Q.1.
In an economy with a linear homogeneous Cobb-Douglas production function, the
share of capital and labour in total output are, respectively, 40% and 60%. The
capital stock and labour force are growing, respectively, at 8% and 3% per
annum. If the rate of growth of output is recorded as 7% per annum, then the
rate of growth of the total factor productivity will be?
1. 4%
2.
2%
3. 11%
4. 10%
Q.2. according to new classical economics, real
business cycles are the result of which of the following?
(I) Innovations
(II) Bad weather
(III) Tax policy
(IV) Debt policy
Choose the correct answer from the code given below:
Codes:
1. (I)
and (III)
2. (II)
and (IV)
3.
(I) and (II)
4. (III)
and (IV)
Q.3. GST which came into effect from 1st
July, 2017 has four (04) tax slabs applicable to the commodities and services
in India. Which of the following tax slabs are correct?
1. 5%,
8%, 12% and 18%
2. 8%,
12%, 15% and 18%
3.
5%, 12%, 18% and 28%
4. 8%,
12%, 18% and 28%
Q.4. Development expenditure of the central government
does not include
(i) Grant to states under central sponsored schemes
(ii) Expenditure on social and community services
(iii) Expenditure on economic services
(iv) Defense expenditure
Choose the correct answer from the code given below:
Code:
1. (ii)
and (iii)
2.
Only (iv)
3. (iii)
and (iv)
4. (i)
and (ii)
Q.5. according to the cash balance approach, the
elasticity of the demand for money?
1.
Is equal to 1
2. Is
less than 1
3. Fluctuates
with the changes in the phases of inflation
4. Is
more than 1
Q.6. An increase in the level of government spending,
other things being equal, will in the IS-LM model?
1.
Increase the level of equilibrium income at all interest rates,
shifting the IS curve right
2. Always
move an economy to full employment
3. Increase
interest rates, shifting the LM curve to the left
4. Lower
interest rates, shifting the LM curve to the right
Q.7. an economic region of production consists of
1.
The highest points of all isoquants
2.
The positivity sloped portions of all isoquants
3. The negatively sloped of all
isoquants
4.
The middle of all isoquants
Q.8. which of the statements about Pareto -optimality
is incorrect?
1. All
the factors are used in production of all the commodities
2. Consumers
maximize their satisfaction
3.
Consumers have cardinal utility functions
4. There is perfect competition in the factor and
commodity markets
Q.9. to compute the “index of sustainable economic
–welfare” which of the following corrections is/are made in the value of GDP?
1. Subtract
the monetary value of depreciation
2.
Subtract the costs of environmental degradation
3. Subtract
the monetary value of the loss due to flood and droughts
4. Subtract
the monetary value of expenditure on Defense
Q.10. According to the union budget, which of the
following fiscal deficit targets for 2018-19 is correct?
1. 4.5%
of the GDP
2. 4.3%
of the GDP
3. 5.3%
of the GDP
4.
3.3% of the GDP
Q.11. an income tax will be progressive if
1. Marginal
rate of tax is less than the average rate of tax
2.
Marginal rate of tax is greater than the average rate of tax
3. Marginal
rate of tax is zero
4. Marginal
rate of tax is equal to the average rate of tax
Q. 12. If (K/L)A >(K/L)B, then
1.
Country A is capital abundant
2. Country
A is having cheap labor
3. Capital
is dear in country A
4. Country
A is labor abundant
Q.13. technological dualism means
1. Prevalence
of different technologies in agricultural sector in underdeveloped countries
2.
Prevalence of different production functions in the advanced and
traditional sector in underdeveloped countries
3. Prevalence
of different production functions in domestic and export sector of
underdeveloped countries
4. Prevalence
of different production functions in the industrial sectors in underdeveloped
countries
Q.14. which of the following statements is/are correct
about normal profit?
1.
It is earned in the both the long period and the short period
2. It
is earned in the long period only
3. It
is earned only in perfect completion
4. It
is earned in the short period only
Q.15. planning from below is known as
1.
Decentralized planning
2. Functional
planning
3. Structural
planning
4. Centralized
planning
Q.16. which of the following is not a part of the
peacock-wiseman hypothesis?
1. Concentration
effect
2. Displacement
effect
3. Inspection
effect
4.
