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Questions › JNU › JNU SIS 2014

JNU SIS 2014 question paper

All 25 questions from the JNU SIS 2014 JNU MA Economics entrance paper. Open any question for the worked solution.

  1. Q1If lim_(x → 3) f(x) = 7, then
  2. Q2Suppose A is a 5 × 2 matrix, B is an r × s matrix and C is a p × 3 matrix. If A′ * B * C′ is defined, which of the following is true?
  3. Q3If the matrix [1 2 1; 2 0 α; 1 α 1] is singular, the value of α must be
  4. Q4The real valued function f(c) = (c + 2)³ - 8 has a point of inflexion
  5. Q5Suppose that in a particular market, the supply curve is highly elastic and the demand curve is highly inelastic. If a tax is imposed in this…
  6. Q6A firm faces the following long-run cost function: TC = q³ - 40q² + 450q The average cost (AC) will be at its minimum, when
  7. Q7A firm is employing 100 units of labour and 50 units of capital to produce 200 pens. Labour costs ₹ 10 per unit and capital ₹ 5 per unit. For the…
  8. Q8Which of the following is correct?
  9. Q9Total revenue from the sale of a commodity is given by R = 100x - 2x², where x is the quantity of the commodity. Hence, the point elasticity of…
  10. Q10In a model with two goods, x and y, with x plotted on the horizontal axis, the price consumption curve generated by changing the price of x is…
  11. Q11The probabilities that A and B speak the truth independently are 0·6 and 0·8 respectively. If they make the same statement, S, then the probability…
  12. Q12A random variable X has a uniform (rectangular) distribution over the range 0 < x < 10. Then the probabilities P(x = 5) and P(|x| < 5) are
  13. Q13An unbiased die is tossed twice. The probability of obtaining 6 at least once is
  14. Q14Twelve persons are seated in a circle. The probability that there are exactly three persons seated between A and B is
  15. Q15The probability mass function of a random variable is given to be f(x) = x/15 for x = 1, 2, 3, 4, 5; and zero elsewhere. Then the mean of the…
  16. Q16In deriving the aggregate demand curve, a —— in the price level leads to a/an —— in the real money supply, because the nominal quantity of rupees…
  17. Q17Let the following represent the structure of a small open economy with a fixed exchange rate: C = 40 - 6*r + 0· 8(Y - T) T = 25 + 0· 2Y I_P = 60…
  18. Q18Which of the following is true of the relationship between the IS curve and the AD curve?
  19. Q19Which among the following two effects can stabilize the economy (by raising aggregate demand) when prices fall?
  20. Q20Consider two economies that are identical with the exception that one has a high marginal propensity to consume (MPC) and the other has a low MPC.…
  21. Q21A devaluation of a currency under the fixed exchange rate regime is likely to have no impact on the balance of trade, if
  22. Q22The Stolper-Samuelson theorem states that an imposition of a tariff by the home country on its imports, which is capital-intensive, gives rise to
  23. Q23If an economy produces two goods, X and Y, with two factors of production, K and L, where X is labour-intensive good and Y is capital-intensive good…
  24. Q24Free trade is the optimal trading policy for
  25. Q25Consider a Ricardian world of two countries, Germany and Italy, capable of producing two goods, steel and shoes. The labour availability and labour…