54 Registration No.

QUESTION PAPER
SERIES CODE
Centre of Exam.

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A

77
Name or Candidate

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Signature of Invigilator

ENTRANCE EXAMINATION, 2015

88
M.A. ECONOMICS (with speci~isation in the World Economy)

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[ Field of Study Code : Ell.M 1202) ]

Time Allowed : 3 hours

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Maximum Marks : 100

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INSTRUCTIONS FOR CANDIDATES
Candidates must read carefully the following instructions before attempting the Question Paper :
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(i) Write your Name and Registration Number in the space provided for the purpose on the top of this
Question Paper and in the Answer Sheet.
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(ii) Please darken the appropriate Circle of Question Paper Series Code on the Answer Sheet.
(iii) All questions are compulsory.
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(iv) Answer all 50 (fifty) questions in the Answer Sheet provided for the purpose by darkening the correct
choice, i.e., (a) or (b) or (c) or (di with BALLPOINT PEN only against the corresponding circle. Any
overwriting or alteration will be treated as wrong answer.
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M Each correct answer carries 2 (two) marks. There will be negative marking and 1 mark will be deducted
for each wrong answer.
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(vi) Answer written by the candidates inside the Question Paper will not be evaluated.
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(vii) Calculators may be used .

(viii) Please use the space provided for Rough Work.
(ix) Return the Question Paper and Answer Sheet to the Invigilator at the end of the Entrance Examination.
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DO NOT FOLD THE ANSWER SHEET.

INSTRUCTIONS FOR MARKING ANSWERS
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l. Use only Blue/Black Ballpoint Pen (do not use pencil) to darken the appropria te Circle.
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2. Please darken the whole Circle.

3. Darken ONLY ONE CIRCLE for each question as shown in example below :
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Wrong Wrong Wrong Wrong Correct .

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4. Once marked, no change in the answer is aJlowed.

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5. Please do not make any stray marks on the Answe r Sheet.

6. Pkase do not do any rough work on the Answer Sheet.
7. Mark your answer only in the appropriate space against the number corres ponding to the question.
8. Ensure that you have darkened the appropriate Circle of Question Paper Series Code on the
Answer Sheet.

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 15. Consider the offer curve below where home exports are shown in the horizontal axis and
the home imports are shown in the vertical axis
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0 B C

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The elasticity of the import demand then is

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(a) OC /OB

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(b) OB/ BC

(c) OC / BC

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(d) None of the above

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16.
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A trade diverting custom union is necessarily welfare decreasing for a country, if the
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custom union formation allows for
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(a) consumption and production substitution possibilities

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(b) only consumption substitution

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(c) no consumption and production substitution

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(d) only production substitution

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SPACE FOR ROUGH WORK

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