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Questions › UoH › UoH 2013

UoH 2013 question paper

All 100 questions from the UoH 2013 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

  1. Q1Rosy likes Banana but is neutral about Papaya, so the indifference curves in this case are:
  2. Q2A firm is using two inputs, labour and capital. What will happen if the price of labour falls?
  3. Q3A payment that is made and cannot be recovered is known as:
  4. Q4Student discounts are the best example of:
  5. Q5A Pigouvian Tax:
  6. Q6Which of the following is the best example of a free-rider problem?
  7. Q7A price floor refers to the:
  8. Q8An economy can produce either Good X or Good Y. The opportunity cost of producing an extra unit Good X is the:
  9. Q9Which one of the following will cause the demand curve for a good to shift to the right?
  10. Q10If, at all positive quantities, the upward sloping supply curve lies above the downward sloping demand curve, then the
  11. Q11Good X and Good Y are complements. Good Y and Good Z are substitutes. Therefore,
  12. Q12If the income elasticity of demand for Good X is 1.5, a 4% increase in consumer income will increase the quantity demanded of Good X by
  13. Q13The short-run marginal cost curve will eventually slope upwards because of the law of:
  14. Q14Imperfect competition is the collective name for:
  15. Q15The kinked demand curve theory of oligopoly implies that the oligopolist:
  16. Q16A market in which firms produce differentiated products and enjoy normal profits could be described as:
  17. Q17If the marginal social benefit exceeds the marginal social cost, then:
  18. Q18The potential aim of supply side policy is:
  19. Q19Which of the following is not a feature of monopolistic competition?
  20. Q20A distinguishing characteristic of the long run period is that:
  21. Q21A transfer payment is defined as a:
  22. Q22A merit good:
  23. Q23The author of 'Principles of Political Economy and Taxation' is:
  24. Q24Heckscher-Ohlin theory of trade states that trade between nations emerges because of differences in:
  25. Q25Foodgrains production in India in 2011-12 was about:
  26. Q26Which of the following is called paper-gold?
  27. Q27Current account of balance of payments comprises of:
  28. Q28In gold-exchange standard, foreign exchange reserves comprise of:
  29. Q29Reciprocal demand schedule indicates:
  30. Q30Paul Krugman trade theory emphasizes on:
  31. Q31Leontief Paradox refers to empirical verification of:
  32. Q32Commodity term of trade is defined as the ratio of:
  33. Q33Prohibitive tariff refers to a situation wherein there are:
  34. Q34When a country has a comparative advantage in the production of a good, it means that the country:
  35. Q35Which of the following is not a reason to restrict international trade?
  36. Q36A devaluation would be most effective in curing the BoP deficit when price elasticity of demand for:
  37. Q37'Octroi' is levied and controlled by:
  38. Q38To obtain a measure of net national income from gross national income, it is necessary to:
  39. Q39Equilibrium in the Keynesian model occurs when:
  40. Q40One way of reducing the equilibrium (natural) rate of unemployment would be to:
  41. Q41A rise in unemployment caused by a fall in the demand for products of some industries is known as:
  42. Q42The aggregate supply schedule tells us that an increase in the average price level will encourage firms to:
  43. Q43If the capital-output ratio is 4 and the proportion of national income that is invested is 10%, the country's growth rate is:
  44. Q44The opportunity cost of holding money is the:
  45. Q45In the quantity theory of money, which of the following is assumed?
  46. Q46When national income is at less than full employment national income, by how much must aggregate demand be increased to achieve full employment?
  47. Q47The Pillips curve shows:
  48. Q48The acceleration principle implies that:
  49. Q49Which of the following is not a 'crowding out' effect resulting from a fiscal expansion?
  50. Q50The purchase of short term bills from the general public by the central bank will:
  51. Q51In which year for the first time population census was conducted in India?
  52. Q52Who determines the minimum support price for agricultural products in India?
  53. Q53The Chairman of the 14th Finance Commission is:
  54. Q54RBI is formed on the recommendation of:
  55. Q55Who holds 15% of share capital of Regional Rural Banks in India?
  56. Q56Banks borrow funds from the RBI and pay:
  57. Q57'Yellow revolution' in India relates to:
  58. Q58The book “The Price of Inequality” is authored by:
