UoH 2012 question paper

All 100 questions from the UoH 2012 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

1. Q1The Hicksian decomposition of a price increase into the income and substitution effects for normal goods is done by
2. Q2Which of the following models shows the emergence of regional inequalities as a consequence of development process?
3. Q3According to Heckscher-Ohlin theorem, in a two-commodity two countries model, free trade can be mutually beneficial if they export commodities…
4. Q4According to crowding-out hypothesis in public finance
5. Q5Given the function f(x) = -7x² + 126x - 23, the value of the second order derivative w.r.t. x when x = 9 is equal to
6. Q6Which of the following statements is true in the context of correlation analysis?
7. Q7The Value added method of estimating GDP excludes:
8. Q8For a Cobb-Douglas Utility function U(X₁, X₂) = X₁ X₂, for given income level and prices of X₁ and X₂ which of the following is true?
9. Q9A balanced budget multiplier in the economy is defined as:
10. Q10Goods and Service Tax, which is going to be introduced in due course of time in India is aimed at:
11. Q11Trade in differentiated products refers to:
12. Q12For all positive data sets containing at least one pair of nonequal values the relationship between the Arithmetic Mean (A.M.), Geometric Mean…
13. Q13The determinant value of the following matrix [0 6 0; 3 5 2; 7 6 9] is
14. Q14In IS-LM framework, IS curve represents a relationship between
15. Q15Given the demand function Q = 20 - 5P, the elasticity of demand at P = 3 is
16. Q16Ricardo's theory of comparative advantage is based on:
17. Q17Human Development Index (HDI) is a measure that combines:
18. Q18Functions of the Finance Commission explicitly include:
19. Q19Which of the following statements is true about the Median as a measure of central tendency?
20. Q20The Engel curve for a Giffen good is
21. Q21An Isoquant is derived assuming that
22. Q22Country A can produce cars using eight workers in a day and a fridge using three workers in a day where as in country B a car requires six workers…
23. Q23Say's Law in Classical Theory holds that:
24. Q24Classical macroeconomic theory combines
25. Q25Foreign Direct Investment in India is not yet allowed in:
26. Q26The proposition that states that if factors of production are rewarded equal to their marginal product, they will exhaust the total product is also…
27. Q27To counter inflationary pressures in the economy, one of the measures that Reserve Bank of India can undertake is to,
28. Q28Backward-bending Labour Supply Curve in neoclassical theory is assumed to be because:
29. Q29The Chief Economic Advisor to Ministry of Finance presently is:
30. Q30Dearness Allowances of Central and State government employees is revised according to
31. Q31Dumping in international trade refers to a situation when
32. Q32IMF gives structural adjustment loans by imposing the conditions such as:
33. Q33Which of the following statement is TRUE in the case of a linear supply curve?
34. Q34It is given that P is a set of all positive integers and Q is a set of all negative integers. Then,
35. Q35One box contains 8 white and 3 red balls. If two balls are drawn at random at a time without replacement, the probability that both are white is:
36. Q36Which of the following is NOT a function?
37. Q37If m: n = 3: 2, then the ratio of (4m + 5n): (4m - 5n) is:
38. Q38The level of output q, at which the average cost (AC) will be minimum, where the AC = q² - 5q + 8 is,
39. Q39Frictional Unemployment is defined as
40. Q40The value of Gini coefficient ranges from
41. Q41The difference between Gross National Product (GNP) and Gross Domestic Product (GDP) is:
42. Q42Suppose that economists estimate that consumers spend 80% of any increase in their disposable income. If the aggregate price level is fixed, and…
