Subject 940/TFU-ECOIGLEI -_—— Question BooketN. 5124.97 “atten Brzres I FTL wdtenet gra ate margve F48 oo TE wae a ae ‘Seal of Superintendent of Examination Centre To be filled in by Candidate by Ball-Point pen only SL. No. of Answer Shoct CoQ SET- 2017 Fares —AL Roll No HT U1 + or #9418 Fa we Fer ovat epee Aa Fae Econo ric Dedaration: Ihave read and understood the instructions given below. aera arora rere (Signature of tviglato, su (ignature of Candidate. fae se a (ame of vigor nn {Name of Candidate - sa raper: II subject: ECONOMICS Time: 1Hour15 Minutes Maximum 7] QQ) Fam gian a gat ai eer Fae aise a oat wer 150 Nanberaftageinis Question Bookt | BZ | unbetof Quon Inia Gera Hooke INSTRUCTION TO CANDIDATES 41. Immediately after getting the Booklet read instructions carefully, mentioned on the front and back page of the ‘Question Booklet and do not open the seal given onthe right hand side, unless asked by the invigilator. Do not accept a Dooklet without sticker-eal and da not accept an open ooklet, As soon as you are instrcts to open the booklet in the first 5 minutes you should compulsorily tally the namber cof pages and number of questions in the booklet with the information printed on the cover page. Faully booklets due to pages/ questions missing or duplicate or notin serial order ‘or any other discrepancy should be got replaced immediately within 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time willbe given, 2, Write your Roll No, Answer Sheet No, in the specified places given above and put your signature, ‘3. Make all entries inthe OME. AnswerShet as per the given instructions, otherwise AnswerScet wall not be evaluated, 44. For each question in the Question Booklet choose only one correct/most appropriate answer, out of four options given land darken the circle provided against that option in the ‘OMR Answer-Sheet, bearing the same serial number of the question. Darken the clrele with Black or Blue ball-point Pen only. 5. Darken the circle of chosen option fully, otherwise answers will not be evaluated, sample: @) @ © O tei) comet anower, 6. There are 50 objective type questions in this Booklet. All {questions are compulsory and carry 2 marks each 7. Do not write anything anywhere in the Question Booklet or tan the Answor-Sheet except making entries in the specified places, Rough work isto be done in the space provided in this booklet, 8. When the examination is over, original OMR Answer Sheet is to be handed over to the invigilator before leaving the fecamination hall, while the Question Booklet and carbon py of the Answer Shevt can be retained by the candidate. 9, There is no negative marks for incorect answer. 10, Use of any calculator/log table/ mobile phone is prohibited, 11. In ease of any ambiguity in Hindi & English versions the English version shall be considered authentic. Tor Technical words terminology in English shall be considered as standard 72/TFU-ECO/GLE-IT 1 ‘tee ef Per a. weer fed Heys wed fs ge A fee oe Pee a Sr ee By a at eet set A ah TS THT ae Rhee ate whe wer Berar a gE A wT Pera ether 381 wen yar at eed ab fog Sen we eT sem s fae fear: as ais eta cio wel wet at eon Hyer Het ah een a ae a won a fro Raa pearl wa a pe ata a an we “Teer re fet Fare yor wre eye wer fer wh Pal 5 Pate siee aceem a FAR ee a A wer fle een eT he hw atts eH feet ari 2. wr Ree ae Prefs el # seer orpERie, see-gfea vie ere mer ar) ee 1 3. ofan, save aes afafea fe mh febargee wt rue Sat aie Eales el fea are 4. ate ae aoe 8g verge A we AS fee Te Remed 4-8 wel/aad aren fae UH A Pere a wa sear, sat-vke Yah freee ae a wi, Be we ee iw Yan hare ara lege 5. RB SC ae whe aR srt ee i seen a a EAT aa em zt: @) @ © Ox warn 6. we gfevar 4 50 aeghe wes fem me 1 ae wer & fore 2 sim Frees 1 wel wer atfrard 1 7, wea afer ae senile 8 ake ear we fait oe a wed po fed on ard, ea gen F syeo wa aL 8, vin aaa gars we ae ote i aE SLM, eve dae A eer sm) Weyer we se-zie wt woh att werd ara are Fn awa #1 9. sree eae ae Pan ee 10, fare of ate & Serger an ae tere a a we afl au 11, wee at eer af fed ua tists qaor Hate era at ‘feafe it, at atta agora wre erat arian martes prec & fort attra erearacdt are; ara are |SPACE FOR ROUGH WORK / ta ard & fer we 2 7210/1FU-ECO/GLE-ILECONOMICS -Il effect. The reasons are : (4) Itis based on