JNU SSS 2010 question paper

All 100 questions from the JNU SSS 2010 JNU MA Economics entrance paper. Open any question for the worked solution.

Q1In a closed economy, the balanced budget multiplier is
Q2Stagflation describes a situation of
Q3If Canada has a comparative advantage in the production of wheat compared to the United States, it means that
Q4Infant industry protection is
Q5For the countries in the European Union that share a common currency, the euro,
Q6The current account balance in an open economy
Q7A streetlight is considered as a good example of a public good
Q8The bottom 20 percent of the world's population are estimated to receive around this much of global income
Q9If an economy is a price taker in world markets for both exports and imports, exchange rate devaluation
Q10The 'Gold Standard' refers to an international currency regime under which
Q11If the price of the commodity is 20, then the profit-maximizing level of output is
Q12The next six questions 11–16 are based on the following table which gives the variable cost of producing the different levels of output of a…
Q13Let π(20) denote the profit of the firm when the price of the output is 20 and let π(19) denote the profit of the firm when the price of the output…
Q14The next six questions 11–16 are based on the following table which gives the variable cost of producing the different levels of output of a…
Q15If the price of the commodity is 17, then the profit-maximizing level of output is
Q16If the price of the commodity is 17, then at the profit-maximizing level of output the firm
Q17If good x and good y are perfect substitutes, then the indifference curves will be
Q18A monopolist faces the following demand function D(P): D(P) = 10 for P in the interval [0, 10] = 20 - P for P in the interval (10, 20) = 0 for P in…
Q19The consumer's budget set is
Q20The next two questions 19 and 20 are based on the following: Suppose a consumer wants to consume two commodities both of which are available only in…
Q21Satish is very conscious about the food he eats. He only eats rotis and dal; a cup of dal costs Rs 2 while each roti costs Re 1 and Satish decides…
Q22A monopolist has a demand curve with constant price elasticity with absolute value 4. The monopolist charges a price of 60 per unit of output. What…
Q23In a two-good world, a consumer's utility function is given by the following: U(x, y) = max {x, y}, where x and y are the amounts consumed of the…
Q24A firm has a production function q = A · K^(0·5) L^(1·8), where A is a positive constant. Such a production function exhibits
Q25The short-run supply curve for a competitive firm is given by
Q26If X₁, X₂, ⋯, Xₙ are non-negative real numbers, then their
Q27If (x/b) > (b/c), then
Q28Let f(x) = (log (x))/x, where 0 < x < 1. Then for all x such that 0 < x < 1
Q29Given two numbers x = (3√7 + 4√7)² and y = 343, which of the following must be true?
Q30Beena's average score after 8 class tests is 84. In her first 7 class tests, Beena's average score was 85. In her last class test, Beena has scored
Q31The function f(x) = log₁₀ x is continuous over the interval
Q32If a · b = M, M is different from 0 and (a + b) = 4, then
Q33Let X₁, X₂, ⋯, X₂₀ and Y₁, Y₂, ⋯, Yₙ be two collections of sets. Suppose every Xᵢ contains 5 elements and every Yⱼ contains 2 elements and ⋃ᵢ₌₁²⁰ Xᵢ…
Q34Suppose interest is compounded half-yearly at the rate of 10% per annum. If the present value of an asset which returns a fixed sum of Rs X after…
Q35If the elasticity of f(x) with respect to x is 0·5 (f(x) > 0 and x > 0), then the elasticity of f(x)/x with respect to x is
Q36In an examination, there are three multiple-choice questions and each question has 4 choices. Number of ways in which a student can fail to get all…
Q37A function is selected at random from all fhe functions of the set A = {1, 2, 3, ⋯, n} in to itself. The probability that the function selected is…
Q38A fair die has given the number 6 on five consecutive throws. What is the probability that the next throw will also give the number 6?
Q39The number 0·999999 ⋯ is
Q40Let S = 1 + 1/2 + 1/3 + 1/4 + ⋯ Then
Q41Which of the following is a function?
Q42Let Gᵢ denote the Gini coefficient for the income distribution i. Which of the following is true?
Q43Let σᵢ denote the standard deviation for the income distribution i. Which of the following is true?
Q44Let μᵢ denote the median for the income distribution i. Which of the following is true?
Q45Consider the five income distributions D₁, D₂, D₃, D₄, D₅. Which of the following is true?
Q46In case the painter works on Thursday, which among the following alternatives is possible?
Q47In case the painter works on Friday, which among the following statements must be untrue?
