Fey. SRA Vly - 2015 OO 20863161 feo t rest ory 4, wevongfirerien No. of Pages in Booklet Question Paper Bookiet No. fire al at et / ‘No, of Questions in Booklet SUBJECT CODE ~ 16 150 fare SUBIEC Fesaiced aati RAT: 3.00 aoe acl Time : 3.00 Hours 25 VG arfirarta aie : 300 Maximum Marks : 300 aed get ame ee | wl arate sie oF | as oe eae He SE a8 afer one St aT Fe aoe aE eH SHE | ear er efor oe fed fork ao 1,2, 3, 4 seq for ne | seit at ad ane Bite ae Bat 2 fem we nis sey eae et saccre we het ater wage tra wre EY 6. OMR wee oe ea eel are are ear Lae ora veda gferan tert wt wer om, ah ame oo Bree we a 8 Ba a ais ike ere aE 7. erm are fear kar 1/3 sera | ere See ond gr ant suet at sh wer gw 8 or eee B feed A ner a er 8 aes a on hes vem 30 =e ra oy fs, cn yf a awe axe a wi ava ert lene ae atte wr fe aa mE Yr oe a wet gfioet deny fea Fat see aes or ation & Fe Riffrenetathes eMC METETg ee TTR vee fret rege of 9. sheer er an eter wt ha wir uy pie caf fof finch seme ore eh aie oft eet Sent @ eh gee Seer aretn ere Fema ela a ai to, peat area ia Aer Shear, we we aT HA 3 | rer arear ont ae rere eh Te § sie er tat et aie Fh ee eat ere tt a eR HR eA at re feet oe aid em Fa abst ere aT ere: aire ait sec ee aa aS mT Eat Ie a ake screger arent rt one &, ot au ane & fro Ye rete ao art a fate Psoralea ert ee ferret ance a weer eh ara Fer rer haat & fees ac aaa & Cc : A b fs 5 wie & ey eT >) c TNSTRUCTIONSFORCANDIDATES >) 1. Answer all questions, 2. All questions carry equal marks, 3. Only one answers to be given foreach question, 4. Ifrmore than one answers are marked, it would be treated as ‘wrong answer. '5. Each question hs four alternative responses marked serially 8 1, 2, 3, 4. You have to darkon only one circle or bubble indicating te correct answteron the Ansvter Sheet using BLUE BALLPOINTPEN. ‘6. The OMR Answer Sheet ig inside this Tet Booklet, When you are directed 19 open the Test Booklet, tke out the Answer ‘Sheet end fil inthe particulars carefully with ble ball point pen only, 7, 3 part of the mark(s) ofeach question wil be deducted for each wroog answer. (A srong answer means an incomeet ‘answer or more than one answers for any question. Leaving | all the rlovant circles or bubbles of any question blank will not be considered as wrong answer) 8. The candidate should ensure that Question Paper Booklet No.of the Question Paper Booklet and Answer Sheet must be same after opening the polythene bag/ seal. In ease they are oifferent, a candidate must obtain another Question Paper. Candidate bimself shall be| responsible for ensuring this. 9. Mobile Phone or any other electronic gadget in the ‘exantnation hall is strictly prohibited. A candidate found with | _any of such objectionable material with hither wil be still Seatt as per rules. 10. Piease correctly fill your Roll Number in O.MLR, Sheet. 5 Marks canbe deduced for filing wrong or incomplete Rol Number. 11 If here is any sort of ambiguityfvistnke either of printing or factual nature then out of Hindi and English Version ofthe ‘question, the English Version will be treated as stendard. Warnings Ifa condidare 1s found copying or iFeny wamharived ‘maverial is foued in hsiter possession, FILR. would be lodged ‘agains himiher in the Police Station and hehe would Hable 10 [eo all future examinations. be prosecuted, Deparimem may also debur him/her permanentiy jae SSS = Faas 16 0 [IMU apt Ta ee aN It Te AT AST | Do not open this Test Booklet until you are asked to do ~ ! 