JNU SSS 2018 question paper

All 53 questions from the JNU SSS 2018 JNU MA Economics entrance paper. Open any question for the worked solution.

1. Q1Okun's Law states that the percentage change in real GDP is proportional to
2. Q2In July 2017, Aamir bought a one-year-old house in Mumbai for ₹ 50 crores. Which of the following statements is true?
3. Q3A real estate company begins construction of a commercial building in July 2015 for sale but, at the end of the financial year (FY) 2015-16 is only…
4. Q4What is the maximum value which can be attained by the ratio of the employment rate to the unemployment rate in an economy?
5. Q5A Cobb-Douglas production function with inputs capital and labor is homogeneous of degree 1 and has output elasticity of capital equal to 0·4. If…
6. Q6Suppose the stock of money in the economy is growing faster than aggregate nominal income in an economy. Which of the following statements is…
7. Q7The Solow growth model implies that, if the labor force of a country is a constant fraction of its population, ceteris paribus
8. Q8What is the main instrument of monetary policy used by the Reserve Bank of India?
9. Q9Consider the IS-LM model. Suppose the LM curve is positively sloped. Planned investment expenditure is exogenously given. Saving is simply an…
10. Q10The theoretical result that once-for-all changes in the supply of money in an economy affect nominal variables but, do not have any effect on real…
11. Q11Three random variables y, w and u are linked by the following relationship: y = 2w + 4u It is known that var (w), the variance of w, is 5. It is…
12. Q12Random variable X is uniformly distributed on the interval (-4, 4). Let Y = X². What is the probability that random variable Y has a realization…
13. Q13In a class, there are 5 boys and 5 girls. 4 students are selected at random. The probability that 2 boys and 2 girls are selected is
14. Q14A and B are events. P(A), the probability of event A, is strictly greater than 0. P(B), the probability of event B, is strictly greater than 0.…
15. Q15A and B are events. A^C is the complement of A. B^C is the complement of B. P(A), the probability of event A, is 0·60. P(B), the probability of…
16. Q16The domain of f(x) = 2 × log |x - 2| is given by the interval
17. Q17Suppose x and y are positive integers with x > y. Now suppose 3x + 2y and 2x + 3y when divided by 5, leave remainders 3 and 2 respectively. It…
18. Q18For n > 1, consider the following two numbers: (i) [(n+7)/3 + (n-3)/4] (ii) [(7n+19)/7] State which one of the following statements is true.
19. Q19V can take any value (positive, negative or zero). U is a function of V. Which of the following functions is/are monotonic transformation(s) of V?…
20. Q20A student studying the weather for x days observed that (i) it rained on 7 days, morning or afternoon; (ii) when it rained in the afternoon, it was…
21. Q21Probability (X > 1) is equal to
22. Q22Probability (1 < X < 2) is equal to
23. Q23The mean of X is equal to
24. Q24Let y = f(x), where x ∈ [a, b] and b > a, be a continuously differentiable function. Suppose f(x) attains maximum at x = x*. Then it is always true…
25. Q25Four statements are given below regarding elements and subsets of the following set: S = {1, 2, {1, 2, 3}} Only one of these statements is correct.…
26. Q26Let x₁, x₂, ⋯, x₁₀₀ be positive integers such that xᵢ + xᵢ₊₁ = k for all i and k is a constant. If x₁₀ = 1, then the value of x₁ is
27. Q27A salesman sold two pipes at ₹ 12 each. His profit on one was 20% and the loss on the other was 20%. Then on the whole, he
28. Q28If the short-run average cost curve for a firm is a decreasing function of its output over a certain range, then in that range we must have
29. Q29Let S = 1 + 1/2 + 1/3 + 1/4 + ⋯. Then S is equal to
30. Q30What is the probability of a 4 turning up at least once in two tosses of a fair die?
31. Q31A cake has to be distributed between two persons A and B. Among the following, which one is not an efficient distribution of the cake (under the…
32. Q32In an election, 10% of the voters on the voters' list did not cast their votes and 60 voters cast their ballot papers blank. There were only two…
33. Q33A, B and C are three commodities. A packet containing 5 pieces of A, 3 of B and 7 of C costs ₹ 42. A packet containing 2, 1 and 3 of A, B and C…
34. Q34A worker suffers a 20% cut in wages. He regains his original pay by obtaining a raise of
35. Q35S is the set whose elements are zero and all even integers, positive and negative. Consider the five operations (i) addition; (ii) subtraction…
36. Q36Then the annual growth rate of the economy's aggregate GDP over the sixty years will be
37. Q37Answer Question Nos. 36, 37 and 38 on the basis of the following: In an economy, the agriculture, industrial and services sectors have initial…
38. Q38Starting from the base year, when will the services sector's share in GDP exceed that of agriculture?
39. Q39In an economy tending to produce below its maximum potential output in a year, the government steps up its expenditure by 10 percent but leaves all…
40. Q40In an economy with no indirect taxes or subsidies, the gross value added by all production units in a year is ₹ 10,000 crores. ₹ 1,000 crores of…
41. Q41Suppose in an economy pₜ = p^eₜ + 0·01 - 0·2uₜ and p^eₜ = 0·75pₜ₋₁, where pₜ is the rate of inflation in period t, p^eₜ is the expected rate of…
42. Q42Consider an economy in which C = 225 - 10r + 0·85(Y - T), I = 1610 - 30r, G = 1650, X = 1400, M = 700 + 0·08Y and T = 100 + 0·2Y, where Y: aggregate…
43. Q43Suppose we have a Cobb-Douglas production function given by f(x, y) = x^(0·5)y^(0·5). Evaluate the technical rate of substitution for this…
44. Q44In a two-good world, a consumer's utility function is given by U(x, y) = x + y. Now suppose the price of good x is ₹ 2 and price of good y is also ₹…
45. Q45Let the probability density function of the random variable X be as follows: (i) f(x) = c(4x - 2x²), if 0 < x < 2 and (ii) f(x) = 0 otherwise. What…
46. Q46Consider a gambling game where you have to throw two fair dice simultaneously. You would gain ₹ 2 for any even number that shows up, and lose ₹ 1…
47. Q47Let D = a² + b² + c², where a and b are successive positive integers and c = ab. Prove that √D is an odd positive integer.
48. Q48Consider the following optimization problem: Maximize f(x, y) = x² - y² subject to g(x, y) = 1 - x - y = 0 Find solution to this problem (if any).
49. Q49Compute the value of ∫₁² (log x) dx, where log x is the natural logarithm of x. It is known that log 2 ≃ 0·693.
50. Q50Answer any one of the following in not more than 500 words: Does Ricardo's theory of comparative advantage provide an adequate basis for trade…
51. Q50Answer any one of the following in not more than 500 words: How did Raul Prebisch and Hans Singer explain the iniquitous relationship that…
52. Q50Answer any one of the following in not more than 500 words: What policy options are left for a closed economy stuck in a liquidity trap? Explain.
53. Q50Answer any one of the following in not more than 500 words: What shape does the LM curve take when the central bank fixes the interest rate instead…