paper iii vfkz'kkl= - savitribai phule pune...

29
1 [P.T.O. FEB - 11313/III 1. Suppose that a bond sells for Rs. 400. The bond returns either ( Rs. –120) or (Rs. 200) with equal probability. The expected return of the bond is : (A) 10% (B) 20% (C) 30% (D) 40% 2. At certain level of output the marginal product of labour (MP L ) is 8 and the marginal product of capital (MP K ) is 10. If the firm adds one unit of labour, but wants its output to remain the same, the firm should reduce units of capital by : (A) 10 (B) 0.8 (C) 1.25 (D) 1.00 1. letk ,dk jks[;kph foÿh fdaer 400 #- vkgs- ;k jks[;koj (μ120 #-) fdaok (200 #-) vlk ijrkok feˇ.;kph leku 'kD;rk vkgs- ;k jks[;kojhy visf{kr ijrkok gk brdk vlsy % (A) 10% (B) 20% (C) 30% (D) 40% 2. mRiknukP;k fof'k"V ikrˇhyk Jfedkps lhekUr mRiknu Qy (MP L ) 8 vkgs vkf.k HkkaMoykps lhekUr mRiknu Qy (MP K ) 10 vkgs- tj m|k s xla LFk s us Jfedkph ek=k ,dk uxkus ok<oyh vkf.k m|ksxlaLFksyk mRiknukph ikrˇh fLFkj jk[kko;kph vlsy] rj m|ksxlaLFksus HkkaMoy brD;k ek=sus deh djk;yk gO;kr % (A) 10 (B) 0.8 (C) 1.25 (D) 1.00 Economics Paper III vFkZ'kkL= iz'uif=dk III Time Allowed : 2½ Hours] [Maximum Marks : 150 Note : This paper contains Seventy Five (75) multiple choice questions, each question carrying Two (2) marks. Attempt All questions. lwpuk % ;k iz'uif=ds r ,dw.k ipgŸkj (75) cgqi;kZ;h iz'u fnys ys vkgs r- izR;s d iz'ukyk nksu (2) xq .k vkgs r- loZ iz'u lksMok-

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Page 1: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

1 [P.T.O.

FEB - 11313/III

1. Suppose that a bond sells for Rs. 400.

The bond returns either ( Rs. –120)

or (Rs. 200) with equal probability.

The expected return of the bond

is :

(A) 10%

(B) 20%

(C) 30%

(D) 40%

2. At certain level of output the

marginal product of labour (MPL) is

8 and the marginal product of capital

(MPK) is 10. If the firm adds one unit

of labour, but wants its output to

remain the same, the firm should

reduce units of capital by :

(A) 10

(B) 0.8

(C) 1.25

(D) 1.00

1. letk ,dk jks[;kph foÿh fdaer 400 #-vkgs- ;k jks[;koj (µ120 #-) fdaok(200 #-) vlk ijrkok feˇ.;kph leku'kD;rk vkgs- ;k jks[;kojhy visf{kr ijrkokgk brdk vlsy %

(A) 10%

(B) 20%

(C) 30%

(D) 40%

2. mRiknukP;k fof'k"V ikrˇhyk Jfedkps lhekUrmRiknu Qy (MPL) 8 vkgs vkf.k HkkaMoykpslhekUr mRiknu Qy (MPK) 10 vkgs- tjm|ksxlaLFksus Jfedkph ek=k ,dk uxkus ok<oyhvkf.k m|ksxlaLFksyk mRiknukph ikrˇh fLFkjjk[kko;kph vlsy] rj m|ksxlaLFksus HkkaMoybrD;k ek=sus deh djk;yk gO;kr %

(A) 10

(B) 0.8

(C) 1.25

(D) 1.00

EconomicsPaper III

vFkZ'kkL=iz'uif=dk III

Time Allowed : 2½ Hours] [Maximum Marks : 150

Note : This paper contains Seventy Five (75) multiple choice questions, each

question carrying Two (2) marks. Attempt All questions.

lwpuk % ;k iz'uif=dsr ,dw.k ipgŸkj (75) cgqi;kZ;h iz'u fnysys vkgsr- izR;sd iz'ukyk nksu (2)

xq.k vkgsr- loZ iz'u lksMok-

Page 2: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

2

FEB - 11313/III

3. In the kinked demand model, if the

demand shifts rightwards due to

change in market conditions, the

price :

(A) will remain unchanged

(B) will increase

(C) will decrease

(D) may increase or decrease

4. Williamson’s Managerial utility

function does not include :

(A) S = Staff expenditure

(B) M = Managerial emoluments

(C) πD = Discretionary profit

(D) ID = Discretionary investment

5. Assertion (A) : In Cournot’s model

both firms producing monopoly

output is not Nash equilibrium.

Reason (R) : Because firms do not

make binding commitment to

produce the agreed output.

(A) Both (A) and (R) are correct

and (R) is a correct explanation

for (A)

(B) Both (A) and (R) are correct and

(R) is an incorrect explanation

for (A)

(C) (A) is incorrect and (R) is correct

(D) (A) is correct and (R) is incorrect

3. [kkp vlysY;k ekx.kh oÿkP;k izfrekukr

cktkj ifjfLFkrheqˇs tj ekx.kh oÿkps

mtohdMs LFkykarj >kys] rj fdaer %

(A) cny.kkj ukgh

(B) ok<sy

(C) deh gksbZy

(D) ok<sy fdaok deh gksbZy

4. fofy;eluP;k O;oLFkkidh; mi;ksfxrk

Qyukr ;kpk lekos'k gksr ukghr %

(A) S = deZpkÚ;kaojhy [kpZ

(B) M = O;oLFkkidh; ekscnyk

(C) πD = LosPNkewyd uQk

(D) ID = LosPNkewyd xqaro.kwd

5. fo/kku (A) : dquks ZP;k f}tukf/kdkjkP;k

izfrekukr nksu m|ksxlaLFkkauh eDrsnkjh mRiknu

dj.ks gk uW'kpk lerksy ulrks

dkj.k (R) : dkj.k Bjfoysys mRiknu

dj.;kph iDdh ckaf/kydh m|ksxlaLFkk djhr

ukghr

(A) (A) vkf.k (R) nksugh cjkscj vkf.k (R)

gs (A) ps cjkscj Li"Vhdj.k

(B) (A) vkf.k (R) nksugh cjkscj vkf.k (R)

gs (A) ps pqdhps Li"Vhdj.k

(C) (A) gs pwd vkf.k (R) gs cjkscj

(D) (A) gs cjkscj vkf.k (R) gs pwd

Page 3: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

3 [P.T.O.