4L ‘ere ae eet Fr Fe re Pet awe: (1) Bee ath afte ar Praia Sr (2) Safe ar afore G) sree ar aafrae (4) sate at fat 8 fee arte SER a srorreraar erat aero A ACT () sere ART Q) Fan. ere 8) AN Tee (4) snes, eT ania ome & sagas self amare dy daw ssa at faa Ree H cafirrc Sghte rat SH? P, MU, P, MU, Fram, © FM, P, MU, @ 2 Mu, ® wraaiat caper A itr & Pres oreo A aR « () ae er Pre sotto False Bia alam? | (2) ays eT Hw ST G) Fy aS ait A eT TT ane gan St aeRAT (4) whet at a, Fa ah wer TET are aah eT cin at ota @ Fret cae ay Tae fe es I 2) aoe afer a cco 3 ae 1 @) feat wae aq at ane Fafa ga ar ain gt atta a | (4) sadaa at Capitalism is a system characterised by the following features : (1) Total absence of government role (2) Right to Property (3) Right to Inheritance (4) All the above Who among the following gave the cardinal utility approach to consumer behaviour ? (2) Alfred Marshall Q) LR. Hicks (3) JA. Schumpeter (4) RGD. Allen In respect of ordinal utility approach what would be the «condition for consumer getting maximum satisfaction ? P, MU Pp, MU 1) bent a) teat ® pow, @ P< Mu, P, MU, @) E> ju O Noneof these In economics, demand has the following attributes : (1) Quantity which a consumer buys at a given price. (2) A desire to have a good. (3) A desire to buy and willingness to pay. (4) A desire to buy, willingness to pay, backed by income. Elasticity of demand refers to (1) Responsiveness: of demand to a change in price (2) Responsiveness of demand to 2 change in income (3) Responsiveness of demand to a change in the price of a related product (4) All the above10. 1. cafe X wer Y tye wet & ty at aaa we a ae Xt pT ae TT am? (1) wear a sett 1 QQ) aeag ae Q) wien et @) wea a et | aft ahaa a anf oA oe, dae aay ET arent ag ag an &, at det seq St iT ahatna ate (1) age orf ehh (2) gard a ae HTT G) wre (4) aabrotier eet Fifisa oeq ae & Perea set Cy) Se afer arr saat Bt (yar H ghar a are oe aie 3) Seer a at ft oRaris ee oe ae, watt @& wma ated cyt ftir 3 wach a ford arene A atect var Prato ata ae BP aM @ sir @) ateaat @) Rar aes fee at Gere “ugh & er at he ve areata elo” Pee a A were GE? (1) 1677 (2) 1167 (@) 1776 (4) 1676 cafe aneti at amt cer shetfret anftertia é, aa X haere a gi Te Gen ae at weT Set am? (1) ae apr fag eee eh (2) He Rares ever Barer as eT | G) ae aft er | @) aeaear caraga eT | = 10. 11. Given that X and Y are two complementary goods, if price of Y falls, how would demand for X change ? (1). Te will fal. (2) twill increase. (3) It will remain constant. (4) It will become zero. If with a fall in price, expenditure on the good increases, price elasticity of such product will be (1) very high 3) zero (2) less than unity (4) Indeterminate Giffin good is that product whose demand (1). Rises with increase in price (2) Falls with increase in price (3) Remains unchanged with any change in prices (4) None of the above Under perfect competition, who decides the price in the market for firms 7 (1) Firms * (2) Industry (3) Buyers (4) Government Adam Smith’s book “An Enquiry into the nature and causes of Wealth of Nations” published in the year (1) 1677 (2) 1767 (@) 1776 (4) 1676 If resource endowments and technology remain unchanged, and output of X increases, what would be the shape of production possibility curve ? (1) It will be concave to the origin. (2) It will be linearly downward sloping. (3) Tt will be horizontal, G) It will be positively sloped.13. 