NOV - 11211/II

Economics
Paper II
vFkZ'kkL=
iz'uif=dk II
Time Allowed : 75 Minutes] [Maximum Marks : 100
Note : This Paper contains Fifty (50) multiple choice questions, each question
carrying Two (2) marks. Attempt All questions.
lwpuk % ;k iz'uif=dsr ,dw.k iÈkkl (50) cgqi;kZ;h iz'u fnysys vkgsr- izR;sd iz'ukyk nksu (2)
xq.k vkgsr- loZ iz'u lksMok-

1. In case of inferior good : 1. ^fuœ"V oLrw*P;k ckcrhr %

(I) Income effect is negative. (I) mRiUu ifj.kke Ω.k vlrks-
(II) Substitution effect is positive. (II) i;kZ;rk ifj.kke /ku vlrks-
(A) I is correct but not II (A) I cjkscj ijarq II ukgh
(B) II is correct but not I (B) II cjkscj ijarq I ukgh
(C) Both I and II are correct (C) I vkf.k II nksugh cjkscj
(D) Both I and II are wrong (D) I vkf.k II nksugh pwd
2. The negative slope of the 2. leo`Ÿkh oÿkpk Ω.kkRed mrkj ;k x`fgrkeqˇs
indifference curve is due to the
vlrks %
assumption of :

(A) transitivity (A) laÿkedrk

(B) non-satiety (B) vr`Irh

(C) Diminishing Marginal Rate of
(C) ?kVrk lhekUr i;kZ;rk nj
Substitution

(D) Diminishing Marginal Utility (D) ?kVrh lhekUr mi;ksfxrk

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3. In case of Cobb-Douglas production 3. Q = AKα Lβ ;k dkWc&MXyl mRiknu

function, Q = AKα Lβ the marginal Qyukr Jfedkaps lhekUr mRiknu Qy gs
productivity of labour is : ,o<s vlrs %
(A) β * average product of labour (A) β * Jfedkaps ljkljh mRiknu Qy
(B) β * total product of labour (B) β * Jfedkaps ,dw.k mRiknu Qy
1 1
(C)
β
* average product of labour (C)
β
* Jfedkaps ljkljh mRiknu Qy

1 1
(D)
β
* total product of labour (D)
β
* Jfedkaps ,dw.k mRiknu Qy

4. If factors of production are close 4. tj mRiknukP;k iz f ÿ;s r mRiknu ?kVd

substitutes in the process of ,des d ka u k toˇps i;kZ ; h vlrhy rj
production then the isoquants lemRiknu oÿ %
would be : (A) vkja H kLFkkuk'kh cfgoZ ÿ ija r q p<.k
(A) Convex to the origin but steeper vlrkr
(B) Convex to the origin but flatter (B) vkja H kLFkkuk'kh cfgoZ ÿ ~ ija r q iljV
(C) Straight line vlrkr
(D) L-shaped (C) ljˇ js[kk
5. (I) A monopolist practising first (D) L vkdkjkps
degree price discrimination 5. (I) izFke izek.kkpk fdaerHksn dj.kkjk eDrsnkj
produces efficient output. dk;Z{ke mRiknu djrks-
(II) Duopolist in Cournot model (II) f}tukf/kdkjkP;k dquksZP;k izfrekukrhy
produces inefficient output. m|ksxlaLFkk vdk;Z{ke mRiknu djrs-
(A) I is correct but not II (A) I cjkscj ijarq II ukgh
(B) II is correct but not I (B) II cjkscj ijarq I ukgh
(C) Both I and II are correct (C) I vkf.k II nksugh cjkscj
(D) Both I and II are wrong (D) I vkf.k II nksugh pwd
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 NOV - 11211/II

6. Sylos-Libini model is a model of : 6. lk;yl&yk;fcuhps izfreku gs ;kps izfreku

(A) Cartels vkgs %

(B) Limit pricing (A) foÿ; fu;a=.k la?k

(C) Monopsony (B) e;kZnk fdaer

(D) Non-collusive oligopoly (C) ,dÿ;kf/kdkj

7. ‘Value of aggregate excess demand (D) vlaxuer vYitukf/kdkj

is identically zero’ is the : 7. ^ldy vfrfjDr ekx.khps ewY; vfHkUur%

(A) Samuelson’s law 'kwU;* vlrs gk %

(B) Arrow law (A) lWE;qvylupk fu;e vkgs

(C) Walra’s law (B) vWjkspk fu;e vkgs

(D) Kaldor’s law (C) okWyjkpk fu;e vkgs

8. In the classical theory an increase (D) dkYMjpk fu;e vkgs

in marginal productivity of labour 8. lukru flºkUrke/ks JfedkaP;k mRikndrsrhy

leads to : ok< gh [kkyhy ckc ?kMowu vk.krs %

(A) Fall in real wage rate (A) okLro osrunjkr ?kV

(B) Rise in real wage rate (B) okLro osrunjkr ok<

(C) Rise in money supply (C) iS'kkP;k iqjoBÓkr ok<

(D) Fall in employment (D) jkstxkjkr ?kV

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9. In a standard notation if 9. izekf.kr laKkoyhuqlkj tj C = 200 + 0.7Y,

