JNU SSS 2015 question paper

All 70 questions from the JNU SSS 2015 JNU MA Economics entrance paper. Open any question for the worked solution.

1. Q1If a country’s nominal GDP is constant, then which of the following statements about it would be correct?
2. Q2The GDPs (at factor cost) and population sizes of two countries A and B were identical in a particular year. Which of the following statements is…
3. Q3If in an economy all production is undertaken by firms and the recorded sales of all firms in a year are less than their respective recorded costs…
4. Q4The two largest net exporters of capital in the world in recent years have been
5. Q5If X₁, X₂, ..., Xₙ are non-negative real numbers, then their
6. Q6Let f(x) = (log (x)) / x, where 0 < x < 1. Then for all x such that 0 < x < 1
7. Q7The binomial theorem states that
8. Q8The gross fiscal deficit is
9. Q9The primary deficit refers to
10. Q10If the fiscal deficit of an economy be 3% of GDP and if the current account deficit also be 3% of GDP in a particular year for that economy, then…
11. Q11If some individual gets ₹ 3,000 as her wage on the first day of every month and if she spends exactly ₹ 100 everyday and exhausts all her money by…
12. Q12The theory of comparative advantage in a two-country, two-commodity world can only work if
13. Q13Current account transactions of a country include
14. Q14In the long run, the steady state rate of growth of a capitalist economy
15. Q15Accelerator and multiplier stand for
16. Q16In practice most free trade agreements between two countries are designed to
17. Q17Under the Bretton Woods system
18. Q18If the exchange rate of some economy depreciates vis-à-vis US $ and if the Marshall-Lerner condition is satisfied, then the current account deficit…
19. Q19The scatter plot of X and Y
20. Q20A distribution of 6 scores has a median of 21. If the highest score increases 3 points, the median will become
21. Q21Suppose that the exchange rate of the Indian rupee appreciates by 10 percent relative to the currencies of India’s trading partners. Over the same…
22. Q22Consider the following statement: “For most of the period when it was under British Crown rule, India had an export surplus and yet its foreign…
23. Q23Which of the following statements is the only correct one?
24. Q24The aggregate population of the G7 countries is
25. Q25Life Insurance was nationalized in India in
26. Q26If x is any real number, then
27. Q27Which of the following statements is (in general) true?
28. Q28If population A has a larger standard deviation than population B
29. Q29If you are told a population has a mean of 25 and a variance of 0, what must you conclude?
30. Q30One card is drawn from a standard 52-card deck. In describing the occurrence of two possible events, an Ace and a King, these two events are said to…
31. Q31There is greater certainty in manufacturing activities than in agriculture because
32. Q32Manufacturing offers the possibility of more likely profit than agriculture because
33. Q33Serra believed that
34. Q34The significance of advances in navigation for Serra is that
35. Q35Answer Question Nos. 31–35 in the light of the passage given below: “A multiplicity of manufacturing activities will make a kingdom or city abound…
36. Q36Which of the following is a possible sequence of combinations for the salesman to visit in two successive years?
37. Q37If the salesman visits Pune, Bengaluru and Chandigarh in the first year, which of the following combinations must be visited in the third year?
38. Q38If the salesman visits Pune, Lucknow and Bhopal in the first year, which of the following combinations must be visited in the eleventh year?
39. Q39The value of xₐ has to be
40. Q40The value of x_b has to be
41. Q41An economy’s output in year 0 is 10 percent below its maximum potential output and the maximum potential output steadily increases at the rate of 5…
42. Q42In the fixed price IS-LM model, which of the following is true if we compare the effects of an increase in government expenditure (X) with that of a…
43. Q43Consider a Cournot duopoly in a homogeneous product market where firm 1’s output is x and firm 2’s output is y. The inverse demand function is given…
44. Q44Let f(x) be a differentiable function defined over the interval [0, 2]. It is given that f(0) = 1 and f(x) ≤ 0 → f′(x) > 0. Then
45. Q45A 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…
46. Q46If you maximize f(x) = 2/x³, subject to 0 < x < 1, then the maximum value of f(x) is obtained at
47. Q47In the Simple Keynesian model, if an increase in the level of investment is accompanied by a reduction in the propensity to save, the combined…
48. Q48In the AD-AS model, the level of aggregate demand can influence the level of output
49. Q49If you integrate e^x + xe^x over the interval [0, 1], you get
50. Q50Which of the following functions has a degree of homogeneity not equal to unity?
51. Q51Suppose a consumer’s preferences over commodities 1 and 2 can be represented by the utility function U(x1, x2) = min {x1, x2} + max {x1, x2}, where…
52. Q52Consider the following optimization problems: 1. Maximize f(x, y) subject to x - 2y = 1 and 3x + 2y = 11 2. Minimize f(x, y) subject to x - 2y = 1…
53. Q53If units of good 1 are measured on the horizontal axis and its price is p per unit whereas units of good 2 are measured on the vertical axis and its…
54. Q54There are three commodities—the first commodity has a negative price, -1 per unit; the second commodity is priced at +1 per unit while the third is…
55. Q55Among twenty-five articles, nine are defective, six having only minor defects and three having major defects. Determine the probability that an…
56. Q56The arithmetic mean of passengers on a metro car is 60. If the number of passengers on a car has a normal distribution with a standard deviation of…
57. Q57Satish is very conscious about the food he eats. He only eats rotis and dal; a cup of dal costs ₹ 2 while each roti costs ₹ 1 and Satish decides to…
58. Q58Let X, Y, Z be statements. Suppose we know that ‘if X then Y ’ is true, and that ‘if Y then Z ’ is true. We also know that Y is false. We can infer…
59. Q59Let X and Y be statements. If we want to disprove the claim that ‘ X implies Y ’, we need to show that
60. Q60Let X, Y, 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
61. Q61Let X and Y be statements. Which of the following strategies is not a valid way to show that ‘ X implies Y ’?
62. Q62Let X and Y be statements. If we know that ‘ X implies Y ’, then we can also conclude that
63. Q63Let X, Y, 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
64. Q64Let x, y and z be arbitrary real numbers. Then we must have
65. Q65The mean of the following sample | X | Frequency of X | 2 | 1 | 3 | 2 | 4 | 3 | is
66. Q66The value of yₐ has to be
67. Q67The value of y_b has to be
68. Q68The value of y_c has to be
69. Q69The value of y_d has to be
70. Q70The value of yₑ has to be