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,, , Entrance Examinations - 2021, M.A. Economics, , Hall Ticket Number, , Time: 2 hOUfS, Max. Mark ~ : 100, , Part A: 25 Marks, Pm1 B: 75 Marks, , INSTRUCTIONS, , I. Please read, sheet., , the~c, , instructions carefully before marking, , yOW", , answers on the OMR answer, , 2. Write your HaJl Tkkel Number on the Ol\ffi Answer Sheet given to you. Also write tbe, Hall Ticket Number in the space provided above., 3. Answers are to be marked on the OlVlR answer sheet following the instructions provided, thereon., 4. Handover the OMR answer sheet after the examination to the Tnvigi!ator., , 5. There arc pla in sheets in the booklet for rough work, no additionaJ sheets will be, provided., 6. There are a total of 100 questions in this paper: Part A (25 questions) and Part B (75, questions)., 7. There is uegatin marking. For each question. the correct answer gets 1 (ONE) mark, and a wrong answer gets - 0.33 marks . Each question has only one eOITect option., 8. The appropriate answer should be coloured with either u blue or a black ball point or a, sketch pen on the OMR sheet. DO NOT USE A PENCIL., 9. The question paper contains 22 pages including the cover page and pages for rough work, (on pages 20 to 22)., 10. Thc question paper booklet can be taken by the candidmes at the end of the examination ., , 1

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•, , PART - A, , 1. If the invt:n;e supply and inverse dt:lIland [unction:; o f a commodity X are given by, , P, =- 8..L 4X and P d = 20 - 5X respectively, and if price P (ltl d quantity X are determined at the, e~uality, , of total demand and lotal supply, then the total surplus = consumer's su rplus, , +, , producer's surpl us is equal to, A. approxima tely 4 units., , B. 8 units., C. 18 units., D. 72 units., 2. If we have the Lcontief production function y = min {ax I, bx2 } with two inputs x 1 and x2 ,, the associated total cost fUHction will be of the, A. Lcontief function form ., B. Cobb-Douglas funct ion form., e. linear [ann ., D. non-linear fonTI., 3. In a simple Keynes ian model of a closed economy, the marginal propensity to consume, CMPC) is O.S . Iran income tax at 25 % of income is introduced th(l n the simple Keynesian, expendirun:: multiplier changes by:, A., B., C., D., , +25 %, · 25%, + 50%, - 50%, , 4. Euler's product exhaustion theorem preswnes, A., B., C., D., , fnereasing returns to scale, Constant returns to scale, Decreas.ing retums to scale, No stipulation on returns to sca le, , 5. Arrange the follo wing in the increasing ord er of income elastic ity of demand (ey):, , L Luxuries, , n., , Inferior goods, III Necessit ies, , A. llI - II-T, B. ll - T- JTT, C. [ - Tl - Ill, D. II TIl - I, , 2

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6. rrt·:.~ L" urren( rate of interest change..c; from 5 % to 4 %, the market va lue of a pre-existing, Dund l:b.:nges by:, A. + 20 %, B. + 25 %, C. -20 %, D. - 25 %, , 7. Reservation Price is, A. Maximum plice that is fixed by the producer, B. Maximum price that a customer is willing to pay for a good, C. Minimum price that a customer is willing to pay for a good, D. Minimum Price that is fi xed by the producer, 8. For a commodity, its demand schedule shifts LO {he left and its supply schedule abo shifts, to the len . How do equilibrium price and quantity change?, A. Pric~ and quantity both remain the same, i.e. no change., D. Impact on price is ambiguous but quantity becomes higher aiter the shift., C. Price goes down and impact on quantity is ambiguous., D. Imp(lct on price is ambiguous but quantity becomes lower alter the shift ., , 9. ffcquilibrium price is below price ceiling fixed by the govenunent. then, A., B., C., D., , price ceiling is not binding, price ceiling is binding, need more information, There ,vould be shortages at the price fixed by govemment, , 10 Suppose the govemment proposes a luxury tax on private jets. The demand for private, jets is clastic and the supply is inel astic, at least in the ShOl1 run. The tax burden will fall on:, A. demanders, B. supplier, C. goverrunent, D. need more infonnation, , 11. .If the savings rate in an econom y is 36% and the incremental output ratio is 4 then the, growth rate of the economy will be, , A. 10%, B. 9%, C. 5.5%, D 9.5%, , 3