C = 200 + 0.7Y, I = 400, G = 300 I = 400, G = 300 vkf.k djkpk nj
and tax rate (t) = 0.30, then the
(t) = 0.30, rj lerksy mRiUu toˇikl
equilibrium level of income would
,o<s vlsy %
be approximately equal to :
(A) 3000
(A) 3000
(B) 900 (B) 900

(C) 1800 (C) 1800

(D) 1000 (D) 1000

10. Hypothesis which states that 10. r#.k o;kr O;Drh cpr djrkr vkf.k
individuals save in young age and fuo`Ÿkhuarj vicpr djrkr gh ifjdYiuk ;k
dissave in the age of retirement is
ukokus vksˇ[kys tkrs %
known as :
(A) thoupÿ ifjdYiuk
(A) Life cycle hypothesis

(B) Permanent income hypothesis

(B) dk;e mRiUu ifjdYiuk

(C) Relative income hypothesis (C) lkis{k mRiUu ifjdYiuk

(D) Absolute income hypothesis (D) dsoy mRiUu ifjdYiuk
11. The square root rule states : 11. oxZewˇ fu;e gs lkaxrks %
(A) demand for money increases (A) iS'kkph ekx.kh O;ogkj [kpkZcjkscj ok<r
with cost of transactions tkrs
(B) demand for money decreases
(B) iS'kkph ekx.kh O;ogkj [kpkZcjkscj ?kVr
with cost of transactions
tkrs
(C) demand for money remains
constant with cost of
(C) iS'kkph ekx.kh O;ogkj [kpkZcjkscj fLFkj
transactions jkgrs
(D) demand for money does not (D) iS'kkph ekx.kh O;ogkj [kpkZoj voyacwu
depend on cost of transactions ulrs
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12. If the currency-deposit ratio 12. tj pyu&Bsoh xq.kksŸkj (cu) = 0.2, jks[k jk[kho
(cu) = 0.2, reserve ratio (re) = 0.4, xq.kksŸkj (re) = 0.4 vls] rj iS'kkP;k xq.kdkps
the value of money multiplier is : ewY; ,o<s vlrs %
(A) 1.5
(A) 1.5
(B) 2.5
(B) 2.5
(C) 2
(C) 2
(D) 4
(D) 4
13. In the long run :
(I) Philips curve is vertical at the
13. nh?kZdkˇkr %
natural rate of unemployment. (I) fQfyIl oÿ csjkstxkjhP;k uSlfxZd
(II) Changes in money supply do njkik'kh f{kfrtyac vlrks-
not influence employment. (II) iS'kkP;k iqjoBÓkrhy cnykapk jkstxkjkoj
(A) I is true but not II ifj.kke gksr ukgh-
(B) II is true but not I (A) I cjkscj ijarq II ukgh
(C) Both I and II are correct (B) II cjkscj ijarq I ukgh
(D) Both I and II are wrong
(C) I vkf.k II nksugh cjkscj
14. In the standard IS-LM model,
(D) I vkf.k II nksugh pwd
if unemployment occurs in
equilibrium, then : 14. izekf.kr IS-LM izfrekukr tj vFkZO;oLFkk
(I) Taxes must be reduced. lerksykoLFksr vlrkauk csjkstxkjh vlsy
rj %
(II) Reserve ratio must be raised.
(A) Statement I is correct and II is
(I) dj deh dj.ks vko';d Bjrs-
wrong (II) jks[k jk[kho xq.kksŸkj ok<o.ks vko';d
(B) Statement I is wrong and II is Bjrs-
correct (A) fo/kku I cjkscj ijarq II pwd
(C) Both statements I and II are
(B) fo/kku I pwd ijarq II cjkscj
correct
(D) Both statements I and II are
(C) fo/kku I vkf.k II nksugh cjkscj
wrong (D) fo/kku I vkf.k II nksugh pwd
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15. “Incomes of the poor increase in an 15. fl,[kk|k vFkZO;oLFksr] xfjckaph mRiUus v'kk
economy such that the poor move izdkjs ok<rkr dh xjhc yksd nkfjÊÓ js"ksP;k
closer to the poverty line.”
vf/kd toˇ tkrkr-fi
Which of the following poverty
[kkyhyiSdh dks.kR;k nkfjÊÓ ekiuke/;s ?kV
measures will show a decrease ?
fnlsy \
(A) The head count ratio
(A) f'kjx.krh xq.kksŸkj
(B) The poverty gap ratio
(B) nkfjÊÓ rQkor xq.kksŸkj
(C) Both the head count ratio and