43. Q43Which of the following statement is true?
44. Q44How many different samples of size n = 2 can be taken from a finite population of size n = 10?
45. Q45Dynamic factors in trade refer to changes in:
46. Q46With an increase in money supply, the LM curve will
47. Q47The concept of Sunk cost refers to:
48. Q48Income velocity of money is measured as a ratio of:
49. Q49The Keynesian formulation “Savings is a function of Income” is known as
50. Q50Which of the following market structure maximizes welfare?
51. Q51In general, for normal goods, the relationship between Compensating Variation in Income (CV), Equivalent variation in Income, (EV) and a change in…
52. Q52According to latest estimates on poverty by Planning Commission, the Head Count Ratio poverty in India 2009-10 is
53. Q53Let Money be measured on the Y-Axis and commodity X on the x-axis in an indifference map between the two. If the price consumption curve for X…
54. Q54Reverse Repo Rates in India refers to
55. Q55In the theory of the firm, the shut down point is where:
56. Q56If marginal propensity to consume is 0.75, then the income multiplier in the economy is:
57. Q57An individual's Utility function is concave with respect to income. This implies that:
58. Q58Structural adjustment in the medium term in macroeconomics refers to
59. Q59Applying the Marginal cost pricing rule to an Monopoly firm that experiences economies of scale over the relevant output range
60. Q60In a Curnot Oligopoly model with two firms,
61. Q61In an Infant-industry model of development:
62. Q62Assuming a downward sloping linear demand curve and a constant Marginal cost of production, the dead weight loss due to monopoly pricing (as against…
63. Q63According to Marx, surplus value refers to:
64. Q64Given two conformable matrices J and Z, which of the following is true?
65. Q65Technological progress refers to
66. Q66Which of the following is true of the Harmonic Mean as a measure of central tendency?
67. Q67A Random variable is defined as:
68. Q68Structural Inflation refers to:
69. Q69The Global Financial Crisis in 2008 originated with:
70. Q70If MC = 2 - 0.4q + 3q² is the marginal cost (MC) function of a firm where q is the level of output, the total variable cost (TVC) at q = 10 units…
71. Q71India's current income tax rates have the following slabs:
72. Q72The sum total of deviations of the given set of observations from their arithmetic mean is
73. Q73MNREGA program essentially aimed at providing
74. Q74According to The Economy Survey, India's Real GDP at factor cost in the year 2011-12 has registered a growth rate of:
75. Q75Theory of 'creative destruction' under Capitalist development is proposed by:
76. Q76Which policy is based on the 'Washington Consensus'?
77. Q77For Normal goods,
78. Q78Chamberlin's theory of monopolistic competition assumes
79. Q79Minimum Support Prices for agricultural commodities are announced on the basis of:
80. Q80The share of output in GDP of the informal sector in the India estimated by the National Sample Survey is:
81. Q81When the law of diminishing returns begins to operate, the total variable cost curve begins to
82. Q82The probabilities that a woman will buy a new dress for a party at three shops, 1, 2, 3 are 0.22, 0.18, 0.35 respectively. The probability that she…
83. Q83The Aggregate Demand Curve is the Keynesian model is downward sloping because of:
84. Q84Green Revolution technology in Indian Agriculture is observed to have created:
85. Q85Kuznet Curve is a relationship between:
86. Q86There is a growing demand from developing countries that developed countries should reduce the subsidies in agriculture. This is known as an…
87. Q87In order to make banking sector stronger to face financial risk, Basel -I norms suggested:
88. Q88Capital Gains Tax is an example of
89. Q89Kyoto Protocol 1997 is an international agreement for achieving:
90. Q90FRBM 2005 fixed the fiscal deficit limit as:
91. Q91Raja Chellaiah Committee was set in 1991 on:
92. Q92Female literacy rate in India according Census 2011 is
93. Q93Farmers' suicides in Indian agriculture have occurred in the post-reforms period in Indian economy partly due to
94. Q94The demand function for a certain text is given by P = 20 - 0.0002Q. What amount of output would the author like to be sold if he wants to sell as…
95. Q95A natural monopoly is a market situation in which
96. Q96Indifference curves in demand analysis are convex to origin, which implies that
97. Q97The optimum level of output for a perfectly competitive firm is given by the point where
98. Q98When both the perfectly competitive firm and industry are in long run equilibrium Where P = price of output, MR = Marginal Revenue, SAC Short Run…
99. Q99The targeted Public Distribution System was introduced in:
100. Q100Special Economic Zones in India are criticized on account of