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12. Which of the following is NOT a theory of tenn structure of interest rate?, A. Expectations theory, , B. Quantity theory of money, C. Segmented markets theory, D. Liquidity premium theory, 13. The movement to free intemational trade is most likely to generate short-teml, unemployment in whieh industries?, A., 8., C., D., , Industries in which there are neither imports nor exports, Import-competing induslli es., Industries that sell to domestic and foreign buyers, Industries that sell to only foreign buyers, , 14. According to the Heekscher-Ohlin model. the source of comparative advantage is a, countlY's:, A. technology, , B. advenising, C. factor endowments, D. entrepreneurship, , 15. Under perfect C'apital mobility and fixed exchange rate, A. monetary policy is highiy effective, B. monetary policy is cfflXtive to some extent, , C. monetary policy completely looses its effectiveness, , D. NONE OF THE ABOVE, 16.' A bag cuntains 4 blal.:k and 3 white identical balls . Two balls arc drawn in succession at, random without replacement. Consider the following events: Event A is thal both the balls, are black; event B is that both the balls are white; event C is thm the fIrst baU is black and the, se..:ond ball is white. Consider Slatements about probabilities of occurrence of A, B. and C:, , L, II., IlL, TV., , P[C] ~ P[A1 > P[B1, 1'[A1 ~ P[B1, l'[r\) ~ P[C], P[B] ~ pre), , A. I and TIl are tnlc, B. TT and IV <U"~ true, C. IU and IV are true, D. 11, III and IV are tTUI;!, , 4.

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,, , -z...-33, 17. COnC;!rlt!f an economy with 2~goods . The set of all possible positive relative prices is, givm as: P = { (PI, P2) Ill{. P2 > 0, and PI + P2 = 1 }. Identify the correct statements about, Ill.:: p ;up.:Ji ; c~ of set P:, , 1. P is convex., , n., , P is bounded., , Ill. P is closed., IV. P is compact., V. P is empty., , A., B., C., D., , TTl only is tme, III and IV are true, , I and IT aTC true, V only is true., , 18. f(.r) ~ log, , r., , (l-, , 3) . x > Y3 . Then, f(.r) ~ O. when,, , 11. x= +2;, , x "" - \"3 ;, , IV., , x~, , A. I and I!I, RIll, C., , IT and IV, , D. II, 19. The domain of the real valued fimcti oll f (x), , =, , ..j2x + 4 is the interval, , A [2.00), 8. [-2, 00), C. [0,00), D. Is not defined, 20. Which one oClhese statistics is unaffec ted by outliers?, A. Mean, , B. Standard deviation, C. Range, , D. Interquarti! e range, 2 1. A result is called "statistically significant" whenever, A. The null hypothesis is tme, B. The p -value is less than or equal to the signiticance level, C. The alternative hypothesis is true, D. The p-value is larger than the significance level, 22 . The GDP deflator is a Price lndex that measures, , A., B., C., D., , The, The, The, The, , price level of a basket of consumer goods and selvices included in GDP, value of an economy's fi nal output measlU"ed at current market prices, overall price level of goods and services included in GDP, econom y's fina l output valued in terms of p rices in a base year, , 5, , - 2.