compensatory effect of income ©) Itis based on adjustment of cost difference (©) Itprovides more. utility to consumer at equilibrium point (@) Timproves the consumer's state Codes (A) (@) and (@) only ®) (ana (© only © ©), © ana () only ©) ©), ©) (ana (@ 1. -I Se 3s ea a et ara ya OS Fear fea a ey ERR PARY A tH ss are & (a) p07 ® aver oma a aneteg & (b) fv Ser & a we apeatig @ Sr Rete eae Re: (4) 86 (a) si (a) (8) Set 0) site (oy © F210) (9 ate (ay ©) @), (&), (6) aie (a) SPACE FOR ROUGH WORK / (TFU-ECO/GLE-1 we ard & feat aapsamuelson’s Revealed Preference ‘Theory ‘of Demand is superior to Hicksian ‘Demand theory. The reasons are * (a) It explains the behaviouristic analysis of consumer's demand. (b) Ik reveals the consumer's choice on his demand. (9 Consumer wants {© maximize his satisfaction. (a) Teexplains Stutasky cost difference effect as compared to Hicksian compensatory effect. Codes + (A) @, @ and © @ @,@ad@® © ©, @ad@ (0) @, and why factor pricing has @ distinct theory ? (a) _ the demand for a factor derived demand. (b) the supply of @ factor depends on its opportunity cost (0) _ the pricing of some of factors are influenced by social and human factors. (a) the cost of factor depends on technology. Codes + (a) @ and &) only (B) (and ©) only © &,@and@ only ©) @,), and @) SPACE FOR ROUGH WORK (a) sae Fea fen woe At gee A Ge: ~) @ sO ® @&OR@ © oO Fe) 0 @ ORO ent ws Per Ferg eer 8 TTT a al rae 8? (@) eae ae #1 Ht gH HB ty ern ah gE Se STATI TAN att © spo wre oh sea aT rae aoa St HHT TET ET (@ gees hare ett CFT ae: (a) Raa (@) ste) @ FAH aro © Faw, ome © @0,0A 7m ard & fe STE 7ng/TFU-ECO/GLE-ALAssertion (A) : Welfare is said to increase (or decrease) if at least one person is made better off (or worse off) with no change in the position of others, Reasoning (R) : The gainer from the change could more than compensate the losers, yet be better off themselves. Codes : (A) (A) and (R) both statements are correct but (R) is not the sole reason of the (A) statement, (8) (A) and (R) both are correct but there is no cause effect relationship. (©) (A) and (R) both are not correct hence, no cause effect relationship. (D) (A) and (R) both statements are independent, aifirnert (A): HEMT AS TM HAT HH VTA TA ET TET cafe an a am un oafad #1 feat ont a @ (sea aaa e a) safe se cin at feafa Hang oftada ae gan at wAITUT (R) : Ufa 8 ory sort aren oafsa, ef sart caret caftea at aafarght aca vit ores feat 7 a cg (A) (A) ait (R) Si after wet & fg (R), (A) 91 HA HOT AEF 1 (8) (A) sit (R) art at & fag waa HE area aftr ie ae 1 (© (A) 3k aH ae eB ae: TET ‘oft ely ef E1 (D)_ (A) aR (R) Shi are cada SPACE FOR ROUGH WORK / tH ard & feat Te 7210/TFU-ECO/GLE-IIAssertion (A) : Williamson's Managerial Discretion model is related to the maximisation of the manager's utility. Reasoning (R) : Itisa function of expenditure on staff and emoluments and discretionary funds. Codes : (A) (A) and (R) both are correct and (R) is the cause of (A). (B) (A) and (R) are correct but they have no cause effect relationship. (© (A) and (R) both are not correct hence, there is no cause effect relationship. (D) (A) and (R) both are independent. Assertion (A) : According to the law of Demand quantity demanded varies inversely with price. Reasoning (R) : As per law of Diminishing marginal utility each successive unit of a commodity gives lesser satisfaction than preceding unit. Therefore the consumer will buy more only at a lower price. Codes : (A) (A) and (R) both are correct but (R) is not the sole cause of (A). (B) _(A)and (R) both are correct but they have no cause effect relationship. (©) (A) is correct but (R) is not correct 80 (R) is not the cause of (A). (D)_ (A) and (R) both are independent 50 (R) is not the cause. oifiraiert (A) : faferreaa ar yaaa fatal ates war & seitinn sr siferas wet B waif @1 RTT (R) : ae ein won, uiftrat wa fadaret ord BY SH HA EI ee: (A) (A) site (Ry i wet @ ae (Ry, (A) FT are) (B) (A) sit (Ry aH aa @ fag ea aT ‘afte a Bea FE BI (©) (A) aR (Ry) ert wat Tee, cate eT ate reo aftors wea aie (D) (A) 3k (R) Si ea 1 safirener (A) : vin & Fram & organ aq a ait ef aa ‘aitra & facta fee Tf acer @) BRUT (R) : dtaia scat ge Fras & agen wee ae corel gag or 4 yee at eae at ger ara digfe ver eat @1 afer save aH aime 8 aftr ara etiam €1 ye: (A) (A) 38k (R) a set & fg (RB), (A) HUT TA HC TET TL (B) (A) aR (R) eri ae fay Sa ere “oftome ar sale et 1 (C) (A) ae & fy (R Be FE t Fale (R), (A) 3 RE SH (A) itt (R) Shai sada & gafere (R) FT are et EI ©) SPACE FOR ROUGH WORK / TH rd & fora We 7210/TFU-ECO/GLE-IL‘Arranged in sequence : (a) Ordinal Approach of Demand () Cardinal Approach of Demand (©) Demand Theory of logical ordering (a) Revealed Preference Theory of Demand Codes : (A) @, ©), @) ®) ©) @,@, © (©) ©, () @, ©) @, 0,0) @ Make market structure in sequence order : (a) Perfect competition (b) Monopolistic competition (c) Oligopoly (a) Monopoly Codes = (A) @, ©, @. 