FEB - 11313/III

6. If workers substitution effect for

leisure is larger than income effect

when wage rate rises :

(A) Labour supply curve will be

backward sloping

(B) Labour supply curve will have

usual upward slope

(C) Labour supply curve will be

horizontal

(D) Labour supply curve will be

vertical

7. The greatest good for the greatest

number is a dictum associated with

the name of :

(A) Alfred Marshall

(B) Nicholas Kaldor

(C) Jeremy Bentham

(D) A. Bergson

8. Perfect competition achieves a

Pareto optimal allocation of two

goods between two people because :

(A) Both of them have same

preference

(B) Both of them face same price

(C) Both of them consume the same

quantity of both goods

(D) Goods are homogenous

6. osrunj ok<Y;koj Jfedkapk vkjkekpk i;kZ;rk

ifj.kke mRiUu ifj.kkekis{kk tkLr vlsy

rj %

(A) Jfedkapk iqjoBk oÿ ekxs oˇ.kkjk

vlrks

(B) JfedkaP;k iqjoBk oÿ usgehlkj[kk p<r

tk.kkjk vlrks

(C) Jfedkapk iqjoBk oÿ f{kfrt lekarj

vlrks

(D) Jfedkapk iqjoBk oÿ f{kfrtyac vlrks

7. ^tkLrhr tkLr yksdkaps tkLrhr tkLr dY;k.k*

gs rRo ;kaP;k ukok'kh lacaf/kr vkgs %

(A) vkY›sM ek'kZy

(B) fudksyl dkYMj

(C) tsjseh csaFkWe

(D) ,- cxZlu

8. iw.kZ Li/kZsr nksu oLrwaps nksu O;Drhae/khy gks.kkjs

okVi iWjsVks b"Vre vlrs dkj.k %

(A) nks?kkaphgh ilarh leku vlrs

(B) fdaerh nks?kkaukgh leku vlrkr

(C) nks?ksgh nksugh oLrwaP;k leku ek=kapk

miHkksx ?ksrkr

(D) oLrw ,dftulh vlrkr

Page 4: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

4

FEB - 11313/III

9. Prisoner’s dilemma is an example

of :

(A) Sub-optimal solutions in Game

Theory

(B) Mixed strategy in Game

Theory

(C) Saddle point solution in Game

Theory

(D) Zero sum game

10. W. Leontief’s name is associated

with :

(A) Input-output analysis

(B) Game theory

(C) Linear programming

(D) Non-collusive oligopoly

11. Match the following and select the

correct answer from the codes given

below :

List I List II

(a) A. C. Pigou (i) Statistical Cost

Analysis

(b) J. Johnson (ii) Laws of Returns

under competitive

conditions

(c) J. Robinson (iii) Economics of

Imperfect

Competition

(d) P. Sraffa (iv) Economics of

Welfare

Codes :

(a) (b) (c) (d)

(A) (iv) (i) (iii) (ii)

(B) (iv) (iii) (ii) (i)

(C) (ii) (i) (iii) (iv)

(D) (ii) (iii) (iv) (i)

9. dS|kP;k fodYitky gs mnkgj.k ;kps

vkgs %

(A) [ks flºkUrkrhy mib"Vre lksMo.kwd

(B) [ks flºkUrkrhy feJ O;wgjpuk

(C) [ks flºkUrkrhy [kksxhj fcanw

(D) 'kwU; csjht [ks

10. MCY;w- fyvk°VhQ ;kaps uko ;kP;k'kh lacafËkrvkgs %(A) vknku&iznku fo'ys"k.k(B) [ksˇ flºkUr(C) js[kh; dk;Zÿe(D) vla?kfVr vYitukf/kdkj

11. [kkyhy tksMÓk ykok vkf.k fnysY;k ladsrkrwu

;ksX; mŸkj fuoMk %

List I List II

(a) ,- lh- fixw (i) [kpkZps lkaf[;dh fo'ys"k.k

(b) ts- tkWUlu (ii) iw.kZ Li/ksZP;k ifjfLFkrhrhy

vuqeki izR;k;

(c) ts- jkWfcUlu (iii) viw.kZ Li/ksZps vFkZ'kkL=

(d) ih- lzkWQ (iv) dY;k.kkps vFkZ'kkL=

ladsr %

(a) (b) (c) (d)

(A) (iv) (i) (iii) (ii)

(B) (iv) (iii) (ii) (i)

(C) (ii) (i) (iii) (iv)

(D) (ii) (iii) (iv) (i)

Page 5: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

5 [P.T.O.

FEB - 11313/III

12. Suppose AB and CD are two

demand curves parallel to each other

and CD lies rightwards to AB. E and

E1 are points on AB and CD

respectively at price and n1 and n2

are elasticities at E and E1 :

(A) n1 < n2

(B) n2 < n1

(C) n1 = n2

(D) n1 = n2 = 1

13. A competitive firm’s supply curve is

its :

(A) Entire MC curve

(B) Rising part of MC curve

(C) MC curve above the minimum

point of the AVC curve

(D) MC curve above the minimum

point of the ATC curve

14. Indifference curve derived under

Revealed Preference Theory passes

through :

(A) Superior zone

(B) Ignorance zone

(C) Ignorance zone to superior zone

(D) Inferior to superior zone

12. letk AB vkf.k CD gs ,desdkauk lekarj

vl.kkjs nksu ekx.kh oÿ vkgsr vkf.k CD

gk AB P;k mtohdMs vkgs- E vkf.k E1

gs vuqÿes ,dk fof'k"V fdaerhyk vl.kkjsAB vkf.k CD ojhy fcanw vkgsr vkf.k n1

vkf.k n2 ;k E vkf.k E1 ojhy yofpdrkvkgsr %

(A) n1 < n2

(B) n2 < n1

(C) n1 = n2

(D) n1 = n2 = 1

13. Li/ksZP;k ifjfLFkrhrhy iqjoBk oÿ gk vlk

vlrks %

(A) laiw.kZ lhekUr [kpZ oÿ

(B) lhekUr [kpZ oÿkpk p<r tk.kkjk Hkkx

(C) ljkljh cnyR;k [kpkZP;k fdeku fcanwP;k

ojhy lhekUr [kpZ oÿkpk Hkkx

(D) ljkljh ,dw.k [kpZ oÿkP;k fdeku

fcanwP;k ojhy lhekUr [kpkZpk Hkkx

14. izdV ilarh flºkUrko:u dk<ysys leo`Ÿkh

oÿ gs ;k e/kwu tkrky %

(A) Js"B izHkkx

(B) vKkr izHkkx

(C) vKkr izHkkxkrwu Js"B izHkkxkdMs

(D) gyD;k izHkkxkdMwu Js"B izHkkxkdMs

Page 6: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

6

FEB - 11313/III

15. Consider the budget line for

commodity X and Y drawn for the

following market situation :

Consumer’s income Rs. 200,

PX = 4 and PY = 8. Suppose X is

restricted at 25 units. The budget

line at 25 units of X :

(A) will become flatter

(B) will become steeper

(C) will become steeper and shift

outwards

(D) the budget set will be cut-off

16. If investment function becomes

unresponsive to interest rate, then :

(A) Fiscal policy becomes ineffective

(B) Fiscal policy becomes effective

(C) Monetary policy becomes

effective

(D) Both fiscal and monetary policy

are effective

17. If a growth rate of 10 percent is to

be achieved and the capital-output

ratio 4, then the savings rate should

be (from Solow model) :

(A) 30 per cent

(B) 20 per cent

(C) 35 per cent

(D) 40 per cent

15. X vkf.k Y oLrwalkBh [kkyhy cktkj ifjfLFkrhvlrkauk dk<ysyh vankti=d js"kk y{kkr ?;k %miHkksDR;kps mRiUu = 200 #-, PX = 4,

PY = 8. letk X oLrwP;k 25 uxkauarjdqafBr dsyk] rj X P;k 25 uxkauarj vankti=djs"kk %

(A) vf/kd iljV gksbZy

(B) vf/kd p<h gksbZy

(C) vf/kd p<h gksbZy vkf.k mtohdMsljdsy

(D) vankti=dkrhy lap ckgsj tkrhyEg.ktsp vankti=d js"kk rqVsy

16. tj xqaro.kwd Qyu O;ktnjkyk izfrlkn nsbZukls

>kys] rj %

(A) jktdks"kh; /kksj.k vifj.kkedkjd Bjrs

(B) jktdks"kh; /kksj.k ifj.kkedkjd Bjrs

(C) ekSfÊd /kksj.k ifj.kkedkjd Bjrs

(D) jktdks"kh; /kksj.k vkf.k ekSfÊd /kksj.k

gh nksugh /kksj.ks ifj.kkedkjd Bjrkr

17. tj 10 VDds o`ºhnj xkB.;kps mfÌ"V vlsyvkf.k HkkaMoy&mRiknu xq.kksŸkj gs 4 vlsy]rj (lksyksP;k izk:ikuqlkj) cpr nj brdkvlk;yk gok %

(A) 30 VDds

(B) 20 VDds

(C) 35 VDds

(D) 40 VDds

Page 7: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

7 [P.T.O.