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r, 'Z- -, , 33, , 23. The Phillips cm-ve provides a theorClicallink between, A. the liquidity preference and investment demand schedules., B. the goods market and productivity., C . the goods market and the labour market., D . inflation and the demand for money, 24. According to the Neoclassical growth theory, sustained growdl can only be explained by, . A. growth in physical capital., B. growth in the labour force., C. balanced growth of labour and capital., D. exogenous teclmological change, 25. Consider the following statements:, , (i) Todaro model explains rural to urban migration., (ii) Joan Robinson model of gro\Nth has the concept of 'Golden age growth path'., (ii i) Actual and warranted growth rates are round in the Harrod model of growth., (i\') Solow model of economic growth explains the knife-edge equilibrium point., Then, which of the abovc statcment(s) is/are correct? Choost: your option:, A. On.ly (i) is correct ·, B. Only (iv) is COiTect, C. Only (ii), (iii) and (iv) are correct, D. Only (i), (ii) and (iii) are correct, , 6

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,, , PART-S, , 26. ill a college, 25% of the students fa iled in Economics, 15% of the studenTs failed in, English and 10% of the smdcnts failed in both Economics and English. A student is selected, at random. Ifh c failed in English, what is Ule probabi lity that he failed in Economics'?, , A 2/5, B. 2/3, C. 3/10, D. 2/10, 27. Ir the first quattile is 142 and the semi-interquCll1il e range is 18, what is the value of, median assuming that the distribution is synunctrical?, A. 140, , B. ISO, C. 160, D. 170, 28. According to the advance estimates given in the Economic Survey 2020-2 1, India, the, real Gross National Income for the year 2020-21 is projectt.-d, A. to contract by 4.2 percent., S. to grow by 7.9 percent, C. to contract by 7.9 percent., D. to grow by 10.4 percent., 29. According to the Mahatma Gandhi NUli oll<ll Rural Employment Guarantee Act 2005, A. Every rura l labourer is entitled Cor 100 days of employment, 8. Every applicant to which employment is not shown in 15 days, is entitled for, unemployment allowance, C. Every worker under the Act should be paid at least market' wage, D. Every worker should be paid wages in kind, , 30. PM CARES fund is created by Government ofIndi a with an objective to fight:, A., B., C., D., , Poverty, Conuption, Black money, Covidl9, , 7

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,, , 3 'I. Let \" and \V be landom vari<lb les sucb that the correlation between these two variables is, positive but less than I (0 < Carr 0 ',\V) < I). Let X == 2(V - 4) and Y = - O.5W + 2. Arrange, , the foHowing in incr~asing order of magnitude of cOITelation:, , l., IT., , (X.w), (y, V), rn. COlT (X, V), IV. Con (Y,W), COlT, , COlT, , A- I-ll -IV- lII, , B. 11 - ) - TTl - IV, C. IIl - IV -I- II, D. IV - ll - l-lll, 32. Consider rolling of two fair dice (one White and one Blue), all outcomes being equall y, likely. Let IIJ be number that came up on the \Vhite die and let II] be the l1Lunher that came up, -11/1). Let Jly. III beon the Blue die. Define the random v81iablcs: Y = (1'1- 11 ,): Z =, 2, means and ol, a l be variance~ respectively of random variables Y and Z. Then,, , nil}, , A-, , ).tY>, , and, , Ilz, , 2, , cry, 2, , 2, , > Oz, , 2, , B. IlY> Ilz and Oy < oz., ', and cry2 < Oz-., 2, D. llv < ).lz and cry > 0z2, , C., , PY<)l!;, , 33. Identi fy the correct statement about the runction given below:, x, , 1M, , ~, , ,, , x <, , o., , o., , o< x < 5., , (5-x/, , x?:: 5., , A. The function is cont inuous as well as differentiable everywhere., B. The function is neither continuous everywhere nor differentiab le everywhere., C. The function is c.ontinuous everywhere but is not diffcrcllliable everywhcre., D. The fWlction is not continuous everywbere but is differentiable everyv,iherc., 34. For an 111 by /I matrix S having full column rank, m > n, let X ::= ST.S; and Y = S.S T., Then, which of the following are true?, L, ll., 111., IV., , X and Yare both of the same order., X and Y arc both of the same rank., X and Yare both symmetric matrices., X and Y arc both non-singular., , A. I and 11 are true, B. 11 and 1J1 are true, C. III and 1V arc tme, D. I and IV arc tme, , 8

