JNU MA ECO PYQ 2014-21 by NviNomics

30 Reglatratlon No.
QUESTION PAPER Centre of Exam. :

SERIES CODE
Name of CUdldate :
A
Sipature of InviliJator
ENTRANCE EXAMINATION, 2017
M.A. ECONOMICS
[ Field of Study Code : ECOM (216) )
Time Allowed : 3 hours Maximum Marks : I 00
INSTRUCTIONS FOR CANDIDATES
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
Question Paper and in the Answer Sheet.
(ii) Please darken the appropriate circle of the Queotlon Paper Serle• COde on the OMR Sheet with a
BALLPOINT PEN. Any overwriting or alteration will be treated as wrong answer.
(iii) The question paper has two parts : Section-A and Section-B. Marks obtained in Section-A will be used
for shortlisting candidates for whom answers for Section-S will be evaluated. Final selection will be on the
basis of total marks obtained in Section-A and Section-B.
(iv) Section-A, in tum, has two parts : Section-Al and Section-A2. Section-Al has 30 questions, each
carrying 1 mark. Section-A2 has 10 questions, each carrying 2 marks.
(v) Answer ALL the questions of Section-Al and Section-A2 in the OMR Sheet provided for the purpose by
darkening the correct choice, i.e., (a) or (b) or (c) or (d) with a BALLPOINT PEN only against the
corresponding circle. Any overwriting or alteration will be treated as wrong answer.
(vi) There will be neptive marking and for each wrong anower, 1/4 mark would be deducted for 1 mark
queotlouo (in Section-Al) and 1/2 mark would be deducted for 2 mark queatlouo (in Sectlon-A2).
(vii) Answers for Section-S should be written in the Question Paper itself in the space provided with each
question.
(viii) Pages at the end have been provided for Rough Work.
{ix) Return the Question Paper and Answer Sheet to the Invigilator at the end of the Entrance Examination.
DO NOT FOLD THE ANSWER SHEET.
INSTRUCTIONS FOR MAIUWIG ANSWERS
1. Use only Blue/Black Ballpoint Pen (do not us< pencil) to darken the appropriate Circle.
2. Please darken the whole Circle.
3. Darken ONLY ONE CIRCLE for each question as shown in example below ·
Wrong Wrong Wrong Wrong Correct

O<IV©O ~<h)@@ ~<IV©@ ®<IV©O ®<IV©O
4. Once marked, no change m the answer 1s allowed.
5. Please do not make any stray marks on the Answer Sheet.
6. Do rough work only on the pages provided for this purpose.
7. Mark your answer only in the appropriate space against the number corresponding to the question.
s. Euoure that you have darkened the appropriate Circle of Queotion Paper Series Code on the
Anower Sheet.
/30-A
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SECTION-A
Section-Al
Question Nos. 1-30 carry 1 mark each. For each wrong answer,
1/4 mark will be deducted.
1. Demonetisation refers to
(a) the shift from cash money-based to non-cash money-based means of transacting
(b) the de-recognition by the central bank of some currency notes as legal tender
(c) the declaration of some currency notes as counterfeit or the result of corrupt
practices
(d) the physical removal of some currency notes from circulation
2. X is a random variable that takes the values {i) I with probability p and (ii) -I with
probability (1- p). Assume that 0 < p < L Let Y = X 2 . Which one of the following
statements is true?
(a) The mean of Y is (2p . 1) 2 .
(b) The variance of Y is zero.
(c) The variance of Y depends on the value of p.
(d) None of the above
3. X is a random variable \\;th mean equal to 1 and variance equal to 9. Let Y - 3 x X+ 6

and W- -3 x X+ 6. Which one of the following statements is true?
(a) The covariance of Wand Y cannot be calculated from the given information.
(b) The covariance of W and Y is equal to ·-9.
(c) The correlation coefficient of Wand Y is equal to - I.
(d) The correlation coefficient of W and Y is equal to I.
4. The correlation coefficient of X andY is known to be zero. We can then conclude that
(a) X and Y are independent random variables
(b) X and Y are identically distributed
(c) there exists no linear relationship between X and Y
/30-A 3 { P.T.O.
Direction : Answer Question Nos. 5-7 on the basis of the following :
Random variable X can take two values : 1 and 2. Random variable Y can take three
values : 1, 2 and 3. The joint probability distribution of X, Y is given by f (x, y) ~ k x x x y, where
x ~ I, 2 and y ~ I, 2, 3.
5. What is the value of k?
(a) 1/6
(b) 1/9
(c) 1/18
(d) 1/21
6. What is the probability that random variable X takes the value 2?
(a) 2/3
(b) 1/3
(c) 1.12
(d) 3/4
7. What is the expected value of the random variable Y?
(a) 2
(b) 7!3
(c) 4/3
(d) 3/2
/30-A
4
'
8. A and B are two events. Be is the complement of B. It is known that (i) P(A), the
probability of event A, is I /3 and (ii) P(~), the probability of event Be, is 1/5. Which
one of the following statements is certainly true?
(a) A and B are independent events.
(b) A and Bare disjoint (i.e., mutually exclusive) events.
(c) A is a subset of B.
9. A and Bare events. P(A), the probability of event A, is strictly greater than 0. P(B), the
probability of event B, is strictly greater than 0. A and Bare independent events. Be is
the complement of B. Ae is the complement of A. Which one of the following statements
is certainly true?
(a) The intersection of A and B is the null set.
(b) Events A and Be cannot be independent.
(c) Events A c and Be are independent.
10. Let x : 2% of 0·03. Let y: x J100. Then, y is equal to
(a) 6 x 10 4
(b) 0·0006
(c) 0·00006
(d) 0·000006
/30-A 5 [ P.T.O.
11. Th~ initial wealth of a person is ~ x. It is known that wealth doubles every two years.
50 years after the initial point of time, the person's wealth equals ~ 10 lakhs. When was
the person's wealth equal to ~ 5 lakhs?
(a) 25 years after the initial point of time
(b) 24 years after the initial point of time
(c) The answer depends on the value of x
12. Four students A, B, C and D took a test. The average score of A and D is 85, that of C
and Dis 90, and that of Band Cis 75. What is the average score of A and B?
(a) 70
(b) 75
(c) 80
(d) 85
13. A function f(·) satisfies the following two properties :
(i) f (1) = 1
(ii) f (a) = (a - 1) x f (a - 1)
where a is any positive real number. Assume that n is a positive integer. Whlch one of
the following statements is certainly true?
(a) f (n) = (n- I)
(b) f(n) = (n- I)!
(c) f(n) = nx(n-1)
(d) f (n) cannot be computed from the information given
/30-A
6
14. Consider the following quadratic function of t :
f(t) =a+ b x t +ex t 2
where a, b, c and tare real numbers. It is known that for all values oft, f(t);:: 0. A real
number x is called a root of the function f if it satisfies the condition f (x) = 0. Which
one of the following statements is certainly true?
(a) The function f has exactly two roots.

(b) The function f has no roots.
(c) The function f has exactly one root.
(d) The function f has at most one root.
15. Consider the function f {x) = x f ex. Which one of the following statements is true?
(a) There is no value of x such that f' (x) = 0

(b) f' (x) > 0 for all values of x
(c) f' (x) S 0 for all values of x
16. The number p solves the following equation :
J: e xdx
2
= 1
What is the value of p?
(a) 0
(b) (1 /2) x In 3
(c) ln2
(d) (1/2) X ln(3/2)
17. Angle e is an acute angle and sin9= 11{14. What is the value of4cos9?
(a) 3(14
(b) J3{14
(c) .j(3 j 14)