0) ®B) @),@), 0), © © @,@, 0) © ©) ©, @), @) en 8 orate aif : (a) Sin ar erat qfeator (b) Sin ar ora gfe (c) Hin ar aifher aH festa (@) Ain at wae afer farait qe: “4 @), (b), (©), (@) ) >) @), @), ©) © ©, @,@ ©) @), ©, ©) @) are BaST ah HATTA Safes TAPE: (@) pi sfeeitren (b) rfremrerere feria ( aeafrere @ wife Re: (A) @, ©, @), &) B) @),@, 0,0 © @,@),),© (©) ©), @, 4) SPACE FOR ROUGH WORK / © rd & fora ME 7210/TFU-ECO/GLE-IL10. 1. Arrange the Welfare Economics in 9. sequence (a) Pigovian Welfare Economics (b) Bergson’s Welfare Economics (©) Paretian Optimum Economics (d) Hicks-Koldar Compensation Criteria Welfare Economics Codes : (A) @), ©), ©, @) (B) ©), (@), &). @) © @), ©, @, © (@) €@), (©), (A), (&) Arrange the theory of value of money 10. according to its origin : (a) Commodity Theory of Money (6) Transaction Theory of Money (©) Friedman Theory of Money (@) Cash Balance Theory of Money Codes : (A) 6), @), ©, @) 8) @), @), (b), ©) © @, 0), @),© (P) ©, @), @), @) According to J.B. Say’s Law of Market 11. (A) demand creates its own supply (B) supply creates its own demand (©) inflation creates unemployment ‘unemployment creates inflation pena stirs we 8 craters aif: fa) Wa seat spire () Fier a ecard sehr () Rm aggeas Sead sees (@) fere-aicer afagit amare area sre Re: A) @), ©, @ (B) ©, @), &), @) © @), ©), @) © (@) @), ©, @), ©) a & yea fain at sam sua & sega rafters a : (a) Waar ae farzia () Berar ere frais (9) wre ar ya fasia (Waar ae Bm facia ee: A 0 @0.@ ®) @,@), 00 ) @, 0), @, © ©) ©, @), 0). @ 6 a8, aan hard agen 1 (A) ata sre omg at ca ed eee #1 (8) anf srt aa at cam eed eet (©) yatents, atom atc ae #1 () Stsrnd, qaferia at cr ae #1 SPACE FOR ROUGH WORK / @& ad & fer 3TE 7210/TFU-ECO/GLE-IL12. 13. 14. According to Keynes demand for money for speculative motive is inversely related to (A) income (B) rate of interest (©) _ terms of trade (D) expected income In his theory of development Schumpeter emphasized on the need for (A) Balanced Growth (B) Need for infrastructure (©) Role of innovations (D) Demand factors Imitating consumption pattern of relatives and neighbourers is known as (a) crowding out effect (©) transmission mechanism (6) demographic transition (@) demonstration effect Code : (A) Only (a) is correct (B) (6), (©) are correct © ©, © are correct (D) Only (d) is correct 12. 13. 14, ars OE apart Her % fore, ge Ft a shave at (A) a 8) ana (Q aera (D) segenfra a fara & amt fagia 7 qrvtet 7 _® ae fea (A) defers fara (B) araregg eee Bt AraC (©) waterer at yf (D) ara arat dafrdl sik vetted & sai fed at seat ECT e : (a) wrafén arse Ure (>) gate Ater (Q Satafer gsr (@) Sarena ee: (A) Far @) Ae ®) &,@mte © @ Ome (D) Baa) wae SPACE FOR ROUGH WORK / T ard & fora se 7210/TFU-ECO/GLE-I115. 16. @ ©) (@) Under employment equilibrium is a feature of (@) ) © (@) Codes : (a) (8) © ©) Only Only Match the items given in List - I with those of List - 11: List -1 involuntary unemployment crowding out effect Codes : (a) @ Gv) @ (i) ) (B) o ©) 15. Keynesian economics Neo-classical economics ‘Classical economics Supply side economics (a) and (@) are correct (@), (b) and (c) are correct (6) is correct (@) is correct 16. List - IT classical economics @ full employment equilibrium Keynesian economics i) ineffective fiscal policy effect of monetary policy (ii) transmission mechanism (iv) (b) @ (ii) (ii) @ ©) (ai) i) (i) (i) @ jw) © (iv) @) aerated ary at um fae a f@) ©) ©) aia aera Ta-aenfeere sehen senfere setae Wee eS sree (@) sik (4) FA E (2), (0) af (c) Wa F Baa (0) WAT ‘aa (a) aS aah -1% vel a get wal a frrenea : aat-1 wit aweaiomt (i) aenfere sree ter aa @) Fra aire wisi sree we (ii) yHee