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r, 35. Given x=2 is a root of the equation: x J, , 3-, - 2 -= 0, then the other two roots are:, , A., B., , I, these two roots being identical real roots., x =+1; and x = -I., , D., , .1,', , e., , x, , =, , -, , two complex roots., = + J; and x = -2., , 36. What is the difference, from a Marxian point of view, between the modes of exchange of, 'T raditional E conomic system' and 'Capitalist economic system '?, A. The transmission process noted as C-M-C in the traditional economy and as, , Moe-, , M in the capitalis t econom y, B. The transmission process noted as C-M-C in the traditional economy and as, M' in the capiralist economy, , M-e-, , C. The transmission process noted as C-M-C ' in the traditional economy and as M-eM' in the capitalist economy, D. The transmission process noted as C-NI' -C in the traditional economy and as M~, C' -M in the capitalist economy, 37. Which of the following best captures the basic idea orthe Mercanti list school?, A. Accumulation of wealth in tel1l1S of bullion or precious metals, B. Generation of surplus, C. Growth of wealth in telms of output, D. Growth of productive labour, , 38. The book. Asiall Drama: All inquiry into Poverty ofNa;iolls is authored by which of the, following scholars?, , A Amanya Sen, B. Thomas Piketty, C. Gunnar Myrdal, D. Joseph Stiglitz, 39. According to W. W. Rostow, a student of underdeveloped areas is more likely to be, concerned with the econom ics of which \"wo slages ofgrowth?, , A. Economics of High Mass Product ion and Consumption stages, B. Economics of Take-off and High Mass Cons~mpt ion Stages, C. Economics of Sustained Economic Growth and Hi gh Mass Conswnption Stages, D. Economics of Preconditions and the Take-off Stages, 40. The Gross Fix ed CapiiaI Fonnation in India during 2012~21, according to the Economic, Survey,, A. Has fallen from 34.31 % to 27.59%, B. Has fallen ti·om 27.59 % to 21 .3 4 %, C. Has fallen from 2 1.34 % to 17.8 %, D. Increased from 2 1.34 % to 27.59 %, , 9

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r, , 41. The argument that market failures may be an endemic feature and therefore requires, government intervention is due {Q, A., B, C., D., , New classical macroeconomics, New Keynesian macroeconomics, Rational Expectations school, Millon Friedman, , 42. De-mdustrialisation in colonial Ind ia stands for, , A. Discouragement of modern industry, B. Acquisition o/" Indian companies by British companies, C. Exclusive focus on raIlways, banking and plantati ons, D. Dcstnlction of traditional craft industries, 43. Political economy is pJimaniy a stud y of, A., B., C., D., , Socialism, Feudalism, Capitalism, Mercantilism, , 44. Which among the foll (lw ing eminent Indian economists put forward the "drain of wealth, theory" with respect to the Bri tish rult: in India?, , A. Dada Bh<li Naoroji, B. Gopal Krishna Gokhale, C. Radhakamal Mu kherjee, , D. Mahadev OOVilld Ranade, 45 ..Consid er a society of a finite number of individuals (1 , 2, .. . n) facing a fin ite number of, states (i .e. altcmatives). ZI, Z2, .. Z\ (t 2: 3). Every indiVIdual in this SOCIety 15 ahvays able to, unambiguous ly rank all these stales with each other. We say that an alternatives Zk is Pareto, optima l, iff,, A, , Every individual in the society considers Zk to be superior to any other slate, , B. Every individua l in the society considers ZI.:. to he at leas!, state, , <IS, , good as any other, , C. There is no other state which is con sidered at least as good as Zk by eVC1)'OnC and, strictly better than Zk by at least one individual., , D.Every indiv idual in the society considers Zk to be at least as good as any other, state and with respect to every other state, Zi (i k), there is at least one, individual who strictly prefers ZI.:. 10 this state Zp, , *", , 10 .