(d) 10xJ3J7
/30-A 7 [P.T.O.
18. If x and y are both even numbers, which of the following could be an odd integer?
(c) (x + 1) x (y + 1) - 1
2
19. In the standard (x, y) coordinate plane, the graph of (x + 3) 2 + (y+ 5) = 16 is a circle.
What is the circumference of the circle, expressed in coordinate units?
(a) 47!
(b) 57!
(c) 37!
(d) 87!
20. A person's total spending on grapes rises when the price falls from f 2 per kg to
~ 1 per kg. What can we say about the person's demand for grapes?
(a) Elasticity of demand (in absolute values) is greater than 1
(b) Elasticity of demand (in absolute values) is less than 1
(c) Demand is unit elastic
(d) Demand is inelastic
21. Economy A and Economy B have constant rates of unemployment over time, these
being 5% and 10% respectively. The exponential rate of growth of aggregate output in
A is a constant 4% and that in B is a constant 8%. The exponential rate of growth of
labour productivity in A is 2% and that in B is 4%. Which economy must be having the
higher rate of growth of labour force over time?
(a) A
(b) B
(c) Both A and B have the same rate
(d) Information provided is insufficient to answer the question
/30-A 8
22. If the aggregate currency with the public reduces and total demand deposits increase by
exactly the same amount, the aggregate money supply in the economy would
(a) go up
(b) come down
(c) remain unchanged
23. In a barter economy, if a farmer exchanges 100 units of com for a fish from a
fisherman, and if the fisherman keeps 50 units of com for his own consumption and
exchanges 50 units of com and a fish to buy a piece of cloth from the weaver, then what
is the price of the cloth in terms of com?
(a) 100
(b) 200
(c) 50
(d) 150
24. In a world with only three countries (A, B and C), if countries A and B have trade
surpluses, then which of the following can be said (assume exports and imports are
both valued fob)?
(a) C must necessarily have a current account deficit
(b) C 's trade is balanced
(c) If C has a current account surplus, it must necessarily have a surplus in its
invisibles balance
(d) C could also have a trade surplus
/30-A 9 [ P.T.O.
25. If the GDP of a country in a year is ~ 1,000, its NDP is ~ 950 and the expenditures on
machinery and equipment, and construction are { 150 and { 100 respectively, then what
would be its Net Fixed Capital Formation in the year?
(a) { 150
(b) {200
(c) ~ 250
(d) Cannot be determined without knowing the change in stocks
26. If a country has a surplus in the capital account of its balance of payments, then its
foreign exchange reserves
(a) must necessarily decline
(b) must necessarily increase
(c) would remain unchanged
27. In an economy where all employment is wage employment, what will happen to the
share of wages in value added if the productivity of labour increases by 10 percent while
the annual average real wage goes up by 8 percent?
(a) It will necessarily come down
(b) It will remain unchanged
(c) It will increase
(d) Cannot be determined without knowing what happens to employment
/30-A 10
28. Suppose that consumers' preferences satisfy completeness, continuity, transitivity,
reflexivity and strong monotonicity. Furthermore, assume that X is a normal good, Y is
an inferior good and that the pnce of good Y increases. Then, which of the following
effects is known with certainty?
(a) The income and substitution effect will reinforce one another leading to an overall
decrease in the consumption of good X
(b) The income and substitution effect will reinforce one another leading to an overall
increase in the consumption of good Y
(c) The income and substitution effect w!ll reinforce one another leading to an overall
increase in the consumption of good X
(d) The income and substitution effect will have competing effects leading to an
indeterminate impact on the consumption of good Y
29. Amit inherits ~ 10,000 from a rich uncle. It is observed that even though there have
been no change in prices, he continues to eat the same number of Gulab Jamuns per
day. Which one of the following statements is necessarily true?
(a) Gulab Jamuns are Giffen goods for Amit.
(b) Amtt's Engel curve for Gulab Jamuns is vertical.
(c) Amit's preferences are not homothetic.
30. Which one of the following statements is necessarily true?
(a) A monopolist always operates on the inelastic portion of the demand curve it faces.
(b) If a monopolist can charge different prices in two different markets, then it would
tend to charge the lower price in the market with the less elastic demand.
(c) The level of output produced by a perfectly price-discriminating monopolist ts

efficient.
/30-A 11 I P.T.O.
Section-A2
Question Nos. 31-40 carry 2 marks each. For each wrong answer, 1/2 mark will be deducted:
31. In a closed economy with unutilised capacity, if the investment rate remains unchanged
and savings amount to 20 percent of GOP, an increase in the government's fiscal deficit
by 100 units will cause economic activity to increase by
(a) 100 units
(b) 120 units
(c) 200 units
(d) 500 units
32. In an open economy with unutilised capacity, if the investment rate remains
unchanged, savings amount to 20 percent of GOP and imports account for 30 percent
of GOP, an increase in the fiscal deficit by 100 units will cause economic activity to
increase by
(a) 70 units
(b) 100 units
(c) 200 units
(d) 300 units
33. Suppose an economy's real output in 2015 was 10 percent below its maximum
potential output while in the next year it was only 5 percent less. If net investment was
positive and the size of the labour force also increased, then one can say that the
increase in output in 2016 over that in 2015 was
(a) exactly 5 percent
(b) more than 5 percent
(c) less than 5 percent
(d) below 10 percent
/30-A 12
34. An economy's real GDP per capita in a year was 50 percent greater than a decade
earlier and its population grew by 20 percent over the same period. If that economy did
not experience a decline in its price level in any year, then the minimum increase in its
nominal GDP over the decade had to be
(a) 20 percent
(b) 50 percent
(c) 70 percent
(d) 80 percent
35. Suppose that the currency in circulation in India at the time from which the legal
tender status of the old 500 and 1000 rupee notes stood withdrawn was ~ 18 lakh
crores. If over the next 15 days, the public deposited~ 7 lakh crores of invalid currency
with banks and withdrew~ 2 lakh crores of new currency while banks deposited ~ 6 lakh
crores with the RBI, then the currency in circulation at the end of that period would
have been (assuming no other transactions which could have influenced it)
(a) ~ 12 lakh crores
(b) ~ II lakh crores
(c) ~ 13 lakh crores
(d) Cannot be determined
36. Consider the statements I and II and choose the correct option :
I. If the incomes of some people in an economy grow faster than that of others, the
level of income inequality rises.
II. If the level of income inequality in an economy rises, the incomes of some people
grow faster than that of others.
(a) Both I and II are always true
(b) I is always true while II is sometimes true
(c) 1 is sometimes true while 1! is always true
(d) Both I and 1! are sometimes true
/30-A 13 [ P.T.O.
A monopolist claims that his profit-maximising quantity is 10 a~d the resultant market
37.
price is 5. What is the price elasticity of demand for the fmn s product?
(a) -1· 5
(b) -2·0
(c) -0·5
(d) Cannot be determined
38. Line L passes through the points (-2, 0) and (0, k). Line L 2 passes through the points
1
(4, O) and (6, 2). What value of k makes the two lines parallel?
(a) 1/2
(b) -2
(c) 2
(d) -1/2
39. If log 4 (x) ~ 12, then log 2 (x /4) is equal to
(a) 11
(b) 48
(c) -12
(d) 22
40. A consumer's preference over commodities 1 and 2 can be represented by the utility
function U (x 1, x 2 ) ~ x 1 + x 2 . Suppose the price of commodity 1 changes. Which of the
following statements is certainly correct?
(a) There is no income effect on the demand for commodity I.
(b) There is no substitution effect on the demand for commodity I.
(c) There is no substitution effect on the demand for commodity 1 if the cheaper good
remains cheaper after the price change.
(d) There is no income effect on the demand for commodity 1 if the cheaper good
remains cheaper after the price change.
/30-A 14
SECTJON-B
Attempt any oeven questions out of Question Nos. 41-49

Each question carries 5 marks
Question No. 50, which carries 15 marks, is compulsory
41. Consider a closed economy without government spending or taxes. The equilibrium
value of output in each period is determined by the equality of (the value of) output and
expenditure. Saving in period t is given by S(t) = s · Y (t) and investment expenditure in
period t + 1 is given by I (t + 1) = a + b · Y (t), for all values of t. a is a positive constant, s
and b are positive constants less than unity and Y(t) is the value of output in period t.
What relation must hold between the values of s and b for there to exist a value of
output in this economy, which once achieved in a time period will continue to persist in
subsequent periods of time?
15 \ P.T.O.
/30-A
42. Consider an economy in which loans can be of two kinds. Loans may be made and
repaid in terms of gold or they may be made and repaid in terms of cash. Suppose all
markets are perfectly competitive, which also implies that there are no costs of
transacting in markets. In the current period, a loan of 140 gm of gold has to be repaid
in the next period with interest of 7 gm of gold, a loan of~ 120 has to be repaid with
interest of~ 18 and all lenders and borrowers are indifferent between gold loans and
cash loans. What is the expected percentage rise in the rupee price of gold next period?
16
43. In a two-good world, a consumer's utility function is given by the following :
U (x, y, =max {x, yj, where x and y are the amounts consumed of the first and second
goods respectively. The price of each of the two goods is t 2 per unit. The consumer's
income is t 100. Draw the consumer's indifference curves and fmd out his
utility-maximising consumption bundle(s).
/30-A 17 [ P.T.O.
44. The production sector of a closed economy consists of only two finns, A and B, which
produce products x and y respectively. x is exclusively an intermediate good and the
only intermediate used in the production of both x and y, while y is the final good. The
unit prices of x and yare t 5 and~ 10 respectively. The stocks of unused or unsold x and
y held by the two ftrms at the beginning and at the end of the year are given in the table
below:
Stocks at Year Stocks at Year End (no.