FEB - 11313/III

18. Choose the right answer from the

options A to D given below :

Assertion (A) : In the classical

system, aggregate demand and

aggregate supply curves may never

intersect whereas in the Keynesian

system, they will always intersect

although not necessarily at the full-

employment level.

Reasoning (R) : The Keynesian

system has money wage rigidity

below full-employment level, leading

to an upward rising aggregate

supply curve. On the other hand in

the classical system, under full

flexibility of wage and price,

aggregate supply curve is a vertical

line.

(A) (A) is incorrect and (R) is correct

(B) (A) is correct and (R) is incorrect

(C) (A) is correct and (R) is correct

(D) (A) is incorrect and (R) is incorrect

18. [kkyh fnysY;k A rs D i;kZ;krwu ;ksX; mŸkj

fuoMk %

fo/kku (A) : vfHker iaFkh; iºrhr ,dw.k

ekx.kh oÿ vkf.k ,dw.k iqjoBk oÿ ,desdkauk

d/khp Nsnr ukghr ijarq dsUlP;k iºrhr rs

,desdkauk usgehp Nsnrkr ijarq gk Nsnu fcanw

iw.kZ jkstxkjkP;k ikrˇhyk vlrksp vls ukgh

dkj.k (R) : dsUlP;k iºrhr iw.kZ jkstxkjkP;k

ikrˇhP;k [kkyh osru nj rk<j vlrkr] vkf.k

R;keq s iqjoBk oÿ gk MkohdMwu mtohdMs

p<r tk.kkjk vlrks- ;k myV vHkher iaFkh;

iºrhr osru vkf.k fdaerhr iw.kZ uE;rk

vlY;keq s ,dw.k iqjoBk oÿ gk f{kfrtyac

vlrks-

(A) (A) pwd vkf.k (R) cjkscj

(B) (A) cjkscj vkf.k (R) pwd

(C) (A) cjkscj vkf.k (R) cjkscj

(D) (A) pwd vkf.k (R) pwd

Page 8: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

8

FEB - 11313/III

19. Select the correct match for the

following by using codes given

below :

(a) Capital inflow (i) Franco Modigliani

(b) Human capital (ii) Robert Mundell

and growth

(c) Upper turning (iii) Robert Lucas

point

(d) Life-cycle theory (iv) John Hicks

Codes :

(a) (b) (c) (d)

(A) (iv) (iii) (ii) (i)

(B) (iii) (ii) (i) (iv)

(C) (ii) (iii) (iv) (i)

(D) (i) (iii) (ii) (iv)

20. If planned saving is greater than

planned investment :

(A) Output will increase

(B) Output will decrease

(C) Output will not change

(D) The effect on output will be

ambiguous

19. [kkyh fnysY;k ladsrkrwu ;ksX; tksMh 'kks/kk %

(a) HkkaMoykpk varxkZeh (i) ›°dks ekWfMfXy;kuh

izokg

(b) ekuoh lalk/ku vkf.k (ii) jkWcVZ eqaMsy

o`ºh

(c) ojpk oˇ.k fcanw (iii) jkWcVZ Y;qdkl

(d) thouÿe ifjdYiuk (iv) tkWu fgDl

ladsr %

(a) (b) (c) (d)

(A) (iv) (iii) (ii) (i)

(B) (iii) (ii) (i) (iv)

(C) (ii) (iii) (iv) (i)

(D) (i) (iii) (ii) (iv)

20. tj ;ksftr cpr ;ksftr xqaro.kwdhis{kk tkLr

vlsy] rj %

(A) mRiknu ok<sy

(B) mRiknu ?kVsy

(C) mRiknu cny.kkj ukgh

(D) mRiknukojhy ifj.kkekr lafnX/krk vlsy

Page 9: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

9 [P.T.O.

FEB - 11313/III

21. Suppose real income decreases. This

will lead the equilibrium rate of

interest in money market to :

(A) decrease

(B) increase

(C) remain the same

(D) either increase or decrease

depending upon the value of

elasticity of negatively sloping

money demand curve at initial

equilibrium.

22. In simple Keynesian economics, the

equality between savings and

investments is brought about by :

(A) Rate of interest

(B) Bringing the economy to full

employment level

(C) Income

(D) Reduction in consumption

23. According to Keynes, investment is

influenced by :

(A) Price

(B) Income

(C) Marginal Efficiency of Capital

(D) Wages

21. letk okLro mRiUukr ?kV >kyh- ;keqˇs

iS'kkP;k cktkjkrhy leorksy O;ktnj %

(A) deh gksbZy

(B) ok<sy

(C) rksp jkfgy

(D) ok<sy dk deh gksbZy gs ew lerksykik'kh

vl.kkÚ;k iS'kkP;k ekx.kh oÿkP;k

yofpdrsP;k ewY;koj voyacwu vlsy

(iS'kkpk ekx.kh oÿ m.ks izo.krspk

vkgs-)

22. dsUlP;k lk/;k izfrekukr cpr vkf.k xqaro.kwd

;krhy lekurk ;keq s ?kMwu ;s.ks %

(A) O;ktnj

(B) vFkZO;oLFkk iw.kZ jkstxkjkP;k ifjfLFkrhyk

vk.kwu

(C) mRiUu

(D) miHkksxkrhy ?kV

23. dsUlP;k ers xqaro.kwdhoj ;keqˇs ifj.kke

gksrks %

(A) fdaer

(B) mRiUu

(C) HkkaMoyph lhekUr dk;Z{kerk

(D) osru

Page 10: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

10

FEB - 11313/III

24. T;k vkœrhr [kkyhy ckc n'kZoysyh vlrs

fryk ^dsU'kh; ÿkWl* vls EgVys tkrs %

(A) {k v{kk'kh 45º pk dksu d:u vkjaHk&

LFkkukrwu tk.kkjh js"kk vkf.k ,dw.k [kpZ

js"kk ;kapk Nsnu fcanw

(B) miHkksx Qyu vkf.k xqaro.kwd Qyu ;kapk

Nsnu fcanw

(C) {k v{kk'kh 45º pk dk su d:uvkjaHkLFkkukrwu tk.kkjh js"kk vkf.k

xqaro.kwd Qyu ;kapk Nsnu fcanw

(D) fu;kZr Qyu vkf.k vk;kr Qyu ;kapk

Nsnu fcanw

25. xqaro.kwdhrhy cny vkf.k mRiUukrhy cny

;kaps xq.kksŸkj Eg.kts %

(A) Rojd

(B) miHkksx Qyu

(C) xq.kd

(D) HkkaMoykph lhekUr dk;Z{kerk

26. letk miHkksx Qyu vls vlsy %

C = 100 + 0.9Y

rj xq.kdkps ewY; vls vlsy %

(A) 0.09

(B) 10.0

(C) 0.9

(D) 9.00

24. Keynesian cross refers to a diagram

having :

(A) Intersection of aggregate

expenditure and 45º line

(B) Intersection of consumption

function and investment

function

(C) Intersection of investment

function and 45º line

(D) Intersection of export function

and import function

25. The ratio of change in income to a

change in investment is called as :

(A) Accelerator

(B) Consumption function

(C) Multiplier

(D) Marginal Efficiency of Capital

26. Given the consumption function :

C = 100 + 0.9Y

What is the multiplier ?

