital (© A constant capital-output ratio (@ An increasing capital-output ratio33, Prefaftar aot ox fare Hifi = 34, 35. P-DTQ-J-FOP \ fart arsmet ara 1. Benait ud Paisenait & aed dear @ 1 2, ae gt Bt cha aah & oh sasl ow agar a 3. afin Bt ate ger é at ge ene Sa aR aga fiver aren & 1 4 ara 8 ea dB sade aur HS hss wate? (a) daa 1 sie 2 b) 1, 23m 3 (©) Baa 3 ik 4 (@) waa 2s 4 Roafefaa i 8 atten ces axysce wea A cst ‘err ere oT & ? (a) ex are a wR (b) Beat & aaa fo) Rien TEx (@) wah a ‘oitrar am Rents dtr wearer feearar & ? (a) ona Prater eet art aT (oy ser ae tke 8s ter fer (Rare ed apTEH (@) FoR’, aE GI srrTeT 37. 38. (13-A) oftacr 4 ata ate otk are &t ago we A arte Be AM YE a aqme, Prafertta # a Reefer manfaa eta & 2 1, BAUR aie ara 8a or area aRTeT | 2. were % hath oA | 3. dat or sth ati dy dior snarecen a feore | Ar Re me ye wr well a we TR UF (a) bar (bo) dar 2 © 123i 3 @ sam iaiks tee} seer feels A cor wr St Reet Preafetted 4a ahah F 7 1, Mire secant A 2. wort wedd oT a at 3. ea wet on Rear atte strc 4, BREA BA ger 8 Ree me ge wr wd ox wa SOR GPE: (@) 1,23t 4 (b) 1,233 © 1334 (2,33 4 eh wetiaror Prefeitaa Ae for ew at Pde wane? (a) aftr eae Sh & fore sere EAT (wren ae Gait we a a © we Rex Si-sene aga (@) ee adn tph-seae srg39. Which of the foliowing initiatives is/are identified by the 11" Five Year Plan for accelerating the National ‘e-governance programme ? 4. Making digital signatures mandatory for e-commerce, e-government, and e-banking initiatives. . 2. Promoting technologies such as wireless fidelity (WiFi) for providing the last mile connectivity to the places where copper wiring is not possible. Select the correct answer using the code given below (a) Lonly (b) 2 only (c) Both 1 and 2 (@)_ Neither 1 nor 2 40. Disguised underemployment refers to the situation when (a) people seem occupied on a full time basis even though the services they render require less than full time (b) workers are underpaid despite doing full time job (c) there is a co-existence of unemployment and inflation (d) the economy experiences underemployment equilibrium 41. Which one of the following is explained by Pei-Ranis model ? (a) The inter-relationship between the agricultural and the industrial sectors () Planning methods when labour is in short supply (©) Growth process of the industrial sector (d) A neo-classical framework of growth analysis P-DTQ-J-FOP- 42, 43, 44, (4 Ay fC Y Consider the following statements : 1 The Solow model - explains a capital /labour ratio which does not grow under equilibrium conditions. 2. Substituting capital for possible in the Solow model. labour is Which of the statoments given above is/are correct ? (a) Lonly ) 2 only (© Both 1 and 2 (@) Neither 1 nor 2 Consider the following statements 1, Dualism refers to the existence and persistence of increasing divergences between rich and poor nations and rich and poor people at various levels. 2. Dualism is the political division of the society into two broad groups of the rightists and the leftists in modern democracy. Which of the statements given above is/are correct ? (a) Lonly (b) 2 only (©) Both 1 and 2 (a) Neither 1 nor 2 Consider the following statements : 1. Countries with high per capita income do have high physical quality of life index (PQLD. 2 Countries with high PQLI need not necessarily have high per capita income. Which of the statements given above is/are correct ? (a) 1only (b) 2 only (©) Both 1 and 2 (a) Neither 1 nor 240. 4. P-DTQ-J-FDP 11 deadia ator gra aetta Grete: arian cafe one & fore Prater 8 foals ecrectt @ ugar wen 8? 1 Sahn, Grete ste gf _ceet & fre aa meen (iret Faeenf) ay WAS FAT | 2. far wart a dia & aR cn Gna sei @ ae afr er es See ee. area PREY = agerg) SR shafife or sacha wT | a fee me Be ar wen ax we IR Pie: (a) baa. (b) tar 2 (@) 13t 2e4i @ amiss we sage sre at eR a Pee aT at (a) am pf antes omens ox ame aA BE cae & ratte as are ar arch erat fore goh amet & oH eve ra sree & (b) afte sata @ crafts 3 got afore ard RVE (Riad ste yerehife or weaifera & (@) sMiemen serie tig w& syNe oh z og-aPR atest Preiac HS Roe cos a ware | | aren 8? (a) GA ate atts Fae 3 dra oR TT (>) ator wafer sta sm ofS stem et (o)attchites dace ft sigh afr a) Aah Reeder a aa-aenfiht car (15-A) Prafeiiter oer ox fear éifare « 1 teh tear ve & aren ae eae ween 2, tet alee Goh aor eer oe ETT wats sag ert #8 as wa ae ee? (@) ard (b) Baa 2 (© 13th 2a @ atiskaae Prefered oer ox fiers fife « 1. daare faire eR & ante cd wha eat atk ak ud nha ant & de ads seer & afte cen are ah Pie wee S| 2. daare angen noréa 4 mart an, eftroridt va amid ome TRI a, aarti Rens & 1 suf # a ate eva wert wet BE ? (@) oat ) Bae sie 2 at @, THis Aas ‘Prafekaa wert oy free aif : 1. ea ofa cafes are art eth A ger siees Stas pT Yawn (PQLD erat 8 | 2, sea ties ote yet Yale (PQLI) art tat a ae maze ad 8 fos aft cafes are va et andes wert 3X ah aa wh BIE? (a) bart () baer 2 @ 13ik 2 at @ vais he45. Consider the following : A good index number is one which satisfies 1. Unit test. 2. ‘Time-reversal test. 3. Factor-reversal test. Which of the statements given above is/as correct ? . fa) Lonly (b) 2 only (c) 2 and 3 only (@) 1,2and3 46. If personal income is Rs. 57,000; personal income tax is Rs. 9,000; consumption Rs. 43,000; interest payment Rs. 10,000; personal saving Rs. 40,000; then | the disposable personal income would be equal to (a) Rs. 50,000 (b) Rs. 47,000 (©) Rs, 48,000 (d) Rs. 40,000 47. A discriminating monopolist charges a (a) higher price in the sub-market where price elasticity of demand is high (b) higher price in the sub-market where price elasticity of demand is low (©) lower price in the sub-market whore price elasticity of demand ig low (d) higher price in the sub-market where demand is low 48. According to Life Cycle Hypothesis, consumption is related to which one of the following ? (a) Current income (b) Past peak level income (©) Life time expected income (d) Price expectations over one’s life time PDTO-J-FOP 51. 