Beginning (no. of units) of units)
X y X y
Firm A 20 0 25 0
Firm B 10 10 20 20
lffmn Bs sales in the year are t 10,000, determine the economy's GDP in that year.
/30-A 18
45. Teji Singh likes peanut butter and jelly together in his sandwiches. However, Teji is very
particular about the proportions of peanut butter and jelly. Specifically, Teji must have
2 scoops of jelly with each 1 scoop of peanut butter. The cost of scoops of peanut butter
and jelly are ~0·50 and t 0·20 respectively. Teji has f9 each week to spend on peanut
butter and jelly. (You can assume that Teji's mother provides the bread for the
sandwiches.) IfTeji is maximising his utility subject to his budget constraint, how many
scoops of peanut butter and jelly should he buy?
/30-A 19 I P.T.O.
1
• 1
46. Compute h2 x2 + 2x + 1 dx.
X
1
/30-A 20
1
1
I
47. Suppose a monopolist faces the following inverse demand function :
p =e-·Q
The monopolist can produce any positive level of output with zero variable cost. Its fixed
cost is F. Find the profit-maximising output for two cases (i) when F = 0 · 1 and (ii) when
F= 0·5.
/30-A 21 I P.T.O.
48. Find the global maximum off (x) = x 3 - 3x in the interval (-2, 3].
/30-A
22
49. a and bare real numbers. If a< b + E for all real numbers E > 0, then show that a :s; b.
/30-A 23 [ P.T.O.
50. Answer any one of the following in not more than 500 words :
(a) When President Trump of the United States says that he will create an economic
recovery in the US by lowering tax rates and increasing military and infrastructure
spending, what is the economic argument he is relying upon? What are the
assumptions of this argument?
(b) Can a reduction in currency held with the public cause a decline in economic
activity in an economy like that of India? Explain your answer.
(c) Critically examine the argument that a fiscal deficit necessarily has the effect of
crowding out private investment in a closed economy.
(d) Can a service dominated growth process solve India's employment problem?
/30-A
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[P.T.O.
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/30-A 27 (P.T.O.
/30-A 28
1
1
SPACE FOR ROUGH WORK
1
/30-A 29 [P.T.O.
1
1
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30
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31 E7-1700x3
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National Testing Agency
Question Paper Name: ECONOMICS 216 27th May 2019 Shift 2 SET 1
Subject Name: ECONOMICS 216
Creation Date: 2019-05-27 18:58:43
Duration: 180
Total Marks: 100
Display Marks: Yes
Share Answer Key With Delivery Yes
Engine:
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Group Number : 1
Group Id : 12820624
Group Maximum Duration : 0
Group Minimum Duration : 180
Revisit allowed for view? : No
Revisit allowed for edit? : No
Break time: 0
Group Marks: 100
Section Id : 12820640
Section Number : 1
Section type : Online
Mandatory or Optional: Mandatory
Number of Questions: 50
Number of Questions to be attempted: 50
Section Marks: 100
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Question Number : 1 Question Id : 1282061300 Question Type : MCQ Option Shuffling : No Display Question Number : Yes
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Roll No:
Application No: Registered Photo Exam Day Photo
Name:
Exam Date: 08-Oct-2020
Exam Time: 15:00-18:00
Examination: 1. Course Code - M.A./M.Sc./M.C.A.
2. Field of Study - ECONOMICS (ECOM)
SECTION 1 - SECTION 1
Question No.1 (Question Id - 22)

The degree of price control will be very high in the case of :
(A) Imperfect competition
(B) Perfect competition
(C) Monopoly (Correct Answer)
(D) Monopolistic

If two lines of regression are perpendicular to each other, then the relation between the regression
coefficients is :
(A) βxy=βyx
(B) βxy βyx=1
(C) βxy+ βyx=1
(D) βxy+βyx=0 (Correct Answer)

Correlation coefficient (r) is significant when :
(A) r > 6 probable error (Correct Answer)
(B) r < 6 probable error
(C) r=6 probable error
(D) none of above

When the rate of taxation increases with increase in income, then it is :
(A) Proportional tax
(B) Progressive tax (Correct Answer)
(C) Regressive tax
(D) All of above

Primary deficit means :
(A) Fiscal deficit minus interest payment (Correct Answer)
(B) Excess of expenditure over receipts
(C) Deficit financed by borrowing externally
(D) None

When C=20+0.5Y, I=50, G=10, find the national income.
(A) 160 (Correct Answer)
(B) 170
(C) 140
(D) 150

In a box containing 100 bulbs, 10 are defective. What is the probability that out of sample of 5 bulbs none is
defective ?
(A) 1/10
(B) 1/4
(C)
(Correct Answer)
(D) None of the option

Rostow divided economic growth into stages of :
(A) Two
(B) Five (Correct Answer)
(C) Four
(D) Three

Find the private income from given data in NDPFC=15400, Net income from abroad=100, Transfer
payment from government=250, Net donation from abroad=50, Interest on national debt=150, Income to
government from domestic product=150.

(B) 18500
(C) 24300
(D) 16150

When production function of a firm is Q=20 K0.5L0.5 , price of capital is 5 per unit and price of labour is
4 per unit. What will be expansion path ratio for the firm ?
(A) K=0.3L
(B) K=39/4L
(C) K=14/5L
(D) K=0.8L (Correct Answer)

For an economy, if C = 400 + 0.8 Yd, Yd = Y - T, T = 300 + 0.2Y, find MPC.
(A) 0.93
(B) 0.64 (Correct Answer)
(C) 0.20
(D) 0.81

What will be slope (dK/dL) of the given Isoquant 4 K1/4L3/4 = 2000 ?
(A) (-) 3K/L (Correct Answer)
(B) (-) 5K/L
(C) (+) 5K/L
(D) 3/5K
(A) 1
(B) 0.234
(C) 2
(D) 0.784 (Correct Answer)

When Average Variable Cost AVC = 10 - 5Q + 10Q2. What will be output at minimum marginal cost when
fixed cost is 50 ?
(A) 0.166 (Correct Answer)

(B) 0.178
(C) 0.23
(D) none

When interest rate is very low and LM curve becomes horizontal straight line, then this situation is known as
:
(A) Liquidity ratio

(B) Liquidity trap (Correct Answer)
(C) Giffen curve
(D) Debt trap

When government imposes tax in the case of negative production externality, what will be effect on
Consumer Surplus ?
(A) Consumer surplus reduces (Correct Answer)

(B) Consumer surplus increases
(C) Consumer surplus does not change
(D) None of above
(A) 60% on X1 and 40% on X2

(B) 50% on X1 and 50% on X2 (Correct Answer)
(C) 40% on X1 and 60% on X2
(D) 70% on X1 and 30% on X2

What will be the equilibrium income when commodity market (IS) and the money market (LM) are in
equilibrium in the case of C=102+0.7Y, I=150-100i, MS=470, MT=0.25Y, MZ= 124-200i ?
(A) 1100
(B) 1300
(C) 1900
(D) 1000 (Correct Answer)

The below question has been dropped and full marks are awarded.
If X ~ N(30, 52) then which one of the following is correct ?

(A) P(X ≥ 30)=0.5
(B) P(X ≤ 0)=P(X ≥0)
(C) P(∣X∣ ≤ 1)=P(∣X∣ ≥ 1)
(D) P(30 ≤ X ≤ 40)=P(20 ≤ X ≤ 30)

Hirschman takes divergent series of investment as a project that :
(A) creates less external economies than they appropriate
(B) creates more external economies than they appropriate (Correct Answer)
(C) creates no external economies than they appropriate
(D) none of above

Let X be distributed with pdf f (x)=1 if 0 < x < 1, is equal to zero otherwise. Then find the EX, EX2 and
Var(X).
(A)
(B)
(Correct Answer)
(C)
(D)

When the price of a Pen is 20 and elasticity of demand is 1.6, find the marginal revenue.
(A) 1.7
(C) 9.5
(D) 3.5

The demand function for a good in place is Q = 24 - 3P. What will be theoretically maximum quantity (Q)
demanded for price (P) ?
(A) 33
(B) 24 (Correct Answer)
(C) 8
(D) 28

If the demand function of a commodity X is X=200-0.5P, what will be demand elasticity at a price of 5?
(A) 0.097
(B) 0.052
(C) 0.067
(D) 0.093

The probability that a 3-card hand drawn at random and without replacement from an ordinary deck consists
entirely of red cards is :
(A)
(B)
(C)
(Correct Answer)
(D)

The demand function Qd=35000-5P and the supply function of a firm Ms. Sulekhs Ltd. is Qs=20000+20P.
What will be impact on the quantity demanded and price when government imposes specific sales tax
10.00 per unit and Lump Sum tax 2000.
(A) 509
(B) 608
(C) 1200
(D) 609

We consider Fisher’s index as an ideal index because it satisfies :
(A) Time reversal test
(B) Factor reversal test
(C) Both time and factor reversal test (Correct Answer)
(D) None

The slope of the budget line is (-) 0.25 and income is 100 for buying two equal goods Samosa and Jalebi.
What amount will be spent on Samosa ?
(A) 30
(B) 34
(C) 65
(D) 20 (Correct Answer)

If equation of lines 4x-ky=6 and 6x+3y+2=0 are perpendicular then,
(A) k=2
(B) k=4
(C) k=6
(D) k=8 (Correct Answer)

The demand function for a quantity Q is Qd = 35000 - 5P. Over what range of price, the quantity demand will
be inelastic ?
(A) 100 to 600

(B) 300 to 399
(C) 500 to 3900
(D) Zero to 3500 (Correct Answer)