the poverty gap (C) f'kjx.krh xq.kksŸkj vkf.k nkfjÊÓ rQkor

(D) Neither the head count ratio

xq.kksŸkj

nor the poverty gap (D) f'kjx.krh xq.kksŸkj ukgh vkf.k nkfjÊÓ
16. Industry is considered to be rQkor xq.kksŸkj i.k ukgh
important to agriculture in economic
16. vkfFkZd fodklkr 'ksrh {ks=klkBh m|ksx {ks=
development as :
egŸoiw.kZ eku.;kr ;srs dkj.k %
(A) A source of raw material
(A) dPpk ekykpk Úksr vlY;keqˇs
(B) A reservoir of labour
(B) Jfedkapk jk[kho lkBk vlY;keqˇs
(C) A source of savings for

investment (C) xqaro.kqdhlkBh cprhpk Úksr vlY;keqˇs

(D) A source of demand for (D) 'ks r h mRiknuklkBh ekx.khpk Úks r

agricultural output vlY;keqˇs
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17. The predominant framework used in
the Second Five Year Plan of India
was based on :
(A) One sector model of the Harrod-
Domar type
(B) Sectoral model of the Feldman
type
17. HkkjrkP;k nqlÚ;k iapokf"kZd ;kstusr mi;ksxkr
vk.kysY;k pkSdVhps izkcY; [kkyhyiSdh
dks.kR;k izfrekukoj vk/kkfjr gksrs \
(A) gWjksM&MkWejps ,d {ks=h; izfreku
(B) QsYMeups {ks=h; izfreku
(C) cgq&{ks=h; vknk&iznk izfreku

(C) Multi-sector input-output model (D) vkarjdkfyd b"Vrerspk lekos'k vlysys

(D) A linear programming model

js"kh; izk;kstuk izfreku
involving inter-temporal 18. dkg~u&psusjh lkekftd lhekar mRikndrk
optimization xqaro.kwd fud"kke/;s [kkyhyiSdh dks.kR;k
18. The Kahn-Chenery social marginal ckchpk lekos'k gksrks \
productivity investment criterion
(A) loZ izdkjP;k mi;ksxkae/;s HkkaMoykP;k
involved :
lkekftd lheka r mRikndrs p s
(A) Maximization of the Social dekyhdj.k
Marginal Productivity (SMP) of
(B) loZ izdkjP;k mi;ksxkae/;s HkkaMoykP;k
capital in all uses
lkekftd lheka r mRikndrs p s
(B) Minimization of the SMP of
fdekuhdj.k
capital in all uses
(C) fofo/k izdkjP;k mi;ksxkae/;s HkkaMoykP;k
(C) Equalization of the SMP of
capital in different uses lkekftd lhekar mRikndrsps lekuhdj.k

(D) Investing capital up to a point (D) HkkaMoy xqaro.kwd v'kk fcanqi;±r dj.ks
where the SMP of capital is ts F ks Hkka M oykph lkekftd lheka r
zero mRikndrk 'kwU; jkghy
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19. In cost-benefit analysis, the higher 19. O;;&ykHk fo'ys"k.kkr] dlj nj tkLrhpk
the rate of discount, the lower will
vlY;kl izdYikps fuOoˇ orZeku ewY; deh
be the net present value (NPV) of
jkghy- ,dk fof'k"V dlj njklkBh fuOoˇ
a project. At a certain rate of discount
orZeku ewY; 'kwU; tj >kys rj ;k dlj njkl
the NPV will be zero. This rate of

discount is called the : iq<hyiSdh dk; Eg.krk ;sbZy \

(A) External rate of return (A) ckgÓ ijrkok nj

(B) Internal rate of return (B) varxZr ijrkok nj

(C) Incremental rate of return
(C) ok<ho ijrkok nj
(D) Forward rate of return
(D) ok;nk ijrkok nj
20. In the Solow-Swan model of growth
20. rkaf=d izxrh ulrkauk lksyks&Loku ;kaP;k
without technical progress, the rate

of growth of national output is not iz f rekukr] jk"V™ h ; mRiknu o` º hpk nj

equal to : [kkyhyiSdh dks.kR;k njk'kh leku jkg.kkj

(A) The rate of growth of population ukgh \

(B) The rate of growth of capital (A) yksdla[;sP;k o`ºh njk'kh

stock
(B) HkkaMoyh lkBÓkP;k o`ºh njk'kh
(C) The rate of growth of

consumption (C) miHkksxkP;k o`ºh njk'kh

(D) The rate of growth of taxes (D) djkP;k o`ºh njk'kh

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 NOV - 11211/II

21. Trade can act as an engine of growth 21. O;kikjkP;k o`ºhps bathu gh Hkwfedk [kkyhyiSdh
due to :
dks.kR;k dkj.kkeqˇs fuHkko.;kr ;srs \
(A) Higher economies of scale
reaped by large scale production (A) fu;kZrhlkBh c`gRifj.kke mRiknukpk ykHk
for exports ferO;f;rk ok<.;kr gksrks
(B) Lower availability of critical
(B) vf/kdP;k fu;kZr feˇdrheqˇs fu.kkZ;d
imported capital and
HkkaMoy vk;krhph vkf.k v/kZflº oLrwp
a h
intermediate goods made
possible by larger export miyC/krk deh gksrs
revenues
(C) fons'kh Li/ksZlkBh vFkZO;oLFkk [kqyh
(C) Decreased efficiency in domestic
>kY;kus ?kjxqrh mRiknukP;k dk;Z{kersr
production due to opening up
of the economy to foreign ?kV gksrs
competition
(D) dkS'kY; fufeZrhpk Lrj fuEu vlY;keqˇs
(D) Lower level of skill formation
22. lerksy vFkZladYi xq.kd mRiUukr fdrhus ok<
22. The Balanced Budget Multiplier
djrks \
increases income by :