52. ‘The correlation coefficient is independent of (a) scale only (b) origin only (©) both scale and ofigin (d) vertex Which one of the following is referred to as lack of peakedness ? (a) Skewness _ (b) Kultosis (© Moments (a) Mode ‘The inequality of income can be measured by using (a) Mean : (b) Mean deviation : (©) Standard deviation (@) Lorenz curve Which one of the following is the value of mode if mean is equal to 12 and median is equal to 14? (@ 16 (b) 26 © 18 (a) 13 ‘The weighted average of price relatives, using base values as weights, is same as the (a) Laspeyres’ quantity index (b) Paasche’s price index (©) Laspeyres' price index (a) Kelly's price index (16-A)Prafefea we fra dif : BE HUST GEHTS a Bot 1. garg Rem a ge we es 2, -waafinete tenn at age Set 2 | 3, seer fivefer ote at age we é | sade wont Ha ae aia we ae? @) ea1 (e) bara © bam2sk3 @ 1,233 45. 46, aft after a1 57,000 &. &@: aaftera smear 9,000 6. & smi 43,000 ©. @: eat yay 10,000 ©, @: after waa 40,000 8, @: at retoa Fish one gem ert? {a) 50,000 ©. (&) 47,000 &, (© 48,000 6. (2) 40,000 8. 47. Yeap conftrert ara Prafeed 4 wre ew, sented four set & ? (a) stare § geant She oe dit Bt that cha gear t Sra 4 ark Sra oe tin dy St ata fora & wear H Pera fina set Hi Ht Baa aha Pere” Tea H sore Saat sel Ain Fete (b) (e) @ 48, Stag ae oReern & agen, sin Prafetar a @ fos vo & era @ 7 (a) adam srr (>) farm aH TR ore Ce) Stas ore wears se (@) Hr GR Shas are A Blam geared P.DTQ-J-FDP 49. (17-A) 50. 51. 52. vere quis Prafafer a a fer oe 8 wat ae baat ae aaa ant a a art & ae raver ar aera Prather 3 8 for cw ot Fife ome? (a) ae @) ape (@ amet @ ere Prater 2S fee oe or edn oe aa dh green aor ae fsa aH ease BP mer sre Feet sare fear ae a (a) () () @ Prater a a ahrar va agra wr we #, a rer 12 t afte serra aera SP (a) 16 (b) 26 © 18 (@) 13, ser yeh aan we A agw owt ge Sa argc an site ates Preteen #8 Pw ww. we? (a) araftak on a qawte tb) wed oT Ora GIG (o) arate or ira Yewies (a) éch or thea YaarHfevery item in a set of data is multiplied by a constant, which of the following measures will remain unchanged ? (a) Arithmetic mean (b) Geometric mean (©) Variance (4) Coefficient of variation 55. Consider the following statements : 1, In case of imperative planning, the market mechanism is entirely replaced by a command hierarchy, while in case of indicative planning, it is looked upon asa way to improve the functioning of market system, 2 In case of imperative planning, all economic activities belong to the public sector, while in case of indicative planning they belong to the private sector. . . Which of the statements given above is/are correct ? (a) Lonly (b) 2 only (©) Both 1 and 2 (@) Neither 1 nor 2 56. Demographic dividend refers to.a rise in population (a) between the age group of 1 to 14 years (b) between the age group of 15 to 64 years (©) between the age group of 65 to 74 years (a) above 74 years 57. Usual Principal Status unemployment is calculated with reference ta which one of the following periods ? (a) One week (b) One month (©) One year (a) Five years P-DTO-J-FDP. 58. 59. 61. (18-A) Disguised unemployment generally exists in fa) () © @ ‘Manufacturing sector Agriculture Small scale industries Urban societies Who, among the following, were the Pioneers in estimating poverty in India for rural and urban areas separately ? (a) P.K. Bardhan and B.S. Minhas (b) V.M. Dandekar and N, Rath (© M. Ahluwalia and P.D, Ojha (@__ E.P.W. DaCosta and N. Rath During the year 2006~07, which oné of the following states had the lowest per, capita state domestic product on current pricos ? (a) Uttar Pradesh (b) Assam (©) Jharkhand (@) Madhya Pradesh Which one of the following statements regarding Aam Admi Bima Yojana (AABY) is not correct ? (a) Tt was launched in the year 2007 (b) The contribution of the Central government and State governments in the premium is in the ratio of 75 : 25 (c) The scheme is applicable to rural landless households (@) It provides insurance against natural death as well as accidental deathaR stat 2s way era aH wees we a wes Peers | 58. fm Rear ae, ah Paes a cher ane aroftactita we? (a) aia area (b) yet area (oc) ERT (a) freer ois 55. Rrafefiea aert ox fran dfs : 1, satan char 2 aad, favors cis winter safer are got: wfereenfir et aren &, sree ‘aidftien dist & area 4, sé fer sone Sarin 8 gan art B aN Bes HR omen & | 59. sage 4 8 ate aye wer we ae ? (a) Sari (b) dart 2 (©) 13ik 2a @ atiskase 56, seine emnter fire ong at ot seein aR at fafée om & ? (@) mg aia yaad & ae (>) ag at 15 @ 64 at & ner © Hy a 65 8 74 af & er @) 4a tae 61. 57. wera mga Ref ata Bh mor Piste feos ves ararafty & vast H eet a > (@) ww wene (o) ww aE (©) wat @ traf P-DTQ-J-FDP (19-A) _ @ sree tam aan Peftioer # efor ew ARP @ (b) ©) fatter daa aR ay sd arta Sat Prefers #8 str era 8 anton a arte ait St atta or yeRp-geE SET BAH arach ge? ae, ah od ca. firert a.m, car a wm. seqaftren va a8. aie (@) ¢.