When C=200+0.75 (Y-T), I=200-25r, G=100, T=100. Find IS curve function.
(A) Y=1700-100r (Correct Answer)
(B) Y=1800-100r
(C) Y=1900-100r
(D) Y=1700+100r
Fisher’s index is :
(A) Harmonic mean of Laspeyre’s and Pasche
(B) Geometric mean of Laspeyre’s and Pasche (Correct Answer)
(C) Arithmetic mean of Laspeyre’s and Pasche
(D) None

The minimum rate at which the central bank rediscounts bills held by commercial banks is called :
(A) Repo rate

(B) CRR
(C) Bank rate (Correct Answer)
(D) Prime Lending rate

What is direct tax ?
(A) Paid by a person on whom it is imposed (Correct Answer)
(B) Paid by a person on whom it is not imposed
(C) Both 1 and 2
(D) None of above

When level of income is zero, what will you call the level of consumption ?
(A) induced consumption
(B) minimum
(C) related
(D) autonomous (Correct Answer)
(A) oscillating
(B) convergent (Correct Answer)
(C) divergent
(D) none of these

Ms. Sulekha is having income of 30.00 for consuming two goods Samosa and Jalebi whose prices are
10.00 and 2.00 per piece. What will be Sulekha’s total price effect when her utility function is U = XY and
the price of Samosa decreased to 5.00 per piece but the price of Jalebi is remaining the same ?
(A) -5/6
(B) -3/2
(C) +5/7
(D) None

Which policy is more effective in the Keynesian range of LM curve ?
(A) Fiscal (Correct Answer)
(B) Monetary
(C) Both fiscal and monetary
(D) Neither fiscal and nor monetary

Calculate area under the curve xy=1, x=1 to x=e :
(A) 1 unit (Correct Answer)

(B) 2 unit
(C) e unit
(D) 0 unit

When Average Tax Rate (ATR) is more than Marginal Tax Rate (MTR) then it is :
(A) Regressive tax (Correct Answer)
(B) Progressive tax
(C) Proportional tax
(D) Degressive tax
What will be equilibrium income, when Lump Sum Tax (T) is added to the model and Consumption (C) is a
function of disposable income (Yd), given Y = C + I, C = C0 + bYd, I = I0, Yd = Y - T, C0 = 100, b = 0.5, I0 =
40, T = 50.
(A) 274
(B) 298
(C) 230 (Correct Answer)
(D) 653

The demand function for a good is Q = 36 - 3P. What will be theoretically maximum Price (P) for Quantity
(Q) ?

(B) 3
(C) 10
(D) 112

What will happen when supply elasticity is less than demand elasticity ?
(A) Consumer burden will be less than producer burden (Correct Answer)
(B) Consumer burden will be more than producer burden
(C) Both will be equal
(D) None

Offer curve introduced by Alfred Marshall deals with :
(A) Terms of trade (Correct Answer)
(B) Exchange rate
(C) Money supply
(D) Money

What will be the second order direct partial derivative VXX and Vyy respectively for given Cobb-Douglas
function V=4X0.4Y0.5 ?
(A) 0.98x-1.6 y0.5 , -X0.4Y-1.7

(B) 0.96x-1.6 y0.5 , -X0.4Y-1.5 (Correct Answer)
(C) 0.196x-1.6 y1.5 , -X0.4Y-1.5
(D) 0.06x-3.6 y0.5 , -X0.4Y-1.5

The long run supply elasticity for constant cost industry will be :
(A) More than unity
(B) Infinity (Correct Answer)
(C) Zero
(D) None

During the Covid pandemic we observed the fall in the salary of 10 males of a given locality are found to be
70, 50, 62, 68, 61, 68, 70, 33, 64, 40 in thousands. Is it reasonable to believe that the average salary is
greater than 64 in thousand ? To test at 5% significance level to make the decision or conclusion about the
hypothesis we will use the following :
(A) Use one sided hypothesis, tabulated value of “t” should be less than calculated value.
(Correct Answer)
(B) Use two sided hypothesis, tabulated value of “t” should be less than calculated value.
(C) Use one sided hypothesis, tabulated value of “t” should be greater than calculated value.
(D) Use two sided hypothesis, tabulated value of “t” should be greater than calculated value.

A firm should increase investment when :
(A) MEC < i
(B) MEC=i
(C) MEC > i (Correct Answer)
(D) MEC=1

When demand Q = 300 - 5P and supply Q = 200 + 15P. If government imposes specific sales tax of 2.00
per unit, what will be new price ?
(A) 7.3
(C) 6.9
(D) 5.9

A saddle point in the game theory refers to :
(A) No loss
(B) No profit
(C) Outcome of strictly determined game (Correct Answer)
(D) None
Save & Print

NTA JNUEE 2021
(CANDIDATE RESPONSE SHEET)
LoginId 2UP02193020173 ApplicationNo 210810138575

Name of the
TOKIR ALAM
candidate
Examination Name JNUEE MA Economics
Exam Date & Time 20092021 02:30:00
Subject : ECOM216 JNUS21
Question ID: 20774
Options:
.Reject it at 5% level of significant , Option ID : 148729,
. Reject at 1% level of significant , Option ID : 148730,
. Accept it at 5% level of significant , Option ID : 148731,
. Accept at 1% level of significant , Option ID : 148732,
Answer Given By Candidate: Not Attempted
Question ID: 18581

When comparing r2 of two regression models, the model should have same
Options:
.Error term , Option ID : 136820,
. Explanatory variables , Option ID : 136821,
. Explained variables , Option ID : 136822,
. Explanatory variables and Explained variables both , Option ID : 136823,
Question ID: 17634

Net Imports of Petroleum and Petroleum products (Million Tons) in the year 201920
(Provisional) were?
Options:
.21.9 Million Tons , Option ID : 136724,
. 21.9 Million Tons , Option ID : 136725,
Question ID: 17655

During the regression analysis, researcher found that one regression coefficient of the two
regression
line is greater than 1, the other will be
Options:
.>1 , Option ID : 136888,
. 1 , Option ID : 136889,
. <1 , Option ID : 136890,
. 0 , Option ID : 136891,
Question ID: 18583

To the right of IS (Goods Market Equilibrium) and left of LM (Money Market Equilibrium)
there is
Options:
.Excess supply of money and excess supply of goods, Option ID : 136900,
. Excess supply of money and excess demand of goods, Option ID : 136901,
. Excess demand of money and excess supply of goods, Option ID : 136902,
. Excess demand of money and excess demand of goods, Option ID : 136903,
Answer Given By Candidate: Excess demand of money and excess demand of goods, Option
ID : 136903
Question ID: 18580

Accepting a false null hypothesis results in the type of error is
Options:
.Type I error , Option ID : 136816,
. Type II error , Option ID : 136817,
. Hypothesis error , Option ID : 136818,
. Structural error , Option ID : 136819,
Answer Given By Candidate: Type I error , Option ID : 136816
Question ID: 17626

When MC= 10 + 0.4X, MR=30 – 0.6X, damage borne by society is 10 in the case of
externality, find the government revenue when she interferes the externality.
Options:
.100 , Option ID : 136692,
. 200 , Option ID : 136693,
. 300 , Option ID : 136694,
. 400 , Option ID : 136695,
Question ID: 17656

Given below are two statements for time series
I The component of time series attached to long term variation is secular trend
II The component of time series attached to short term variation is seasonal trend
Options:
.Statement I is true and Statement II is false , Option ID : 136892,
. Statement I is false and Statement II is true , Option ID : 136893,
. Both Statement I and Statement II are true , Option ID : 136894,
. Both Statement I and Statement II are false , Option ID : 136895,
Question ID: 17647

Which of the following statements about plagiarism is most important and appropriate?
Options:
.It is so easy to "copy and paste" from the internet that everyone does it nowadays. If a
proper reference is given, where is the harm in that? , Option ID : 136856,
. How can we say for sure where our own ideas come from exactly? If we tried to give a
reference for everything we could never hope to succeed. , Option ID : 136857,
. Any suggestion that we have written what another actually wrote is morally wrong. The
whole point of a literature review is to show what we have read and what we thought about
it., Option ID : 136858,
. Plagiarism is such an awful crime that those found guilty should be obliged to wear a
scarlet "P" on their clothing., Option ID : 136859,
Answer Given By Candidate: Any suggestion that we have written what another actually
wrote is morally wrong. The whole point of a literature review is to show what we have read
and what we thought about it., Option ID : 136858
Question ID: 18564

Which of the following statement is not correct?
Options:
.Percentage decadal growth rate of population (19912001) of Kerala was the minimum
amongst all the Indian states. , Option ID : 136752,
. Percentage decadal growth rate of population, for Tamil Nadu in the decade 19912001
was higher than that of the decade 20012011. , Option ID : 136753,
. Percentage decadal growth rate of population, for all India in the decade 19912001 was
higher than that of the decade 20012011. , Option ID : 136754,
. Percentage decadal growth rate of population, for all India in the decade 20012011 was
lower than that of the decade 19912001. , Option ID : 136755,
Answer Given By Candidate: Percentage decadal growth rate of population, for all India in
the decade 19912001 was higher than that of the decade 20012011. , Option ID : 136754
Question ID: 18543