(A) Zero (A) 'kwU;

(B) One (B) ,d

(C) The amount of the tax increase
(C) dj ok<hP;k izek.kkr
(D) The amount of expenditure
increase (D) [kpZ ok<hP;k izek.kkr
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 NOV - 11211/II

23. Distance of states’ estimated per 23. gjh;k.kk jkT;kP;k vankftr njMksbZ eglqyk
capita revenue from estimated per iklw u ,[kk|k jkT;kps va n kftr njMks b Z
capita revenue of Haryana is eglqykps varj ;kl dk; lacks/krk ;srs \
referred to as :
(A) jktdks"kh; f'kLr
(A) Fiscal Discipline
(B) dj olqyh iz;Ru
(B) Tax Efforts
(C) jktdks"kh; {kerk varj
(C) Fiscal capacity distance
(D) njMksbZ mRiUu varj
(D) Per capita income distance
24. 2010&11 ;k foŸkh; o"kkZr dks.kR;k djkP;k
24. Tax expenditure in financial year
dj [kpkZph jDde tkLr vkgs \
2010-11 is higher in respect of :
(A) fuxe mRiUu dj
(A) Corporate income tax
(B) oS;fDrd mRiUu dj
(B) Personal income tax
(C) mRiknu 'kqYd
(C) Excise duty
(D) lhek 'kqYd
(D) Customs duty
25. dsaÊ ljdkjP;k fo'ks"k izfrHkwfr jk"V™h; vYi
25. The special Central Government
cpr fu/khyk fodwu mHkk dsysyk iSlk d'kkpk
Securities issued to National Small
Hkkx vlrks \
Saving Fund constitute a part of :

(A) External Debt of India

(A) Hkkjr ljdkjps fons'kh dtZ

(B) Internal Debt of India

(B) Hkkjr ljdkjps varxZr dtZ

(C) Non-debt capital receipts of (C) dsaÊ ljdkjph fcxj dtZ HkkaMoyh
centre tek

(D) Revenue receipts of centre (D) dsaÊ ljdkjph eglqyh tek

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26. Central Sales Tax is a state level 26. jkT; ikrˇh ojhy dsaÊh; foÿhdj dks.kR;k
tax based on : rŸokoj vk/kkfjr vkgs \
(A) Destination principle (A) xarO;LFkku rŸo
(B) Origin principle
(B) vkjaHkLFkku rŸo
(C) Ability to pay principle
(C) djns; {kerk rŸo
(D) Benefit principle
(D) ykHk rŸo
27. The distribution of Grants in
aid under Article 275 of the
27. jkT;?kVusP;k dye 275 vUo;s lgk∏;d
constitution depends upon the vuqnkukps dsyy
s s okVi [kkyh fnysY;k dks.kR;k
inter-se distribution of tax proceeds dyek}kjs jkT;k&jkT;kae/;s dj eglwykP;k
under Article : okVikoj voyacwu vlrs \
(A) 270 (A) 270

(B) 269(A) (B) 269(A)

(C) 271
(C) 271
(D) 268
(D) 268
28. Excess of non-plan revenue
28. eglqyh tesis{kk ;kstusrj eglqyh [kpZ tkLr
expenditure over revenue receipts is
gksrks rsOgk R;kl dk; lacks/kys tkrs \
referred to as :

(A) Trade Balance

(A) O;kikjh f'kYyd

(B) Balance from current revenue (B) eglqyh [kkR;kojhy f'kYyd

(C) Primary Balance (C) izkFkfed lerksy

(D) Fiscal Balance (D) jktdks"kh; lerksy
11 [P.T.O.