Tat fe defen thea iv) genie er vere ee: (a) @ (iv) @ @ ©) @ (ai) ) ® © Co) @ @ G) (a) (A) (iv) (B) oO ©) (wv) (iv) ‘SPACE FOR ROUGH WORK / Ta ara & feat We ‘7210/TFU-ECO/GLE-IL17. Match the items givenin List-Iwith those 17. aet-13 Hai a aah 1 ae a freee: in List - 1: List -I List - II at wien (a) Fisher's equation (i) MV=PT (a) Fied aire @ = MV=PT (b) Cambridge cash (ii) ~M=KPY (b) ais Sedge (i) ~M=KPY balance approach sr (©) James Tobin (iii) Portfolio () Fa afer Ga) FRAT approach to aeaaesh demand for sr money (a) W. Baumol (iv) Inventory (@) Say, he (iv) Bar aia yet approach to arr demand for money Codes : qe: fa) &) © (4) @ ® © @ (a) @&) Gi) Gi) @ (4) @ @ @ @ ® @ @ Gi) ® @ @ G © @) @ Gi @ © &) @ Gi @ © @ Gi) @ ww) 0) @ Gi) @ SPACE FOR ROUGH WORK / Ta ard & fered sere 7210/TFU-ECO/GLE-IL i18. 19. Assertion (A): Phillips curve shows the inverse relation between rate of inflation and rate of unemployment Reason (R) : According to long-run Phillips curve, in the long run whatever may be the inflation rate economy moves at natural rate of unemployment. Codes : (A) Both (A) and (R) are correct, and (8) is the correct explanation of (A). (B) Both (A) and (R) are correct, but (R) isnot the correct explanation of (A). (C)_ (A) is correct, but (R) is wrong. (D) (A) is wrong, but (R) is correct. Assertion (A) : According to crowding out effect increase in government spending reduces the private investment. Reason (R) : In transmission mechanism change in money supply affects the output through interest rate. Codes : (A) Both (A) and (R) are correct, but (R) is not the correct explanation of (A) (B) Both (A) and (R) are correct, and (R) is the correct explanation of (A), (©) Both (A) and (R) are wrong. (D) (A) is wrong but (R) is correct. 18. 19. safirenat (A) : fries om, Form a sik yeep et a ae vise daly cafe 21 RUT (R) : “Streit Peter aa orga ahe—are H aaifenfa at star ft dt seforren stot maples ee 8 vfereiter a xem Bh ee: (A) (A) 341 (R) Shi Betz aiiz (R), (A) FT ad aren 1 (B) (A) #2 (R) ait wet E Fea (RY, (A) ai ad ren Ta a1 (CQ (A) aa e yeg (R) THT (D) (Ay Terr Beg (R) WAAL aifirenert (A) : prefer arse We aR ae or ‘fs, “ifs Free a am eet FTTTT (R) : Fafa fea 8 ag agit Y agara, aT RR Hea a AS-Fe HVE Stead ze Re: (A) (A) #2 (R) Hit wet E FEE (R), (A) ai wa ore Tee (B) (A) #21 (R) Saf Bete aT (R), (A) FT wel arene (©) (A) eR) Si ree (D) (A) Hera AeA (R) we eI SPACE FOR ROUGH WORK / %& ard & fert we ‘7210/TFU-ECO/GLE-IL20. 21. Arrange the M;, Mz, Mg concepts of 20. money supply in the descending order in terms of their liquidity. (A) My, My and Mg (B) My M, and M, (C) My My and M, (D) My, My and M, ‘The correct sequence of demand side of 21. vicious circle of poverty : (a) Low income (©) Low demand (c) Low investment (@) Capital deficiency (e) Low productivity Codes : (A) @), ©), © @), © ©) ©), @), ©, &), @ © @), ©, &) @), © (D) (), (0), (4), (©), @). aroat & ve Aa ony eT My, My Fa M, Hi state an i oraera ETE : (A) M, M, sit My (®) MyM, 3ieM, (QM, M;3iRM, (D) My M, 3M, uit & que ae & Fin aes a eel oT & (a) Free or (>) free itr () Frene fae @ Ra ari (e) Fer sereaaT (A) (a), (), (©), (a), (B) (), @), ©), ), (@) © @, 0,0), @), © ) ©, b), @), ©, @ SPACE FOR ROUGH WORK / @& etd & fora se 7210/TFU-ECO/GLE-IL 1322. 23. (b) © @ According to Schumpeter, an innovation 22. Uftaet aqUR wetter A eee: consists of : (a) the introduction of new product (a) (b) the opening up of a new market © (©) the introduction of a new method © of production (a) using old source of raw materials @ Codes : ae: (A) (@) and (d) (A) (B) (0) and (a) @) (Q @, &) and (©) © (D) (b), (©) and (d) @) a seme wr eT 3 SR a aA ‘sere & 74 fafa at Yeon eel ret & fee Ga aa a (@) ai (a) @ a @ (2), (b) aA (e) ©), © aR (a) Match the items given in List-Iwith those 23. _Get-1 adi ai qet- 03 freme : in List - 1: List - 1 List - I aet-1 qt Knife edge property (i) Harrod (a) WER UH WIT @ Renter model Circular causation (i) G. Myrdal (>) Ser set (i) free Materialistic (iii) Leibenstein (c) eivera ar vera Gi) fora interpretation of aren history Critical minimum (iv) Karl Marx (@) site =m veaa iv) ref TRE effort Codes : ee: f(b) (©) (d) @ &) © A & @ ® @ (A) @) Gi) @ @ 8) @ i) @ lw) ® @® @ @ © & @ Gi @ © & @ Gi) @ ©) @ @) Gv) fii) ©) @ Gi) Gv) Gi) SPACE FOR ROUGH WORK / tH wd & fora we 14 ‘7210/TFU-ECO/GLE-II24, 25. Assertion (A) : ‘Adam Smith advocated the laissez-faire policy in economic affairs. Reason (R) : According to Adam Smith division of labour increases the labour productivity. Codes : (A) Both (A) and (R) are correct and (R) is the correct explanation of (A) (8) Both (A) and (R) are correct but (R) is not the correct explanation of (A) © (D) (A) is correct but (R) is wrong Both (A) and (R) are wrong ‘Assertion (A): According to Prof. Robinson only happy accident can bring equality among actual growth rate, warranted growth rate and natural growth rate. Reason (R) : Hartod's first problem is the begining of Harrod’s second problem ice. instability problem. Codes : (A) Both (A) and (R) are correct and (R) is the correct explanation of (A) Both (A) and (R) are correct but (R) is not the correct explanation of (A) (C)_ Both (A) and (R) are wrong (D) (A) is correct but (R) is wrong, (B) 24. 25. afirenat (A): yen fora 4 onthe armel Y stead st ifs a oats fear) ‘eaTTTT (R) : usa fra & agen am fae ooo serena a ae erat @1 He: (A) (A) Fem (R) a wet ae (R), (A) AT wel Aree (A) 8 (R) Bi wet F IT (®), (A) hae ore TEE (© Aaa (Rei rae (D) (A) Re STR) TET (8) safirenert (A) : Sh. dia & aqEK aries fare &, arrears fereara & atte eaves FeraTe = ata fact Gaye wen th ear ot aa * RUT (R) : ate at veh crea @ ie a ae eT ar any dé sala afeerar weT ee: (A) (A) Hem (R St wee aT (R), (A) FT wa Sree (A) 74 (R) 2H BE FHT ®), (A) aad oer 7a B1 (A) 3 (R) aH Tea E (a) Bat 8 Wey (R) TTT @) © (P) SPACE FOR ROUGH WORK / TH ward & fer Te 7210/TFU-ECO/GLE-IL 1526. Which of the following statements are correct ? Nelson is associated with the theory of low level equilibrium trap. (6) Nurkse is associated with the theory of circular causation. ()_ Hirschman is associated with the theory of unbalanced growth. (@)_ Smith is associated with the concept of vent for surplus. Codes : (A) (@), (©) and (a) only (8) @), &), (©) and (d) (©) (©), © and (d) only (D) (b) and (@) only 26. fren arr’ Hert wet E7 (b) (9) (a) @) B) © () reer ar eed Fes ena rer 2 (at aaa vaafataaa $0) faraia & are @ ahd ar aide ae ater fears a a veetta an dy orig fs fea @ a faa ar dee cafes (Capea) art & sere 2 81 FAG (a), (c) SR (a) @), ©), © aR (a) Ba (b), c) 3H (a) ‘aa (b) AK (d) SPACE FOR ROUGH WORK / TH ard & fer Se ‘7210/1 FU-ECO/GLE-I27. Match items in List-I with items in 27. yea die wei ar get Sa ee List-II and select the correct answer from ‘aa Gite st sik ara fea wa Ee Se the code given below : Se Ta HE: List-I List-II at at (a) Adam Smith (i) Real balance effect (a) wen fea (i) arate agers WHT (b) Heckscher-Ohlin (i) Division of labour (b) trae sttefert (i) IER (© E.Von (i) Factor endowment —() dan ear il) IM % Hat Stackelberg, theory of trade watts fasta (d) D. Patinkin {iv) Iso-profit curve (a) &. Wer (iv) FHS Codes : qe: @ & © @ @ 6 © @ (A) @) Gi) @ O) (a) Gi) Gi) @ ®) Gi Gi) @ @ 8) Gi) Gi @) @ © wv) @ @ @ © w) Gi @ @ © @ # @ () Gi) @) @ @ SPACE FOR ROUGH WORK / Ta ard & fered 37 7210/TFU-ECO/GLE-II v728. 29. Assertion (A) : Indirect taxes promote inequality in the distribution of income. Reason (R) : The poor bear more burden of indirect taxes. Codes : 4) (A) is true but (R) is false (B) Both (A) and (R) are true and (R) is the correct explanation of (A) (©) (A) is false but (R) is true (D) Both (A) and (R) are false Which one of the following is not included in capital budget ? (@) Expenditure on asset formation (b) Interest payments (9) Money collected from public borrowing (a) Subsidy Codes : a) @& (8) (band ( only (© @)and (a) only (©) (@only and (¢) 28. 29. saferamert (A) : aed ae ora & faa F srgarra went @ INT (R) : srr et aor oe Pehl ae are TET eH ee: (A) (A) Fe @ Hq (R) SHAT Z (B) (A) 2ite (R) erat ea & ae (R), (A) ate arene (©) (A) saa & vg (R) Ber BI (D) (A) ae (®) Sat sare) or a ae ot are F eof wet weet? (@) aan Fanfare ort ©) as ET (9 aedafe 5 8 wer af (@) aferet ae: A @& FO ®) Fb) GE (© Fa b) wa) (D) 4a (a) SPACE FOR ROUGH WORK / Ta @Id & fet HE 7210/TFU-ECO/GLE-I30. 31. 