When CobbDouglas production function Q(L,K) = 8L0.3 K0.7 and L=100, K=100, Find total
cost of production.
Options:
.800, Option ID : 136596,
. 980, Option ID : 136597,
. 1080, Option ID : 136598,
. 1180, Option ID : 136599,
Answer Given By Candidate: 800, Option ID : 136596
Question ID: 18588

A consumer's preference over commodities 1 and 2 can be represented by the utility
function
U (x1, x 2) ~ x 1 + x 2. Suppose the price of commodity 1 changes. Which of the following
statements is certainly correct?
Options:
.There is no income effect on the demand for commodity I., Option ID : 136920,
. There is no substitution effect on the demand for commodity I., Option ID : 136921,
. There is no substitution effect on the demand for commodity 1 if the cheaper good remains
cheaper after the price change., Option ID : 136922,
. There is no income effect on the demand for commodity 1 if the cheaper good remains
cheaper after the price change., Option ID : 136923,
Answer Given By Candidate: There is no substitution effect on the demand for commodity 1
if the cheaper good remains cheaper after the price change., Option ID : 136922
Question ID: 20773

Match the following lists and select the correct answer from codes below:
List I List – II
(A) Crosstabulation (i) Stationarity

(B) Unit root test (ii) Causality
(C) F test (iii) χ2 test
(D) Granger test (iv) Comparison of several means
Options:
.Aiii, Bi, Civ, Dii , Option ID : 148725,
. Ai, Bii, Ciii, Div , Option ID : 148726,
. Aiv, Biii, Cii, Di , Option ID : 148727,
. Aii, Biii, Ci, Div , Option ID : 148728,
Question ID: 18562
Which of the following statement is not correct?

Options:
. In India, total population of age group 60 and above from 2001 to 2011 has increased.,
Option ID : 136744,
. In India, total population of age group 60 and above from 2001 to 2011 has decreased.,
Option ID : 136745,
. In India, total population of age group 0 14 years from 2001 to 2011 has decreased.,
Option ID : 136746,
. In India, child sex ratio (0 6 years) from 2001 to 2011 has increased., Option ID :
136747,
Answer Given By Candidate: In India, total population of age group 60 and above from 2001
to 2011 has decreased., Option ID : 136745
Question ID: 17637

Arrange the following state, in ascending order of life expectancy at birth (years 201418):
Options:
.Uttar Pradesh; Bihar; Jammu & Kashmir; Kerala , Option ID : 136736,
. Kerala; Uttar Pradesh; Bihar; Jammu & Kashmir , Option ID : 136737,
. Bihar; Jammu & Kashmir; Kerala; Uttar Pradesh, Option ID : 136738,
. Uttar Pradesh; Jammu & Kashmir; Kerala; Bihar , Option ID : 136739,
Answer Given By Candidate: Uttar Pradesh; Bihar; Jammu & Kashmir; Kerala , Option ID :
136736
Question ID: 17628

When MC= 10 + 0.4X, MR=30 – 0.6X, damage borne by society is 10, find the producer loss
when the government interferes the externality.
Options:
.60 , Option ID : 136700,
. 200 , Option ID : 136701,
. 300 , Option ID : 136702,
. 1100 , Option ID : 136703,
Question ID: 17642

Kinked isoquant reflects
Options:
.Strict complementarity between L (labour) and K (capital) , Option ID : 136836,
. Continuous substitutability of K and L , Option ID : 136837,
. Perfect substitutability of K and L , Option ID : 136838,
. Limited substitutability of K and L , Option ID : 136839,
Answer Given By Candidate: Strict complementarity between L (labour) and K (capital) ,
Option ID : 136836
Question ID: 17641

If e> 1, the total revenue curve has a …………..slope.
Options:
.Positive , Option ID : 136832,
. Negative , Option ID : 136833,
. Zero , Option ID : 136834,
. None of the above , Option ID : 136835,
Answer Given By Candidate: Positive , Option ID : 136832
Question ID: 18548

A farmer has 2.5 acre of land on which he cultivates kharif and Rabi crops. What will be
cropping intensity?
Options:
.200% , Option ID : 136616,
. 400% , Option ID : 136617,
. 100% , Option ID : 136618,
. 240% , Option ID : 136619,
Question ID: 18592

If $ P is invested for T year at an interest rate of r with continuous compounding takes on
the
value A
Options:
. ,
Option ID : 136936,
. ,
Option ID : 136937,
. ,
Option ID : 136938,
. ,
Option ID : 136939,
Answer Given By Candidate: , Option ID : 136939
Question ID: 17630

When LM = 1000 + 200r, C = 800 + 0.5 (YT), T=50, G=50, I = 100 – 5r, find interest rate.
Options:
.4.04, Option ID : 136708,
. 3.06, Option ID : 136709,
. 5.06, Option ID : 136710,
. 8.02, Option ID : 136711,
Question ID: 18585

In a world with only three countries (A, B and C), if countries A and B have trade surpluses,
then which of the following can be said (assume exports and imports are both valued fob)?
Options:
.C must necessarily have a current account deficit , Option ID : 136908,
. C’s trade is balanced , Option ID : 136909,
. If C has a current account surplus, it must necessarily have a surplus in its invisibles
balance , Option ID : 136910,
. C could also have a trade surplus , Option ID : 136911,
Answer Given By Candidate: If C has a current account surplus, it must necessarily have a
surplus in its invisibles balance , Option ID : 136910
Question ID: 18594
Options:
.One sided hypothesis test , Option ID : 136944,
. Two sided hypothesis test, Option ID : 136945,
. Open ended hypothesis test, Option ID : 136946,
. ttest, Option ID : 136947,
Answer Given By Candidate: One sided hypothesis test , Option ID : 136944
Question ID: 18557

When MPCd =1/4 . Find the impact of the budget deficit of Rs. 2 on consumption.
Options:
.2/3, Option ID : 136652,
. 8, Option ID : 136653,
. 6, Option ID : 136654,
. 4/5, Option ID : 136655,
Answer Given By Candidate: 2/3, Option ID : 136652
Question ID: 17479

When CobbDouglas production function Q(L,K) = 8L0.3 K0.7 and L=100, K=100, Find the PL .
Options:
.2.4, Option ID : 136588,
. 3.4, Option ID : 136589,
. 5, Option ID : 136590,
. 6, Option ID : 136591,
Answer Given By Candidate: 2.4, Option ID : 136588
Question ID: 17631

When IS= 1850 – 100r, LM= 1000 + 200r, find equilibrium income.
Options:
.1567, Option ID : 136712,
. 1667, Option ID : 136713,
. 1767, Option ID : 136714,
. 1845, Option ID : 136715,
Question ID: 18561

When MPCd =2/5, change in the government expenditure (ΔG) =1, change in the tax (ΔT)
=1/10, find fiscal policy multiplier.
Options:
.3/5 , Option ID : 136668,
. 3/7 , Option ID : 136669,
. 1/8 , Option ID : 136670,
. 17 , Option ID : 136671,
Question ID: 18558

When MRT =2/3, change in the government expenditure (ΔG) =1, MPC = 1/6, find budget
deficit.
Options:
.1/5, Option ID : 136656,
. 1/6, Option ID : 136657,
. 1/4, Option ID : 136658,
. 1/7, Option ID : 136659,
Question ID: 18559

When MPC=1/4, change in the government expenditure (ΔG) =1, find change in
consumption
Options:
.1/3 , Option ID : 136660,
. 1/5 , Option ID : 136661,
. 1/8 , Option ID : 136662,
. 0 , Option ID : 136663,
Answer Given By Candidate: 1/3 , Option ID : 136660
Question ID: 17646

While accessing and using the internet stuff, which of these steps is the most essential?
Options:
.Recording the full URL , Option ID : 136852,
. Noting the access dates , Option ID : 136853,
. Downloading material to be referenced, Option ID : 136854,
. They are all equally important, Option ID : 136855,
Answer Given By Candidate: Downloading material to be referenced, Option ID : 136854
Question ID: 18590

A frequency distribution gives the following results:
(i) coefficient of variation = 5,
(ii) variance= 4,
(iii) skewness = 0.5,
what are the mean and mode of the distribution?