(A) 0.09

(B) 10.0

(C) 0.9

(D) 9.00

Page 11: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

11 [P.T.O.

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27. Assume consumption function of an

economy to be C = 30 + 0.8Y.

Investment is Rs. 40 crore. Then, the

equilibrium level of income is :

(A) Rs. 700 crore

(B) Rs. 350 crore

(C) Rs. 560 crore

(D) Rs. 140 crore

28. Which one of the following saving

functions corresponds to the

investment multiplier of 5 ?

(A) S = –28 + 0.25Y

(B) S = –40 + 0.75Y

(C) S = –60 + 0.20Y

(D) S = –75 + 0.60Y

29. Less sensitive investment spending

to changes interest rate, the IS

curve becomes :

(A) Steeper

(B) Flatter

(C) Positive

(D) Zero

30. Milton Friedman argues that

consumption is proportional to :

(A) Taxes

(B) Price Level

(C) Transitory Income

(D) Permanent Income

27. vFkZO;oLFkslkBh vl.kkjs miHkksx Qyu %

C = 30 + 0.8Y

xqaro.kwd 40 dksVh #- vkgs vls letk- v'kkifjfLFkrhrhy mRiUukph ikrˇh gh ,o<hvlsy %(A) 700 dksVh #-(B) 350 dksVh #-(C) 560 dksVh #-(D) 140 dksVh #-

28. [kkyhy cpr QyukaiSdh dqBY;k cpr Qyukr

xqaro.kwd xq.kd 5 vkgs vls vfHkizsr vkgs \

(A) S = –28 + 0.25Y

(B) S = –40 + 0.75Y

(C) S = –60 + 0.20Y

(D) S = –75 + 0.60Y

29. tj xqaro.kwd O;ktnjkyk deh izek.kkr izfrlkn

nsr vlsy rj IS oÿ gk %

(A) vf/kd p<k gksrks

(B) vf/kd iljV gksrks

(C) /ku gksrks

(D) 'kwU; gksrks

30. feYVu ›hMeupk ;qfDrokn vlk vkgs dhmiHkksx gs ;kP;k'kh izek.k'khj vkgs %

(A) dj

(B) fdaer ikrˇh

(C) vLFkk;h mRiUu

(D) dk;e mRiUu

Page 12: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

12

FEB - 11313/III

31. The theory of unbalanced growth

was proposed by which economist ?

(A) Albert Hirschman

(B) Amartya Sen

(C) H. Leibenstein

(D) Hans Singer

32. Laws of Kaldor growth model

essentially exhibit relationship

between :

(A) Savings and investment in

economy

(B) Urbanisation and economic

development process

(C) Industrial growth and

development process

(D) Demographic dividend and

regional disparities of

development

33. How does economic development

process gain due to population

increase ?

(A) By demand induced investment

(B) By rapid urbanisation

(C) By increase in productivity

(D) By strengthening of the

institutional framework

31. vlarqfyr o`ºhpk flºkUr dks.kh ekaMyk \

(A) vkYcVZ g'kZeu

(B) veR;Z lsu

(C) ,p- ykbcsuLVkbu

(D) gkUl flaxj

32. dWYMkWjP;k o`ºh izfrekukrhy fu;e gs ewyr%

d'kke/khy laca/k n'kZforkr \

(A) vFkZO;oLFksrhy cpr vkf.k xqaro.kwd

(B) ukxjhdj.k vkf.k vkfFkZd fodklkph

izfÿ;k

(C) vkS|ksfxd o`ºh vkf.k fodkl izfÿ;k

(D) yksdla[;kRed ykHk vkf.k fodklkrhy

izknsf'kd fo"kerk

33. vkfFkZd fodklkP;k izfÿ;syk yksdla[;k

ok<heq s dlk ykHk gksrks \

(A) ekx.kh mRizsfjr xqaro.kqdheq s

(B) osxoku ukxjhdj.kkeq s

(C) mRikndrsrhy ok<heq s

(D) laLFkkRed pkSdVhP;k n`<hdj.kkeq s

Page 13: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

13 [P.T.O.

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34. The practice of ‘Big Push’ approach

in the development strategy helps :

(A) in mobilizing idle savings for

investment

(B) reducing inter-regional

disparities of development

(C) in reducing divergence between

the private and social returns

on investment

(D) in opening markets for

agricultural produce

35. Match W. W. Rostow’s stages of

growth with their implications :

(a) Traditional (i) Application of

modern technology

(b) Transitional (ii) Self-sustaining

economic growth

(c) Take-off (iii) 10% of GDP invested

for self-sustaining of

growth

(d) Maturity (iv) High proportion

of work-force in

subsistence agriculture

sector

(a) (b) (c) (d)

(A) (i) (ii) (iii) (iv)

(B) (iv) (i) (iii) (ii)

(C) (ii) (iv) (i) (iii)

(D) (iv) (iii) (ii) (i)

34. fodklkP;k O;wgke/;s ^eksBk /kDdk* n`f"Vdksukps

vkpj.k dls mi;ksxh Bjrs \

(A) xqaro.kqdhlkBh fu"ÿh; cprh xfreku

d:u

(B) fodklkrhy izknsf'kd fo"kerk deh

d:u

(C) xqaro.kqdhojhy [kktxh o lkekftd

ijrkR;kae/khy rQkor deh d:u

(D) 'ksrekyklkBh cktkjisBk [kqY;k d:u

35. jksLVks ;kaP;k fodklkP;k VII;kapk R;kaP;k

ËofurkFkk±'kh tksMÓk ykok %

(a) ikjaifjd (i) vk/kqfud ra=Kkukpk okij

(b) laÿe.kkRed (ii) Lo;aiks"kd vkfFkZd o`ºh

(c) mÏk.k (iii) o`ºhP;k Lo;aiks"k.kklkBh jk"V™h;

mRiUukP;k 10% ,o<h xqaro.kwd

(d) izkS<koLFkk (iv) Jfed oxkZps eks<s izek.k fuokZgh

œ"kh {ks=ke/;s

(a) (b) (c) (d)

(A) (i) (ii) (iii) (iv)

(B) (iv) (i) (iii) (ii)

(C) (ii) (iv) (i) (iii)

(D) (iv) (iii) (ii) (i)

Page 14: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

14

FEB - 11313/III

36. Which of the following is the major

limitation of the ‘Big Push’ type of

developmental strategy ?

(A) Lack of foreign exchange

earning

(B) Resources of required scale not

available

(C) Inadequate flow of FDI

(D) Lack of political will on the part

of Government

37. “Given a limited amount of

investment resources and a series of

proposed investment projects whose

total cost exceeds the available

resources, then we need to pick out

first those projects that will make the

greatest contribution to development

relative to their cost”. Which of the

following approach/strategy/doctrine

is relevant in the above scenario ?