Announcement effect
Q.17. consider the following diagram and statements:
(i)
Saving is positively related to income
(ii)
Marginal propensity to save is positive, but
less than 1
Choose the correct answer from the code given below:
Code:
(i)
Both (i) and (II)
(ii)
Only (II)
(iii)
Only (I)
(iv)
Neither (I) nor (II)
Q.18. arrange the following crop insurance schemes in
the chronological order of their launch:
(i)
Comprehensive crop insurance scheme
(ii)
National agriculture insurance scheme
(iii)
Modified national agriculture insurance scheme
(iv)
Pradhan mantra fasal bima yojna
Code:
(i)
I, iii, ii, iv
(ii)
Ii, iii, I, iv
(iii)
I, ii, iii, iv
(iv)
Iii, ii, iv, i
Q.19. which of the following statements is true for
the Indian economy according to the world bank figures for 2017?
(i)
India’s GDP amounted to $5 trillion at the end
of 2017
(ii)
India is now the world’s sixth biggest economy
(iii)
Both above
(iv)
None of the above
Q.20. global competitiveness report is released by
which of the following organizations?
(i)
WTO
(ii)
World economic form
(iii)
EU
(iv)
World bank
Q.21. BOP on capital account does not include
(i)
Government loans to foreign governments
(ii)
FPI
(iii)
Balancing foreign direct investment
(iv)
Net income transfers
Q.22. consider the following:
I.
Fringe benefit tax
II.
Capital gains tax
III.
Securities transaction tax
Which of the above is/are direct tax/taxes?
Choose the correct answer from the code given below:
(i) Only
I
(ii) II
and III
(iii) I
and III
(iv) I, II and III
Q.23. who among the following said that “money is a
temporary abode of purchasing power”?
(i)
Milton Friedman
(ii) Irving
fisher
(iii) James
Tobin
(iv) William
J. Baumol
Q.24. in a hypothetical economy, the rate of growth of
nominal GDP is 15% per annum, the annual rate of growth of GDP deflator is 5%.
If the population is growing at the rate of growth of 2% per annum, what will
be the annual rate of growth of per capita real GDP?
(i)
8%
(ii) 7%
(iii) 3%
(iv) 10%
Q.25. if for the constant elasticity of substitution
production function, the value of the substitution parameter (ρ) is = -1, the elasticity
of substitution will be?
(i) Zero
(ii) Unity
(iii) Indeterminate
(iv) Infinite
Q.26. which is not true for the third stage of the
theory of demographic transition?
(i) Birth
rate declines faster
(ii)
Population growth becomes zero
(iii) Death
rate declines but slowly
(iv) Population
growth rate approximately stabilize in a new range
Q.27. as per the SRS bulletin of September 2017,
estimated death rate for Kerala is 7.6, while for Bihar it is 6. From these
data which is the correct inference to draw?
(i)
Ageing of population in kerala is faster than in bihar
(ii) Suicide
rate in kerala is very high
(iii) Life
expectancy in bihar is higher than that in kerala
(iv) Health
conditions of people in bihar is better than that in kerala
Q.28. intellectual property tights include
(i) Copyrights
(ii) Trademarks
(iii) Patents
(iv) All of the above
Q.29. the price elasticity of a linear supply curve
through the origin is
(i) Infinite
(ii)
Unity
(iii) Zero
(iv) Less
than unity
Q.30. which of the following will result in the
“crowding in” effect in economy?
(i) Public
borrowings to finance spending on infrastructure
(ii) Public
borrowings to finance spending on salaries and wages
(iii) Public
borrowings to finance spending on health and education
(iv) Public
borrowings to finance spending on skill development
Choose the correct answer from
the code given below:
Code:
(i) (iii)
and (iv)
(ii) (i)
and (ii)
(iii)
(i), (iii) and (iv)
(iv) (i),
(ii) and (iii)
Q.31. in the basic neo-classical growth model, where
does the growth equilibrium occur ?
(i) Where
investment per worker equals capital per worker
(ii) Where
capital per worker in equals output per worker
(iii)
Where investment per worker is equal to saving per worker
(iv) Where
investment per worker equals depreciation of capital for worker
Q.32. which of the following correctly describes the
Musgrave and Thin’s measure of tax progressivity?
Where
Ga = Gini’s coefficient
after tax,
Gb = Gini’s coefficient
before tax.