32. Monopoly power : (A) (B) © 2) Increase consumer surplus Lead to increase producer surphis Lead to lower prices and lower output None of the above “When production cost is zero, the price determination under monopoly will be such that total income is maximum.” Which of the following is correct ? (A) ) © (D) This statement is correct ‘This statement is half-truth This statement is wrong The marginal income will be positive in this situation In any production process, the marginal product of labour equals « (B) oO Total output Total Labour inputs Total output — Total capital stock Total output produced by labour ‘The change in total output resulting from a ‘small’ change on the labour input 30. wanftrerdt afarat : 31. 32. @) (8) © (0) ‘soiaet Ft aaa FH TS sores aan Fas aime ue sees Hatt sata 4 8 ag TEE “Sa SeaTe TA IA, SH TA TTT ae starter aia Prater Ga een safes Bet are safer @"" ‘freaferfiad 4 ae arat &? “« () © (0) TERA We ae a ala &1 ae er Te BI a sree A ania sara rare ee feat ot scree vir A aa et diate eT TTA Beal Bs (a) (8) © (p) SAS Fa 7 aT Fa ag - Fa heh xis FH BRT See HA FTE er sere H ofa St he oer are “ea? afta a oT & ‘SPACE FOR ROUGH WORK / Te cord & fort we 7210/TFU-ECO/GLE-H 1933. 34. Who expounded the neutral monetary 33. policy ? (A) Prof. Hansen (8) Prof. Hayek (©) Prof. Hawtrey (D) Prof. JS. Mill The basic rational of the “Big Push” theory 34. is based upon the idea of : (a) Size of the population (&) Indivisibilities in production function () Internal economies (a) _Indivisibilities of demand Codes : (A) @), (b) and (©) are correct (B) (b), (©) and (d) are correct (©) Only (b) and (c) are correct (D) Only (b) and (4) are correct wee thfzen aif at arte fares st ot? (A) Sth ea (B) Whe tam (CQ atracae (D) aR Se, fret fara fara we agi ear” firgia TACT ameter &? (a) Seen aH sre (bo) eres er A festa (6) safc fraeafaent (@) Fist afar (A) @), &) (aE ©) 0), Ra WE © Faw Ge WHE (D) a (b) Ti (d) FA E ‘SPACE FOR ROUGH WORK / TH werd & fora we 20 7210/TFU-ECO/GLE-IL35. 36. ‘The main areas of BASEL - II norms is : (a) Risk coverage (b) Bank branch expansion (6) Adequate liquidity (4) Adequate capital provision Codes : (A) @, ©), (©) and (@) are correct (B) Only (a), (b) and () are correct (© Only (a), (©) and (@) are correct (D) Only (@) and (4) are correct ‘Assertion (A) : One of the characteristics of many underdeveloped countries is that they have a low saving rate and low capital formation. Reason (R) : In underdeveloped countries this is »-mainly due to low level of income. Codes : (A) _ Both (A) and (R) are true but (R) is not correct explanation of (A) (B) Both (A) and (R) are true and (R) is correct explanation of (A) (©) (A)is true but (R) is false (D) (A) is false but (R) is trae 35. 36. aaa are a aed ae (a) Sifer arrears (e) ae wren fara (vata wet (a) vate fst wae ae: (A) @, 0), © 3 @) HAE @) FA), &) stk) WHE © FA a), (0) Ae (a) WHE (D) Fae (a) se a) FAT afer (A) : ate areata teil a Farrer Ha oH ae t fe wa aed aaa = ait oer Fst Faria eat 81 ETT (R) : avafeafaa 2 A ae Ter TS aT Fra er ae Stet FI ee: (A) (A) att (aH we E FET (R), (A) at ad ren 7a B1 (8) (A) ait (R erat ae F TB), (A) Baal are e1 (© (A) Ra 84g B TATE (D) (A) Tee FYB FAT SPACE FOR ROUGH WORK / tH werd & fered STE 7210/TFU-ECO/GLE-IL37. 38. Which of the following is not used by Reserve Bank of India for controlling credit ? (A) Increase in CRR (B) Increase in SLR © (D) Increase in Bank Rate Increase in purchase of Government Securities Match items in List-I with items in List-II and select the correct answer from the code given below : List-I List-II (@) Make in India (i) 28 Aug. 2014 (©) Pradhan Mantri (ji) 25 Sept. 2014 Jan-Dhan, Yojana (©) National Skill Development Mission (ii) 16 Jan. 2016 (a) Startup India (iv) 15 July 2015 Codes : @ © © @ (A) @) Gi) Gy) @ ® @ Gi) @ Gy) © @ @ & i) (©) Gi) @ () @ 37. 38. unetta esr aay gra Fra 8 fener seit area Priam eq wet fare ore B? (A) tama a afs (8) wmar. gfe Q tani gs (D) werd ward at ate F as aS a agi wh Get Fh ae are aera BE sie ae fea na ai a wel BR a BE ait ain (a) 34m dear @ 28 sre 2014 () wart se, (ii) 25 fanfare 2014 ast (0) Were fara (iii) 16 SAR 2016 Saez fre (a) wear giz (iv) 15 Gene 2015 ae: @ (b) @) (d@ (A) @) Gi) @) @ ® @ Gi) @ (vy) © @ @ @& fii) () Gi) @ Gv) SPACE FOR ROUGH WORK / T@ rd & feat wre 7210/TFU-ECO/GLE-IL39, Match items in List-I with items in List-Il and select the correct answer from the code given below : List-I List-I (a) Fiscal (Total Revenue Deficit expenditure — Total Revenue receipts (b) Budget —_— (ii). Total Revenue ~ Deficit Total expenditure excluding interest payment on Debt. (©) Revenue (ii) Total revenue Deficit excluding the borrowing ~ Total expenditure (@ Primary (iv) Total revenue — Deficit Total expenditure Codes : @ © © @ ~ @ Gi) @ Ov) @) Gi) @) @ Ow @ w# @ ©) Gi) @ @ o&) 39, ete Fa vg wei a qatar F at we Hei ma Galera Bt wal aa fea A Gel A we Sete HE Sn wu (a) Uses we @) | He TSS Fa wre wit & we Gy) FIA - FAH, a ATS ETA wi dieat (ii) EMH BEAT Ba a — FIT (9 We ARI (a) wef set (iv) FI STA — Fe AT ae: (@) >) (a) 4 @ GH @ @®) Gi) @ @ @ © @® Gi) @ Co) © Gi @ @ ) SPACE FOR ROUGH WORK / Ta are & fera se 7210/TFU-ECO/GLE-II 2340. 41. Assertion (A) : In the heydays of planning, Amartya Sen advocated the adoption of capital intensive techniques for India. Reason (R) : India is a relatively labour abundant country. For the statements given above which of the following is correct ? (A) Both (A) and (R) are true and (R) is the correct explanation of (A). (B)_(A)is true but (R) is false. (©) Both (A) and (R) are true but (R) is not the correct explanation of (A). © (A) is false but (R) is true. Assertion (A) : In India, more and more farmers are getting pushed out of agriculture. Reason (R) : Their land base is becoming smaller. For the statements given above which of the following is correct ? (A) (A) is true but (R) is false (B) Both (A) and (R) are false (©) Both (A) and (R) are true and (R) is the correct explanation of (A) Both (A) and (R) are true but (R) is not the correct explanation of (A) (D) 40. 41. wher (A): sora & eaftiaara Yoel Sa A urea er re fi sheirat fees eef fare HIT (R) = RG area aH FATT Bat ZI sited aerit & fare frafataa a 8 aa wet 2 (A) (A) (R) Sa Fes (R), (A) BT wel ETAT B 1 (8) (A) Bere vey (R) AHI FI (©) (A) & (® Si wer FF (R), (A) Hr et Saat Fai BL (D) (A) sara & Fy (R) BT sifirenert (A) : ana 8 sare 8 sa fear act a cara ROT ST StI TE EL AUT (R) = Saar BPH STU Se Be ra ST ATS orlad ae & fore Freafetian 8 8 een eet 2 (A) (A) 3189 (R) FETE (B) (A) Wa (R) ST tae Fr (© (A) tae (R), (4) wet @ (A) 2 (R) Sit aes F eq (R), (A) ar eh eat EE ZI ©) SPACE FOR ROUGH WORK / tH ard & fer we 7210/TFU-ECO/GLE-IL42. 43. Assertion (A) : 42. In India, percentage share of service sector in GDP has increased during 2001-2011 Reason (R) : Life expectancy has increased in India during 2001-2011. For the statements given above which of the following is correct ? (A) Both (A) and (R) are correct and (R) is the correct explanation of (A). (B) Both (A) and (R) are correct but (R) is not the correct explanation of (A). (©) (A)is correct but (R) is false. (D) (A) is false but (R) is correct. Ifthe two regression coefficientsare given 43. by (0.45) and (—0.8) then the coefficient of correlation is (a) -0.36 (&) $0.36 (+06 (@) -06 Codes : (A) Only (a) is true (B) (a) and () are true (© (and (A) are true (D) All the above war (A): af 2001-2011 & dm HRA & wae We sae 9 Gen fa A fe rer aa eh RUT (R) : 2001-2011 % staf Fama H iter wear Hats gi arian ert & fre Pretend HS ae wet #2 (A) (A) G(R) SHI we G(R), (A) FT ad aa EI 8) (A) SR BH were FW), (A) a et eae Ae BI © (A) FFT FHA (D) (A) saa eq RWI! cafe & wdtart quia (—0.45) TH (—0.8) pra fea a Sah gees a pie a: (a) -0.36 (&) $0.36 () +06 (@ -06 Re: (A) Baa (a) THe ®) @ME) we © OM@ me (D) sa at SPACE FOR ROUGH WORK / ta word & fra we 7210/TFU-ECO/GLE-II 2544, 45. The mean and variance of a binomial 44, distribution is equal to (@) Jmp, Japa (&) mp, npq (np, Jnpq (2) n?p?, n°p?q? Codes : (A) @) and (b) are true (B) (b) and (o) are true (©) @and (a) (D) None of the above are true Assertion (A) : 45. The standard deviation is the positive square-root of the arithmetic average of the squared deviations of various values from their arithmetic means. Reason (R) : (+) and (~) sign are not ignored. For the statements given above which of the following is correct ? (A) Both (A) and (R) are correct and (R) is the correct explanation of (A). (8) (A) is correct, but (R) is not correct. (©) Both (A) and (R) are correct and (R). is not the correct explanation of (A). (D) (Ris correct, but (A) is not correct. fase face a ay Ue WAT Ea TAT tant: (@) Jap, ynpq (©) Jap, pq (© »p, Jmpq @ n2p?, npg? et (A) @B we we 8) HTC WE © @u@ we (D) sate a aig et afinenert (A) + fret artery & fate vel 8 aera 2 fea 1a fear & arf & aa are sr armen ater ware fraert Heer ‘RTT (R) : aet (+) wel (—) fori at ater ae Sra ‘sates seri & fore Freafirfaa a a ae wet *? (A) (A) site (R) Sr at & at (R), (A) ated arent) (B) (A) Bee, WA wa TEE (©) (A) ait (R) art ae & Ate (RY, (A) aad aren Ta T) (D) (B) FAS, Fe (A) THe! SPACE FOR ROUGH WORK / Th word & fea we 26 7210/TFU-ECO/GLE-I46, Assertion (A) : Karl Pearson's coefficient of correlation is best mathematical method of computing cortelation. Reason (R) : It is based on mean and standard deviation. For the statements given above which of the following is correct ? (A) Both (A) and (R) are correct and (R) is the correct explanation of (A). (8) (A)is correct, but (R) is not correct. (©) Both (A) and (R) are correct but (R) isnot the correct explanation of (A). (D) (R) is correct, but (A) is not correct. 47, Group-1 Group-II (a) Rejection of Hy (i) Stratified Random when it is true Sampling (b) Mean is equal to Gi) Type I error degrees of freedom (© Population is (ii) Positively Skewed heterogeneous distribution (@) Mean > mode (iv) x? distribution Codes : @ &% © @ 4 @ @& w @ ® @ @ @& w& © @ @ @ Gi (0) vy) @ @ Gi) 46. 47. aifirenert (A) = capret feereta ar Sea Tis TTT AT we at adie afta fafer 81 RUT (R) + ae re wel ay rer Tene gated wert & fag Preafafn 8 ae wet * (A) (A) at (R) ari wet € hk (R), (A) ated arent (B) (A) Re TIT (R) BEA (©) A) ate (R) SH Baz, TB), (A) Stadt aren wei a1 ©) BREE, AA) TATE! at ett (@) Hy ar sretgfa () Fifa ages va fe aga B wire (&) wereaiaden Gi) eer ae aR e () Seton farm Gai) Ter fare safer = ‘frac (@) wrer> age Gv) x? Fa ee: @ & © @ (@) @) @&) Gi) @ ® @ @ #& w&) © @ @ @ () @) @ @ Gi) SPACE FOR ROUGH WORK / Ta ard & fora IE 7210/TFU-ECO/GLE-II48. &) 0 (a) Match the following and choose the 48. correct answer Group-I Trend @ Coefficient of (i) Variation Mean=np (ii) Systematic (iv) Variation Codes : @ © © @ @ ) @ ®) @ Gi) Gv) © @) @ (D) Gi) @) (iv) Group-II (SD/mean) x 100 Normal Time series Binomial (a) (ai) (i) i Gi) Frefoften at qifem at wa wet ae: (a) (B) © (D) wat (i) Gv) @ Gil) &) @ ®) @ (i) Gi) (iv) (©) @ ) (a (iv) SPACE FOR ROUGH WORK / Ta @a & fora Te 28 qe (wary faery are) x 100 are att (a) (ii) (i) i) 7210/TFU-ECO/GLE-II49. Match the following and choosethe 49. frofafad a ates at wa wat set a: correct answer : Group-I Group-II qa at (a) Range (i) Square of (a) fram @) 3a fase a at standard deviation (b) Coefficient (i) Uses limited (o) fare yoie Gi) sift qari ar of Variation information sri (©) Variance (iii) Relative measure of ( 7 (ai) aR a aT dispersion I (d) Interquartile (iv) Smaller than range @ ares (iv) fara # ger range fae oa Codes : cd f@) ) © (4) @ &) © @ (A) Gy) Gi) OH) (A) @&) @) @ @ 6) Gi) ® @ O) ® Gd @ @ &) © @ gi) O &) © # @ ® &) ©) @ @ Gi) te) ) @ Gd Gi) by) SPACE FOR ROUGH WORK / 7a ard & fer IE 7210/TFU-ECO/GLE-II 2950. Group-I (@) Total area under (i) normal curve (&) Square of SD (ii) (©) Symmetric (ii) distribution (A) Co-efficient of (iv) variation Codes : @® © © @ 4) G @ @ @ ®) i) @) @ Gi) Ow ® @ ww ©) @ @ Gi) Ge) -000- Group-II 50. B,=0 (a) 1 (b) x x 100 © Variance @ Fe: (A) (B) © () aa etn Wr aw (i) B,=0 ores ga Bt wears Paar (i) 1 fea Fere—Giy & > 10 Gi) @) @ Gi) @ @) @ Gi @&) @ @ Gi @® @ Gi Gy) -0Oo0- SPACE FOR ROUGH WORK / T& @a & fea we 30 ‘7210/TFU-ECO/GLE-ISPACE FOR ROUGH WORK / Ta ard & fer STE 7210/TFU-ECO/GLE-II 31Sar affena at at aa: 1 der 15 fae | [ safiraramt aies : 100 Time for marking answers : 1 Hour 15 Minutes |[ntaximumn Marks 100 ae: 1. Fea oer gferar 4 some — woe wer 2 sim ae) ANT eT eI ET afrarf t1 2, well a oe, do OMR sieve (stave) 1 altars af 3. Fame eater at Pen ee 4, fare st ae & erpeter om cla tact we anger Be a we afta 8 5. OMR sexe (aiet-viz) a vein eet are teh ae onmaart 3 siya fred ae ee wa aT se Are on farctae safe ve ora frre ween ae ea STA Note : 1. This Question Booklet contains 50 questions. Each question carries 2 marks. Answer all questions. 2. Indicate your answers on the OMR Answer-Sheet provided. 3. Nonegative marking will be done. 4, Use of any type of calculator or log table and mobile phone is prohibited. 5. While using OMR Answer-Sheet care should be taken so that the Answer-Sheet does not get tom or spoiled due to folds and wrinkles. 32 7210/TFU-ECO/GLE-II