16. robe HSI A FE BA HE BET () Mares ates erat (LAC) = ‘tam LAC=LMC (2) Seeeret attea Ta (LAC) AER ‘eT LMC> LAC 3) LMC=paH WaT LMC < LAC (@) LAC wa LMc tri pt & 1 apt free rere at ag ear & Foret () Bite dor age aie a Q) wh i ret aegt aart @Q) Wet ar de Pate at (4) satan wi et get et a wees St aftacaater ars Pete aha aafirer set ele F? (1) Hae Ie (QQ) eRe ert @) feist arr @) wt frofafer #8 se a a ae ord aH? (1) ae fate ar ear are t | Q) WaT aT eH AEE | (3) ae Sar Beara er sree & @) ae wate grat ar sree er ogres Sor aa ar ed dl BA? (1) BEER BET | (2) we ar Far eet I GB) Bae eT TEIN Fe FEU A ET | 4) meat af sit 8 dat ar wari wom 4 12. 13, 14, 15. 16. In economics, optimum scale of production implies that level of output where (4) Long Run Average Cost (LAC) is minimum and LAC = LMC LAC is minimum and LMC > LAC LMC is minimum and LMC < LAC Both LAC and LMC are minimum @) @) a Perfect competition is- that market situation in which () There are large number of firms. Q) All firms produce identical products. (3). Entry of new firms is unrestricted. (4) All the above conditions prevail, ‘Which of the following is not included in the variable cost of production ? (1) Exeise duty (2) Transportation cost (3) Interest on fixed capital (4) Wages ‘Among the following which is not an important function of money ? (1) It is a medium of exchange. Q) Itis a measure of value. (3) Itis a basis of banking operations. () tis a mode of deferred payments. Which is not a function of a commercial bank ? (1) Creation of credit 2) Control of credit () Lending funds for trade and industry (4) Clearing cheques on behalf of customers 16i. 20. ree & ger oftart fear a, Fert a HT BT aeteHeT ART ST Yfel Set SIT BAT ee qa Mv Q) MV @) MV+M'V" (4) sae & ore atdt wer def a oe ort feat st seat & teres er at Fra cree &: () Were ae Ff ater Use ea oT anfireer Q) wer aa fae ye wT 3) UST a Te Yet A) War Fae eT Sar Be re Ure at Pres are () wat ara areata a ale a wat Q) Prati at ofa ae Prreerer wt & 1 Q) eat erate orien oar 1 @) arena wT S emt frat sre & watt wat ager a steer Fra we a ‘favor sre: () FG A eae, aR ANE, ser ‘Brera wen ahs See Q) FAR SR, aE STI ae Fst vant at ye art 1 3) Prat, omar, ae Wee Ter ‘sarees 3 44) Prats, arara, ar were, free ‘yeaa Frater cen sear Sit Prater 19. 20. Which of the following equation depicts supply of money in the Fisher’s quantity theory of money ? a Mw @ Mv @) MV+M'V" (4) Currency with public and deposits with banks Revenue deficit of any government depicts the following : (1) Excess of revenue expenditure over revenue receipts. (2) Net Borrowing of the government (3) Revenue expenditure plus net borrowing @) Overall deficit of the government Deficit balance of trade in India implies that (1) Our imports are consistently lower than exports. 2) Growth rate of exports has been dismal: 3) Our - trading dominant. (4) Consistently our exports have been lower than imports, partners are Balance of Payments of a country is computed on the basis of (1) Merchandise trade, invisible trade, extemal assistance and banking transactions. (2) Merchandise trade, invisible trade and .net transaction on capital account. (3) Exports, imports, extemal assistance and” Commercial borrowings. (4) Exports, imports, extemal assistance, FDI and portfolio investment,2. 