Q48Which arrangement among the following is possible?
Q49There are two egg delivery boys you can order eggs from. The probability of the first boy falling and breaking all the eggs is 1/2 and the…
Q50If you integrate the function f(x) = 1/x from 1 to 3, you get
Q51If x < y + ε, for all ε > 0, then
Q52The rate of interest is
Q53The fiscal deficit is
Q54If in a given year a country's GDP at constant prices is 1000 currency units and the value of its implicit GDP deflator for that year is 110, the…
Q55Suppose the difference between the transactions velocity and the income velocity of circulation of money in an economy is 5 and the money value of…
Q56Suppose an asset provides returns of Rs 315 after one year, Rs 661· 50 after two years and Rs 1389· 15 after three years and nothing thereafter. If…
Q57Suppose a plant can be used to produce in a day x units of product 1 and y units of product 2 where y = (32 - 5x)/(10 - x), where 32/5 ≥ x ≥ 0. If…
Q58What is the value of the investment multiplier in the economy?
Q59What is the equilibrium value of Y in the economy?
Q60The next four questions 58–61 are based on the following: Suppose, in equilibrium, aggregate income (in units of money per year) in an economy Y = C…
Q61If instead of 750 units of money the government makes annual transfer payments equal to 10% of Y, then the equilibrium value of Y will
Q62Which of the following is a possible sequence of combinations for the student in the two successive weeks?
Q63If the student studies Philosophy, Biology and Economics in the first week, which of the following combinations must be studied in the third week?
Q64If the student studies Philosophy, Literature and Mathematics in the first week, which of the following combinations must be studied in the eleventh…
Q65If x, y and z are consecutive negative integers, and if x > y > z, which of the following must be a positive odd integer?
Q66Suppose one wishes to prove that "if all X are Y, then all Z are W ". To do this, it would suffice to show that
Q67Let X and Y be statements. If we want to disprove the claim that " X implies Y ", we need to show that
Q68Let X, Y and Z be statements. Suppose we know that X implies Y, and that Z implies X. We also know that Y is false. We can infer that
Q69Let X and Y be statements. Which of the following strategies is not a valid way to show that " X implies Y "?
Q70Let P(n, m) be a property about two integers n and m. If we want to prove that "for every integer n, there exists an integer m such that P(n, m) is…
Q71Let X and Y be statements. If we know that X implies Y, then we can also conclude that
Q72Let X, Y and Z be statements. Suppose we know that X implies Y, and that Y implies Z. If we also know that X is false, we can infer that
Q73The United States is a major exporter of
Q74The terms of trade are
Q75Autarky means that
Q76Linear accelerator has the following characteristic
Q77If the saving propensity is 14% and the incremental capital output ratio is 4, and the population rate of growth is 3%, there is constant returns to…
Q78There are four bus routes between A and B and three bus routes between B and C. A man can travel round trip in number of ways by bus from A to C via…
Q79The Economics Nobel Prize for the year 2009 was awarded to
Q80Consider the set A = {x | 0 < x < 1}. What is the minimum number that belongs to set A?
Q81In the list of five countries given below, choose the one which has a positive trade surplus
Q82Which one of the statements given below is correct for the year 2000–01?
Q83If utensils worth Rs 100 are produced with steel worth Rs 50, wages paid are Rs 10, depreciation of machinery is 0 and other material purchased is…
Q84If an economy produces GDP of Rs 30 billion per year with a capital stock of Rs 135 billion, then capital output ratio is a
Q85An economy has a proportionate income tax at the rate t, marginal propensity to consume of α and marginal propensity to import of m, with values α =…
Q86The 'Sub-prime Lending' crisis was originated in
Q87In the following statements, 'investment' is meant to be investment from a macroeconomic point of view. The following transactions (i), (ii) and…
Q88The sum of the first n odd integers is
Q89Which of the following will be an inverse function of f(x) = x²?
Q90The share of the primary sector in the Indian Labour Force in 2000 was approximately around
Q91The country with the largest external debt in the world today is
Q92The beginning of modern industry in India occurred in
Q93Market capitalization in the Bombay Stock Exchange (BSE) rose by 100 percent in a single year. This means that
Q94Two events are said to be independent if
Q95Which of the following is not a tool of monetary policy?
Q96Read the following passage and answer the questions 96–100: “In the beginning, money was a commodity like any other, save that its physical…
Q97The presence of banks means that
Q98Central banks exist because
Q99Minimum levels of reserves against deposits
Q100The supply of money in an economy can be increased or decreased at will