(A) Big Push

(B) Critical Minimum Efforts

(C) Balanced Growth

(D) Unbalanced Growth

36. fodkl O;wgke/khy ^ek sBk /kDdk* gÓk

izdkjkojhy izeq[k e;kZnk dks.krh \

(A) fons'kh pyukph miqÚ;k izek.kkr dekbZ

(B) iqjs'kk eksBÓk vuqekikr lkexzh miyCËk

ul.ks

(C) fons'kh izR;{k xqaro.kqdhpk viqjk izokg

(D) 'kklukP;k cktwus jktdh; bPNk'kDrhpk

vHkko

37. xqaro.kwd lkexzh e;kZfnr vkdkjkr miyC/k

vlrkuk vkf.k ,dw.k [kpZ miyC/k lkexzh&

is{kk vf/kd vlysyh izLrqr xq aro.kwd

izdYikaph ekfydk vlrkuk] ex vkiY;kyk

izFke rs izdYi fuoMkos ykxrkr ts R;kaP;k

[kpkZP;k rqyusr fodklkr lokZr eksBs ;ksxnku

d: 'kdrhr- [kkyhyi Sdh dk s. krk

n`f"Vdksu@O;wg@rŸo ojhy ifjfLFkrhe/;s mfpr

Bjsy \

(A) eksBk /kDdk

(B) dˇhps U;wure iz;Ru

(C) larqfyr o`ºh

(D) vlarqfyr o`ºh

Page 15: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

15 [P.T.O.

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38. The indicative ceiling of 39.5% of

Centre’s Gross receipts as transfer

to States from all channels is

recommended by :

(A) Tenth Finance Commission

(B) Eleventh Finance Commission

(C) Twelfth Finance Commission

(D) Thirteenth Finance Commission

39. The 80th Amendment of the

Constitution facilitates sharing of

the net proceeds of :

(A) All Central Taxes

(B) All Direct Taxes

(C) All Indirect Taxes

(D) Goods and Services Tax

40. Distributive effects of taxes are

called :

(A) Burden of Tax

(B) Incidence of Tax

(C) Budget Incidence

(D) Least Burden of Tax

41. If the effective Revenue Deficit is

zero, the entire Fiscal Deficit would

be spent on :

(A) Non-plan Expenditure

(B) Total Revenue Expenditure

(C) Capital Expenditure

(D) Non-plan Revenue Expenditure

38. dsaÊ ljdkjP;k ,dw.k eglqykrwu jkT;kauk loZ

ekxkZus okVi dsY;k tk.kkÚ;k eglqykph 39.5

VDds ;k lwpd deky e;kZnsph dks.kR;k foŸkvk;ksxkus f'kQkjl dsyh \

(A) ngkok foŸk vk;ksx

(B) vkdjkok foŸk vk;ksx

(C) ckjkok foŸk vk;ksx

(D) rsjkok foŸk vk;ksx

39. Hkkjrh; jkT;?kVusP;k 80O;k nq#Lrheq s dsaÊ

vkf.k jkT;kae/;s dks.kR;k fuOoˇ eglqykP;kokVikph lks; >kyh \

(A) loZ dsaÊh; djkaP;k

(B) loZ izR;{k djkaP;k

(C) loZ vizR;{k djkaP;k

(D) oLrw o lsok djkaP;k

40. djkps forj.kkRed ifj.kke Eg.kts dk; \

(A) dj Hkkj

(B) dj vkikr

(C) vFkZladYih; vkikr

(D) djkpk dehr deh Hkkj

41. tj izHkkoh eglqyh rwV 'kwU; vlsy] rj laiw.kZjktdks"kh; rwV dks.kR;k ckchoj [kpZ dsyhtkrs \

(A) ;kstusrj [kpZ

(B) ,dw.k eglqyh [kpZ

(C) HkkaMoyh [kpZ

(D) ;kstusrj eglqyh [kpZ

Page 16: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

16

FEB - 11313/III

42. Which one of the following is not

reckoned in computing Central

Government’s Fiscal Deficit ?

(A) Part of National Small Saving

Fund which has been invested

in State Government’s Securities

(B) External Debt

(C) Cash Management Bill

(D) Market Loan

43. During the period 2010-11 interest

payments as proportion to net tax

revenue of Central Government

was :

(A) 42.9 percent

(B) 46.7 percent

(C) 41.1 percent

(D) 38.9 percent

44. ‘A’ : Mercantilists believed that

all countries can prosper

simultaneously.

‘B’ : Mercantilists believed in trade

restrictions and export growth.

Make the correct choice :

(A) Statement ‘A’ is correct and

statement ‘B’ is incorrect

(B) Statement ‘A’ is incorrect and

statement ‘B’ is correct

(C) Both statements ‘A’ and ‘B’ are

correct

(D) Both statements ‘A’ and ‘B’ are

incorrect

42. dsaÊ ljdkjP;k jktdks"kh; rqVhr [kkyhyiSdh

d'kkph x.kuk dsyh tkr ukgh \

(A) jk"V™h; vYicprhpk Hkkx tks jkT;

ljdkjkaP;k izfrHkwfrr xqaroyk tkrks

(B) fons'kh dtZ

(C) jks[k O;oLFkkidh; izi=

(D) cktkj dtZ

43. 2010-11 ;k o"khZ dsaÊ ljdkjP;k fuOoˇ

eglqykP;k fdrh VDds O;kt Hkwxrku gksrs \

(A) 42.9 VDds

(B) 46.7 VDds

(C) 41.1 VDds

(D) 38.9 VDds

44. ‘A’ : O;kikjok|kapk vlk fo'okl gksrk dhloZ ns'k ,dkp os h le`º gks≈ 'kdrkr-

‘B’ : O;kikjok|kapk O;kikj fu;a=.k vkf.k fu;kZro`fºoj fo'okl gksrk-

;ksX; fuoM djk %

(A) fo/kku ‘A’ cjkscj vkgs vkf.k fo/kku ‘B’

pwd vkgs

(B) fo/kku ‘A’ pwd vkgs vkf.k fo/kku ‘B’

cjkscj vkgs

(C) ‘A’ vkf.k ‘B’ gh nksUgh fo/kkus cjkscjvkgsr

(D) ‘A’ vkf.k ‘B’ gh nksUgh fo/kkus pwd

vkgsr

Page 17: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

17 [P.T.O.