25, 2011-12 # sre H wat at tar B Pert aftraat rat et 7 (1) 37.2 afer (2) 30.0 HfererT (3) 21,9nfeeRt (4) 17.5 fever feat ta 4 fawrmai er aa aa aq ST “ah afc gear at eh? Q) Fett pie (2) Brera Ferrer fait (3) SAP arg @) ra aa sme a aneat daadia aise 4 fare Baec & fere aaltice amen fever rat b7 (1) array Sart (2) at (3) Bis cer ater fare (4) seit rer act starfire ae at Pret mere Sire Fa sat: (Dae at doit ar er Bey Q) fear auier sicaeit 7 wales arte act teat G3) Wi wis art der 3 atta | (4) whaiel or ga aT agra ag Ger tat (1) ACR wee ate (2) sanfote: rer sit ster sre a Q) araht ar tanferta art 1 (4), Pratt Sot aor ore Farge 1 ween aie sect & fae ater H Rett Aw wee in oe A art eT Bt sare # fernfire Rear ot wee & (1) Prove were er are wT QQ) Shr wera cer wfreNTs THT Q) wien were ser ST TT (4) Pret were wer fre wT 24. 25. Percentage of _ population below poverty Tine in India in 2011-12 was (1) 37.2 percent (2) 30.0 percent (3) 21.9 percent (4) 17.5 percent Which measure is used to analyse the extent of inequalities in any country ? (1) Gini coefficient (2) Normal distribution method (3) Probability ratio (4) None of these Which sector has been given the highest allocation in India’s XII Five Year Plan ? (1) Social services (2) Energy . 3) Agriculture and Rural Development (4) Industries and Minerals Atithmetic average may be defined as (2) Mid-point in a series of data (2) In case of unequal class intervals, it is the most repeated score (3) Sum total of all data divided by number (4) Sum total of all data ‘Mode refers to that score which (1) Appears most frequently (2) Arithmetic mean weighted by number 3) Geometric measure of frequency (4) Mid-point of a series The Slutsky theorem suggests that the impact of price change.on demand can be decomposed into (1) Neutral effect and income effect (2) Price effect and substitution effect (3) Substitution effect and income effect, (4) Neutral effect and substitution effect 1628. 30. ae are ciifing fis D wen S ware; Hirt aT ‘aft at one & tocar stair ar ates safe t+ 1 Geb ~ 1 set cer Pare aret t voles & 1 Hier cer fer a StereeTT HET TET ER ET? () D,= (Py. FPF s, = 1P,_) @) D,=fP), 74S, =P) QB) Di = HP), FAS, = FP) Dy = APL, TARRS, | = APD wh tea & nagar aan A er sore & anpphart arr ahh & () Sarit & wie faierst & ae fant | (2) Padrerait eR aRH Greet F Arte @) Bai st fate fase & fee ‘fas were 4 (4) sea ait fre 2 @ feet aoctanr ore by eet aire aReareren a wera fare? () axa ar Q) frger mists @ Sarat (4) Ser att apr at et We aaT at ate at aie Piz aad 82. () setererer t caerefaen aie ar are Q) sherk ae aearreet 9 (3) auftras fae or a @ Bae 27, 28. Assushing that D and § are respectively quantities of demand and supply while - t refers to present period, t- 1 andt +1 respectively refer to previous and future periods. Lagged functions of D and S$ will be as follows : (P,), while 3) Dia, =P), while S, =P) (4) D,_, = f(P,_ ,), while S,,., = {PY Acoording to Joan Robinson, a market has imperfections on account of (1) Different attitudes of sellers for buyers (2) Different facilities offered by sellers (3) Different preferences of buyers for sellers (4) All the above Who propounded the Permanent Income Hypothesis of consumer behaviour ? (1) JM. Keynes 2) Milton Friedman (3) Duesenberry (4) James Tobin Which type of demand for money depends on rate of interest ? (1) Level of fransaction in the economy. (2) Demand for . emergent needs (3) Level of economic development (4) Level of speculation futurea. 