@.geq, sare ed aw, wr (a) (>) © wi 2006-07 & thr, Prefer # & fa ww saga ar watt Bat ome oe IAT wee aS oa We IIe TEI? (a) JAR weer ) © @ a ars Wear Fea am arett Grr tart (AABY) & ar 3 Prefetet FS aha cw wer wa Te BP -g8 af 2007 4 wrewe Roar war aT ax war ok oa wort a7 Fa Re Hater 75:25 & omgara ae ae ahora onto ae Rare & Fee a ae anit Bey ak Geman Fy aa fae dim wart exer 8 @ (b) ©. @62. During the year 2006-07, which of the following items under manufacturing goods had the highest share in India’s exports ? sector (a) Gems and Jewellery (b) Engineering goods (c) Chemical and related products (d) Handicrafts 63. In which one of the following years have India’s negative trade balances been the highest ? (a) 2003 ~ 04 (>) 2004-05 (©) 2005 - 06 (a) 2006-07 64. As per the Economic Survey 2007-08, which of the following are the major reasons for India’s recent sluggish export performance in textiles and clothing sector ? 1. Slowdown in demand from some major importers 2. The depreciation of US $ 3. Labour laws and scale economies 4. Tigh cost of power in India Select the coirect answer using the code given below (a) 1,8 and 4 only (b) 1,2,3and4 - - © Land 2 only (a) 3 and 4 only P-DTO-J-FOP 65. 66. 67. (20-A) Consider the following components of India’s external debt in terms of their share at end-March, 2008 1. Multilateral debt. 2. Bilateral debt 3. External commercial borrowings 4. NRI deposits Which of the following is descending order of the above ? the -correet (a) 1-2-3~-4 (b) 3-4-1-2 (ec) 8-1-2-4 (a) 1-3-2-4 Which of the following are the strategies of urban development adopted in India in the Eleventh Five Year Plan ? 1. Strengthening urban local - bodies through capacity building and better financial management. 2, Increasing the _— efficiency and productivity of cities by deregulation and development of land. 3. Reducing incidence of poverty. Select the correct answer using the code given below : (@) Land 2 only (&) 2 and 8 only © 1,2and3 @ Land 3 only In which one of the following years was growth rate in India’s GDP at factor cost and at constant prices (1999 — 2000) the highest 7 (a) 2006-07 (b) 2005-06 (ce) 2004-05 (@) 2007-0862. af 2006-07 & dkn, fatmin mq da Hes. una & feet aor & Praha west w, ant Prefeftan adi 4 a Ghret at or area & Prats & 2008 wna ox Fras uMT a oTENe oR, fara sifsre = “eats om em? 1. agate or (a) wee aT 2. Aenea aor 3. feast ame sewer b ) eatrah age se eter fe Co) Rarer @ eee Se Prafifter Ha aude on we sade on ater (a) wearer a? : (a) 1-2-3-4 ) 3-4-1-2 63, Freafafter at 9 8 fou ce af Ff ea or TTS (@ 3-1-2-4 aaa Yigal Tales xe? q@ 1-3-2-4 {a) 2003 - 04 66. wee A tore radia thor ereet Rare 8 (b) 2004 - 05 Frafaaa # 8 Sach write aemng 7g + (©) 2005 - 06 1. amrer Reo mer See fer weer are (a) 2008-07 srdter west Prepra oor estare 2, Raat at wera cen yh amt Roser a Bet Ht Hee s TESA BS AMA | 64, ° af 2007-08 & sift waar & age, wea ed 3. Prdaar os a a oa eT | softer dbase ds erat & sia Prafe Pomet | Ra Ree ge ar wh Ow TK Ge: fre Profan & ated wer ret é 7 : -. (a)* Bar 1 aR 2 1 ge wages orem hal ie omer. ty azote 2 Bien eae © 123ik3 3. a BER otk der ET (@) sariaks 4. eRe # Rot ot Sa cere 67. Prafttes 4 a fare om af # ae ft wort same Bt aighg we, JOE aT OK atk Ree saat “eee ae a ea a ae eR GRE tigoe sooo ac wafer (a) ta 1, 3 he 4 (a) 2006-07 (b) 1,2, 33IR 4 (b) 2005-06 () Sat 13k 2 (© 2004-05 (a) Baa gate . (2007-08 P.0TQ-J-FDP (21-A)Which of the following are India’s average growth rates of GDP at factor cost (at 1999-2000 prices) in the Ninth Five Year Plan and Tenth Five Year Plan respectively ? (a) 6-0 percent, 8-0 percent (b) 5-5 percent, 7-8 percent (©) 5-5 percent, 7-4 pereent (d) 5-8 percent, 85 percent 72. 73, 69. In which one of the following years of the ‘Tenth Five Year Plan was the growth rate in India's per capita income (at 1999-2000 prices) the highest ? (a) 2003-04 (b) 2004-05 (©) 2005-06 (a) 2006 ~07 70. Which of the following are the limitations of national income estimation in India ? 1. Output of non-monetized sector 2. Non-availability of data about income of small producers or household enterprises 3. Unreported legal income 4, inflation Select the correct answer using the code given below (a) 1,2,3and4 - (&) 1, 2 and 3 only (©) 2 and 3 only (d) 1 and 4 only 71. Which ono of the following is the targeted rate of growth of agriculture in India during the Eleventh Five Year Plan ? (a) 2 percent (b) 3 percent (c) 4 percent (@) 5 percont POTOW-FOP (22-a) Which of the following observations were made by the National Knowledge Commission with regard to their national survey on innovation ? 1. Innovation intensity has increased for large firms and small and medium enterprises (SME). 2, SMEs are registering greater increase in innovation than large firms, Select the answer using the code given below (a) 1 only (b) 2 only (© Both 1 and 2 (@ Neither 1 nor 2 Which of the following statements is/are correct ? in per capita income does not lly imply an increase in economic 1. _ distribution of income is not known. 2. ~ rate of growth is not known. 3. it suffers from the of averages. limitations Select the correct answer using the code given below : (@) Lonly (b) 2 only . (©) land 3 only (@) 1,2and3 .68, Baer ad od cardi taatfa chommsit F sore are AR (1999 - 2000 & Arr ae) aIRA ener Ua serra oh steer eight: at Preaferftuer a & whret FP 6-0 ferent, 8:0 seer 5-6 serene, 7-8 wfererct 5:5 serena, 7-4 wera 5:8 wire, 8-5 mfereTe fa) (b) © @ 69. cadl dacdia dior & Prafetan aot Fo few af A una of fa aafts one (1999 - 2000 a drat UR) BY igh ex walfers TA TP (a) 2003-04 (b) 2004-05 (©) 2005-06 (@) 2006-07 70. Prafetea A A area wer # anger ore sa oh snd & ? 