29. Export Pessimism is :
(A) The feeling that the developing
countries’ exports to developed
countries cannot grow rapidly
because of the latter’s increased
protectionism.
(B) The feeling that the developing
countries will always have
imports higher than exports.
(C) The feeling that the rate of
growth of the developing
countries’ exports will always be
lower than the rate of growth
of their imports.
(D) The feeling that the developing
countries will always be
exporting primary products.
30. The Absolute Purchasing Power
Parity theory postulates that :
(A) The equilibrium exchange rate
between two currencies is equal
to the ratio of relative price
levels in the two nations.
(B) The equilibrium exchange rate
between two currencies is equal
to the ratio of the price levels
in the two nations.
(C) The equilibrium exchange rate
between two currencies is equal
to the ratio of price levels of
services in the two nations.
(D) The equilibrium exchange rate
between the two currencies is
equal to the ratio of factor prices
in the two nations.
12
NOV - 11211/II
29. fu;kZr fujk'kkokn Eg.kts -------------------- vlk
fopkj gks;-
(A) fodlu'khy ns'kkaph fodflr ns'kkauk
gks.kkjh fu;kZr fodflr ns'kkaP;k ok<R;k
laj{k.koknkeqˇs ok<w 'kdr ukgh-
(B) v'kh Hkkouk dh fodlu'khy ns'kkaP;k
vk;krh fu;kZ r his { kk us g ehp tkLr
vlrkr-
(C) v'kh Hkkouk dh fodlu'khy ns'kkaP;k
fu;kZr o`ºhpk nj gk usgehp R;kaP;k
vk;kr o`ºh njkis{kk deh vlsy-
(D) v'kh Hkkouk dh fodlu'khy ns'k usgehp
izkFkfed oLrwaph fu;kZr djrkr-
30. fujis{k [kjsnh 'kDrh lekurk flºkar vls
/ofur djrks dh %
(A) nksu ns'kkarhy pyukapk lerksy fofue;
nj gk nksUgh ns'kkarhy rqyukRed fdaer
ikrˇh xq.kksŸkjkbrdk vlrks-
(B) pyukae/khy lerksy fofue; nj gk nksu
ns'kkarhy fdaer ikrˇhP;k xq.kksŸkjkbrdk
vlrks-
(C) nksu pyukae/khy lerksy fofue; nj gk
nks U gh ns ' kka r hy ls o ka P ;k fda e r
xq.kksŸkjkbrdk vlrks-
(D) nksu pyukae/khy lerksy fofue; nj gk
nksUgh ns'kkarhy ?kVd fdaer xq.kksŸkjkbrdk
vlrks-
 NOV - 11211/II

31. Export oriented industrialization :

31. fu;kZrkfHkeq[k vkS|ksxhdj.k %
(A) Overcomes the disadvantages

of smallness of the domestic

(A) ns ' kka r xZ r cktkjis B s P ;k ygku

market vkdkjekukeqˇs fuekZ.k gks.kkjs nks"k nwj

(B) Implies domestic industry
djrs
protection

(C) Implies imposing heavy export (B) Eg.ktsp Lons'kh m|ksxkauk laj{k.k

duties
(C) Eg.ktsp tcj fu;kZr dj ykn.ks
(D) Implies industrialization of

backward areas (D) Eg.ktsp ekxkl Hkkxkps vkS|ksxhdj.k

32. Metzeler Paradox is : dj.ks

(A) An exception to the Stopler-
32. esV>~yj fojks/kkHkkl Eg.kts %
Samuelson theorem

(B) An exception to the Leontif (A) LVkWiyj&lWE;wvylu izes;kyk viokn

paradox
(B) fyvkWufVQ fojks/kkHkklkyk viokn
(C) An exception to Mundell-

Fleming model (C) eqaMsy&∂ysfeax izfrekukyk viokn

(D) An exception to Marshall-

(D) ek'kZy&yuZj vVhauk viokn
Lerner condition

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33. Freely floating exchange rate 33. eqDr rjy fofue; nj O;oLFkk Eg.kts %
system means :
(A) cnyrh fofue; nj O;oLFkk dh T;k
(A) The flexible exchange rate
system under which the varxZr fofue; nj usgeh cktkj 'kDrha}kjk
exchange rate is always fuf'pr dsyk tkrks-
determined by the market
forces. (B) v'kh fofue; nj O;oLFkk dh
(B) The exchange rate system T;ke/;s fofue; nj fu;kZrnkj ns'kk}kjk
under which the exchange rate fuf'pr dsyk tkrks-
is determined by the exporting
country.
(C) v'kh fofue; nj O;oLFkk dh T;k varxZr
(C) The exchange rate system
fofue; nj O;kikj dj.kkjs ns'k lgerhus
under which the exchange rate fuf'pr djrkr-
is mutually determined by
(D) cnyrh fofue; nj O;oLFkk dh T;k
trading countries.
varxZr fofue; nj usgeh ?kVdkaP;k
(D) The flexible exchange rate
system under which the fdaerhr gks.kkÚ;k rqyukRed cnyka}kjk
exchange rate is always fuf'pr dsyk tkrks-
determined by the relative
change in factor prices. 34. tsaOgk ns'kkP;k pyukph ewY; ?kV gksrs %
34. When a country’s currency (A) ns ' kkph vk;kr o fu;kZ r nks U ghgh
depreciates : ok<rhy
(A) The Country’s Exports and
Imports both will rise
(B) ns ' kkph vk;kr o fu;kZ r nks U ghgh
(B) The Country’s Exports and
?kVrhy
Imports both will fall (C) ns'kkph fu;kZr ok<sy o vk;kr deh
(C) The Country’s Exports will rise gksbZy
and Imports will fall
(D) ns'kkph fu;kZr deh gksbZy o vk;kr
(D) The Country’s Exports will fall
and Imports will rise ok<sy
14
 NOV - 11211/II