32. 33. Prafetiad & @ feet arnieia carne & | 31. fort areca care feat sr ferret fever? (1) Sa ferret @) stra. fret 3) ait tactz @) Raaee cer ateter a tel 3 me era at wet ar Pracor ee wer eae: () arate aviert at der wet at ae 2) Wee Bene aT TT (3) steers aR ter wet & STE TT G) arrifrtit a sitet ste cer ararPalt = sitar aerat a aR ‘aiel diget a mere ATT E (1) sebaaer tpt ere Q) sere Yas are sa Ge are 1 G) Bae Ferg eT a eat wort @ a sit pt weyet F fer wfereenat Ete | as Somer wehereT ET eia B APH (1) Py XPig=1 (2) Poy x Pip Pag =1 EP,Q, (8) Pos Qu “FP, 4) Py XQ =1 2014 & dat ae we AR & ew Tg a ‘walfras reer fetal rae area gant 2 () PRAT 2) Reet 3) Fries (4) Fare 32: 33. 35. Who among the following propounded the opportunity cost theory of, international trade ? (1) David Ricardo (2) 3S. Mill (3) G. Haberler (4) Heckscher and Ohlin Terms of trade between two countries are determined by (1) Bargaining power of the two trading partners, (2) Mutual considerations. (3) Conditions laid down by UNCTAD. (4) Average prices of imports/exports and average quantities of imports and exports. ‘The incorrect assumption of the Solow Model is (1) There is fall employment in the economy. (2) Production is under linear homogenous production function. @) Flexible system of price wage interest. (4) Labour and capital are not substitutable for each other. Factor reversal test is satisfied when (2) Po XPyo=! Q) Poy xPi2X Pao 1 =P,Q; @) Por Qo Ep, 4) Pop X Qo) = E Which state of India has received ‘highest amount of FDI since 2014 ? (1). Gujarat (2) Delhi (3) Kamataka (4) Maharashtra 1636, 37. 38. ar Oct a gram ame a fer carrera a eee Fear Tare: () f& weet at servant tafe tq Se Shei cer sdeaet ar eect rer eT | (2) Pe gee st Frag wer ares sistl at aia sae ait G) fe gre care w state ae TAT ‘phtrreen carat ar agar et we (4) fe gue aa oe dan Faq ne sat ar arab we | ‘wet Ot weak cette phie aT (A) eT Wye Rea ert? () pee St saat sar at efor aT ‘feet t @® we te 8 ere at daar a ‘Sree afar ta 1 (3) eet at aah. Freier ater arent ‘Cfanors at aie SH | @) prt & te Se seat & feet ware a FaTeeT | UDAY #1 at F2 (1) aaa Pacer safest Q) Sram foesia sreares aT G) sae we, fee, sree eT aster sat are 4) wrt a aid si set Seda ae wet oem Shere a sift sar Pies at a eta Ss () ee 2) tate, She ae Ta @) Sera @) Read crea 36. 37. 39. Organic farming in India is based on the following premises : (1) that productivity of crops will be mised via HYV seeds and fertilizers. that assured irrigation and better seeds will be available to farmers. that farmers will avoid using nutrients and pesticides based on chemicals. farmers will use farm grown manure. @) @) @) ‘What has been the main objective of recent National Agricultural Market (NAM)? (1) To offer fair prices to farmers for their produce. To set up an appropriate e-market for farmers across the country. To provide e-marketing facility to farmers in selected regulated wholesale markets. To distribute the benefits among farmers for their welfare. Q) eB a What does UDAY refer to? (1) United Distribution Authority (2) Ujjwal Discom Assurance Yojana” 3) Consortium of states like U.P., Delhi, Assam and Odisha (4) None of the above Highest share of subsidies given by Central Govemment is given for () Fertilizers (2) Petrol, Diesel and LPG (3) Food security (4) Education and Health