1 ames eae or re 2. OR xoeal a ye sah at ora & aT siogt a 3 fret aT 3. safer faftrs ort 4. are aha Re we ge ar vel ae we IR GPA: (a) 1,2,.33mR 4 (bo) dar 1, 2 sie 8 (@ saat 233 (a) ar ist 4 v1, Pratt & atnt ow, ana # raed deatia har & ae wie a meemrs wae wet ? (a) 2 sferera (b) 3 sferera © 4 sires (a) 5 ster P.DTO-J-FOP (23-A) 72. 73. Ua ae sit get waned & omy asa whey & area 8 Prafitaa FS ate ey der fae me a ? 1. Famed Ht daar ah oot wen Oe a He ‘wnt (SME) Fag 2 1 2. Fanaa 4 Ge a Ae UA (SME) ast we Ht ater afte gfx toi GW EL er Ree me ape wr weer ae we Ta YPC: (a) Sat (b) baer 2 () 13tk 2 at @ aahiskaa2 Praftiiad wart 4-8 at aa we ae 7 aft afte ona # gfe onfiias eon Hvar & ae PRer af salt, wifes 1, are wr fearon var aa erat 2 I 2 wales a en 7a et a 3. ag stadt ft Stasi & wenfas er e | fa Rie me ge am wei ax we HR Ge: (a) Sat (b) Baer 2 () bar stk 3 @ 1,2337, 75. 76. P-DTO-J-FOP. Which of the following is/are the targets for elementary education during the Eleventh Five Year Plan in India ? 77. 1. Universal enrolment of 6 ~ 14 years age group children including — the. hard-to-reach segment. 2. All gender, social and regional gaps in enrolments to be eliminated by 2011 - 12, 3. Levelling of institutions for equality. Select the correct answer using the code given below (a) lonly () Land 2 only (©) 2 and 3 only @ 1,2and3 78. In which one of the following years was the National Food Security Mission launched ? (a) 2003 ~04 (b) 2004-05 (©) 2006-07 (4) 2007-08 The total public sector outlay in the Eleventh Five Year Plan (Central, State and Union Territories) is estimated at about (a) Rs. 30 lakh crores (b) Rs. 36 lakh crores () Rs. 40 lakh crores (@)_ Rs. 46 lakh crores (24-A) Which of the following are included in broad money (M,) in India? 1. Currency with the public 2. Demand deposits with banks 3. Time deposits with banks 4. ‘Other’ deposits with RBI Select the correct answer using the ‘code given below : (a) 1,2 and 8 only (b) 1 and 2 only (©, Sand 4 only @ = 1,2,3 and 4 Which one of the following is the prescribed investment limit for medium enterprises in the manufacturing sector as per the Micro, ‘Small and Medium Enterprises Development ‘Act, 2006 ? (a) More than Rs. 10 lakhs and less than Rs. 2 crores (b) More than Rs. 2 crores and less than Re. 5 crores (©) More than Rs. 6 crores and less than Rs. 10 crores (@) More than Rs, 10 crores, In which one of the following core infrastructure industries in India was the growth rate highest in the year 2006-07? (a) (b) co} @) Petroleum refinery products Finished steel ‘Coment Electricity74, 7. 76. P-DTQ-J-FOP Prather 8 ate aya ore A raed ater roar chr ees Rear ye rae B/E ? 1 61d af ong af wet on, Bre wos Te vga afta 8 sad wha, abies aio oot 2. armor A wit fer, amas ed ate SRB 2011 - 12 aH TAT eT | 3.0 SAAT OP & Pere Seether aa Gea | AR Ree me ye I wa a WE RR PE: (a) att (&), Baa 1a 2 (e) daa 23k 3 @ 123i s Reatifian a a fis oo af A asta aR eer firert wy wrest fear Te aT? . (a) 2003-04 (b) 2004 ~05 (© 2006-07 (a) 2007-08 roared Gaatia chsrar (ix, Usa wen ea wsudta) 4 ga adéstes daw. uRera or one fort sagas fever rar (a) 30 ara ag G. (b) 36 are wg &. (© 40 ce wile ©. (2) 46 ara wis B. 78. (25-A) art % Pree HS Roeser wh wee Be OM) 2 ftir Rar art & 2 1 ah ae ath 2. deh oa tin ore 3. dot & we frat sone 4. uredtey Riot de & ore ‘sear st a Re ne ge ww wim ae AA HR Gi: (a) a1, 23h 3 (daa 1 a 2 ( saa 3 sik @ 12,334 2006 & sR Gre & ot faPator daw & arate seni & fre Fraffta & 2 (a) 10 ara &. S sift ed 2 ois w. BH &) 2a o. 8 afte wa 5 as BT oT (©) 5 wey vB afte cd 10 Vs B.S HT (@) 10 mag. a afte ama 4 af 2006-07 4% Frafeftsa ate srenke- tern Sart AS foe eas H walt ahs ame? agifie whew sda & see ) dar eet © wwe @) Raq @80. Which one of the following shares in the net |83. proceeds of shareable Central taxes has been recommended for the States by the Twelfth Finance Commission ? (a) 29-00 percent (b) 28:50 percent (© 3050 percent (@) 3125 percent 81. Consider the following important sources of tax revenue for the Central Government budgeted for the year 2008 - 09 : 1. Corporation tax 2. Taxes on income other than Corporation tax 3. Customs 4, Union excise duties Which one of the following is their correct descending order in terms of gross tax revenue ? (a) 1-2-4-3 (by) 1-2-3-4 (@ 3-1-2-4 (@) 2-3-1-4 82, Consider the following statements with respect to a duopoly market with firms A and B . 84. 1. If both firms act as followers, then they will have reaction functions. 2. If firm A acts as leader and firm’B acts as follower, then firm A will not have any reaction function. 3. If both firms act as leaders, then the ‘outcome is economic warfare. Which of the statements given above are correct ? (a) 1 and 2 only . (6) 1, 2and3 (©) Land 3 only (@) 2 and 3 only P-OTO-J-FOP (26-A) Match List I with List II and select the correct answer using the code given below the lists : ListI List IT A. Market "1. Net loss of total failure surplus. B. Externalities 2, Maximisation of aggregate consumers’ and producers’ surplus C. Econoniie 3. The impact of one efficiency person’s actions on the well-being of other persons D. Dead weight 4, When prices fail to loss. . provide proper signals to consumers and producers Code = A B Cc D @,4 8 2 4 4 2 8 4 1 2 4 8 @1 4 2 3 Consider the following : According to Ricardian theory of distribution 1. rent is price determined. 