35. The ‘J’ curve effect is : 35. ^ts* oÿ ifj.kke Eg.kts %

(A) Net worsening of country’s (A) ewY;?klj.k >kY;keqˇs ns'kkpk O;kikjrksy
trade balance resulting from a
[kkykorks-
depreciation.
(B) Deterioration before a net
(B) ewY;?klj.khpk ifj.kke Eg.kwu O;kikjrksy
improvement in a Country’s lq/kkj.;kiwohZ R;kr ?klj.k gks.ks-
trade balance resulting from a (C) fu;kZrhdfjrk vl.kkÚ;k ekx.khr ?kV
depreciation.
gks.ks-
(C) Fall in demand for exports.
(D) fu;kZr ekx.khrhy ?kVheqˇs ns'kkP;k
(D) Improvement before a
O;kikjrksykl ?klj.k gks.;kiwohZ >kysyh
deterioration in a Country’s
lq/kkj.kk gks;-
trade balance resulting from a
fall in demand for exports. 36. Hkkjrkrhy iz p fyr vUu /kks j .kkckcr
36. Pertaining to India’s current Food [kkyhyiSdh dks.krh fo/kkus cjkscj vkgsr \
Policy, which of the following (1) vUu/kkU;kpk jk[kho lkBk fuekZ.k d:u
statements are true ?
nq"dkˇ Vkˇ.;kps ;kr mfÌ"V vkgs-
(1) It aims at averting of famines
by maintaining a buffer stock (2) vUu/kkU;kl fdQk;r'khj fda e rh
of food grains. feˇkO;kr v'kh [kk=h R;kr visf{kr
(2) It ensures remunerative prices
vkgs-
for food grains. (3) vfrfjDr mRiknu fu;kZr djkos vls
(3) It encourages surplus R;k;ksxs mŸkstu ns.;kr ;srs-
production for more exports.
(4) loZlk/kkj.k fdaer ikrˇh fLFkj jk[kyh
(4) It aims at maintaining general tkoh vls ;kr mfÌ"V vkgs-
price level.
(A) 1, 2 o 4
(A) 1, 2 and 4
(B) 1, 3 and 4
(B) 1, 3 o 4

(C) 2 and 3 (C) 2 o 3

(D) 2 and 4 (D) 2 o 4

15 [P.T.O.
 NOV - 11211/II

37. Match the following correctly and 37. ;ksX; tksMÓk tqˇok vkf.k cjkscj mŸkj
choose the answer from the codes fnysY;k lwphrwu fuoMk %
given below :
(a) NABARD (1) xqnkekalkBh foŸkh; lgk∏;
(a) NABARD (1) Financial Assis-
tance for ware- (b) NCDC (2) œf"k dtkZ p h iq u foZ Ÿ k
housing lsok
(b) NCDC (2) Refinancing agri-
(c) SCARDB (3) œf"k mRiknukaph vkarj&
cultural credit
jkT;h; foÿh
(c) SCARDB (3) Interstate sale of
farm products (d) NAFED (4) Hkw&fodkl
(d) NAFED (4) Land development lwph %
Codes :
(a) (b) (c) (d)
(a) (b) (c) (d)
(A) 2 1 4 3
(A) 2 1 4 3
(B) 1 2 3 4 (B) 1 2 3 4
(C) 4 1 2 3 (C) 4 1 2 3
(D) 3 2 4 1 (D) 3 2 4 1
38. What can you say about the
assertion (a) and reason (r) given
38. [kkyh fnysys fo/kku (a) o dkj.k (r) ;kckcr
below : rqEgh dk; Eg.kky \
Assertion (a) : fo/kku (a) %
Non-performing Assets are a matter Hkkjrkrhy c°fdax {ks=kckcr vdk;Z{ke ekyeŸkk
of major concern to India’s Banking
gh eksBh fparsph ckc vkgs-
Sector.
Reason (r) : dkj.k (r) %
All banks have been focussing on uftdP;k dkˇkr loZ c°dk cMÓk vkS|ksfxd
lending to large business houses in x`gkauk dtZiqjoBk dj.;koj y{k&dsafÊr djhr
recent times. vkgsr-
(A) (a) is correct but (r) is incorrect
(A) (a) lR; vkgs i.k (r) pqdhps vkgs
(B) (a) is incorrect but (r) is correct
(C) Both (a) and (r) are correct and (B) (a) pqdhps vkgs i.k (r) lR; vkgs
(r) is the correct explanation (C) (a) o (r) gs nksUgh lR; vkgsr o (r)
of (a) gs (a) ps cjkscj Li"Vhdj.k vkgs
(D) Both (a) and (r) are correct but
(D) (a) o (r) gs nksUgh lR; vkgsr i.k (r)
(r) is not the correct explanation
of (a) gs (a) ps cjkscj Li"Vhdj.k ukgh
16
 NOV - 11211/II