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45. Predatory dumping is :

(A) Dumping of agricultural

products abroad

(B) A response to other country’s

dumping

(C) A temporary sale of commodity

at a lower price abroad in order

to drive foreign producer out of

business

(D) Decreasing the dumping duty

to increase a country’s exports

46. Constant elasticity of substitution

(CES) production function exhibits :

(A) A constant elasticity of

substitution between labour

and capital

(B) A constantly varying degree of

elasticity of substitution

between labour and capital

(C) Constant and unitary elasticity

of substitution between labour

and capital

(D) Varying degree of elasticity of

substitution between labour

and capital based on the

marginal quantities

45. Li/kZdHk{kh voiqatu Eg.kts %

(A) œ"kh mRiknukaps ijns'kkr voiqatu dj.ks

(B) nqlÚ;k ns'kkP;k voiqatukl izfrlkn

(C) ijn s'kh mRikndkl cktkji sB sr wu

?kkyfo.;kdjhrk oLrwph vYi fdaerhl

rkRiqjrh foÿh

(D) ns'kkph fu;kZr ok< gks.;klkBh voiqatu

'kqYd deh dj.ks

46. i;kZ;rk mRiknu Qyukph fLFkj yophdrk vls

n'kZfors -------------------

(A) Je vkf.k HkkaMoy i;kZ;rsph fLFkj

yofpdrk

(B) Je vkf.k HkkaMoy i;kZ;rk yofpdrsps

lkrR;krs cny.kkjs izek.k

(C) Je vkf.k HkkaMoy i;kZ;rsph fLFkj vkf.k

,dd yofpdrk

(D) Je vkf.k HkkaMoykP;k lhekar ek=kaoj

vk/kkjhr lkrR;kus cny.kkjh i;kZ;rk

yofpdrk

Page 18: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

18

FEB - 11313/III

47. One of the significant impacts of the

WTO on India’s Foreign Trade

Policy is :

(A) Reduction in the peak import

duty on non-agricultural

products to 10 per cent along

with phasing out of quantitative

restrictions

(B) Reduction in the peak import

duty on agricultural products

to 15 per cent along with

quantitative restrictions on

agricultural imports

(C) Reduction in the peak import

duty on non-agricultural

products to 15 per cent along

with phasing out of quantitative

restrictions

(D) Reduction in the peak import

duty on technology to 15 per cent

along with allowing quantitative

restrictions

47. HkkjrkP;k ijfd; O;kikj /kksj.kkojhy tkxrhd

O;kikj la?kVuspk ,d egRokpk ifj.kke vlk

vkgs %

(A) la[;kRed fu;a=.kkus VI;kVI;kus nwj

dj.;k cjkscjp fcxj œ"kh mRiknukaojhy

mPpre vk;kr 'kqYd 10 VDD;kai;±r

deh dj.ks

(B) œ"kh vk;krh aojhy la[;kRed

fu;a=k.kk alghr œ"kh mRiknuk aP;k

vk;krhojhy mPpre vk;kr 'kqYd 15

VDD;kai;±r deh dj.ks

(C) la[;kRed fu;a=.ks VI;kVI;kus nwj dj.;k

cjk scjp fcxj œ"kh mRiknuk aP;k

vk;krhojhy mPpre vk;kr 'kqYd 15

VDD;kai;±r deh dj.ks

(D) la[;kRed fu; a=.kk alghr QDr

ra=Kkukojhy mPpre vk;kr 'kqYd 15

VDD;kai;±r deh dj.ks

Page 19: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

19 [P.T.O.

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48. As a member of the WTO :

(A) A country can refuse to bind a

tariff rate on a commodity and

it does not need to promise the

member countries about the

tariff on that commodity

(B) A country binds a tariff rate by

committing that it will not raise

tariff on that product beyond

the bound level

(C) A country does not need to bind

itself about the tariff rate on the

product and it has the freedom

of raising tariff according to its

developmental priorities

(D) A country binds a tariff rate by

committing that it will not raise

tariff on the inputs of that

product

49. An optimum currency area refers

to :

(A) A group of nations who enter

into preferred trade agreements

(B) A group of nations whose

currencies have permanently

fixed exchange rates

(C) Nations in customs union who

use a common currency

(D) Nations with multilateral trade

agreements

48. tkxrhd O;kikj la?kVuspk lnL; ;k

ukR;kus ---------------------

(A) ns'k ,[kk|k oLrwojhy 'kqYd nj fu'phrh

ukdk: 'kdrks vkf.k lnL; ns'kkauk

lacaËkhr oLrwojhy 'kqYdnjklanHkkZr

vk'oLr dj.;kph vko';drk ukgh

(B) ns'k 'kqYdnjkfo"k;h Lor%yk cka/kqu rsowu

laca/khr mRiknukojhy 'kqYd nj cafnLr

ikrˇhis{kk ok<ohukj ukgh v'kh geh nsrks

(C) ns'kkyk 'kqYdnjfu'phrhfo"k;h Lor%oj

ca/kukph vko';drk ulwu ns'kkyk R;kP;k

fodklfo"k;d izk/kkU;ÿekuqlkj 'kqYdnj

fu'phrhps Lokra´; vkgs

(D) ns'k 'kqYd nj cka/kqu ?ksowu laca/khr

mRiknukojhy 'kqYd nj ok<ohukj ukgh

vls cpu nsrks

49. i;kZIr pyu{ks= -------------------- /ouhr djrs-

(A) izk/kkU; O;kikj djkjkvarxZr ns'kkaP;k

leqgkus ,d= ;s.ks

(B) ns'kkapk vlk leqg dh T;kaP;k pyukps

fofue; nj dk;eLo:ih fu'phr vlrkr

(C) leku pyu okij.kkÚ;k ns'kkapk eqDr

O;kikj la?k

(D) cgqÌs'kh; O;kikj djkjkvarxZr ns'k

Page 20: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

20

FEB - 11313/III

50. In a managed floating exchange

rate system :

(A) Nation’s monetary authorities

will intervene in foreign

exchange markets to reduce

short-term volatility

(B) Only a common monetary

authority of nations can

intervene in foreign exchange

markets

(C) Exchange rate fluctuations are

moderated by using monetary

policy

(D) All nations accept the market

determined exchange rates

51. The Cash Reserve Ratio (CRR) is

used by RBI to................ .

(A) Influence the cost of credit

(B) Lower margin requirements in

the stock market

(C) Influence the commercial

banking system’s volume of

credit

(D) Encourage savings in the

economy

50. O;oLFkkih; rjy fofue; nj iºrhr %

(A) vYidkyhu p<mrkj deh dj.;kdjhrk

ns'kkps foŸkh; vf/kdkj eaMˇ fons'kh

fofue; cktkjkr gLr{ksi djrs

(B) QDr ns'kkaps lkekU; foŸkh; vf/kdkj

eaMˇ fons'kh fofue; cktkjkr gLr{ksi

djrs

(C) fofue; njkrhy p<mrkjkps ekSÊhd

Ëkksj.kkP;k lgk∏;kus lkSE; dsys tkrkr

(D) loZ jk"V™s cktkj fuf'pr fofue; njkpk

fLodkj djrkr

51. Hkkjrh; fj>oZ c°dsdMwu jks[k jk[kho xq.kksŸkjkpk

okij ---------------------- lkBh gksrks-

(A) dtkZP;k O;ktnjkoj ifj.kke dj.ks

(B) 'ksvj cktkjkrhy e;kZnk xjt ?kVo.ks

(C) O;kikjh c°dkaP;k ,dw.k dtkZoj ifj.kke

dj.ks

(D) vFkZO;oLFksr cprhauk mŸkstu ns.ks

Page 21: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

21 [P.T.O.