2. land is supposed to have various alternative uses. 3. marginal land earns no rent. 4, rent is @ surplus in the sense that it is an excess over transfer earnings Which of the statements given above are correct? (a) 1,2aend4 (b) 1,8 and 4 (©) 2and 3 only (@ Land 4 only81. P-DTQ-J-FDP caged Ree arch ara wewara fer at A Tet sifted or Prefeen + 8 chien ea sist Wat os fee avqeifta fiver ran & ? (a) 29-00 sferere . (b) 28-60 sferere . (© 3050 siren (@) 31-25 sferera asda exon & af 2008 - 09 & aa 4 fee me oe wore & Praftites aeraget wit ox Prarie = 1 Pra 2. wey Pm ax & sfatts we 3. SHUT eH 4. tee oe ERs Wer WR Uses 3 one Prafahed 48 sh es Sr SEI HARE gry SP (a) 1-2-4-8 (b) 1-2-3-4 (ce) 3-1-2-4 (a) 2-3-1-4 ve fe-aftra ara & Riva 4 set wt Aste BE, 4 Rrafafaa seri ox fare difire : 1. aR det we og & ee Hard oat & at Sr ore sfafasen wert SH 2. af oH A sah & eo a stk wri B orgy bt of até. dot AS oe By afefioar wert et erat | 3. aR at wf sof & oa a onl ooh & ot wre GRome antes Je eT | gage 48 ated oer ae E ? (a) Bae 139i 2 &) 123i 3 @ sar isiks (a) baer 2 otk 3 (27-4) ghia qa 1a gita dite ok gat ee ie me ean sen a Se | a ga AL aaa Ramer 1 go ate ot ye Et B. went 2. gt Init sik sereah & oferty a1 afte thas ©. sifie ce 8, om ats & are oo art aaoch & arent fe sara D. gaya 4. aa din satel ate sence ah RD sia 2.7 T oraet wea wee A B Cc D (a) 4 38 2 1 (b) 4 2 3 1 () 1 2 4 3 q@) 1 4 2 3 referer fre ae « Rene 8s Perens Rate orga 1am Boe Prfta & | 2, yf as ote Aalto wet BE | 8. oer Pe ah eet Bier AE 1 4. a ge ont A ain & aes ae aaa ofa & saa 2 1 sudes aartt Pa are wh €.7 f@) 123Ik4 (b) 133i 4 (©) baa 2 ate 3 (@) ar 1 ak 485. Mateh List I with List I and select the correct answer using the code given below the lists : 87. 88. List List A. Firm. 1. MC = MR, MC equilibrium curve must cut the in perfect MR curve’ from ‘competition below . B. Firm. 2. TR=TC equilibrium, in monopoly market, ©. Zero profit 3. MC = MR, Price condition demand elasticity is . greater than one D. Market 4, Demand = Supply equilibrium Code : A B c op @ 1 4 38 2 4 3 2 1 © 4 2 3 1 a1 3 2 4 86. If two commodities aro perfectly substitutable (competitive), the direction of change of the cross elasticity of demand between them will be (a) zero (b) positive (© negative (@) infinity P-DTQ-J-FOP (28-A) From which of the following axioms does the Property that ‘indifference curves for a consumer cannot intersect each other’, follow ? 1. Axiom of non satiation 2. Axiom of transitivity 3. Axiom of reflexivity 4. Axiom of convexity Select the correct answer using the code given below : (a) Land3 (>) Land 4 (c) 2and3 (@) Land 2 Match List I with List II and select the correct, answer using the code given below the lists : List List It Nature of MRS) (Shape of Indifference curve) A. MRS,, is equal 1. Convex to the to zero origin B. MRS,, is 2 Coneave to the constant origin C. MRS,, is 3, Lshaped ny positive (Right angle) D. MRS,, is 4, Straight line xy negative with “negative slope Code + A B Cc D (@) 1 2 3 4 (b) 1 3 2 4 (ce) 4 2 3 1 @ 4 3 rT 287. 85. aia gh 18 gies Se otk geet aR Re me ge a vd ox wa HK GP: et au A. wisfechfim # = 1, MC = MR, MC ap eign MR a @ ava a awe B. cofexamx 2 TR=TC A oaigert Cc. yaantan 3. MC = MR, Sta ait ara we & sift @ D. aan age 4. Aine fF Lo 88. A Bc »D @ 1 4 3 2 4 8 2 1 @ 4 2 8 1 @i 8 2 4 86. of a age ier uftieena (afte) &, as aH & dia ai after 3s oR ay fen ren enh? -@) (bo) waRH (©) ore @) ora P-DTO-J-FOP, (29-A) Prafttad 3S frafor afin a ae aT srgifter Sor & Re sasteor & seni aw ws SRR TBE THT ? 1. aright seg 2. tethers 8. sferaften-oifingete 4. SreraraRegttet ha Ree me ge on che a BA Soe FC = @ 133 (este 4 © 23ies @ i327 Wats Gh 1a gi Bie ak Pt SA Rew ges ramet are ea ans a oh) Gara ae a BI MER) A. MRS,, yu 1. ae sft sere od MRS,, Rex & 2. ae es fet orate C. MRS, erase 3. L3teR (arreron) D. MRS,, HTT & 4, OND TCT at Wet Fad He: A B Cc D @ 1 2 3 4 @ 1 3 2 4 @ 4 2 8 1 @ 4 3 1 289. In the long run, the cost and output relationship depends on which one of the following ? . (a) Return to scale (>) Fixed proportion of the variables (©) Return to the variable factor (d)_ Return to the fixed factor 93. 95, 90. Balance on Capital account refers to the (a) nation’s net exports of goods and services (b) nation’s net exports of financial claims (©) nation’s net exports of interhational official reserve assets (d) nation’s .sum_of net exports of goods, services and financial claims 91. With which one of the following does the Prebisch — Singer hypothesis deal ? (a) Terms of trade of less developed countries {b) Terms of trade of developed countries (©) Balance of paymonts of less developed countries (@) Balance of payments of developed countries 92, The effect of trade with different production possibilities curves and identical indifference curves is to make a country (a) more specialized in consumption and less specialized in production (b) more specialized in production and less specialized in consumption (©) less specialized both in , consumption and in production (d) more specialized both in consumption and in production P:DTO.J-FOP (30-Aa) Keynes states that the aggregate demand function is (a) an increasing function of the level of ‘employment, (b) a decreasing function of the level of employment (©) a constant function of the level of employment (@)__ rot related to the level of employment Consider the following statements : 1. Bond price and indirectly. interest. rate vary 2 A tax on personal income reduces disposable income. 