JNU SSS 2019 question paper

All 50 questions from the JNU SSS 2019 JNU MA Economics entrance paper. Open any question for the worked solution.

1. Q1The before-trade price of fish in Denmark is $10.00 per pound. The world price of fish is $6.00 per pound. Denmark is a price-taker in the fish…
2. Q2With reference to negative income tax, consider the following statements: I. Negative income tax is the money paid by government to citizens who…
3. Q3Sally has two art projects due tomorrow. She has 5 hours to complete both projects. She plans to spend 3 hours working on the first project and 2…
4. Q4Match the items given in List – B with those in List – A: List – A: I. Innovation, II. Organic composition of capital, III. Sustainable Development…
5. Q5Assume the supply curve for cigars is a typical, upward-sloping straight line, and the demand curve for cigars is a typical, downward-sloping…
6. Q6Rosie's Flower Shop sells floral arrangements for $20 each. If Rosie hires 10 workers, she can sell 600 arrangements per week. If she hires 11…
7. Q7Erin would be willing to pay as much as $100 per week to have her house cleaned. Ernesto's opportunity cost of cleaning Erin's house is $70 per…
8. Q8Diana uses one input, i.e., labor (L) to produce a product according to the following production function: Q = f(L) = 2 L². She pays $15 per unit of…
9. Q9Priority sector lending by banks in India favorably consider lending to which of the following sectors? I. Renewable Energy II. Education III.…
10. Q10Jane was a partner at a law firm earning $223,000 per year. She left the firm to open her own law practice. In the first year of business she…
11. Q11Consider the following statements in relation to Gender Budgeting: I. 'Gender analysis' of the government's budget II. Preparing a separate budget…
12. Q12Consider a profit-maximizing monopoly pricing under the following conditions. The profit-maximizing quantity is 40 units, the profit-maximizing…
13. Q13Diane's Auto World installs tires on automobiles, light trucks, and sport utility vehicles. She is a profit-maximizing business owner whose firm…
14. Q14Jacqui decides to open her own business and earns $50,000 in accounting profit in the first year. When deciding to open her own business, she turned…
15. Q15Suppose that eight workers can manufacture 70 radios per day and that nine workers can manufacture 90 radios per day. If radios can be sold for $10…
16. Q16The doctrine of unbalanced growth was propounded by: I. Hirschman II. Robert Solow III. Singer IV. Ragnar Nurkse Choose the correct option from…
17. Q17Assertion (I): Solow model is a major improvement over Harrod-Domar Model. Reason (II): Solow built a model of long run growth without the…
18. Q18Which of the following is/are examples of capital expenditure by the government? I. Loan repayment II. Interest payment on loan III. Infrastructure…
19. Q19A manager has decided to allocate an operating budget between labor (L) and capital (K) in such a way that the marginal productivity of labor (MPL)…
20. Q20If a monopolist's marginal costs increase by $1 for all levels of output, then the monopoly price will:
21. Q21Laura is a gourmet chef who runs a small catering business in a competitive industry. Laura specializes in making wedding cakes. Laura sells 20…
22. Q22Fred has recently graduated from college with a degree in journalism and economics. He has decided to pursue a career as a freelance journalist…
23. Q23Andre walks Julia's dog once a day for $50 per week. Julia values this service at $60 per week, while the opportunity cost of Andre's time is $30…
24. Q24In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping…
25. Q25In the Keynesian macroeconomic system, speculative demand for money arises because of: I. Uncertainty regarding future interest rates II. Unexpected…
26. Q26Nicole owns a small pottery factory. She can make 1,000 pieces of pottery per year and sell them for €100 each. It costs Nicole €20,000 for the raw…
27. Q27With reference to Green Bonds in India consider the following statements: I. Green bond is a debt instrument issued for renewable as well as…
28. Q28Consider the following statements about optimal tariff: I. The beneficiary country is a large country in the world market for a particular good. II.…
29. Q29Arrange the following acts in the order in which they came into force: I. Competition Act II. Foreign Exchange Management Act III. Consumer…
30. Q30With reference to Quantitative Easing, which among the following statements is/are correct? I. It is a monetary policy in which the central bank…
31. Q31Which of the following would have inflationary effect on the economy? I. RBI releasing new bonds in the market II. RBI decreasing the SLR III. RBI…
32. Q32Suppose a firm in a competitive market produces and sells 150 units of output and earns $1,800 in total revenue from the sales. If the firm…
33. Q33With whom the concept of disembodied technical change is associated with: I. Abramovitz II. Kaldor III. Kendrick IV. Solow
34. Q34Match the Match the items given in List – B with those in List – A List – A: I. A double Kaldor-Hicks Test, II. Compensation Principle, III. Social…
35. Q35Suppose a tax of $5 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 200 units to 100 units.…
36. Q36With reference to money markets consider the following statements: I. Call money refers to borrowing/lending of funds on overnight basis. II. Notice…
37. Q37Consider the following statements regarding components of "double financial repression". I. Statutory liquidity ratio (SLR) and Priority sector…
38. Q38Consider the following statements: I. The income method of GDP calculation considers incomes received by factors of production only. II. The income…
39. Q39The sources of auto correlation among the following are: I. Omitted explanatory variables II. Interpolation in the statistical observation III.…
40. Q40A tax of $0.25 is imposed on each bag of potato chips that is sold. The tax decreases producer surplus by $600 per day, generates tax revenue of…
41. Q41With reference to Small Banks and Payment Banks, consider the following statements: I. While both can accept deposits Payment Banks cannot issue…
42. Q42Which of the following statements is/are correct regarding Monetary Transmission? I. It refers to the process by which a central bank's monetary…
43. Q43With reference to Revenue Deficit consider the following statements: I. It includes only those transactions that affect current income and…
44. Q44Improvement in the BOP deficit may be effected through: I. Import control II. Export promotion III. Foreign exchange control IV. Devaluation Choose…
45. Q45Assume for Namibia that the opportunity cost of each hut is 200 bowls. Which of these pairs of points could be on Namibia's production possibilities…
46. Q46Suppose that a worker in Freedonia can produce either 6 units of corn or 2 units of wheat per year, and a worker in Sylvania can produce either 2…
47. Q47Assertion (I): Friedman argues that money demand function is a stable function. Reasons (II): Friedman treats money as one type of asset in which…
48. Q48Which of the following are the functions of Finance Commissions in India? I. To make recommendations on the distribution of tax proceeds between…
49. Q49For good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. A tax…
50. Q50Suppose when a monopolist produces 75 units its average revenue is $10 per unit, its marginal revenue is $5 per unit, its marginal cost is $6 per…