Options:
.40 and 39 , Option ID : 136928,
. 39 and 40 , Option ID : 136929,
. 45 and 40 , Option ID : 136930,
. 40 and 35 , Option ID : 136931,
Answer Given By Candidate: 40 and 35 , Option ID : 136931
Question ID: 18578

Homoscedasticity refers to the error term having
Options:
.Positive variance , Option ID : 136808,
. Positive mean, Option ID : 136809,
. Zero mean, Option ID : 136810,
. Constant variance , Option ID : 136811,
Answer Given By Candidate: Constant variance , Option ID : 136811
Question ID: 18582

Match the following lists and select the correct answer from codes below: List I
List – II (A) Crosstabulation (i) Stationarity (B) Unit root test
(ii) Causality (C) F test 2
(iii) X test (D) Granger test (iv)
Comparison of several means Code: (A) (B) (C) (D)
Options:
. (iii) (i) (iv) (ii) , Option ID : 136896,
. (i) (ii) (iii) (iv) , Option ID : 136897,
. (iv) (iii) (ii) (i), Option ID : 136898,
. (ii) (iii) (i) (iv), Option ID : 136899,
Question ID: 18597
Options:
. ,
Option ID : 136956,
. ,
Option ID : 136957,
. ,
Option ID : 136958,
. ,
Option ID : 136959,
Question ID: 17638

Arrange the following Indian states, in ascending order of Gross Enrolment Ratio (per cent)
in Higher Education (1823 years age group) in the Year 201819:
Options:
.Bihar; Andhra Pradesh; Tamil Nadu; Uttar Pradesh , Option ID : 136740,
. Andhra Pradesh; Tamil Nadu; Uttar Pradesh; Bihar , Option ID : 136741,
. Bihar; Uttar Pradesh; Andhra Pradesh; Tamil Nadu , Option ID : 136742,
. Tamil Nadu; Andhra Pradesh; Uttar Pradesh; Bihar , Option ID : 136743,
Answer Given By Candidate: Tamil Nadu; Andhra Pradesh; Uttar Pradesh; Bihar , Option ID :
136743
Question ID: 18549

A farmer has 10.00 acres of land on which he crops paddy on 10.00 acres, wheat on 7 acres
and lentils on 3 acres in a year. What will be cropping intensity?
Options:
.200% , Option ID : 136620,
. 400% , Option ID : 136621,
. 500% , Option ID : 136622,
. 100% , Option ID : 136623,
Question ID: 17654

The lines of regression intersect at point
Options:
.( ̄ ,Ȳ) , Option ID : 136884,
X
. (x, y) , Option ID : 136885,

. (0, 0) , Option ID : 136886,
. (1, 1) , Option ID : 136887,
Answer Given By Candidate: (X̄ ,Ȳ) , Option ID : 136884
Question ID: 18571

The variance of 15 observations is 4. If each observation is increased by 9, the variance of
resulting observations is
Options:
.2, Option ID : 136780,
. 5, Option ID : 136781,
. 4, Option ID : 136782,
. 7, Option ID : 136783,
Question ID: 18550

Suppose you have two options either to go to club or to work to earn. In both cases time
spent is 5 hours. You are willing to spend Rs. 125 for clubbing for which you spent Rs. 75 for
ticket. If you work, get Rs. 10 per hour. What will be opportunity cost of clubbing?
Options:
.125 , Option ID : 136624,
. 135 , Option ID : 136625,
. 175 , Option ID : 136626,
. 185 , Option ID : 136627,
Answer Given By Candidate: 125 , Option ID : 136624
Question ID: 17651

Zotero is a tool for
Options:
.Statistical analysis software , Option ID : 136872,
. Plagiarism check software’s , Option ID : 136873,
. Reference management , Option ID : 136874,
. Grammar checking , Option ID : 136875,
Question ID: 17648

The pvalue and significance in research papers is sufficient to assess the relation between
two variables?
Options:
.False , Option ID : 136860,
. True , Option ID : 136861,
. Not enough information , Option ID : 136862,
. Minimising law , Option ID : 136863,
Question ID: 18593
Options:
.Positive values , Option ID : 136940,
. Equal to zero, Option ID : 136941,
. Negative values, Option ID : 136942,
. 5, Option ID : 136943,
Question ID: 17624

When Lorenz function f(X) = X3.3, find Gini coefficient.
Options:
.53.48, Option ID : 136684,
. 56.18, Option ID : 136685,
. 23.18, Option ID : 136686,
. 11.11, Option ID : 136687,
Question ID: 18573

For a distribution, the coefficient of variation is 22% and the value of arithmetic average is
7. The value of standard deviation is
Options:
.1.44 , Option ID : 136788,
. 1.54 , Option ID : 136789,
. 0.54 , Option ID : 136790,
. 154 , Option ID : 136791,
Answer Given By Candidate: 1.54 , Option ID : 136789
Question ID: 17644

Which hypothesis states that people gear their consumption behaviour to their long term
consumption opportunities and not their current level of income?
Options:
.Life cycle consumption hypothesis , Option ID : 136844,
. Permanent consumption hypothesis , Option ID : 136845,
. Relative consumption hypothesis , Option ID : 136846,
. Income related intern hypothesis , Option ID : 136847,
Answer Given By Candidate: Permanent consumption hypothesis , Option ID : 136845
Question ID: 18545

When consumption function is C= 15 + 0.5Yd and investment function is I = 150 – 10r, G =
20 =T, find equation for IS curve.
Options:
.Y= 350 20r , Option ID : 136604,
. Y= 440 40r , Option ID : 136605,
. Y= 350 40r , Option ID : 136606,
. Y= 470 40r , Option ID : 136607,
Question ID: 18568

In a moderately symmetrical distribution, mean, median and mode are connected by
Options:
.Mode=2 median3 mean , Option ID : 136768,
. Mode=3 median4 mean , Option ID : 136769,
Answer Given By Candidate: Mode=3 median2 mean , Option ID : 136770
Question ID: 18570

If A, B and C, three sets of values of x, are given as A: 2,3,7,1,3 2,3; B: 7,5,9,12,5,3,8; and
C: 4,4,11,7,2,3,4. Which of the followings is true?
Options:
.Mean of A=Mode of C , Option ID : 136776,
. Mean of C=Median of B , Option ID : 136777,
. Median of B=Mode of A , Option ID : 136778,
. Mean, Mode and Median of A are equal , Option ID : 136779,
Answer Given By Candidate: Mean, Mode and Median of A are equal , Option ID : 136779
Question ID: 20775
Options:
. , Option ID : 148733,
. , Option ID : 148734,
. , Option ID : 148735,
. , Option ID : 148736,
Question ID: 18574

We are given the following information, mean 3.28, mode 3 and standard deviation 1.34. The
Karl Pearson’s Coefficient of Skewness is
Options:
.0.21 , Option ID : 136792,
. 0.41 , Option ID : 136793,
. 1.41 , Option ID : 136794,
. 4.11 , Option ID : 136795,
Question ID: 17478

Saksham , an industrialist, has Rs. 30 as capital, 25 workers as labour, total factor
productivity is constant at 0.4, output elasticity of labour is 0.3 and output elasticity of
capital is 0.7, then what will be production function in the form of CobbDouglas.
Options:
.Q = 0.8*300.4 *250.6 , Option ID : 136584,
. Q = 0.9*300.4 *250.6 , Option ID : 136585,
. Q = 0.7*300.4 *250.6 , Option ID : 136586,
. Q = 0.4*250.3 *300.7 , Option ID : 136587,
Question ID: 18596
Options:
.Hold I and II , Option ID : 136952,
. Hold II and III , Option ID : 136953,
. Hold only I , Option ID : 136954,
. Hold I, II and III. , Option ID : 136955,
Question ID: 18555

When marginal rate of tax (MRT) is 2/3 and MPCd is 8/10, find MPC.
Options:
.5/78, Option ID : 136644,
. 3/7, Option ID : 136645,
. 8/30, Option ID : 136646,
. 18, Option ID : 136647,
Question ID: 18595

Options:
.Hold I and II , Option ID : 136948,
. Hold I and III, Option ID : 136949,
. Hold only I, Option ID : 136950,
. Hold I,II and III, Option ID : 136951,
Question ID: 18546

When money demand function Md = 0.5 Y – 50r money supply function Ms = 1000 Crore,
Find LM curve equation.
Options:
.Y = 2000 + 100r , Option ID : 136608,
. Y = 3000 + 100r , Option ID : 136609,
. Y = 4000 + 100r , Option ID : 136610,
. Y = 26000 + 100r , Option ID : 136611,
Question ID: 17633

What will be Keynesian multiplier when C= 10 + 0.8 Y and Import (M) = 6 + 0.3Y
Options:
.2, Option ID : 136720,
. 3, Option ID : 136721,
. 4, Option ID : 136722,
. 5, Option ID : 136723,
Question ID: 17476

The The Cost function of each firm in an industry in the long run is C = Q3 10Q2 + 35Q. The
industry demand is D = 2500 – 200P. Firms are maximising profit. Find the number of firms
in the industry.
Options:
.100, Option ID : 136576,
. 300, Option ID : 136577,
. 500, Option ID : 136578,
. 900, Option ID : 136579,
Question ID: 18591

