UoH 2014 question paper

All 100 questions from the UoH 2014 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

Q1Block pricing by electricity companies is an example of
Q2If the prices of both goods increase by the same percent, the budget line will
Q3The cost of a factory with specialized equipment that is of no use in another industry, is an example of
Q4In comparison to the quasi-competitive solution which of the following statement is true?
Q5If the prices of ice-cream and chocolate are Rs. 40 and Rs. 30 respectively, and the marginal utility of chocolate is 150, what is the marginal…
Q6If all households in a nation receive the same income, the nation's Lorenz curve would:
Q7For a natural monopoly, economies of scale
Q8What is the shape of the isoquants when inputs are perfect substitutes?
Q9Why do people over age 65 have difficulty buying medical insurance at almost any price?
Q10Cigarette smoking is an example of
Q11The equation s/v in the Marxist Political-Economy is the same as:
Q12The transition from feudalism to capitalism is dated between what period of time in History?
Q13The Organic composition of capital is given by:
Q14According to Marx, between the 14^(th) and the 17^(th) Century what had been the influence of the rules pertaining to the length of the working day…
Q15The value of a commodity according to Marx is:
Q16Raw material in the Marxist political Economy is characterized as:
Q17The capitalist form of circulation of commodities in the Marxian analysis is represented by
Q18In the Marxist analysis of Surplus value, the surplus value which the working day of one labourer supplies multiplied by the number of labourers…
Q19An increase in the price of a commodity when demand is inelastic causes the total expenditures of consumers of the commodity to
Q20Slutsky keeps real income constant when the price of a commodity falls by
Q21Which of the following is not an assumption of the theory of revealed preference?
Q22The cost that a firm incurs in purchasing or hiring any factor of production is referred to as
Q23When α = 3/4 and β = 1/4 for the Cobb-Douglas production function, returns to scale are
Q24The best or optimum, level of output for a perfectly competitive firm is given by the point where
Q25When the perfectly competitive firm and industry are both in long run equilibrium
Q26Find the price elasticity of demand for the curvilinear demand function of the form Q = a P^(-b)
Q27Inflation measures change in
Q28Deflation is
Q29Laspeyre's index is
Q30Rate of unemployment is calculated as
Q31The name of Francois Quesnay is associated with
Q32Division of Labour in Adam Smith's analysis implies
Q33Which of the following names is associated with theory of Entrepreneurship
Q34The economist who defined economics as a science studying human behavior as a relation between 'ends and scarce means' was:
Q35Twelfth Five Year Plan in India pertains to the period:
Q36In conventional economic approach, the demand for labour is characterized as:
Q37The method of estimation of national income adopted by the CSO in India is a combination of:
Q38Contributions of six industrial sectors, viz., Agriculture, Forestry & logging, Fishing, Mining & Quarrying, Manufacturing, and Construction to the…
Q39The concept that is used to represent the total income of own account workers as well as the profit generated in unincorporated enterprises in the…
Q40What were the methods used to assess economic activity prior to the development of national income concept?
Q41The statement 'Census is carried out on all Self-employed, Family enterprises, Small and tiny enterprises and Non-wage, non-salaried services' for…
Q42As part of the estimations of savings data in India, the household savings are divided into which of the following categories:
Q43Which of the following categories are part of the NAS classification of the organizational patterns in India?
Q44Which of the following organizations supplies data on State Domestic Product in India?
Q45If the rise in the implicit price deflator for the primary sector was higher than for the NDP as a whole, while the rise in those of the secondary…
Q46The Current weighted price index is otherwise also known as:
Q47Compounded Annual Growth Rates (CAGR) is calculated on the basis of:
Q48The Social Accounting Matrix analytically can be traced back to:
Q49In a Social Accounting Matrix every entry when read in rows context and columns context respectively represents:
Q50In order to avoid economically meaningless results, the viability conditions developed by which set of scholars must be satisfied by the…
Q51In the evaluation of the value of Capital Stock by the CSO in India, which of the following category is not included
Q52Supposing that the prevailing inflation is 20 percent per annum and private rate of interest in nominal terms is 30 percent per annum. Then private…
Q53Let set S = {x | x is a letter in word “ARTHASHASTRA” }. What is the cardinality of the power set of S?