3. According to Say’s Law, demand creates its own supply. Which of the statements given above are correct ? (a) Land 2 only (b) 2 and 3 only (© Land 3 only @ 1,2and3 Imposition of a tariff will change the income distribution of the tariff-imposing country in favour of the scarce factor and against the abundant factor. This is known as (a) Leontief paradox (b) Lerner paradox (©) Stolper~ Samuelson theorem (a) Metzler paradox91. P-DTQ-J-FOP Prefiiter #8 fra cw 8 Oeteret ¥ arr sik sez oy aeerere Prix weer S ? (a) dh or feet () ad or Rex sigur (o) wet aera «or afer (a) Rex garam wr weer ht dar ae Pefaiea 4 e foe ww oS fee ae ? @) wy a agi stk tas or ye Raia (b) ay & Phe ara a qe Praia © HB geet erect ret aera a1 as Pratt @ Song Saat ote Rede al ae fee fire serooen Prefefiaa 4 8 foe ow a WT THT? (a) we Rota at A sree Raa Rat (b) facoftra att dt arena-Prafa Rett (eo) ay feat et or yrange (a) fteofter tet an spar eget afi sere eer aah oie wars garter act 3 ae am oS oT ME ew be at an FT Bene? fa) sae § otempa sift Faas cer some mite (b) Keares 4 artenpa aiftes eva cen sae oy fate (sim ok gener ert 3 ht or Peter (a) sat oftk semen ert et aftr feetest 93. (31-A) ora 3 aren fas wm Fin eT (@) tom SER a ates wee (>) Co BSR OT eT we © WARS eR Hw Bee @ WIR & eR B wee aA wee Prafiter oat wx fra dif : 1, dhs Sima ed cast & aorwar wr SoReal are 2, anton gre OR we wes Ia a oH we amet 3. Po fen & ogee or ont oe Fo 1 ange 4 & ate wos wel EP () sarisik2 . 4b) tat 2 sik 3 ©) saridiks @ L2aks eRe or cr, ffs ear are Ber A ore FeeeT oT aeere gee Ta & ue A ote aERT IE fue Ft | ga feos wo A or ote (@) frdPos fee (>) aA terre (© Wan - dpe wa (@) Ager Rear96, Consider the following statements : When factor intensity reversal occurs 1. Heckscher - Ohlin trade model fails. 2, factor price equalization theorem fails: 3. elasticity of substitution of one factor for the other is much higher in the production of a commodity. Which of the statements given above is/are correct ? fa) 1only {b) 2 only (©) Land 8 only (d) 1,2and3 97. Which of the following are the measures of Integrated Slum Development Programme adopted in India in the 11" Five Year Plan? 1 Creating and updating database on slums. 2. Using land as a resource for housing and shelter development for slum dwellers. 3. Asking slum dwellers to apply for house joan from government. 4. Granting tenure security to slum dwellers. Select the correct answer using the code given below : (a) 1,2and3 (b) 1 and 2 only (©) and 4 only (a) 1,2and4 P-DTQ-J-FDP 100. (32-A) Under which one of the following conditions is - the gain from international trade maximised ? (a) Marginal rate of transformation (MRT) in production is equal to the marginal rate of substitution (MRS) in consumption (b) MRT in production is greater than MRS in consumption (© MRT in production is less than MRS in consumption (@) MRT in production and MRS in consumption are equal to international price ratio Consider the following statements regarding argument for free trade : 1. Free trade leads to maximisation of output, income and employment. 2, Free trade prevents monopoly. 3. Free trade protects domestic industries, Which of the statements given above is/are correct ? (a) Lonly (b) Land 2 only (©) 2and 3 only (@) 1,2and3 If @ producer pays the price for each of the inputs that it uses, equal to its value of marginal product, then which one of the following does it earn ? (a) (b) © @) Positive supernormal profit Zero supernormal profit Negative supernormal profit Monopoly profit97. P-DTQ-J-FDP Prafeftae wort ofan aif Sra sorery re Perea sea eh 1, ge Same - sh fs Sse eos Bo 1 2 wa Soe Bar wart wha srw eV ret @ 1 3. Ade omer Hh ER THEM & fee wR aie wag & scare & cafe ata 8 1 suds 3 8 ahs mye ger we YE ? @) tami (o) dar 2 () aa 1aik 3 (@) 1, 23m 3 urd 4 cared taatia atort 4 Prefered 2% he soe wate id-aah Ren orion & grants arma me & ? 1, idaeh & aise ch dan wer een sor or! 2. yf a ware tq dere & eo 4 yd wT wen dae & fee srret or ferare BET | 3. id-aed Rafial or aor ¥ sraniia a1 oF @ eT | 4. dard Prof oh sraftr fas qzen War orn | : 8 Re we ge aw wen a we IR BPE: (a) 1,238 3 (b) aa 1 stk 2 (oc) tat 2 sik 4 @) 1,298 4 99. 100. (33-A) ‘Prefer cet a ow was Hi state em ame aiftrenarn Ba & 2 (a) scares By water Sivia <= (MRT) soe Bt Taranfe, Bris a (MRS) & aR eit F (b) sereq Bt MRT sein & MRS @ aiftrs arte . © gre @ MRT sets oF MRS Bo eh (@ xara @ MRT cen soir a MRS siartegie: Gora orqura 3 ae a 2 aw amr & wa 4 Prefer wert 1K ax fs: 1 aM, Jar, 99a G ta wt ftom ant! 2. WR SR cater a Yea z | 3. Rw eae wey sete ah acer ar 8 ren 8 8 ate e/a wens wel B/E ? (a) det (b) ae 1 ik 2 () baa 2sik 3 (@) 1,230% 3 BR we seTeB BRT wets aM eg Gt ag Be sate dia seme Be yea & aTeR ah &, wa we Preafeaer Ser wer a ater wt? (a) errr oferarney ary () a aftrenar ore (© Ferme sftarara are (a) vesiftrang ore101. Marshall—Lerner condition states that the foreign exchange market would be stable if the sum of the price clasticities of the demand for imports and the demand for exports is (a) greater than one (b) less than one (©) equal to one (2) equal to zero 102. Consider the following statements Under flexible exchange rate system, balance of payments disequilibria are corrected by 1. changes in the excliange rates. 