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52. The bank rate of the RBI is used

to :

(A) Influence the prime lending

rate of banks

(B) Control the saving rate in the

economy

(C) Reduce unemployment in the

economy

(D) Control the inflation rate in the

economy

53. The Industrial Development Bank

of India (IDBI) was set up to :

(A) Provide long-term finance to

industry

(B) Assist small-scale industries in

private sector

(C) Promote development of cottage

and village industries

(D) To re-finance the co-operative

banks

54. The Industrial Credit and

Investment Corporation of India

(ICICI) is set up to :

(A) Provide assistance for large and

heavy industries

(B) Promote mergers and

acquisitions of companies

(C) Provide finance for export and

import trade

(D) Develop small and medium

industries in the private sector

52. Hkkjrh; fj>oZ c°dsdMwu c°dnjkpk okij-------------------------- lkBh gksrks-

(A) dtkZojhy ewyk/kkj O;ktnjkoj ifj.kke?kMowu vk.k.ks

(B) vFkZO;oLFksrhy cprhP;k njkoj fu;a=.kBso.ks

(C) vFkZO;oLFksrhy csjkstxkjh deh dj.ks

(D) vFkZO;oLFksrhy fdaerok<hP;k njkojfu;a=.k Bso.ks

53. Hkkjrh; vkS|ksfxd fodkl c°dsph (IDBI)

LFkkiuk ---------------------- lkBh dj.;kr vkyh-

(A) m|ksx{ks=kl nh?kZdkyhu foŸkiqjoBk dj.ks

(B) izk/kkU; {ks=krhy y?kq m|ksxkauk enr dj.ks

(C) y?kq m|ksx o dqfVjks|ksxkP;k fodklkps

izorZu dj.ks

(D) lgdkjh c°dkauk iqufoZŸklsok ns.ks

54. Hkkjrh; vkS|ksfxd ir o xqaro.kwd egkeaMˇ

(ICICI) ph LFkkiuk ------------------------ lkBhdj.;kr vkyh-

(A) cMÓk vkf.k votM m|ksxkauk enr dj.ks

(B) daiU;kaps lkfeyhdj.k vkf.k ifjxzg.kklmŸkstu ns.ks

(C) vk;kr vkf.k fu;kZr O;kikjkl foŸkiqjoBkdj.ks

(D) [kktxh {ks=kr y?kq vkf.k e/;e m|ksxfodflr dj.ks

Page 22: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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55. The average number of man days

lost per worker during industrial

disputes in recent times in India

from public sector was low as

compared to private sector.

What can you say about this

observation ?

(A) This observation is true

(B) This observation is false

(C) This observation is incorrect

because of lack of sufficient

reliable data

(D) This observation is applicable to

post-reform period only

56. What can you say about the

industrial development and

dominating industries during that

time period in India ?

Match Accordingly :

(i) 1955 to 1970’s (a) Engineering Goods

(ii) 1980-2000 (b) Heavy and Basic

Industries

(iii) Post-2000 period (c) Software and

Consumer Goods

(d) Primary Sector

Industries

(i) (ii) (iii)

(A) (c) (a) (b)

(B) (d) (c) (a)

(C) (b) (a) (c)

(D) (a) (d) (c)

55. Hkkjrkr uftdP;k dkˇkr [kktxh {ks=kP;k

rqyusus lkoZtfud {ks=krhy nj dkexkjkekxhy

Je fnolkaP;k uqdlkuhph ljkljh la[;k

deh gksrh- ;k fujh{k.kko:u rqEgh dk;

Eg.kky \

(A) gs fujh{k.k cjkscj vkgs

(B) gs fujh{k.k pwd vkgs

(C) g s fujh{k.k p wd vkg s dkj.k

iqjs'kh fo'oluh; ekfgrh miyC/k

ukgh

(D) gs fujh{k.k lq/kkj.kk dkˇkuarjP;k

dky[kaMkl ykxw vkgs

56. Hkkjrkrhy vkS|ksfxd fodkl o lacaf/krdky[kaMkrhy izHkkoh m|ksx ;klaca/kh rqEgh dk;ZEg.kky \

tksMÓk ykok %

(i) 1955 rs 1970 ps (a) vfHk;kaf=dh oLrw

n'kd

(ii) 1980-2000 (b) votM o ewˇHkwr m|ksx

(iii) 2000 uarjpk dky[kaM (c) xzkgdksi;ksxh oLrw o

lkW∂Vosvj oLrw

(d) izkFkfed {ks= oLrw

(i) (ii) (iii)

(A) (c) (a) (b)

(B) (d) (c) (a)

(C) (b) (a) (c)

(D) (a) (d) (c)

Page 23: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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57. The strategic sale of public sector

enterprises such as VSNL, IPCL was

the part of ................... .

(A) Modernisation Programme

(B) Diversification Programme

(C) Export Promotion Programme

(D) Privatisation Programme

58. The National Housing Bank and

NABARD can be termed as .............. .

(A) Under-rating Institutions

(B) Refinancing Institutions

(C) Consulting Institutions

(D) Export Financing Institutions

59. “Population as the ultimate resource

for development” is proposed by :

(A) Coale and Hoover

(B) Simon

(C) Sidgwick

(D) Caldwell

60. The theory of optimum population

based on maximisation of total

welfare was put forward by :

(A) Hirschmann

(B) Coale and Hoover

(C) Sidgwick

(D) Malthus

57. VSNL, IPCL v'kk lkoZtfud izeaMˇkaph

MkoispkRed foÿh gk --------------------------

dk;Zÿekpk Hkkx gksrk-

(A) vk/kqfudhdj.k

(B) fofo/khdj.k

(C) fu;kZr izorZu

(D) [kklxhdj.k

58. jk"V™h; x`gfuekZ.k c°d o ukckMZ ;kauk---------------------- Eg.krk ;sbZy-

(A) geh/kkjd laLFkk

(B) iqufoZŸk laLFkk

(C) lYyklsok laLFkk

(D) fu;kZr foŸkiqjoBknkj laLFkk

59. ^^fodklklkBhpk vafre l z k sr Eg.kt s

yksdla[;k** gs dks.kh ekaMys \

(A) dksy vkf.k gwOgj

(B) lk;eu

(C) fltfod

(D) dkWYMosy

60. ,dw.k dY;k.kkP;k egŸkehdj.kkoj vk/kkjysyk

b"Vre yksdla[;spk flºkar dks.kh ekaMˇk \

(A) g'kZeu

(B) dksy vkf.k gwoj

(C) fltfod

(D) ekYFkl

Page 24: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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61. Provision for “environmental

protection” was included in the

Indian Constitution through the

42nd Constitutional Amendment

passed in .................... .

(A) 1956

(B) 1976

(C) 1986

(D) 1996

62. After 1965, the death rate in India

began to fall and India entered the

.................... stage of the demographic

transition.

(A) 1st

(B) 2nd

(C) 3rd

(D) 4th

63. Panchayati Raj Institutions in India

are expected to emphasize :

(A) Cooperative planning

(B) Functional planning

(C) Multilevel planning

(D) Indicative planning

64. The fruits of the first Green

Revolution in India were generally

seen during :

(A) 1965-1970

(B) 1980-1985

(C) 1955-1965

(D) 1950-1955

61. ^^i;kZoj.k laj{k.kk* lkBhP;k rjrwnhpk lekos'k

Hkkjrh; jkT;?kVusr 42O;k ?kVuknq#LrhekQZr

dks.kR;k lkyh eatwj >kyk \

(A) 1956

(B) 1976

(C) 1986

(D) 1996

62. 1965 uarj] Hkkjrkr e`R;w nj deh gks≈ ykxykvkf.k Hkkjrkus yk sdla[;k laÿe.kkP;k--------------------- VII;kr izos'k dsyk-

(A) 1Y;k

(B) 2Ú;k

(C) 3Ú;k

(D) 4F;k

63. Hkkjrkrhy iapk;r jkt laLFkkauh ;kdMs y{kns.ks vfHkizsr vkgs %(A) lgdkj fu;kstu(B) dk;kZRed fu;kstu(C) cgqLrjh; fu;kstu(D) fn'kkn'kZd fu;kstu

64. Hkkjrkrhy ifgY;k gfjr ÿkarhph Qˇs

lkËkkj.ki.ks ;k dky[kaMkr fnlwu vkyh %

(A) 1965 rs 1970

(B) 1980 rs 1985

(C) 1955 rs 1965

(D) 1950 rs 1955

Page 25: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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65. The Agricultural Prices Commission

has been renamed as :

(A) Agricultural Costs Commission

(B) Commission for Agricultural

Costs and Prices

(C) Agricultural Costs and Rural

Prices Commission

(D) Agricultural and Rural

Development Commission

66. During the Second Five Year Plan

to Eleventh Five Year Plan period,

the outlay on agriculture and allied

sectors has ranged between ..............

of the total plan outlay.