(i)
M=1- Ga/1- Gb
(ii) M=
Ga/ Gb
(iii) M=
1- Gb /1- Ga
(iv) M= Gb / Ga
Q.33. consider the following statements in the context
of the new trade theory:
(i) It
explain why countries trade in similar goods
(ii) It
assumes free trade
(iii) It
assumes that trade takes place in monopolistic conditions
(iv) It
exploits the economics of scale in production
Which of the above statements
are correct?
Choose the correct answer from
the code give below:
Code:
(i)
(i), (iii) and (iv)
(ii) (i)
and (ii)
(iii) (i)
and (iii)
(iv) (ii)
and (iv)
Q.34. in the year 2015-16, India has not been an
importer of which of the following products?
(i) Apples
(ii) Rice
(iii) Pulses
Choose the correct answer from
the code given below:
Code:
(i) (i)
and (iii)
(ii) (i),
(ii) and (iii)
(iii)
Only (ii)
(iv) (ii)
and (iii)
Q.35. which of the following is not a macro-economic
challenge before Indian economy as of now?
(i)
High imports of gold
(ii) Depreciation
of Indian rupee
(iii) Rising
protectionism in the world
(iv) Widening current account deficit
Q.36. on which of the following do Keynesians and
monetarists agree?
(i) The
most important cause of demand shocks in changes in supply
(ii) Output
deviates at times from the potential output because of demand shocks
(iii)
The demand for money is interest elastic
(iv) When
there is recessionary gap, flexible wages will retrieve the labor market to
equilibrium quickly
Q.37. the public expenditure in India is classified as
capital and revenue. Which of the following is/ are revenue expenditure?
(i) Subsidies
(ii) Interest
payments on public debt
(iii) Wages
and salaries
Choose the correct answer
from the code given below:
Code:
(i) (i)
and (iii)
(ii) (i)
and (ii)
(iii) (ii)
and (iii)
(iv) (i), (ii) and (iii)
Q.38. which of the following concept- economist paired
is not correctly matched?
1.
Super multiplier- J.M. Keynes
2. Knife-edge
problem- Harrod -Domar
3. Golden
rule of accumulation- E.S. Phelps
4. Turnpike
conjecture- Dorfman, Samuelson and Solow
Q.39. which amongst the following is/are correct for
the Keynesian model?
1. It
ignores the money market
2. It
assumes full employment of resources
3. It
is supply determined
4.
None of the above
Q.40. the Inada conditions are applicable to
1. A
well-behaved investment function
2. A
well-behaved consumption function
3. A
well-behaved technical progress function
4.
A well-behaved production function
Q.41. arrange the following events in the
chronological order regarding Indian economy:
I.
First phase of nationalization of banks
II.
Establishment of Narasimhan committee on the
banking system
III.
Enactment of FEMA act in India
IV.
Establishment of EXIM bank in India
Choose the correct answer from
the code given below
Code
I.
(I),(II),(III), (IV)
II.
(I), (III), (II), (IV)
III.
(I), (IV), (II),(III)
IV.
(I),(III), (II), (IV)
Q.42. opportunity cost theory assumes that
I.
Labor is the only factor of production
II.
Cost of commodity is equal to labor cost only
III.
Labor is homogenous
IV.
None of the above
Q.43. which of the following is not included in the
category of bio-fuels?
I.
Biodiesel
II.
Compressed natural gas
III.
Bioethanol
IV.
Gobar gas
Q.44. which of the following is considered as the
third stage in the Rostow’s stages of economic growth model?
I.
Traditional society
II.
Pre-condition for a take off
III.
High mass consumption
IV.
Take off
Q.45. T.W. Schultz has given the following ratios in
relation to education for economic growth:
I.
Education labor ratio
II.
Education labor ratio, education-income ratio and education investment
ratio
III.
Education capital and labor ratio
IV.
Education income ratio
Q.46. which of the following is the appropriate
measure of openness of the economy?
I.
Export+ Import/GDP
II.
Export- import
III.
Export/import
IV.
Export- import/population
Q.47. match list-I with list-II and choose the correct
answer from the code given below
List-I
list-II
(a) n=
Pk (i) A.C. Pigou
(b) M=PkT (ii) keynes
(c) P=kR/M (iii) Alfred Marshall
(d) M=kPY (iv) D.H. Robertson
Code:
I.
(a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)
II.
(a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)
III.
(a)-(i), (b)- (ii), (c)-(iii), (d)-(iv)
IV.
