UoH 2015 question paper

All 100 questions from the UoH 2015 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

Q1Consider market for a good in partial equilibrium analysis where supply is perfectly price inelastic and demand is perfectly price elastic. Market…
Q2If propensity of people to hold money as currency goes up and all other factors (such as required reserve ratio) remain unchanged, the value of…
Q3A fair coin is tossed three times in succession. If at least one of the tosses has resulted in Heads, what is the probability that at least one of…
Q4Which out of the following is an example of a trade barrier?
Q5Which among the following currently has the highest production (in metric tonnes) in India?
Q6Normally, if the income effect dominates the substitution effect in the labour supply decision, what happens when the wage increases?
Q7If value added at different stages is summed-up, the total will:
Q8Matrix X of order m × n is of full rank and m ≠ n. Let Y = Xᵀ X and Z = X Xᵀ. Let r(S) denotes rank of any matrix S. Then,
Q9Regardless of her income or prices, Neha always spends 30 percent of her income on housing, 25 percent on food, 10 percent on clothing, 20 percent…
Q10As foreign exchange activity has grown:
Q11The share of Indian exports in world trade in 2012-13 was approximately
Q12The poverty ratio estimated by the Planning Commission of India for the year 2011-12 stands in the range of
Q13Assume there are 75 transactions a year in an economy with a money supply of Rs.300. If the average value of each transaction is Rs.20, then the…
Q14Subsidized low housing is an example of
Q15How many distinct subsets can be formed from the set N = {7,3,8,2,9,6}?
Q16Match each of the economists in the first row with theory of development he is associated with from the second row: Economists: 1. A.O. Hirschman…
Q17In which of the following models of oligopoly, firms choose prices instead of quantities
Q18An estimator is defined as
Q19The Keynesian approach to macroeconomics assumes that
Q20In a society of two persons, person A wants to sell a book for which his reservation price is Rs. 400; person B wants to buy this book for which his…
Q21Imperfect information about the labour market leads to
Q22Let f(x) = e^(x²). Derivative of f(x) with respect to x is equal to:
Q23According to the law of variable proportions, marginal product of the variable input
Q24The quantity theory of money implies that if the money stock were to double, the price level will
Q25Let z = f(x₁, x₂). Let fᵢ be first order partial derivative of f(.,.) w.r.t. xᵢ and fᵢⱼ be second order partial derivative of f(.,.) w.r.t. xᵢ and…
Q26If the factor supply market is competitive, each firm will face a supply curve for labor that is
Q27If a given labour market is characterized by monopsony (i.e., a company town in which there is only one employer), how does the level of hiring…
Q28Consider an economy of at least 3 individuals with every individual having strictly monotonically increasing utility functions. Let state Y be…
Q29Consider equation a x³ + b x² + c x + d = 0 with real coefficients (a,b,c,d) and with distinct roots α, β and γ, where α is a complex number. Then,
Q30Let X and Y be random variables such that Y = 4X + 12. Given that mean of Y is μ_Y = 64 and its standard deviation is σ_Y = 52, then,
Q31An increase in the current account deficit will put [ ] pressure on the home currency value, other things being equal. Give suitable answer to fill…
Q32A major component of the current account is the:
Q33If the RBI wants to tighten the money supply, it should
Q34If the annual income velocity of money is 3, then the total real money stock in the economy is:
Q35High powered money consists of:
Q36Which one of the following rates is NOT an instrument of monetary policy in India?
Q37Which among the following classes of transport currently ranks first in domestic goods transport?
Q38Increase in net RBI credit to the central government represents:
Q39The utilization of disguised unemployment as a source of saving potential in underdeveloped countries has been suggested by:
Q40Which of the following variable will come under Stock variable?
Q41Some individuals, when facing a lottery or other situation of uncertainty, prefer not to accept gambles that are better than fair (i.e., have a…
Q42The price elasticity of demand faced by a firm in a perfectly competitive market is
Q43Given a 3 × 3 matrix A = [1 0 1; 2 -1 3; 1 1 0], its inverse
Q44Regression analysis
Q45The real balance effect suggested to bridge the classical dichotomy, was given by:
Q46The most volatile component of GDP over the business cycle is
Q47Assume you have the option to choose between receiving a given amount of money M 5 years from now or 10 years from now, and the discount rate is…
Q48What is an example of sunk costs for someone opening a law practice?