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""2..- 33, 46. Preferences oran in~i~idual are,r~?rcsented by the utiljly.fun~l~on:., ., u(.t,y) = 1000(10+(.\". / j). + (y.20)-) , x 2: 0, Y 2: O. Then this utdlty funCtion,, A. is strict ly quasi-concave, B. satisfies non-satiation condition, C. is monotonous increasing, D. is continuous, 47. When film s get together and attempt to set prices and outputs so as to maximize total, industry profits, they are known as a, A. Nash equilibrium collusion, B. model of price and output leadership, C. Cmte!, D. Stackelbcrg model, 48. A person purchased 8 units of sugar when his income was Rs. 2000. As his income has, risen to Rs 250 0, he has purchasl!d 12 units o[sugar. Then, the income elasticity or demand, , will be, A.8, , B.2, C.5, D.20, 49. Given the matrix E = [2, , 5, , I] , let matrix B =, , eE. The determinant val ue of B is, , A Zero, , B 8, C. 30, D . 16, 50. Based on the follow ing paragraph . answer the question tha t lollows it., " In this model, one person, M, wants to induce another person, N to take some action which, is eostly to N . It is given that M may be unab le to directly observe the action of N, bllt, instead observes some output, x, that is detennined, CIt least in paI1, by actions of N. ", Wlm;h of the following statements best describes t4e model given in the paragraph above?, A., B., , C., D., , M is the worker and N is the manager, M is the principal and N is the agent, It is a price leadership problem where M is the pri ce lcader and N is a fo l1 ower., It is a resource allocation model where M is the government and N is the filmily., , 51. An increase in money supply and a drop in the consumer confidence will lead to, A. A decrease in output and an increase in the interest rate., B. An increase in output and a decrease in the interest ratc., C. An ambiguous effect on output and a decrease in the interest rate., D. An ambiguous cn"t:ct on output and an increase in the interest rate., 11

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52. The investment trap is a situation where investment demand is, A. Perfectly interest inelastic, B. Perfectly interest elastic, C. Highly interest elastic, O. l Jnitary interest clastic, , 53. The market demand curve for a public good, A. Is the horizontal sum of all individual demand curves, Sllm of all individual demand I:urve s, C. Is upward sloping, D. Is always horizontal, , B. Is the vel1ical, , 54. Given r=domesric interest rate. r* = foreign interest rate, d = forward discount on the, home currency, which of the following expression represents the Covered Interest Parity?, , A. r = r*, B. 1' = 1'* + d, C. r = (r* + d)2, O. r=r* / d, , 55. Assume B is social benefit. C is social cost, r is the social dIscount rate, t is the time and, T is the life of all investment }))'ojeet. The Net Present Va lue (NPV) ol'this project is:, , 56. The policy corridor in monetary policy conducted by thc RBI in present day consi sts of, the following, A Repo rate and bank nHe, , B. Repo and reverse repo rate, C. Repo rate, reverse repo rate, and Marginal standing facility, D. repo rate and call money rate, 57. Which of the following is hue, if the Tobin's q is greater than one?, A. It is profitable for linus 10 create additional capital., B. Investment in thc economy falls., C. For fimls, the value of additional capital lalls shon of acquir ing it., D. Expansionary monetaty policy is ineffective., , 12

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58. If a project costs Rs. 100 at t=O, yields Rs. 60 at t= I, and Rs. 80 at t=2, and the, compound rate of interest is 10% per period, then the NPV equals, A., B., C., D., , 20.7, 25, , 10, 10.7, , 59. The " iron law of wages" is, A. The wage-fund theory, B. TIle marginal productivity theory of wages, C. Collective bargaining, D. The subsistence theory of wages, (>0. Malt1m<;ian thOOIY orpopulation explored, , the relation<;hip between:, , A. food supply growth and poplllaiion growth, B. food supply growth and technology, C. population growth and development, D . optimum growth and resources, , 61. Arrange the foUowi ng commodities according their all India production in million tonnes, in recent years (say. in years 2017-18 onwards) hom highest production to the lowest:, , T. Wheat:, A., B, C., D., , n., , III. Potato:, , Rice;, , IV. Milk., , II - I-IV-ITT, IV - II - I .. ITT, ll ··· III - I-IV, I ·· II IV ITT, , 62. Due to a negative shock in the exlernal sector, the demand forecast has become more, pessimistic. How does this influence the marginal efliciency of capilal (MEC)?, , A. No change ill :tvfEC, B. An increase in MEC, C . A decrease in MEC, D. Cannot say due to insufficienl infonnation, 63 . Lcontiefs results were considered paradoxical because the United States of America was, believed to be, A. technologically effi cient relative to the rcst of the world, , B. capital abundant relali ve to the rest of the world, C. labour abundant relative 10 the rest of the world, D. all oflhe above, , 13