(a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)
Q.48. problem of adverse selection arises due to
I.
No information
II.
Full information
III.
Asymmetric information
IV.
Wrong information
Q.49. which of the following is not an objective of
marginal cost of funds based lending rate (MCLR)?
I.
To enable to RBI to achieve the inflation target
II.
To enable banks to become more competitive
III.
To improve the transmission of policy rates into
the lending rates of banks
IV.
To ensure availability of bank credit in
interest rates which are fair to borrowers are well as banks
Q.50. arrange the following states in descending order
according to maternal mortality ratio (MMR) as par the special bulletin of SRS,
May, 2018:
I.
Assam
II.
Bihar
III.
Madhya Pradesh
IV.
Uttar Pradesh
Choose the correct answer from the code given below:
Code:
I.
(I), (IV), (III), (II)
II.
(III), (II), (I), (IV)
III.
(IV), (I), (II), (III)
IV.
(II), (IV), (III), (I)
Q.51.the statement, “Too much money chasing too few
goods” is based on which of the following theoretical concepts?
I.
Quantity theory of prices
II.
Quantity theory of money
III.
Inventory theoretic approach to the demand for
money
IV.
Real balance effect
Q.52. who is the author of the book, “I do what I do”?
I.
Raghuram G. Rajan
II.
Jagdish N. Bjagwati
III.
Arvind panagariya
IV.
Amartya sen
Q.53. ‘round tripping’ in international trade is a
method
I.
To boost foreign direct investment
II.
Of financing start-ups
III.
To increase exports
IV.
To evade tax
Q.54. according to Bent Hansen, which amongst the
following were treated as factors enhancing effective demand?
(i) Public
expenditure
(ii) Rising
population
(iii) Banking
and financial system
Choose the correct answer from
the code given below:
Code:
I.
(i) and (iii)
II.
(i), (ii) and (iii)
III.
(ii) and (iii)
IV.
(i) and (ii)
Q.55. which of the following statements about rational
expectations is false?
I.
It assumes that people take account of all
information
II.
It implies that expected changes in demand have
no effect on unemployment
III.
It implies that unexpected changes in demand have long lasting effect
on both unemployment and price level.
IV.
It assumes that on an average the forecasts made
by public are correct
Q.56. why are indirect taxes called regressive?
I.
They are charged at higher rates than direct tax
II.
They are charged at the same rate for all income groups
III.
Both above are correct
IV.
None of the above are correct
Q.57. which of
the following is/are true for Karl Mark’s theory of economic development?
(i)
Mode of production changes independently
(ii) Relations
in production changes independently
(iii) Both
above
(iv) None
of the above
Q.58. the national rural health mission was launched
in the year
(i) 2009
(ii) 1998
(iii)
2005
(iv) 1991
Q.59. which of the following act as an instrument to
help in the borrowing by the government?
(i) Repo
rate
(ii) Reverse
repo rate
(iii) CRR
(iv) SLR
Choose the correct answer from the code given below:
Code
Only
(iv)
(i) and (iii)
(iii) and (iv)
(i) and (iv)
Q.60. historically the term of trade of the developing
countries have been unfavorable due to the fact that when income in developed
countries rises, the demand for primary goods declines because
(i) Income
elasticity of demand for primary goods is zero
(ii)
Income elasticity of demand for primary goods is low
(iii) Income
elasticity of demand for primary goods is high
(iv) Price
elasticity of demand for primary goods is high
Q.61. consider the following statements:
1. Minimum support price (MSP) policy of India covers only
wheat, paddy and coarse cereals
2. Minimum support price (MSP) for grade-A paddy is
always higher than that of common paddy
Choose the correct answer from the code give below:
Code:
(i)
Only (ii)
(ii) Only
(I)
(iii) Neither
(I) nor (II)
(iv) Both
(I) and (II)
Q.62. devaluation will be more effective when
(i) International
capital is freely mobile
(ii) International
capital is not freely mobile
(iii) Marginal
propensity to import is high
Which of the above statement is/are correct?
Choose the correct answer from the code given below:
Code
(I) and (iii)
Only (iii)
(ii) and (iii)
Only
(ii)
Q.63. the original interpretation of balance growth
related to
(i) All
sector growing at the same rate
(ii)
Large scale expansion of activities to overcome divergence between
private and social benefits
(iii) Equal
amount to investment in all sectors
(iv) Absence
of shortage or excesses
Q.64. the concept of universal banking was recommended
by which of the following committee?