Q49The supply-determined nature of output and employment is the most crucial feature of
Q50In the liquidity trap case where the LM schedule is nearly horizontal,
Q51In a perfectly flexible exchange rate regime, an expansionary Indian monetary policy will cause
Q52There are two batteries in a UPS connected in series both must be working for the UPS to be able to function. Probability that a battery will fail…
Q53In correlation analysis we measure the
Q54Which one of the following is an appropriate sampling technique if the study population is heterogeneous?
Q55From 1944 to 1971, the exchange rate between any two currencies was typically:
Q56Which of the following are examples of currency controls?
Q57The tariff which maximizes a country's welfare is called:
Q58In India, which of the following revenues are not shared by the Centre with the States?
Q59During second half of 2014 (July-December), inflation showed,
Q60Which of the following is the major source of accretion to foreign exchange reserve in India at present?
Q61Trickle down theory suggests that
Q62Assume that you purchased a Rs.1,000 perpetual bond that pays a market interest rate of 7 percent. If you attempted to sell this bond today…
Q63Which of the following variables shifts the classical aggregate demand curve right?
Q64Who stated that savings and investment are equal but they are not always in equilibrium?
Q65Consider system of equations: 3x + 3y = 9; 2x - y = 3; and x - 2y = -2. Then,
Q66You are given annual growth rates for 7 consecutive years. To find compound annual rate of growth, the suitable method involves use of:
Q67Standard error is defined as
Q68An increase in the price of a commodity when demand is inelastic causes the total expenditures of consumers of the commodity to
Q69What happens to a consumer when the price of a good she consumes increases, or her income decreases?
Q70If the income elasticity of demand is greater than 1, the commodity is
Q71Fishers index number is:
Q72Presently, the Indian rupee is:
Q73Pilgrims tax is levied by the
Q74The gross fiscal deficit for India as a percentage of India for the year 2013-14 was in the range of
Q75Assume a two-country world: Country A and Country B. Which of the following is correct about purchasing power parity (PPP) as related to these two…
Q76Stagflation is a period of
Q77Chi-square (χ²) test is used for
Q78When an import tariff is imposed on a good that is imported by a given country, which of the following quantities decreases?
Q79Four persons namely, David, Anwar, Nazma and Rita are to be seated in a row such that David and Anwar must sit next to each other and Rita and Nazma…
Q80A General Agreement on Tariffs and Trade (GATT) accord in 1993 called for:
Q81Under which article of the constitution of India, the finance commission is appointed by the president
Q82According to the 2001 Census, the number of females per 1000 males is:
Q83In the Solow’s model of economic growth, the output per capita is a function of:
Q84Who is the Chairperson of the newly created NITI Aayog:
Q85The marginal cost of a pure public good is
Q86In a class of 50 students, 33 are Telugu speaking, 15 are Urdu speaking and 9 speak neither Telugu nor Urdu. How many students are both Telugu…
Q87When planned saving is greater than planned investment
Q88The Engle curve for a Giffen good is
Q89The Consumption basket of a consumer has two goods, X and Y. If he spends the entire income on these two goods, he can buy 4 units of X and 6 units…
Q90Given that the excise duty on a product is fully borne by the buyers, then the magnitude of the price elasticity of demand of that product is
Q91The most commonly used measure of changes in the cost of living for households is
Q92Name the state which has not yet implemented the FRBM Act
Q93Krugman's theory of international trade is based on
Q94Which of the following names is associated with theory of entrepreneurship?
Q95Ali likes classical music (C) but is irritated by western music (W). Which of the following utility functions would best represent Ali's utility…
Q96Fill in the blanks in the following sentence: According to the National Food Security Act, the population coverage under this Act is to be [ ]…
Q97To study the performance of various states across India, the data on state domestic product is collected for all states for the period 1990 to 2010.…
Q98When price deflation takes place (i.e. price level falls), then,
Q99The difference between M₃ and M₁ is
Q100Under perfect competition, the shut-down condition holds, when,