39. In the context of finance, what is 39. foŸk ;k laKPs ;k lanHkkZr ^csvj* (bear) ;k
the correct meaning of the term
'kCnkus dk; lwfpr gksrs \
‘bear’ :
(A) A person who expects a rise in (A) izfrHkwrhph fdaer ok<.;kph vis{kk
price of a security. vlysyh O;Drh
(B) A person who is a non-voting (B) la;Dq r HkkaMoyh daiuhph th fcxj ernkj
shareholder of a joint stock
Hkkx/kkjd vkgs v'kh O;Drh
company.
(C) A person who expects a fall in (C) izfrHkwrhph fdaer mrj.;kph vis{kk
price of a security. vlysyh O;Drh
(D) A person who wants to borrow (D) leHkkx o jks[ks [kjsnh dj.;klkBh dtZ
for purchasing shares and
bonds.
dk<.;kph bPNk vl.kkjh O;Drh

40. An artificial currency is denoted by 40. [kkyhyiSdh œf=e pyu dks.krs \

which of the following ?
(A) ADR
(A) ADR
(B) SDR
(B) SDR
(C) GDR (C) GDR

(D) ADR and GDR (D) ADR o GDR

41. In the inclusive growth program of 41. Hkkjrkrhy vdjkO;k lekos'kd iapokf"kZd
the 11th Five Year Plan of India,
;kstusP;k dk;Zÿekr [kkyhyiSdh d'kkpk
which of the following was not
included ? lekos'k ukgh \
(A) Reduction in gender inequality (A) fyax fo"kersr ?kV
(B) Strengthening of capital market (B) HkkaMoy cktkjkps l{kehdj.k
(C) Expanding employment
(C) jkstxkj la/khapk foLrkj
opportunities
(D) Reduction in poverty (D) xfjch izek.kkr ?kV
17 [P.T.O.
 NOV - 11211/II

42. When the RBI raises the Cash 42. fj>oZ c°dsdMwu tsOgk jks[k jk[kho xq.kksŸkjkr
Reserve Ratio, it implies that : ok< dsyh tkrs rsOgk %
(A) The RBI shall have less money (A) dtkZ≈ ns.;kl fj>oZ c°dsdMs deh iSlk
to lend f'kYyd jgkrks
(B) The commercial banks shall (B) dtkZ≈ ns.;kl O;kikjh c°dkadMs deh
have less money to lend iSlk f'kYyd jgkrks
(C) The union government shall (C) dtkZ≈ ns.;kl dsaÊ ljdkjdMs deh iSlk
have less money to lend
f'kYyd jgkrks
(D) The government shall print less
(D) ljdkj deh pyukps eqÊ.k djrs
money
43. ,dk oxkZr 25 fo|kFkhZ vkgsr] vFkZ'kkL= ;k
43. There are 25 students in a class.
fo"k;kP;k iz'uif=dse/;s izR;sd fo|kF;kZus
In the paper of Economics each
49 xq.k izkIr dsys vkgsr- v'kk fLFkrhr
one has secured 49 marks. What
izekf.kr fopyukps ewY; [kkyhyiSdh dks.krs
is the value of standard deviation
gksbZy \
in this case ?
(A) 7/5
(A) 7/5
(B) 5/7
(B) 5/7

(C) one
(C) ,d

(D) zero (D) 'kwU;

44. The mean and variance of a 44. f}inh forj.kkph ljkljh vkf.k izpj.k ewY;s
Binomial distribution is equal to : [kkyhyiSdh dks.krh \
(A) np, npq (A) np, npq

(B) npq , n2 p2 (B) npq , n2 p2

(C) n2 p, n2 p2 q2 (C) n2 p, n2 p2 q2

(D) np, npq (D) np, npq

18
 NOV - 11211/II

45. In case of Normal Distribution mean 45. lkekU; forj.kkps ek/; (X)] cgqyd (Mo)
(X), mode (Mo) and Median (M) are vkf.k e/;xk (M) ;kaP;krhy lac/a k [kkyhyiSdh
related as follows :
gksbZy-
(A) Mo > X > M
(A) Mo > X > M
(B) Mo < X < M
(B) Mo < X < M
(C) Mo = X = M
(C) Mo = X = M
(D) X < Mo < M
46. Suppose it is calculated that the (D) X < Mo < M
intercept-a is 4 and the slope-b is 46. letk] ,d Lora= py vlysY;k ,dk fof'k"V
2 for a particular estimating line
izkDdyu js"kslkBh vkUrNsZn&a 4 vkf.k izo.krk
with one independent variable. If
mrkj&b 2 vls dk<ys xsys vkgsr- Lora= pykps
the independent variable has a value
of 2, what value should be expected ewY; 2 vlY;kl] voyafcr pykps visf{kr
for the dependent variable ? ewY; dk; vlsy \
(A) 8 (A) 8
(B) 10 (B) 10
(C) –1 (C) –1
(D) 0
(D) 0
47. A Chi-square value can never be
negative because : 47. dk; LDosvj ewY; d/khp Ω.k vlw 'kdr
ukgh] dkj.k %
(A) Difference between expected
and observed frequencies are (A) visf{kr vkf.k fujhf{kr okjaokfjrkae/khy
squared. rQkorhpk oxZ ?ksryk tkrks-
(B) A negative value would mean (B) Ω.k ewY; vlY;kl] fujhf{kr okjaokfjrkps
that the observed frequencies
ewY; Ω.k gksrs vlk vFkZ gksbZy-
were negative.
(C) The absolute value of the
(C) rQkorha p h fujis { k ew Y ;s dk<yh
differences is computed. tkrkr-
(D) It has symmetrical distribution. (D) R;kps forj.k lefer vlrs-
19 [P.T.O.
 NOV - 11211/II