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, - ---, , ------------------ ~-33, , 64. Nontarifftrade buniers could include all of the following except, A. domestic content laws, B. government procurement policies, C. hea lth, safety, and environmental standards, D. antidwnpinglcountervailing duties applied to imports, 65. Import substitution is an example of, A., B., C., D., , the principle of comparative advantage, the principle of absolute advantage, an outward-looking growth strategy, an inward·looking growth strategy., , 66. The NAfTA is a:, A. monetary union, , B. Cree trade area, C. common market, D. customs union, 67. The, , CUITC11T, , account includes, , A. the value oftrade in merchandise, B. services, C. unilateral transfers, D. all of the above, 68. Ira farmer sells wheat 10 the miller for Rs.500 anQ the miller sells flour to lhe baker for, Rs.700 and finally, the baker sells bread to the consumer for Rs.IOOO , then total value added, by miller and baker is:, , A. Rs. 500, B. Rs. 300, , C. Rs. 1700, D. Rs. 1200, 69. The crawling peg is, A. An automatic system for revisi.ng the exchange rate, , B. "Relatively long periods of constant rates punctuated by sharp devaluati ons, C. When the Central Bank uses quantitative measures to adjust exchange rates, D. When the Central Bank uses qua litative measures to adjust exchange rates, 70. Which of the follo \ving tax has 'announcement effect' ?, A. Income Tax, B. Propet1y Tax, C. Excise Duty, D. Capital Gains Tax, , 14

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7 1. Efficienc:.y requires that the prOd\lction of pure public goods be underLaken to the po int, where,, , A. The sum of marginal private benefits is equa l to the marginal social CQst of, production., B. The marginal private benefit is equal to the marginal social cost of production., C. The marginal social cost exceeds the sum of the marginal private benefils., D. None of the above, , 72. The equilibrium level of output and price, A . in monopoly is greater than that in perfectly competitive market, B. is less in monopoly when compared to perfectly competitive market, C. equilibrium output is lower and price higher in monopoly when compared to perfectly, competitive market, D. equilibrium output is higher and price lower in monopoly when compared to perfectly, competitive market, 73 . Degree 0[' monopoly power, L, is gi yen by, A. L = (P· MC)lP, B. L = (MC·P)IP, C. L = (p.MC)IMC, , D. L = (P.MC)'(P, 74. Consider a duopoly with the following market demand runction: P = 30 - Q. Each firm is, having a zero margi.na l cost. Then, in the COu1110t equilibrium, the tinn outputs and the, market price are:, A. output pruduced 10 by each finn and P is 10, B. output produced 9 by each finn and P is 12, C. output produced j 1 by each finn and P is g, D. output produced 12 by both firm and P is 6, 75 . The demand and supply functions for a conunodity are given by p = 120 - Sqd and, where p is price, qd is quantity den:andcd and qs is quantity supplied. Find the, p = 24 +, , :5 ,, , equilibrium quantity and pJice., , q = 18 a)1d p = 5, 5, B. q = :; and p = 30, C. q = 18 and p = 30, D. q = 120 and p = 24, , A., , lS