What is not true about correlation coefficient?
Options:
.The correlation coefficient r is independent of the choice of origin and scale., Option ID :
136932,
. The correlation coefficient r is a pure number and is not independent of the units of
measurement. , Option ID : 136933,
. The correlation coefficient lies between 1 and +1., Option ID : 136934,
. The correlation coefficient can be 0.3, Option ID : 136935,
Answer Given By Candidate: The correlation coefficient r is a pure number and is not
independent of the units of measurement. , Option ID : 136933
Question ID: 18575

From the given information: number of observation (n) = 16, correlation coefficient (r) =
0.9544, the Probable Error (PE) is given by
Options:
.1.213 , Option ID : 136796,
. 0.015 , Option ID : 136797,
. 1.321 , Option ID : 136798,
. 0.123 , Option ID : 136799,
Question ID: 18563

Arrange the following Indian states, in descending order of Child Sex Ration (06 Years) in
the Year 2011:
Options:
.Punjab; Chhattisgarh; Gujarat; Haryana , Option ID : 136748,
. Gujarat; Punjab; Haryana; Chhattisgarh , Option ID : 136749,
. Chhattisgarh; Gujarat; Punjab; Haryana , Option ID : 136750,
. Haryana; Chhattisgarh; Gujarat; Punjab , Option ID : 136751,
Question ID: 18584

If the aggregate currency with the public reduces and total demand deposits increase by
exactly the same amount, the aggregate money supply in the economy would
Options:
.Go up , Option ID : 136904,
. Come down , Option ID : 136905,
. Remain unchanged , Option ID : 136906,
. Go up and come down , Option ID : 136907,
Answer Given By Candidate: Remain unchanged , Option ID : 136906
Question ID: 18547

A farmer has 2.5 Acre of land on which he cultivates 4 times in a year 2020. What is Net
Sown Area in this case?
Options:
.2.5 acres , Option ID : 136612,
. 10 acres , Option ID : 136613,
. 12.5 acres , Option ID : 136614,
. 3.5 acres , Option ID : 136615,
Question ID: 17652

What do you consider before submission of your article to a journal for publication?
Options:
.Indexing of the journal , Option ID : 136876,
. Scope of journal, Option ID : 136877,
. Alignment of researcher article with already published article in the journal., Option ID :
136878,
. Game theory, Option ID : 136879,
Question ID: 18554

Suppose India imports Lentils from USA at the price (P) of $ 20 per kg. The domestic
demand (D) =1200 10P and domestic supply (S) = 200 + 40P. What will be the effect of
fixing import quota of 200 kg on price?
Options:
.Price will decrease by $4 /kg , Option ID : 136640,
. Price will increase by $4 /kg , Option ID : 136641,
. Price will decrease by $8 /kg , Option ID : 136642,
. Price will increase by $8 /kg , Option ID : 136643,
Question ID: 17650

Which command allows researcher to set the required journal format in LaTeX?
Options:
.\document{} , Option ID : 136868,
. \documentclass{} , Option ID : 136869,
. \format{} , Option ID : 136870,
. \documentformat{} , Option ID : 136871,
Question ID: 17636

Arrange the following state, in ascending order of total fertility rate, in per cent, in the year
2018:
Options:
.Bihar; Uttar Pradesh; Madhya Pradesh; Kerala , Option ID : 136732,
. Uttar Pradesh; Madhya Pradesh; Bihar; Kerala , Option ID : 136733,
. Kerala; Madhya Pradesh; Uttar Pradesh; Bihar , Option ID : 136734,
. Bihar; Kerala; Uttar Pradesh; Madhya Pradesh , Option ID : 136735,
Question ID: 18572

Mean deviation is minimum when taken from
Options:
.Mean , Option ID : 136784,
. Median, Option ID : 136785,
. Mode, Option ID : 136786,
. Impossible to know, Option ID : 136787,
Answer Given By Candidate: Mean , Option ID : 136784
Question ID: 17643

What is the relationship between average propensity to consume (APC) and marginal
propensity to consume (MPS)?
Options:
.APC is equal to MPC at all levels of income , Option ID : 136840,
. APC is greater than MPC at all levels of income , Option ID : 136841,
. APC is smaller than MPC at all levels of income , Option ID : 136842,
. MRT is greater , Option ID : 136843,
Answer Given By Candidate: APC is greater than MPC at all levels of income , Option ID :
136841
Question ID: 17632

When C=20 + 0.5Y, and change in investment (ΔI) = 400, find change in income (Δy).
Options:
.800, Option ID : 136716,
. 13.5, Option ID : 136717,
. 23, Option ID : 136718,
. 4.5, Option ID : 136719,
Question ID: 17645

What is not true about the systematic review (SR)?
Options:
.SR is based on scientific , Option ID : 136848,
. SR is based on logical , Option ID : 136849,
. SR has a process , Option ID : 136850,
. is similar to narrative review , Option ID : 136851,
SR
Question ID: 17629

When IS=1500 – 50r, money supply = 500, price (p) =2, Md/p = Y – 50r, find the interest
rate.
Options:
.12.50, Option ID : 136704,
. 13.60, Option ID : 136705,
. 14.23, Option ID : 136706,
. 1200, Option ID : 136707,
Question ID: 17625

externality, find the dead weight loss (DWL).
Options:
.50 , Option ID : 136688,
. 60 , Option ID : 136689,
. 40 , Option ID : 136690,
. 80 , Option ID : 136691,
Question ID: 18569

The algebraic sum of deviation of a set of n values from their mean is
Options:
.0, Option ID : 136772,
. n1, Option ID : 136773,
. n, Option ID : 136774,
. n+1, Option ID : 136775,
Question ID: 17480
When CobbDouglas production function is Q= A L0.5K0.5 what will be total production when
total factor productivity is 8, L=25, K=64.
Options:
.340, Option ID : 136592,
. 320, Option ID : 136593,
. 623, Option ID : 136594,
. 420, Option ID : 136595,
Question ID: 17649

What is important to include a list of references like works cited bibliography, references at
the end of the article and report.
Options:
.A reader can check the accuracy of information by reviewing the references from the
references list. , Option ID : 136864,
. If researcher interested further in the topic, a reader can locate the refrences information
from your list for further reading , Option ID : 136865,
. It will build researcher credibility as good write and scholar. , Option ID : 136866,
. Constant law , Option ID : 136867,
Question ID: 17627

externality, find the consumer loss when the government interferes the externality.
Options:
.90 , Option ID : 136696,
. 200 , Option ID : 136697,
. 300 , Option ID : 136698,
. 400 , Option ID : 136699,
Question ID: 18587

In a closed economy with unutilized capacity, if the investment rate remains unchanged and
savings amount to 20 percent of GDP, an increase in the government's fiscal deficit by 100
units will cause economic activity to increase by
Options:
.100 units , Option ID : 136916,
. 120 units , Option ID : 136917,
. 200 units , Option ID : 136918,
. 500 units , Option ID : 136919,
Answer Given By Candidate: 120 units , Option ID : 136917
Question ID: 18560

When MPCd =1/5, MPC = 1/4, find tax multiplier.
Options:
.4/15 , Option ID : 136664,
. 2/15 , Option ID : 136665,
. 1/71 , Option ID : 136666,
. 1/17 , Option ID : 136667,
Question ID: 18551

The budget for movie is Rs. 300 out of which you have to spend Rs. 150 for ticket. You have
other option to go to work to earn Rs. 200. Should you go for movie?
Options:
.No , Option ID : 136628,
. Yes , Option ID : 136629,
. Can’t say , Option ID : 136630,
. Half , Option ID : 136631,
Question ID: 18544

When consumption function is C= 5 + 0.6Y and investment function is I = 200 – 50r, find
equation for IS curve.
Options:
.Y = 512.5 – 125r , Option ID : 136600,
. Y = 512.5 – 25r , Option ID : 136601,
. Y = 530.5 – 125r , Option ID : 136602,
. Y = 612.5 – 5r , Option ID : 136603,
Question ID: 18565

Poverty Headcount Ratio (HCR) in the year 201112 was 21.9 for all India, what was the HCR
for the year 200910?
Options:
.38.8, Option ID : 136756,
. 39.9, Option ID : 136757,
. 19.9, Option ID : 136758,
. 29.8, Option ID : 136759,
Answer Given By Candidate: 29.8, Option ID : 136759
Question ID: 20776
Options:
.Wilcoxon rank sum test , Option ID : 148737,
. Wilcoxon sign rank test , Option ID : 148738,
. Kruskal wallis test , Option ID : 148739,
. Wilson , Option ID : 148740,
Question ID: 18586

Which one of the following statements is necessarily true?
Options:
.A monopolist always operates on the inelastic portion of the demand curve it faces., Option
ID : 136912,
. If a monopolist can charge different prices in two different markets, then it would tend to
charge the lower price in the market with the less elastic demand., Option ID : 136913,
. The level of output produced by a perfectly pricediscriminating monopolist is efficient.,
Option ID : 136914,
. None of the above, Option ID : 136915,
Answer Given By Candidate: A monopolist always operates on the inelastic portion of the
demand curve it faces., Option ID : 136912
Question ID: 18589