2. international flow of money and reserves. Which of the statements given above is/are correct ? (a) 1only ) 2 only (© Both 1 and 2 (2) Neither 1 nor 2 103. Which one of the following is implied by interest parity ? (a) Interest rates are at par in all the countries (b) Movements in spot rates and forward rates in the foreign exchange market are same () Potential holders of foreign currency deposits view them os not equally desirable asset (dA condition that the expected returns ‘on deposits of any two countries are equal when measured in the same currency P.DTO-J-FOP 104. 105. 106. 434-A) ‘Which one of the following best describes the nineteenth century gold standard system ? (a). Regulated system with __ floating exchange rates (b) Automatic system with fixed exchange rates (©) Regulated system with fixed exchange rates (@) Automatic system with floating exchange rates, Consider the following statements regarding the features of the World Bank 1, The Board of Governors is the supreme body. 2. ‘The voting power of the governor of a member country is related to the financial contribution of the country concerned. 3. It gives short-term loan to its members to -correct their temporary balance of payments disequilibrium. Which of the statements given above is/are correct ? (a) Lonly (b) Land 2 only (c) 2and 3 only @ 12and3 Which of the following is/are the reasons for the collapse of Bretton — Woods system ? 1. The refusal by the U.S. Treasury to convert short term liability into gold 2 The US. to make dollar inconvertible. 3. The devaluation of U.S. dollar in 1973. Select the correct answer using the code given below : move (a) 1only (&) Land 2 only (©) and 3 only @) -1,2and3LoL. Hrefer — ar cen ae ame fA Rite ger aoe | 1 102. 108, P-DTO-J-FDP, fer xt af anand & in A dra ett ote Prafal & dia ot dea etre wr arr (a) we afte t (b) wears © Ws Re @ ye Prati sat ox rare dif + sre fer a sree 4, amare vig & niger a 1 fara we A oR erax we fever sire al 2. er oie omefiear Pte a siete: ware ERT wal fear aren @ | aden 48 ats aye wert ae are ? (a) dat 1 (b) dar 2 (©) Lait 2 at @ amiss de Profefaa 3 8 aha es, ens war or Pifgart a? (a) wh aut a amr ak aga we (b) fateh faire arene Hf erie at ed area Rt wor etary war eet & (©) fied a sep wre on FE WIT ices wat often 35 wr Hd (@) - wm ea oh ae wench 2 ford a ast ao we wearer soe, sre ws A BT at one €, wa ee €, 104. sated weredt Bt wav arr aan wy Prefer F 105. 108. (35-4) Bahra vs, ealepe after wear f (a) feed faa edt arch fares areca >) Rex fara eet anh wear are (Ree fara ext anett faPrafi eae @ fet fama at at wae eee fier do Dt federal & waftas Prafead wert wR fier aifire = 1 aS awe meh adiea Proa @ 1 “2 we wet & oak orate aerabed 2a & finite sie 8 wafor earth 3. we ge xen gels a oe srendt mare ager & owigaa ah des aed fie tar 21 rin sent 4 ate a we HE? (@) Saat ) act 1 ste 2 © sar 23k 3 @ 1,23mk 3 Bera ween B fewreT & fae Praia Wah we BRT BE ? 1, aR BIR oR sreuanfers terns wr aot ¥ oftafia oer Soa SEAT | 2. safer Bt sex a smkatta a at arg | 3. wARS sex wr 1973 4 aE | ate Re me ge wT van ox we A GAT (@) dari &) saa sik 2 ©) war 2s 3 @ 1,233107. ‘Tariffication refers to (a) replacement of quotas by tariffs only (b) repiacement of all existing non-tariff restrictions by tariff (c) scaling down of tariffs in general (d) obtaining sanction to increase tariff! rates 108. Which one of the following is nof correct in the context of IS and LM framework of the theory of interest ? (a) It integrates money, interest and income into a general equilibrium model of product and money market (&) Investment and interest are the two important variables in the model (©) The theory is propounded by J.R. Hicks (@) IS represents the money market equilibrium and LM represents the product market equilibrium 109. The accelerator model predicts that the changes in investment is determined by the changes in (a) inventory (b) capital (© interest (@ output 110. If AY = change in national income, I = change in investment, and k = value of| multiplier, then, the relationship can be written as . (a) AY =Al/k (b) aY=al.k © aY=k/al @) AY¥=1. Ak P-DTO-J-FOP 1. 112. 113, 114. (36-A) Given, MPC = 0:8 and the threshold consumption = 100, which one of the following is the corresponding saving function ? (@) 100+02¥ @) -100+08Y . () -100+02¥ @ 400 +02¥ According to the classical theory of employment, deviations from the state of full ‘employment are of (a) permanent nature (b) purely temporary nature (©) imaginary situations (@) normal situations The costs of factors of production, supplied by the entrepreneur himself are known as (a) implicit costs (b) explicit costs (© fixed costs (@) variable costs Effective demand is that level of demand at which (a) aggregate demand is more than aggregate supply (b) aggregate demand is less than ‘aggregate supply (©) _aggrogate demand is equal to aggregate supply (@ output is maximum107. 110. P-DTQ-J-FDP regan Ps Pe ara @ ? aero dae apt are eC Thi wafers Prgestr wide or oR sierra me @ (b) © @ wept at ARTE: Sa AT wae wt at age ht eet aT ST 5. Rreafehaa 8 8 abrer ws, sarat & Rirgiat & 1S ate LM Gad Heh a ae Te BP @) Te, a man wa at see otk aT sore ars get et # oT eT &) Ree ¢ ane x Hisar & orerta S HeTE we ag fargia Sore. feet are ferret & IS om Ta Wg B Fehr aa @ ste LM aor age &Y eRe ear © @ ‘aw vise Gagan arf Pater Hats ag bs ofa gre Prefta ger t eh oftadeh ger Prefs eter & ars & ofa are refta drat & swore & oR are Prefer ear & (a) (b) © @ a& ay = aya ara fo oftada, at = Pater cada, ate ke = apr ype &, a wee flo Te frat or were 8? fa) s¥=al/k ) aY=al.k © aYek/al (@) AY =I. Ak 11. 