54 Regi■tration No.

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QUESTION PAPER

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SERIES CODE Centre or Exam.

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Name or Candidate

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Signature of Invigilator

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ENTRANCE EXAMINATION, 2016

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M.A. ECONOMICS (with specialization in World Economy)
( Field of Study Code : EILM (2021 ]

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Maximum Marks : 100

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Time Allowed : 3 hours

INSTRUCTIONS FOR CANDIDATES

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Candidates must read carefully the following instructions before attempting the Question Paper :
(i) Write your Name and Registration Number in the space provided for the purpose on the top of this
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Question Paper and in the Answer Sheet.
(ii) Plea■e darken the appropriate Circle of Question Paper Serie■ Code on the Answer Sheet.
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(iii) All questions are compulsory.

(iv) Answer all 50 (fifty) questions in the Answer Sheet provided for the purpose by darkening the correct
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choice, i.e., (a) or (b) or (c) or (d) with BALLPOINT PEN only against the corresponding circle. Any
overwriting or alteration will be treated as wrong answer.
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(v) 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.
(vii) Calculators may be used.
(viii) Please use the space provided for Rough Work.
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(ix) Return the Question Paper and Answer Sheet to the Invigilator at the end of the Entrance Examination.
DO NOT FOLD THE ANSWER SHEET.
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INSTRUCTIONS FOR MARKING ANSWERS

1. Use only Blue/Black Ballpoint Pen (do not use pencil) to darken the appropriate 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 allowed.
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5. Please do not make any stray marks on the Answer Sheet.

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

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 37. In the Heckscher-Ohlin world, international trade in commodities will lead to
equalization of relative and absolute factor prices provided there is

(a) perfect competition in commodity and factor markets

(b) technologies of production which are identical across countries

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(c) constant returns to scale in production of all commodities

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( d) All of the above

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38. When a small capital-abundant country (exporting the capit al-intensive commodity)
imposes an import tariff on the labor-intensive commodity, then

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(a) owners of capital experience in a loss in earnings

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(b) wage of the labor increases

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(c) Both (a) and (b)
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(d) None of the above

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SPACE FOR ROUGH WORK

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