Q54Let A be a square matrix of order n and let B = k.A where k is a real number. Considering that | X | denotes determinant of a square matrix X, which…
Q55Let f(x) = ln (13x). Derivative of f(x) with respect to x is equal to:
Q56Consider system of equations: 4x + 3y = -4; and 2x - y = 3. Then,
Q57Let X and Z be random variables such that X = 5Z - 20. Given that mean of X is μ_X = 80 and its standard deviation is σ_X = 55, then,
Q58Let A and B be independent events and let P(B) ≥ P(B), where P(X) is probability that event X occurs. Let P(AB) be probability of joint occurrence…
Q59The quadratic equation, 2x² - 3x + 4 = 0,
Q60If one were to divide the standard deviation of a population of the mean of the sample population and multiply this value by 100, one would have…
Q61A bag contains 2 red, 3 green, and 2 blue balls. Two balls are drawn at random. What is the probability that none of the balls drawn are blue?
Q62The average score for a Biology test is 77 and the standard deviation is 8. Which percent best represents the probability that any one student…
Q63The simple probability of an occurrence of an event is called the
Q64In case of open end classes, an appropriate measure of dispersion to be used is
Q65The cumulative percentages of a frequency table have little or no meaning for data.
Q66Average wages of workers of a factory are Rs. 550.00 per month and the standard deviation of wages is 110. The coefficient of variation is:
Q67Exponential Smoothing is
Q68Consumer Price Index (CPI) falls in the category of
Q69A pair of dice is thrown. Find the probability of obtaining a sum of 8 or getting an even number on both the dice.
Q70Which is not a central government tax
Q71If the elasticity of supply is less than the elasticity of demand, the burden of tax will fall on
Q72Laffer curve shows the relationship between
Q73Which is not a characteristic of PUBLIC GOOD
Q74The basic difference between a sales tax and a VAT
Q75Countries trade with each other because they are _ and because of.
Q76Given the following information: Unit Labor Requirements | Cloth | Wine | Home | 10 | 20 | Foreign | 60 | 30 |
Q77In the 2-factor, 2 good Heckscher-Ohlin model, the two countries differ in
Q78Starting from an autarky (no-trade) situation with Heckscher-Ohlin model, if Country H is relatively labor abundant, then once trade begins
Q79Terms of trade refers to
Q80The most common form of price discrimination in international trade is
Q81The WTO was established by the _ of multilateral trade negotiations.
Q82The infant industry argument was an important theoretical basis for
Q83A country's current account
Q84For open economies,
Q85How many British pounds would it cost to buy a pair of American designer jeans costing $45 if the exchange rate is 1.50 dollars per British pound?
Q86The J-curve illustrates which of the following?
Q87The quantity theory of money implies that if the money stock were to double, the price level would
Q88If the consumption function is given by C = 100 + 0.6(Y-T) and planned investment is 150, government spending is 50, and T is 100, then equilibrium…
Q89Compared to the closed economy Keynesian model, the open economy model in which imports are a function of income has an investment multiplier that is
Q90Keynes believed that the instability in income was caused by variability in
Q91A rise in the money stock will
Q92The rate of unemployment can be calculated by
Q93Capital inflows in the balance of payments accounts include
Q94A system of exchange rate determination with no central bank intervention is a
Q95The primary tool utilized by the Reserve Bank of India today in conducting monetary policy is
Q96Robert Solow is one of the developers of
Q97The difference between the nominal interest rate and the real interest rate is
Q98The inflation caused by supply shocks is called
Q99Theories of money demand that emphasize the role of money as a medium of exchange are called
Q100M3 measure of money compiled by Reserve Bank of India includes