UoH 2010 question paper

All 100 questions from the UoH 2010 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

Q1Suppose the government wants to increase aggregate demand without increasing interest rates. You would recommend
Q2Macroeconomic policy Trilemma refers to:
Q3Walras' law states the following -
Q4Suppose a monopolist faces two market demand functions D(P₁) = 80 - 5Q₁ and D(P₂) = 170 - 20Q₂, and has a marginal cost of Rs 10. If the monopolist…
Q5According to Keynesian macreconomics, employment is determined via:
Q6In 1967, Milton Friedman stated that there is no trade-off between inflation and unemployment in the long run. Which of the following refutes that…
Q7Public goods have the following characteristics:
Q8Which statement below reflects the essence of Arrow's impossibility theorem?
Q9Rational Expectations means:
Q10The effect that holds that nominal interest rates should move to the natural rate of interest plus the expected rate of inflation is called the:
Q11In the liquidity trap case where the LM schedule is nearly horizontal,
Q12Given the function Y = 25 + 0.65 X, which is true?
Q13Poverty gap
Q14Labour Theory of Value states that
Q15A firm is employing 100 units of labor and 50 units of capital to produce 200 widgets. Labor costs Rs.10 per unit and capital Rs.5 per unit. For the…
Q16The Nobel Prize Winner for the work on 'Governing the Commons' is:
Q17The kinked demand curve faced by an oligopolist is based on the assumption that
Q18A typical Cournot solution is defined as
Q19The Keynesian aggregate demand curve slopes downward because for any given money supply, an increase in the price level _ real money holdings which…
Q20Suppose a competitive firm produces 100 units of X for a price of Rs.10 a unit. The firm is employing labor and capital such that the marginal…
Q21If U = a(XY) ^(1/2), money income is 656 per week, P ₓ = 8, calculate the demand function for Y
Q22In the stackelberg leader - follower model the equilibrium is defined at the
Q23If the total revenue from sales of X is given by the equation R = 100Q - 2Q ². what is the point elasticity of demand when MR = 20.
Q24Recent global recession is supposed to have been caused by:
Q25In the Keynesian model with a fixed money wage but a flexible price level, an increase in taxes will lower
Q26Suppose a vaccine for the common cold is discovered. Although the government begins producing the vaccine in as large a volume as possible, there is…
Q27Inflation is bad for
Q28The main causes for the rising Indian inequality after economic reforms are:
Q29Indian growth 2002 onwards until the global economic crisis can be termed as:
Q30India's average annual economic growth between 2004 and 2009 is:
Q31The following is true of the Classical School in Macroeconomics:
Q32If a monopolist had no costs, the best possible price would be where demand is
Q33The imposition by government of a minimum wage (above the existing wage level) will
Q34"I would rather spend all my time in the country or all in the town, rather than divide myself between the two". Does the above remark represent…
Q35In a linear programming problem, which is not true?
Q36Which one of the following statements is false?
Q37In comparing an excise subsidy and a cash grant of the same amount, the recipient will
Q38The cause for the increased agrarian distress since 1990s in India is:
Q39Conditions for successful price discrimination are
Q40If the foreign exchange rate between the Japanese yen and the US dollar went from 100 yen=1. to 200 yen = 1.
Q41Stabilisation loans to countries are given by:
Q42The condition when the individual demand function can be aggregated to generate the aggregate demand function
Q43Hecksher-Ohlin theorem states that a Capital rich country
Q44The following are known as Bretton Woods institutions
Q45According to Laffer Curve hypothesis, revenues of the state will eventually increase if
Q46Net National Income at factor price is:
Q47If a consumer's marginal rate of substitution equals 2 eggs for 1sandwich,
Q48Dumping in international trade refers to
Q49The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,600 is:
Q50According to Lewis model of development with unlimited supply of labour surplus, expansion of the modern sector is determined by:
Q51According to Adam Smith, growth of national income of an economy is limited by
Q52What is the basic difference between a set and a matrix?
Q53In the IS-LM model, the implicit assumption made about aggregate supply was that the
Q54In the Keynesian model with a fixed price level and a fixed money wage, an increase in the money supply will cause
Q55If interest rates, prices, and output are all rising, then according to the Keynesian model, these changes must be caused by
Q56Population rate is not a constraint to economic growth
Q57Human Development indicates:
Q58According to Engel's law, as family income rises
Q59Given a utility function U = X₁X₂, own price elasticity is
Q60What does not fall under instruments of fiscal policy:
Q61Paul Krugman won the Nobel Prize in Economics mainly because of his:
Q62The Paradox of thrift states:
Q63If p¹_z and q¹_b are price and quantity in year 1 and p^o_z and q^o_b are price and quantity in year O (Base Year), which of the following is true?
Q64An example of Central Bank Sterilisation is:
Q65The probability of obtaining three "Heads" on tossing a fair coin three times is:
Q66British colonial economy prospered due to:
Q67The three givens in neoclassical economic theory are:
Q68The expansion path identifies
Q69The supply curve for a monopolist
Q70The Coase Theorem states that:
Q71The IS curve shifts when all of the following variables change except
Q72Within the IS-LM curve model, an increase in government spending financed by printing money will always
Q73An increase in the money stock has no effect on equilibrium income whenever the
Q74According to Classical Theory of trade, trade occurs between two countries due to
Q75In spending all his or her income, the consumer chooses the market basket that maximizes his or her utility. Which of the following statements will…
Q76Recent inflation in India is said to be primarily due to:
Q77Factor price equalization theorem was associated with the name of
Q78If a profit-maximizing firm's marginal product of labor equals 1 ton of output, while the marginal product of capital equals 7 tons of output and…
Q79Where there is perfect equality in an economy, the Gini Coefficient is equal to:
Q80India uses the following measure for inflation:
Q81The phenomenon of the backward-bending market supply curve for labor
Q82The marginal rate of technical substitution is
Q83How many subsets can be formed from the set N = {7, 3, 8, 2, 9, 6}?
Q84For a profit maximizing firm, the greatest difference between the total revenue and total cost indicates the
Q85Which, of the following demand functions, has unitary elasticity everywhere?
Q86Which of the following variable will come under Stock variable?
Q87If GNP deflator is raised by 40%then which of the following statement is correct?
Q88In the case of Giffen good
Q89Keynes psychological law of consumption states that as income increases consumption also increases
Q90The ratio of the change in equilibrium output to the change in autonomous spending:
Q91When ex-ante saving is greater than ex-ante investment
Q92stagflation is a period of
Q93Transfer payments are
Q94All entries in the balance of payments statement should collectively sum to
Q95The investment income from abroad appears under--------------- head of BOP statement.
Q96In the Keynesian model with a variable money wage and variable price level, an increase in the money supply would lead to a rise in all of the…
Q97Which of the following is a correct representation of the budget constraint in a world with only food and shelter, where M = income, P_f = price of…
Q98The higher the interest sensitivity of investment, the
Q99Assume the marginal propensity to consume is .8. To offset a fall in income of 1,000, the government should
Q100A simultaneous reduction in both taxes and the money stock will always