(i) T.H.
Malegam committee
(ii) Abid
hussain committee
(iii) S.Padmanabhan
committee
(iv) R.H. khan committee
Q.65.consider the following statement about the
average fixed cost of a firm:
(i) Its
slope is always negative
(ii) Its
slope is always greater than one
(iii) Its
slope is always equal to one
(iv) Elasticity
with respect to output is equal to one
Choose the correct answer from the code given below
Code:
(i) and (iv)
Only (iii)
(ii) and (iii)
Only (i)
Q.66. which of the following are the objectives of the
commission for agriculture costs and prices (CACP)?
(i) To
ensure meaningful real income levels to the farmers
(ii) To
stabilize agricultural prices
(iii) To
protect interest of the consumers
Choose the correct answer from the code given below:
Code:
(ii) and (iii)
(i) and (ii)
(i) and (iii)
All
of the above
Q.67. consider the following statements about the law
of variable proportions
1. Input ratio remains unchanged
2. Ultimately the marginal and average product of
variable input becomes negative
3. Effect of technological changes is visible on output
Choose the correct answer from the code give below
Code:
(i) and (ii) are correct
Only (ii) is correct
(ii) and (iii) are correct
None
of the above statement is correct
Q.68. According to Schumpeter theory of development,
which of the following statements is correct?
(i) Democracy
enhances the efficiency of an economic system
(ii) The
expansion of economic outputs is limited by the real saving of the economy
(iii) All
of the above are correct
(iv) None of the above is correct
Q.69. which of the following is statements is/are
correct about Uzawa’s theorem?
(i) The
growth rate of output per worker, consumption per worker and capital per worker
are equal and constant over time
(ii) The
production function is linear homogenous
(iii) The
technical progress is ‘Harrod netural’ only
(iv) All of the above
Q.70. match list-I with list-ii and choose the correct
answer from the code given below:
List-I list-ii
(a) Absorptive capacity of capital (i) M. Kalecki
(b) Technological dualism (ii) A.O. Hirschman
(c) Physical quality of life index (iii) D. Morris
(d) Permissive and compulsive sequences (iv) B. Higgins
Of expanding industries
Code
I.
(a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)
II.
(a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)
III.
(a)-(i), (b)- (ii), (c)-(iii), (d)-(iv)
IV.
(a)-(ii), (b)-(iv), (c)-(iii), (d)-(i)
Q.71. what is the required capital adequacy ratio for
a new bank to apply for a license, under the draft guidelines of RBI?
(i) 10%
(ii)
12%
(iii) 11%
(iv) 9%
Q.72. who among the following has been awarded the
Nobel Prize in economics “for analysis of markets with asymmetric information”?
(i) Robert
A. Mundell
(ii)
George A. Akerlof
(iii) Richard
Thaler
(iv) Paul
Krugman
Q.73. who amongst the following economists treated
nature to be niggardly?
(i) J.S.
Mill
(ii) David
Ricardo
(iii) Karl
Marx
(iv) Thomas
Robert Malthus
Choose the correct answer from the code given below:
Code:
(iii) and (iv)
(i), (ii), and (iii)
(ii) and (iv)
(ii)
and (iii)
Q.74 what is true for neo-classical growth model?
(i) Rate
of interest and profit are flexible
(ii) Capital
is heterogeneous
(iii) Perfect
competition prevails
(iv) Capital
and labor are substitutable
Choose the correct answer from the code given below
Code
(i), (ii), and (iii)
(ii) and (iii)
(i),
(iii), and (iv)
All of the above
Q.75. match list-I (authors) with list-ii (books) and
choose the correct answer from the code given below
List-I
list-ii
(Authors)
(Books)
(a) Milton Friedman
(i) Das capital
(b) Joseph Schumpeter
(ii) Capitalism and freedom
(c) Karl Marx
(iii)
Capital in the21st century
(d) Thomas Piketty
(iv) Capitalism, socialism and democracy
Code:
I.
(a)-(iii), (b)-(i), (c)-(iv), (d)-(ii)
II.
(a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)
III.
(a)-(iii), (b)- (ii), (c)-(i), (d)-(iv)
IV.