48. Laspeyres Index has : 48. ykLik;~jsl funsZ'kkadkyk %

(A) upward bias (A) p<rh vfHkurh vkgs
(B) downward bias (B) mrjrh vfHkurh vkgs
(C) no bias (C) dks.krhp vfHkurh ukgh
(D) variations in weights
(D) cnyrs Hkkjkad vkgsr
49. Which of the following is not the
49. iq<hyiSdh dks.krk uequk pkp.khpk ykHk
advantage of sampling ?
ukgh \
(A) saving time
(A) osˇ okpfo.ks
(B) saving cost
(B) O;; okpfo.ks
(C) creating a normative order for
(C) loZO;kid izkpykalkBh izek.kdkuqlkjh
population parameters
ÿe r;kj dj.ks
(D) having estimates for population
(D) loZO;kid izkpykalkBh vankt dk<.ks
parameters
50. 10 o"kk±P;k ,dw.k dkyko/khlkBh 3&o"khZ;
50. How many years of data one can use

for a 3 year moving average for a

ljdrh ljkljh dk<rkuk] fdrh o"kk±ph

total period of 10 years ? vkdMsokjh okijrk ;sbZy \

(A) 10 (A) 10

(B) 9 (B) 9

(C) 8 (C) 8

(D) 7 (D) 7

20
 NOV - 11211/II

ROUGH WORK

21 [P.T.O.
 NOV - 11211/II

ROUGH WORK

22
 Test Booklet No. NOV - 11211/II
iz'uif=dk ÿ- F
Signature of Invigilators
1. .........................................
2. ......................................... Seat No.
Economics (In figures as in Admit Card)
Paper II Seat No. (In words) ............................
NOV - 11211 ..............................................................

Answer Sheet No.

Time Allowed : 75 Minutes] [Maximum Marks : 100
Number of Pages in this Booklet : 24
Instructions for the Candidates ijh{kkFkh±lkBh lwpuk
1. Write your Seat Number in the space
provided on the top of this page. Write
1. ;k ikukojhy ojP;k dksiÚ;kr vkiyk vklu ÿekad
your Answer Sheet No. in the space rlsp vki.kkl fnysY;k mŸkjif=dspk ÿekad
provided for Answer Sheet No. on the R;k[kkyh fygkok-
top of this page. 2. iz'uif=dk ÿekad OMR mŸkjif=dsoj fnysY;k
2. Write and darken Test Booklet No. on
OMR Answer Sheet. jdkU;kr fygwu R;kizek.ks dkˇk djkok-
3. This paper consists of Fifty (50) 3. ;k iz'uif=dsr iÈkkl cgqfuoM iz'u vkgsr-
multiple choice type of questions. 4. izR;sd iz'uklkBh (A), (B), (C) vkf.k (D) v'kh
4. Each item has four alternative
responses marked (A), (B), (C) and (D).
pkj fodYi mŸkjs fnyh vkgsr- R;krhy ;ksX; mŸkjkpk
You have to darken the responses as jdkuk [kkyh n'kZfoY;kizek.ks Bˇdi.ks dkˇk
indicated below on the correct djkok-
response against each item. mnk- A B C D
Example : A B C D
tj (C) gs ;ksX; mŸkj vlsy rj-
Where (C) is the correct response.
5. Your responses to the items for this 5. ;k iz'uif=dsrhy iz'ukaph mŸkjs mŸkjif=dse/;sp
paper are to be indicated on the |kohr- mŸkjkP;k jdkU;ke/;s ( × ) ( ) ( / ) o
Answer Sheet only. Responses like ( × ) vLi"Vi.ks dkˇs dsysys mŸkj xzk· /kjys tk.kkj
( ) ( / ) and light shaded responses
will not be considered/evaluated.
ukgh-
6. Read instructions given inside 6. vkr fnysY;k lwpuk dkˇthiwoZd okpkO;kr-
carefully. 7. dPP;k dkeklkBh iz'uif=dsP;k 'ksoVh dksjs iku
7. One Sheet is attached at the end of the tksMys vkgs-
booklet for rough work.
8. You should return the test booklet and 8. ;k isijph ijh{kk laiY;kuarj iz'uif=dk o
answer sheet both to the invigilator mŸkjif=dk nksUgh i;Zos{kdkauk ijr djkoh- ;krhy
at the end of the paper and should not dks.krkgh dkxn rqeP;k cjkscj ijh{kk dsaÊkckgsj
carry any paper with you outside the
examination hall.
us.;kl lDr eukbZ vkgs-
9. Answers marked on the body of the 9. iz'uif=dsoj n'kZfoysyh mŸkjs riklyh tk.kkj
question paper will not be evaluated. ukghr-
23 [P.T.O.