The standard deviation calculated from two values X1 and X2 of a variable X is equal to
Options:
.1/3rd of their difference , Option ID : 136924,
. ½ of their difference , Option ID : 136925,
. Square root of their difference , Option ID : 136926,
. ¼ of their difference , Option ID : 136927,
Question ID: 17640

If a quantitative variable has ‘m’ categories, we can introduce
Options:
.m+1 dummy variables , Option ID : 136828,
. m dummy variables, Option ID : 136829,
. m1 dummy variables, Option ID : 136830,
. m+2 dummy variables, Option ID : 136831,
Question ID: 17622

When marginal Rate of tax (MRT) is 1/5 and marginal propensity to consume out of
disposable income (MPCd) is 3/5, Find marginal Propensity to consume(MPC).
Options:
.2/5 , Option ID : 136676,
. 3/7 , Option ID : 136677,
. 12/25 , Option ID : 136678,
. 4/9 , Option ID : 136679,
Question ID: 17635

Arrange the following principal exports group in ascending order (value in million dollars) in
the year 201920.
Options:
.Agricultural and allied products; Manufactured goods; Mineral fuel and lubricants (incl.
coal); Ores and minerals (excl. coal) , Option ID : 136728,
. Manufactured goods; Ores and minerals (excl. coal); Mineral fuel and lubricants (incl.
coal); Agricultural and allied products , Option ID : 136729,
. Ores and minerals (excl. coal); Agricultural and allied products; Mineral fuel and lubricants
Ores and minerals (excl. coal); Agricultural and allied products; Mineral fuel and lubricants ,
Option ID : 136730,
. Mineral fuel and lubricants (incl. coal); Manufactured goods; Agricultural and allied
products; Ores and minerals (excl. coal) , Option ID : 136731,
Question ID: 18579

What is the number of degrees of freedom for a simple bivariate linear regression with ‘n’
observations?
Options:
.n , Option ID : 136812,
. n1, Option ID : 136813,
. n2, Option ID : 136814,
. 2, Option ID : 136815,
Question ID: 18576

The Fisher’s Price Index is the …………….of Laspeyre’s and Paasche’s price index numbers.
Options:
.Arithmetic Mean , Option ID : 136800,
. Geometric Mean , Option ID : 136801,
. Harmonic Mean , Option ID : 136802,
. Corresponding , Option ID : 136803,
Answer Given By Candidate: Geometric Mean , Option ID : 136801
Question ID: 17653

What do you think about the research objective should define the variables?
Options:
.Yes, variable can define , Option ID : 136880,
. No, variable cant defines , Option ID : 136881,
. Variables are not important in the research , Option ID : 136882,
. Yes and no , Option ID : 136883,
Question ID: 18567

Disinflation is a situation when
Options:
.Inflation is slowing down over a period of time , Option ID : 136764,
. Inflation is negative over a period of time, Option ID : 136765,
. Inflation is increasing and positive over a period of time, Option ID : 136766,
. monetisation, Option ID : 136767,
Answer Given By Candidate: Inflation is negative over a period of time, Option ID : 136765
Question ID: 17621

When change in the government expenditure (ΔG) =2, change in the tax (ΔT) =2, what will
be impact of fiscal policy on change of consumption ( ΔC)?
Options:
.0 , Option ID : 136672,
. 1 , Option ID : 136673,
. 2 , Option ID : 136674,
. 3 , Option ID : 136675,
Question ID: 18566

A large speculative demand for money is likely to exist when
Options:
.People wish to borrow money in order to speculate in the stock exchange , Option ID :
136760,
. The current rate of interest is high , Option ID : 136761,
. The current rate of interest is lower than people expect it to be in the near future, Option
ID : 136762,
. GST, Option ID : 136763,
Answer Given By Candidate: People wish to borrow money in order to speculate in the stock
exchange , Option ID : 136760
Question ID: 17623

When average tax rate (ATR) = 1/3, Marginal rate of tax (MRT)=1/5, what type of tax is it?
Options:
.Regressive , Option ID : 136680,
. Progressive , Option ID : 136681,
. Both , Option ID : 136682,
. NEGATIVE , Option ID : 136683,
Question ID: 18577

A linear regression model is
Options:
.Linear in parameters and may not be linear in variables , Option ID : 136804,
. Nonlinear in parameters and may not be linear in variables , Option ID : 136805,
. Linear in explanatory variables and may not be linear in parameters , Option ID : 136806,
. Linear in parameters and must be linear in variables , Option ID : 136807,
Question ID: 17477

Cobb –Douglas production function is Q = A L1/2K1/2. When growth rates are 1 %, 2% and
3%
respectively for technology, labour and capital, find the growth rate in the economy
when output is Q.
Options:
.3.70% , Option ID : 136580,
. 3.50% , Option ID : 136581,
. 6.20% , Option ID : 136582,
. 5.40% , Option ID : 136583,
Question ID: 17639

Multiple coefficient of determination (R2) measures the
Options:
.Homoscedasticity of multiple regression model , Option ID : 136824,
. Multicollinearity of multiple regression model, Option ID : 136825,
. Heteroscedasticity of multiple regression model , Option ID : 136826,
. Goodness of fit of multiple regression model , Option ID : 136827,
Answer Given By Candidate: Goodness of fit of multiple regression model , Option ID :
136827
Question ID: 18553

The domestic demand function (D) of petrol in India is 1000 – 5P and Supply (S) function is
500 + 10P. The domestic demand (D) of petrol in Iran is 120020P and domestic supply (S)
= 1500 + 15P. When India completely bans the import from Iran to encourage domestic
production, what will be the price of petrol?
Options:
.33.33 , Option ID : 136636,
. 40 , Option ID : 136637,
. 66 , Option ID : 136638,
. 77.77 , Option ID : 136639,
Question ID: 18552

The domestic demand function (D) of petrol in Uttar Pradesh is 1000 – 5P and Supply (S)
function is 500 + 10P. The domestic demand (D) of petrol in Iran is 120020P and domestic
supply (S) = 1500 + 15P. What will be price of petrol when Uttar Pradesh imports from
Iran?
Options:
.4 , Option ID : 136632,
. 5 , Option ID : 136633,
. 8 , Option ID : 136634,
. 9 , Option ID : 136635,
Question ID: 18556

When MPC = 1/4, MRT (Marginal rate of tax) = 9/10 and change in the government
expenditure (ΔG) =1, find the increase in tax?
Options:
.6/5 , Option ID : 136648,
. 11/16 , Option ID : 136649,
. 15 , Option ID : 136650,
. 2 , Option ID : 136651,

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30 Reglatratlon No.

QUESTION PAPER Centre of Exam. :

Wrong Wrong Wrong Wrong Correct

(d) the physical removal of some currency notes from circulation

(a) The mean of Y is (2p . 1) 2 .

(b) The variance of Y is zero.

(c) The variance of Y depends on the value of p.

(d) None of the above

3. X is a random variable \\;th mean equal to 1 and variance equal to 9. Let Y - 3 x X+ 6

(b) The covariance of W and Y is equal to ·-9.

(c) The correlation coefficient of Wand Y is equal to - I.

(d) The correlation coefficient of W and Y is equal to I.

(a) X and Y are independent random variables

(b) X and Y are identically distributed

(c) there exists no linear relationship between X and Y

(d) None of the above

5. What is the value of k?

6. What is the probability that random variable X takes the value 2?

7. What is the expected value of the random variable Y?

(a) A and B are independent events.

(b) A and Bare disjoint (i.e., mutually exclusive) events.

(d) None of the above

(a) The intersection of A and B is the null set.

(b) Events A and Be cannot be independent.

(c) Events A c and Be are independent.

(d) None of the above

10. Let x : 2% of 0·03. Let y: x J100. Then, y is equal to

(a) 25 years after the initial point of time

(b) 24 years after the initial point of time

(c) The answer depends on the value of x

(d) None of the above

13. A function f(·) satisfies the following two properties :

(a) f (n) = (n- I)

(b) f(n) = (n- I)!

(c) f(n) = nx(n-1)

(d) f (n) cannot be computed from the information given

(a) The function f has exactly two roots.

(c) The function f has exactly one root.

(d) The function f has at most one root.

(a) There is no value of x such that f' (x) = 0

(c) f' (x) S 0 for all values of x

16. The number p solves the following equation :

What is the value of p?

(d) (1/2) X ln(3/2)

(c) .j(3 j 14)

(d) None of the above

(a) Elasticity of demand (in absolute values) is greater than 1

(b) Elasticity of demand (in absolute values) is less than 1

(c) Demand is unit elastic

(d) Demand is inelastic

(c) Both A and B have the same rate

(d) Information provided is insufficient to answer the question

(b) come down

(c) remain unchanged

(d) None of the above

(a) C must necessarily have a current account deficit

(b) C 's trade is balanced

(d) C could also have a trade surplus

(d) Cannot be determined without knowing the change in stocks

(a) must necessarily decline

(b) must necessarily increase

(c) would remain unchanged

(d) None of the above