(a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)
Q.76. the presumption that costly new technology would
be undersupplied by the private sector is based on the essential characteristic
of new knowledge.
It is (A)…………………………and (B)…………………………..
(i) (A) Rivalous (B) Non-excludable
(ii) (B) Rivalous (B) Excludable
(iii)
(C) Non-rivalous (B) Non-excludable
(iv) (D) Non-rivalous (B) Excludable
Q.77. which among the following is not an instrument
of money market?
(i) Certificate
of deposit
(ii) Commercial
paper
(iii)
Preference share
(iv) Treasury
bill
Q.78. a rise in general price level may be caused by
which amongst the following?
1. An increase In the money supply
2. In increase in the aggregate level of output
3. An increase in the effective demand
Choose the correct answer from the following code given
below
Code
(i)
and (iii)
Only (iii)
(i), (ii), and (iii)
(i) and (ii)
Q.79. in the context of ‘transformation of
aspirational districts’ programme, consider the following statements
1. There are 115 districts in this programme
2. The core strategy of this progremme is convergence,
collaboration and competition
3. There are 49 key performance indicators to measure the
progress of the districts
Choose the correct answer from the code given below:
Code
(i) and (ii)
(ii) and ( iii)
(i) and (iii)
(i),
(ii), and (iii)
Q.80. the frequent farm loan waivers in India may give
rise to the problem of
1. Adverse
selection
2. Deb
overhang
3.
Moral hazard
4. Risk
aversion
Q.81. given below are two statements, one labeled as
assertion (A) and the other labeled as Reason (R). read the statements and
choose the correct answer using the code given below
Assertion (A): business cycles according to new
classical economics are monetary in nature
Reason (R) : these are the results of the fall in
real wage rates.
Code
Both (A) and (R) are true and (R) is the correct
explanation of (A)
(A)
is false, but (R) is true
Both (A) and (R) are true, but (R) Is not the correct
explanation of (A)
(A) is true, but (R) is false
Q.82. given below are two statements, one labeled as
assertion (A) and the other labeled as Reason (R). read the statements and
choose the correct answer using the code given below
Assertion (A): A progressive income tax is based
on equimarginal sacrifice
Reason (R) : Higher the income, lower will be the
marginal utility of money for the tax payer
Code
Both
(A) and (R) are true and (R) is the correct explanation of (A)
(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
Q.83. given below are two statements, one labeled as
assertion (A) and the other labeled as Reason (R). read the statements and
choose the correct answer using the code given below
Assertion (A): in an oligopolistic market, there is
price rigidity
Reason (R) : Rival firms match price decrease but
not price increase
Code
(A) is false, but (R) is true
Both (A) and (R) are true, but (R) Is not the correct
explanation of (A)
(A) is true, but (R) is false
Both
(A) and (R) are true and (R) is the correct explanation of (A)
Q.84. given below are two statements, one labeled as
assertion (A) and the other labeled as Reason (R). Read the statements and
choose the correct answer using the code given below
Assertion (A): in the P.N. Rosenstein Rodan’s
model, the positive role of individualities in production has been analyzed
Reason (R): Removal of indivisibilities leads to
constant returns to scale in production
Code
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)
(A)
is true, but (R) is false
(A) is false, but (R) is true
Q.85. given below are two statements, one labeled as
assertion (A) and the other labeled as Reason (R). Read the statements and choose
the correct answer using the code given below
Assertion (A): Indian is a service sector derived
economy.
Reason (R): Share of the service sector in total
employment is higher
Code
(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
Both (A) and (R) are true and (R) is the correct
explanation of (A)
Q.86. in regression analysis, if a quantitative
variable has ‘m’ categories, one can introduce
(i) Only
m dummy variables
(ii) Only
2 m variables
(iii)
Only m -1
dummy variables
(iv) Only
m +1 dummy variables
Q.87. a monopolist faces a linear demand curve
p=100-4q, while his cost function is C=50+20q. the profit maximizing output for
this monopolist is
(i)
10
(ii) 5
(iii) 20
(iv) 40
Q.88. if demand for a consumer is given by the
function p=27-3x-x²
(Where x= quantity demanded, p= price), the consumer’s
surplus at x=3 is
(i) 32.5
(ii) 50.5
(iii)
31.5
(iv) 49.5
Q.89.the price elasticity of demand for goods with the
demand function q=kp¯ʳ (here p is price, q is quantity
demanded and (k) and (r) are positive constants) is
(i) 1
(ii) Not
constant as the function is non-linear
(iii) 1/r
(iv) r
Q.90. though two time series are individually
non-stationary, their linear combination is stationary. This is an example of
(i) Spurious
regression
(ii) Trend
stationary
(iii)
Cointegration
(iv) Random
walk
Q.91. in the context of simultaneous equations
econometric models, consider the following statements
(i) Both
order and rank conditions for identification are to be satisfied before
estimation
(ii) Order
condition is necessary but not sufficient condition of identification
(iii) Two-stage
least squares method is suitable for over-identified equations
Which of the above statements is/are correct?
