JNU SIS 2019 question paper

All 40 questions from the JNU SIS 2019 JNU MA Economics entrance paper. Open any question for the worked solution.

1. Q1Which of the following will cause total revenue earned by cell phone producers to rise?
2. Q2Consider utility functions u and v of the form: u(x,y) = 2x + 3y; v(x,y) = √((x+y)). Which of the following statements is true?
3. Q3The classical economists attacked which of the following mercantilist propositions A. state action was necessary to direct the capitalist system. B.…
4. Q4The supply of labor in the classical system is a function of the
5. Q5There are two countries A and B. The age-specific death rates for all age groups in country A are higher than that in country B. Yet the overall…
6. Q6The Ricardian theory of comparative advantage depends upon
7. Q7Which of the following is NOT an assumption of the Harrod-Domar model?
8. Q8If a small open country imposes a 10 percent tariff on imports of cars, then
9. Q9Choose the correct option:
10. Q10A current account deficit in a nation's balance of payments accounts implies that
11. Q11Assuming away any income effect on fertility decisions, in the face of high unemployment, fertility rates will tend to
12. Q12An economy produces two goods (X and Y) with two factors of production (K and L), where X is labour-intensive and Y is capital-intensive good. If…
13. Q13Suppose Y (output) = 4,000, T (taxes) = tY where t, the marginal tax rate, is 0.3, the marginal propensity to consume, c, is 0.8, and government…
14. Q14Consider the function f(x) = 3x - 5 if x ≠ 1 and f(x) = 2 if x = 1 Choose the correct option
15. Q15Let Σₙ₌₁^∞ aₙ be a convergent series and let S be its sum. Let Sₙ = Σᵢ₌₁ⁿ aᵢ be the n-th order partial sum. Then lim_(n → ∞) Sₙ and lim_(n → ∞) aₙ…
16. Q16The tables below show various combinations of goods X and Y which give a consumer the indicated levels of cardinal utility. | 1 UTIL | 4 UTILS | 16…
17. Q17Consider the two following statements: (i) A good is inferior only if quantity demanded falls as price falls, (ii) If we observe an individual to…
18. Q18Mary’s demand curve for food is Q = 10 - 2P. Her price elasticity of demand for food at price P* equals (-2/3). How much is P*?
19. Q19The series Σₙ₌₁^∞ n2ⁿ/n!
20. Q20Suppose that demand in the market for Economics books is Q_D = max{0, 3000 - 4P} and supply is Q_S = max{0, -1000 + 12P}. In market equilibrium, the…
21. Q21The maximum amount of wheat and cloth that two countries can produce with full employment of resources is given in kilograms and meters…
22. Q22A professional in India earns INR 2,50,000/- per month, while his/her counterpart in the UK earns GBP 5,000/- per month. The nominal exchange rate…
23. Q23Consider the following two-player game in which each player has 3 pure strategies. | Player 2 | L | C | R | Player 1 | U | 4, 3 | 5, 1 | 6, 2 | M |…
24. Q24As the price of coffee rises, I drink less tea. Hence
25. Q25In a classical macroeconomic model, if the supply of labor schedule is plotted against the money wage, not the real wage, then
26. Q26Consider an economy where the interest rate is so low that it cannot decrease further (liquidity trap). In such an economy,
27. Q27Suppose (x₁*, x₂*) maximizes utility subject to a budget constraint p₁x₁ + p₂x₂ ≤ y, where (p₁, p₂) is the price vector and y is the income. Suppose…
28. Q28Let X be a continuous random variable with pdf f(x) = { kx; 0 ≤ x ≤ 5; 0; Otherwise } Then the probability P(1≤ X ≤3) is
29. Q29Which of the following statements is (are) correct? A. Under a fixed exchange rate system, potential conflicts arise between the goals of internal…
30. Q30Let A and B be events such that P(A)=1/3, P(B)=1/4 and P(AUB)=1/2. The value of P(A/B) is
31. Q31The average score of 100 students in a subject was given to be 45. At the time of scrutiny, it was found that a score of 88 was recorded as 33 by…
32. Q32f(x) = (x²-2x+4)/(x²+4x+3). Then f(x) has
33. Q33Which of the following is true of the relationship between the IS curve and the AD curve?
34. Q34Define the matrices M = [0 1 0 0; 3 -2 2 1; 0 15 0 1; 5 5 5 5] and N = [3 9 -1 -1; 0 1 0 16; 0 0 2 3; 0 0 0 2] The value of the determinant of (MN)…
35. Q35If India's net domestic product (NDP) exceeds its gross national product (GNP), which of the following must be true?
36. Q36Suppose leisure is a normal good. When the hourly wage rises, all else equal, this leads to
37. Q37If X ~ Binomial (n, p), E(X)=2 and Var(X)= 4/3, then the values of n and p are
38. Q38Suppose that in a particular economy, the poor earn ₹ 500 per year and spend it all on consumption, the middle class earn ₹ 2,000 per year and…
39. Q39Suppose Y (output) = 4,000, T (taxes) = tY where t, the marginal tax rate, is 0.3, and government spending, G = 1,000. This is a closed economy. Now…
40. Q40An economy produces two goods (X and Y) with two factors of production (K and L), where X is labour-intensive and Y is capital-intensive good. If…