  59. Q59The wages of a worker were increased by 20% and then reduced by 15%. What was the net change in his wage?
  60. Q60Which of the following is known as plastic money?
  61. Q61Banks in India are required to maintain a portion of their demand and time liabilities with the RBI. This portion is called:
  62. Q62Which of the following does not come under the 'core' sector?
  63. Q63Which of the following is implemented in all the districts of India for providing employment?
  64. Q64Which paper currency note in India has the greatest circulation?
  65. Q65A bill of exchange drawn in a local language as per the custom of the place is called:
  66. Q66Disinvestment means:
  67. Q67Which of the following countries is not a member of the European Union?
  68. Q68The aim of the Twelfth Five Year Plan (2012-17) is:
  69. Q69The 'Aam Admi Bhima Yojana' (2008) is administerd by:
  70. Q70Which of the following is not a direct tax?
  71. Q71If interest payment is deducted from the fiscal deficit, then the balance is called:
  72. Q72Which of the following is the largest significant factor of revenue expenditure of Central Government?
  73. Q73In its latest move, CSO has shifted the base year for national income estimates:
  74. Q74Government has issued an ordinance announcing ULIPs as 'Insurance Product'. The regulations of ULIPs will now be done by:
  75. Q75Goods and Services Tax (GST) levied at the States' level aims at:
  76. Q76According to the Budget estimates for the year 2012-13, which of the following sectors receives the the maximum subsidy from the central government?
  77. Q77The 'Rachet Effect' is the situation where households find it:
  78. Q78In the standard IS-LM model which of the following is true, if the government raises tax rate and the central bank decides to hold money supply…
  79. Q79A sum of money will become Rs 4600 in 5 years and Rs 4960 in 8 years at a certain rate of simple interest. The rate of interest is:
  80. Q80Given observations x, y, z and positive real numbers which are not identical, then the following is true for the corresponding GM (geometric mean)…
  81. Q81A pair of dice is thrown. Assuming that all the sides of the dice have equal chance of showing up, what is the probability that the sum of numbers…
  82. Q82Draw a card randomly (with replacement) n times from a deck of cards well shuffled before each draw. Let X = number of times an Ace is drawn. Then X…
  83. Q83Number of students who opted for econometrics course or game theory course is equal to 45. It is found that 25 students have taken both the courses…
  84. Q844 first year and 3 second year students are to be seated in a row for their respective examinations in a manner that no two students from the same…
  85. Q85Let x, y, z be such that z = 2x + 5 and correlation between x and y is 0.36. Further, the mean of x is 25 and the standard deviation of x is 15.…
  86. Q86There are two batteries in a UPS and both must be working for the battery to function. Probability that a battery will fail on a given day is 0.1…
  87. Q87Which of the following distributions is appropriate for modelling the frequency of rare events in a large number of trials?
  88. Q88If a matrix P has m rows and n columns, then the rank of the matrix is generally defined as:
  89. Q89Given the function f(x) = x³ - 22x² + 55x + 9, the value of the first derivative of the function at x = 0 is equal to:
  90. Q90At what level of output q, the average cost (AC) will be minimum when the AC function is given by AC = q² - 5q + 8? (Hint: Apply mathematical method…
  91. Q91Given the function f(x₁, x₂) = x₁³ - 6x₁x₂ - x₂², the second order own partial derivative (f₂₂) is equal to:
  92. Q92Given the function y = 9x⁸, integration of y with respect to x is:
  93. Q93If 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…
  94. Q94The inverse demand function is given as P = 35 - 2x - x² where x is the amount of commodity demanded. Calculate consumer's surplus amount at x = 3…
  95. Q95Total revenue (TR) and total cost (TC) functions of a simple monopolist are assumed to be TR = 100q - 3q² and TC = 4q² + 10q respectively. At what…
  96. Q96If the total utility function U(x₁, x₂) = x₁ x₂ is maximized subject to the budget constraint x₁ + x₂ = 6, the total utility will be maximum when x₁…
  97. Q97Which one is the correct solution for x in the quadratic equation 2x² + 8x = 10?
  98. Q98If the inverse of a matrix N is M, then,
  99. Q99Interchanging of rows and columns of a given determinant Q
  100. Q100If M is a matrix such that M = PQ'R + RP' where P, Q and R are conformable matrices, then the transpose of M is equal to