Choose the correct answer from the code given below:
Code
(i)
Only (i)
(ii)
(i) and (iii)
(iii)
Only (ii)
(iv)
(i), (ii), and (iii)
Q.92. a series of index numbers is given below as
follows:
Year: 2014 2015 2016
Index number:
100 120 126
If the base year is shifted to year 2015, the value of
index number in the year 2016, in the new series will be;
(i)
105
(ii) 151.2
(iii) 95.2
(iv) 106
Q.93. by autocorrelation we mean that
(i) The
residuals of a regression model are related with one or more of the regression
(ii)
The residuals of a regression model are not independent
(iii) The
variance of the residuals of a regression model is not constant for all
observations
(iv) The
square of the residuals of a regression model are not equally spread
Q.94. Harrods’s growth model is given as under:
St=αYt 0<α<1
ɪt=β[Yt-Yt-1] β>0
St= ɪt
Where St=
saving, Yt=income, ɪt=investment,
t=time
In this model for economic growth, the condition for economic
growth is
(i) β/α>0
(ii) β/α-β>0
(iii)
β/β-α>1
(iv) β/β-α<0
Q.95. Match list-1 with list-2 and choose the correct answer from
the code given below
List-1
list-2
(a) Hawkins-Simon conditions (i) Theory of game
(b) Saddle point (ii)
Non-Linear programming
(c) Simplex method (iii)
Input-output method
(d) Kuhn-Tucker condition (iv) Linear programming
Code:
(i) (a)-(iii),
(b)-(ii), (c)-(i), (d)-(iv)
(ii) (a)-(ii),
(b)-(i), (c)-(iii), (d)-(iv)
(iii) (a)-(i),
(b)- (ii), (c)-(iv), (d)-(iii)
(iv) (a)-(iii), (b)-(i), (c)-(iv),
(d)-(ii)
Q.96 Match list-1 with list-2 and choose the correct answer from
the code given below
List-1
list-2
(a) Delphi method (i)
Stationary
(b) Dickey-Fuller test (ii)
Autocorrelation
(c) Durbin-Watson test (iii) testing
significance of a regression coefficient
(d) Student’s t –test (iv)
Forecasting
Code:
(i)
(a)-(iv), (b)-(i), (c)-(ii), (d)-(iii)
(ii) (a)-(i),
(b)-(iv), (c)-(iii), (d)-(ii)
(iii) (a)-(iv),
(b)- (ii), (c)-(i), (d)-(iii)
(iv) (a)-(i),
(b)-(ii), (c)-(iii), (d)-(iv)
Q.97. a box contains 10 bulbs, 4 of which are defective. If 3 of
the bulbs are drawn randomly without replacement, what is the probability that
all three bulbs are defective?
(i)
1/30
(ii) 4/10
(iii) 3/10
(iv) 3/4
Q.98. in two-variable regression, the correlation coefficient
between dependent and independent variable Y and X is 0.7. what is the
percentage of variable in Y explained of by X?
(i)
49%
(ii) 7%
(iii) 0.7%
(iv) 70%
Q.99. For
the diagram given below, which of the following is correct in terms of
derivatives?
(i) dy/dx>0,
d²y/dx²>0
(ii) dy/dx<0,
d²y/dx²>0
(iii) dy/dx<0,
d²y/dx<0
(iv) dy/dx>0, d²y/dx<0
Q.100. consider the following statements about a time
series of annual observation on sales of a firm for ten years:
(i) The
series will have seasonal variations
(ii) The
series will have a secular trend
(iii) The
series will have cyclical variations
Choose the correct answer from the code given below
Code
(i) and (ii)
(i),
(ii), and (iii)
(ii) and (iii)
(i) and (iii)