(A) 20%—35%

(B) 10%—25%

(C) 19%—24%

(D) 15%—25%

67. Which one of the following is not the

cause of sub-division and

fragmentation of land holdings in

India ?

(A) Pressure of population

(B) Decline of joint family system

(C) Impact of new technology

(D) Extensive indebtedness among

farmers

65. œ"kh eqY; vk;ksx v'kk izdkjs iquj&ukehr

dj.;kr vkyk vkgs %

(A) œ"kh [kpZ vk;ksx

(B) œ"kh [kpZ o fdaer vk;ksx

(C) œ"kh [kpZ o xzkeh.k fdaer vk;ksx

(D) œ"kh o xzkeh.k fodkl vk;ksx

66. nqlÚ;k rs vdjkO;k iapok"khZd ;kstuk dkˇkr

,dw.k ;kstuk rjrqnhiSdh œ"kh lYyXu

{ks=kojhy rjrqnh ---------------- njE;ku jkfgY;k-

(A) 20%—35%

(B) 10%—25%

(C) 19%—24%

(D) 15%—25%

67. Hkkjrkrhy tfeu/kkj.k sP;k foHkktu o

rqdMhdj.kkps [kkyhyiSdh dks.krs dkj.k

ukgh \

(A) yksdla[kspk Hkkj

(B) ,d= dqVqac iºrhpk Úgkl

(C) ufou ra=Kkukpk ifj.kke

(D) 'ksrdÚ;kae/khy lkoZ=hd dtZcktkjhi.kk

Page 26: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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68. Arrange the following sources of

irrigation in India in the descending

order in terms of their coverage :

tanks, canals, wells and tube-

wells

(A) Wells and Tube-wells, Tanks,

Canals

(B) Wells and Tube-wells, Canals,

Tanks

(C) Canals, Tanks, Wells and Tube-

wells

(D) Canals, Wells and Tube-wells,

Tanks

69. Consider the linear demand curve

q = 30 – 2P. If P = 10, then the

consumer’s surplus is :

(A) 20

(B) 30

(C) 15

(D) 25

70. Assume that the monopolist demand

curve is given as P = 80 – q and

its MC = 40, then at the point of

equilibrium, price elasticity is equal

to :

(A) 3

(B) 4

(C) 5

(D) 1

68. Hkkjrkph [kkyhy ik.khiqjoBÓkph lk/kus R;kaP;k

O;kIrhuqlkj mrjR;k ÿekus ykok %

ryko] ikV] fofgjh vkf.k dqiuyhdk

(A) fofgjh vkf.k dqiuyhdk] ryko] ikV

(B) fofgjh vkf.k dqiuyhdk] ikV] ryko

(C) ikV] ryko] fofgjh vkf.k dqiuyhdk

(D) ikV] fofgjh vkf.k dqiuyhdk] ryko

69. q = 30 – 2P gk js"kh; ekx.kh oÿ y{kkr?;k- tj P = 10 vlsy] rj miHkksDR;kpslarks"kkf/kD; ,o<s vlsy %

(A) 20

(B) 30

(C) 15

(D) 25

70. P = 80 – q gk eDrsnkjkpk ekx.kh oÿ x`fgr

/kjk- tj MC = 40 vlsy] rj lerksykP;kfcanwik'k ekx.khph fdaer yofpdrk ,o<hvlsy %

(A) 3

(B) 4

(C) 5

(D) 1

Page 27: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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71. In dual linear programming

problem for outputs maximisation of

a firm the dual variables are

interpreted as :

(A) Imputed unit price

(B) Imputed input price

(C) Actual unit price

(D) Actual input price

72. The following values are given in a

2-variable regression of Y on X :

Y 100,= X 200,= 0.2∧

β =

Then estimated value of intercept

is :

(A) 40

(B) 180

(C) 60

(D) 170

73. B in BLUE means :

(A) High R2 value

(B) All co-efficients have positive

sign

(C) Standard error of the estimator

is minimum

(D) F value is statistically

significant

71. m|ksxlaLFksps mRiknu egŸke dj.;klkBhP;k

f}js"kh; izk;kstukrhy f}&pykapk /ofurkFkZ vlk

vlrks %

(A) xfHkZr ,dd fdaer

(B) xfHkZr vknku fdaer

(C) izR;{k ,dd fdaer

(D) izR;{k vknku fdaer

72. Y P;k X ojhy f}&py izrhixeukr [kkyhy

ewY; fnysy vkgsr %

Y 100,= X 200,= 0.2∧

β =

v'kk ifjLFkhr Nsnkps vankftr ewY; ,o<s

vlsy %

(A) 40

(B) 180

(C) 60

(D) 170

73. BLUE e/khy B pk vFkZ vlk vlrks %

(A) R2 ps mPp ewY;

(B) loZ lgxq.kdkaps /ku fpUg

(C) vkdyukph ekud=qVh fdeku vkgs

(D) F ph fdaer la[;k'kkL=h; n`"Vhus

y{k.kh; vkgs

Page 28: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

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74. Autocorrelation problem occurs :

(A) When lagged values are present

(B) When error terms are

independent

(C) When error terms either

increase or decrease

(D) When independent variables

are correlated

75. In a log-log model, β measures the

effect of :

(A) Unit change in X on unit

change in Y

(B) Percentage change in X on

percentage change in Y

(C) Unit change in X on percentage

change in Y

(D) Percentage change in X on unit

change in Y

74. Lo;alaca/kkph leL;k dsOgk mn~Hkors \

(A) tsOgk i‹prktU; ewY;kapk lekos'k gksrks

(B) tsOgk =qVhins vuoyach vlrkr

(C) tsOgk =qVh ins ok<rkr fdaok deh gksrkr

(D) tsOgk Lopys ijLijkoyach vlrkr

75. log-log ueqU;ke/;s β gk --------------- P;k

ifj.kkekps ekiu djrks-

(A) Y e/khy izfr,dd cnykeq s gks.kkjk

X e/khy izfr,dd cny

(B) Y e/khy izfr'kr cnykeqˇs gks.kkjk

X e/khy izfr'kr cny

(C) Y e/khy izfr'kr cnykeqˇs gks.kkjk

X e/khy izfr,dd cny

(D) Y e/khy izfr,dd cnykeq s gks.kkjk

X e/khy izfr'kr cny

Page 29: Paper III vFkZ'kkL= - Savitribai Phule Pune Universitysetexam.unipune.ac.in/QuestionPaper/17FEB_Economics_PIII.pdfIn the kinked demand model, if the demand shifts rightwards due to

29 [P.T.O.

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ROUGH WORK