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2..-'33, 76. Jfthe demand flmction for the product ofa firm is p = J 1350 - 6q, fmd the output, level that maximizes total revenue., , A. q = 1350, B. q = 150, C. q = 225, , D. q = 36.74, 77. Suppose the demand fimctions for goods I. 2, and 3 have the following functional fonns,, where, Q denotes quantity demanded, P denotes price, and H denotes i.ncome:, (il. Q, = 120 - 3.sP, - 6P, + 14H, (ii). Q, = 100 - 2Pz + 3P, + 1.lH, (iii). Q, = 1500 - O.sP, - 30H, Based on these demand functions, which of the following goods arc known to be nOimal, goods'!, A. (i), (ii) and (iii)., B. only (i), C. only (iii)., D. (i) ancl (ii) only, , 78 . Which of the following economists proposed the idea of Balallced Growth in, development theory?, A. Rosenstein Rodan, , 8. Ragnar Nurkse, C. Althur Lewis, , D. Harvey Liebenstein, 79. AJl1m1ya Sen argues in his work on Commodifies and Capabilities that 'mjudging the, well -being or the person, it would be premature to limit the analysis to the charac teristics of, goods possessed. We have to consider., .. '. Choose the correct option., A. 'Fullctionings' of Persons, B. 'Entitlements' of Persons, , C. 'Endowments' of Persons, D. 'Lackings' of Persons, 80. According to Thomas Pikeny, in the post·1970s and 80s the factor which to much greater, , extent determines who owns property, to what extent and who does not is:, A. Intellectual Propeny Rights;, B. Infol1uation Technology, C. Digital Money, , D. Inheritance, , 16

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81. Given the function \V(x!, Xl) = log(x? - X22) -log(Xt 1 + X2 2), the value of the function,, Y = X1W l + X2W2 (where, WI and W 2 are first order partia l deri vatives w.r. t. x\ and X2, respecti vely), is:, , A. Zero, B 25, , C. +lor -l, D. can not be dctennilled, 82. If the utility function U (x, y), are, , =, , -Jx 2 + y2, for xand y?: 0, then the indifference curves, , A . Convex, , 13. Concave, C. Quasi-concave, D. Not enough in formation, 83. For an industry with II finns, one with 50% marker sbare ami lhl.: other ten finTIs with, 5% market share each, thc Herfindahl index is equal to:, A. 2,750, , B. 2,550, C. 650, D. 550, 84. A common fishing ground is:, , A. Exclusive and Rival, B. Nonexclusive and Nonrival, C. Exclusive and Nonrival, D. Rival and Nonex clusive, 85. Chi -square test is used for, A. Association between attributes, 8. Significance of correlation co-efficient, C. Slope of regression line, D. Equality between two means, 86. Estimator is defined as, A. Sampling mean of a distribution, B. A specific observed value, C. Sample statistic to estimate a population parameter, D. None of the above, , 17

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87. Bilateral Monopoly is, A. lvlarket with only one seller and two buyers, B. Market with t\vo buyers only, C. MaTket with one seller and one buyer, D . Market with two sellers only, , 88. An increase in real interest rate causes desired investment to fall. Why?, A. The user cost increases which reduces desired capital stock, B: The tax-adjusted user cost increases, which increases desired capital stock, C. The user cost decreases \vhich increases desired capital stock, D. The desired capital stock increases, , 89. The difference between the actual unemployment rate and dIe natural rate of, unemployment is called, A., B., C., D., , Structural UneOlplo;<1nent, Seasonal Unemployment, Frictional Unemployment, Cyclical Unemployment, , 90. The type of monetary policy that is used in India, New Zealand, and the United Kingdom, 1S:, , A. monetary targeting., B. inOation targeting., C. GDP growth targeting., D. interest-rate targeting., 91. Universal Basic Income Transfer, a concept much discussed in the literature, aims to, , rectify, A. Exclusion of precarious labour under unemployment, B. Exclusion ofhollsewives, old people anJ differently-abled people from the market, C. Social exclusion of minorities, D . All of the above, , 92. In Liscal year 2018, the aggregate public health expenditLU"c as percentage of GDP was:, , A., B., C., D., , 0.78 percent, 4.61 percent, 1.28 percent, 8.23 percent, , 18