113, 114. fear 7a @, MPC = 0-8 sitx ect gust = 100 @, Prafeiftac a & aera cas ener cet wert & P (a) 100+02¥ (b) -100+08Y @ -100+02¥ @) 400 +02¥ . tae & wena gia sre, got ioe Ze Rae (a) wert opi or een & 2G are wpa ar ater f wrahie Rafat & b) © @) ware Refedt & seth grt wed YR Pe me sae & arent arc (a) srafaize erat & ea F rer rat & (b>) Geren arnt 8s wa F set oer & © REX cet & a A oT omen e @) Ref enrdt & er A arn srt sarah ie, Fit wr ae Ie & Ba AE serra it worn GF & aires et wa Air aT OS oT ee wre Hin aT OR aR At Se see aftresers Brat & @ (b) © (a) (37-A)115. Consider the following two demand curves {116. DD,, and DD,. Supposing km = mn, which one of the following is the price clasticity of demand at point m? Price D 117. xt Na Quantity DD, Demanded (a) It is the same as the price elasticity of | 218+ demand at point n (b) It is greater than the price elasticity of demand at point n (e) It is smaller than.the price elasticity of| demand at point n (@) It is half the price elasticity of demand at point n 119. Directions : The following five (5) items consist of | two statements, one labelled as the ‘Assertion (A)' and the other as ‘Reason (RY). You are to examine these two statements carefully and select the answers to these items using the codes given below Codes : (2) Both A and R are individually true and R is the correct explanation of A () Both A and R are individually true but R is not the correct explanation of A (c) Ais true but R is false (a) Ais false but R is true 120. P-DTO-J-FOP (38-A) Assertion (A): Marginal cost curve is U shaped. Reason (R) ; The law of variable proportions ‘operates in production sphere. Assertion (A): A firm under monopolistic competition incurs extra expenditure on advertisement. Reason (R): There is free entry and free exit of firms under monopslistic competition. Assertion (A): The money creation multiplier is equal to the reciprocal of the minimum reserve ratio. Reason (R) : ‘The banking system as a whole can grant new credit up to an amount of excess reserves, Assertion (A): Inflationary gap is caused by ‘excess demand. Reason (R): Excess demand is due to scarcity of supply of money. Assertion (A): The doctrine of unbalanced growth is based on creation of imbalances in the economy in a conscious manner. Reason (R): Unequal development of various sectors often generates conditions for rapid - development.115, Beets @ oie at Dp, ote Da fea Afr | WAT km = mn, fy m ware ww, tra dmadee? D, Dy Ataf om ag Reg nw aie A Sas aha os aT e ae RG no ar a Shore tra & sires & ag RG no a AH) Sho eB aH ag RS ne Hr aH iter tS ome Paker «amr cer (5) serie cb aewar & 1 oes Bt ‘Bar (A) Ter TR BY BRO (R)’ wer Ta Ff #7 at anata wert ax 77 seat ar sae a) Rv gv ge at were #1 gfe : wee Adi R ei wa @ aR OR, Aw Fe wea & Agr R at at @ wy, Am we wtiew af & Awe TYR MTs fa) (b) ©) @) Area? Rae 116." P-DTO-J-FDP (39- A) BUT (A): ‘BROT (R) : 1. BUA (A): BRU (R) : BUT (A) : ROR): ). BUT (A): BROT (R) : BRT (A): RU (R) : ‘Sia aa aw U SHER a ae eI aR sega a Paw set & a Rogen et verter fecha att wf fasned IR ofa arr at et wenftrentt fener eet ar era weer en Prone dhe 21 ar aia pre, =e orate gM 2 alten 3 aeae Bet € 1 got ior oreren Sef Rox fir ao FU aT Ta a Tot wit since state din & oR aaa t fetes ater yer BY gE a giver orm ert et rigs igh or Regier wer hs & aeferecer ¥ onigen sa BA Ww mente Brat & 1 faite ave er orem ore mre Fr Rare B cent a ser AAT tiSPACE FOR ROUGH WORK oe om & fe ome P-DTO-J-FOP (40-A)P-DTQ-J-FOP SPACE FOR ROUGH WORK wel om & fee ore (41 - A)SPACE FOR ROUGH WORK wea oF & fee ome P-DTQ-J-FDP (42-4)SPACE FOR ROUGH WORK wed om & fee sme P-DTQ-J-FOP. (43-A)wa ae ame) aE Teor gRerer Gkert @) 7 wer Te aa Te FT Gat GAM. : P-DTQ-J-FDP wean yee sy aera wae: at woe qos + 300 1, wder are 2 & Gea are, am Ga Ter Gita BH aga sae Ox a AS GRE a Fa OMT, wer a RET Ga GS sro eter ae a att aA Ber a, ah ga aA aro GPR A acer AAC | 2 saCrae Aad eI Wy han Gere srgwA A, B, C a D arnefa we wa 8 Geas Fife 1 8. Fa Tier gRaer R ee 4 Re me Sew H anuat oT srypies rear & | weno yftaanr oa go a Pe 4. ga otemr giver # 120 veri (eT) Re me e | wees meri feed site ais A ome | wa wea ar eae (sem) Re mE gL gH vo eee ol gi a BR ge Seeceas oe ois oe met & | oe mre Fe at PS was Sen eR Tel oh Te MATE ay ollie aE st ona weer oT | He were & fre dar ew a wey TMT e | 5. me ore a megane rer & Ree me ere OK a sift aA S| enor B fe we Pater AReee | 6. ait seit & sis wat S| 1. Bet ee fis sam ole ofan & Rafa weviet wee seer wm sift SeT YP BY, gna wo Speers Bs ae Her TRH OTT BO Rar gee HATS | 8. ama a wgme at guar A ab ae cen oer & aN we Sar see ea archers ah als 2 Snot oe are ahr GPa Ta Sh aT | 9. wed or fe ase wher Giron & aia Hers EI 10. Wea Te & fore avs argh meceti 3 safer aver fee me aera sere & Pee aoe Ree sem | @ sete wer 8 fae an doftew sax | ehear are wale oer & fare Re we ew a see & fee wer Rey Peer Five ore att or wen-FRen§ (0°33) zs dw H ae STEM | (iy aR ANG scare oes 3 aes gee Rar, GA we ge TT STE, HAG Ree Me awe A A ew ‘sere wet ete FRC A ger we Re surge seh Tee ow aS foe TET | Gi) OR sehcaR ERT OS wes eer aet ftoar one &, srerfey sehheare are seR AE fen ore &, a sa eT fore og aos ae fee sare | aa ae ame} ae War GRaer whet @) 7 wer ae aa aw 7 at Note : English version of the instructions is printed on the front cover of this Booklet.