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93. Suppose the probabi lities of two independent events A and B are equal to 0.2 and 0.4., , Then the conditional probability, P(A/B) is:, , A, B., C., D., , 0.2, 0.5, 0.08, 0.D2, , 94. Consider two samples. Sample A has the following observations: -6, -6, -1, 0, I, 6, 6; and, sample B has the following observations: 521,524,526,527,528, 53 0, 533. Then,, A. Range of A is greater than range ofB, , B. Variance or A is greater than variance of B, C. Range of A is smaller than range of B, D. Variance of A is smaller than variance of B, 95. Unemployment resulting from a mismatch of workers' ski ll s and Job requirements is, called, A. frictional unemployment., B. stzuctural unemployment., C. seasonal unemployment., D. cycli cal unemployment., 96. If the aggregate price level at time t is denoted by CPIb the inflati on rate from time t - 1, to t is defi ned as:, A. IT!, , (CPl l - CPl!_ 1)/ CPII . 1., B.1tI=(C PIl _ l - CP11_ 1)/CPl!.j ., C. n!=(CPI I ... 1 - CP[!) / CrI!+j., O. Itt = (CPI l - C pr l . I )! CPlt ., =, , 97. What is the interest ratt: at \V hich the Reserve Bank. of India lends money to commercial, bank s?, A. repo rate, B. reverse repo, C. call money rate, D. prime rate, , 98. A rise in the price leve l causes the demand for money to _ ..... __ and the interest rate, to ____ , everything else held con stant ., , A. decrease; decrease, , B. decrease; increase, C. increase; decrease, D. increase; increase, , 19

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99. As per the India 's union budget 2021-22, the Fiscal Deficit is estimated to be:, A. 7.4 percent of GOt>, B. 8.5 percent orGDP, C. 9.1 percent afGDP, D. 9.5 percent of GOP, , 100. What is the disinvestment target for financia l year 2021 -22 for India?, A. 1.60 LAKH CR, , B. 1.70 LAKH CR, C. 1.75 LAKH CR, D. 2.00 LAKH CR, , 20

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r, , ,, , Univers ity of Hyderabad, Entrance Exam inations - 2021, SchDol/ De pa rtment/Centre, , SCHOOL Or ECONOMICS, MAj ECONOM ICS, , Course/ Subject, , Q. No., , An swer, , Q.No., , 1, 2, 3, 4, 5, , 8, , 26, 27, 28, 29, 3D, 31, 32, 33, 34, 35, 36, , C, 0, 8, , 0, , 6, , 8, , 7, 8, , 8, 0, , 9, , A, , 10, 11, , 8, 8, , Answer , Q.No., 51, 8, 52, C, C, 8, , 0, 0, D, , A, 8, A, B, C@ both, , 53, 54, 55, 56, 57, 58, 59, 60, 61, , Answer, C, A, 8, 8, A, C, A, A, , 0, A, 8, , Q. No., , Answer, , 76, , 8, , 77, , 0, , 78, 79, 80, 81, 82, 83, 84, 85, 86, , 8, A, , ,, , 0, A, , 8, , A, 0, A, , C, , correct, 12, , 13, 14, 15, , 16, 17, 18, 19, 20, 21, 22, 23, , 2', 25, , 8, 8, C, C, A, , C, D, , 8, 0, 8, C, , C, 0, 0, , Note/Remarks:, , 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, , A, , C, 0, A, , 8, 0, C, A ', , C, , 0, , 62, 63, 64, 65, 66, 67, 68, 69, 70, , C, 8, , 71, 72, 73, , A, B, , 74, 75, , C, 8, , 0, 0, 8, , 0, A, A, , C, A, , C, A, A, , C, , 87, 88, 89, 90, 91, 92, 93, 94, 95, 96, 97, 98, 99, 100, , C, A, , 0, 8, 0, C, A, , 8, B, A, A, , 0, Ca ncel·, , C, , Q.No.36 the correct answer is 'B' or '(' an d B & c., Q. No. 99 ben efit will be given to a" ca ndid<ltes ., , . R~, Signature of the Dean, , Schoo! of Economics