UoH 2017 question paper

All 100 questions from the UoH 2017 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

1. Q1If individuals forecast future prices by examining the rates of inflation of the present and recent past, they are using:
2. Q2Targeted Public Distribution System in India, that aims to supply subsidized food grains faces a limitation in terms of
3. Q3To raise its long-run rate of economic growth, a country should
4. Q4Which of the following assumption is violated if consumer preferences exhibit cyclicality?
5. Q5A risk averse individual is defined as
6. Q6Which of the following market structures is Pareto efficient
7. Q7For the Binomial distribution with parameters n and p, the variance cannot exceed
8. Q8If all values of a variable are multiplied by a given non-zero number, which one of the following will not be affected?
9. Q9The biggest problem before India's banking sector currently is
10. Q10A card is selected at random from an ordinary pack of 52 cards. What is the probability that the card is a spade?
11. Q11If the short-run aggregate supply curve is horizontal, then changes in aggregate demand affect:
12. Q12When the base year values are used as weights, the weighted average of relatives price index number is the same as the:
13. Q13According to the Agreement on Agriculture under WTO, subsidies that come under 'Amber' box belong to:
14. Q14The tax multiplier is the change in output divided by the change in
15. Q15The unorganized sector that employs about 92 percent of India's work force contributed of GDP in 2015-16
16. Q16Large inflow of foreign reserves, which may cause appreciation of exchange rate, can render most products of that country lose competitiveness in…
17. Q17Which of the following set is not finite?
18. Q18Terms of trade refers to
19. Q19Union Carbide company was asked to pay compensation to the victims of the well-known Bhopal Gas Tragedy by the Supreme Court, following
20. Q20In Groundwater exploitation through borewells can usually lead to depletion of water levels, with no one having incentive to conserve. This is an…
21. Q21According to the World Happiness Report 2016, which country tops the list
22. Q22In the latest Human Development Index(HDI) report of March 2017 released by UNDP, India ranks:
23. Q23The general relationship among arithmetic mean (AM), geometric mean (GM) and harmonic mean is given by AM ≥ GM ≥ HM. But there can be a relationship…
24. Q24Under MGNREGA, when government fails to show work after receiving a demand notice for employment from anyone, then under the Act
25. Q25Marginal cost of supplying a public good to an extra-user is
26. Q26Economy at the aggregate will be in equilibrium only when the actual expenditure equals
27. Q27If the nominal gross domestic product is Rs.8 trillion and the money supply is Rs.2 trillion, the velocity of money is
28. Q28Consider three consumer goods: A, B, and C. 100 units of each them are purchased at a price of Rs.1 in the base year. If the current year price of…
29. Q29According to the life-cycle theory of consumption, people tend to
30. Q30According to Keynes, during times of economic depression, people may hold back money instead of investing them into bonds because of
31. Q31Which of the following policies is most likely to encourage long-term economic growth in a country?
32. Q32According to Keynes, investment during depression in the economy depends on
33. Q33Wholesale Price Index is not considered to reflect well the cost of living of people because it contains prices of
34. Q34National income at factor costs is calculated as
35. Q35In Quantity Theory of Money, MV = PT, Money Supply 'M' is purported to influence the Price Level 'P'. This relation holds strictly true only under…
36. Q36Given the income multiplier formula m = 1/(1-mpc), lower the marginal propensity to consume
37. Q37IMF since 1970s actively encouraged countries to adopt
38. Q38When manufacturers export a product to another country at a price either below the home price or below its cost of production, it is referred as
39. Q39In the circular flow diagram of an economy, which of the following is true?
40. Q40If a country exports 300 units of food and imports 200 units of food, then its index of intra-industry trade in food would be
41. Q41The infant industry argument is an important theoretical basis for
42. Q42How many British pounds would it cost to buy a pair of American designer trousers costing $60 if the exchange rate is 1.50 dollars per British pound?
43. Q43The J-curve illustrates which of the following.
44. Q44World economic growth has slowed down since 2008 because of
45. Q45'One Belt One Road' initiative by China is a
46. Q46Which of the following persons has won Nobel prize in economics:
47. Q47The famous book titled Capital in the Twenty-First Century is authored by:
48. Q48When the elasticity of substitution in a Cobb-Douglas production is one, it means that distribution of income is
49. Q49If in country A it takes 6 units of labour to produce one unit of cloth and 10 units of labour for one unit of wine, while country B takes 4 units &…
50. Q50Which of following two countries have registered 9 percent growth rate for three successive decades
51. Q51Is it possible for all goods which a consumer purchases to be inferior goods
52. Q52Technological efficiency occurs when the firm produces a given output
53. Q53Natural monopoly is a market structure where
54. Q54An externality in a transaction is
55. Q55In economic models of public choice, maximize their utility by.
56. Q56To say that some goods are inferior means that the income elasticity of those goods
57. Q57Block pricing of water by Greater Hyderabad Municipal Corporation is an example of
58. Q58For a Monopoly, in order to increase the sales from 100 units to 101 units, it must drop the price of all of its units from Rs. 20 to Rs.19. What is…
59. Q59In Baumol's theory of oligopolistic market structure, the basic goal of the firm is
60. Q60When the demand and supply curves both shift rightward, which of the following happens?
61. Q61Examples of applications of range in real world includes
62. Q62Developing countries' agricultural exports are adversely affected by
63. Q63A type II error is made when
64. Q64The elasticity of a good with a vertical demand curve is
65. Q65log₁₀ 1 =
66. Q66In a significant move, the 14th Finance Commission has increased the share of state governments in the Central tax revenues from:
67. Q67As per the rules of the dummy variables, if a quantitative variable has M categories, we can introduce
68. Q68The number of maternal deaths related to childbearing divided by the number of live births in that year is known as?
69. Q69Find out the value of the definite integral ∫₁² y dx where y = 4 – 2x
70. Q70One consumer has bought three commodities and his price and quantity vectors are given by P = [5 2 3] and Q′ = [10 20 50] respectively. Then, the…
71. Q71The determinant value of the transpose of the following matrix is [9 6 3; 8 5 2; 7 4 1]
72. Q72The concept of duality in a linear programming problem refers to the following property
73. Q73During the colonial rule in India, which of the following sources contributed largest to the tax revenues:
74. Q74Number of family members in different families in a town is an example of
75. Q75When supply of a commodity is more elastic than the demand, the tax incidence is likely to fall more on
76. Q76The monetary innovation that Mughal administrators did in the 17th century was introduction of:
77. Q77Abolition of Intermediaries in Indian land tenure systems in 1950s contributed to agricultural growth by augmenting:
78. Q78Which is the largest source of direct tax revenues for India currently
79. Q79By 1966, Indian industrial growth reached lowest rates of growth largely because:
80. Q80For a consumer having the total utility function U(x₁, x₂) = x₁⁰·⁵ x₂⁰·⁵, with p₁ = 2 and p₂ = 5 being prices of commodities x₁ and x₂ and a given…
81. Q81India achieved total food grain self-sufficiency by
82. Q82Land Reforms in India, in terms of implementation of Land Ceilings Act, largely failed in India because:
83. Q83According to the World Bank, a major cause of poverty is lack of access to credit markets for not having collateral. The microfinance model is said…
84. Q84Virat's score in the first five T-20 cricket matches are: 95, 88, 97, 82, 91. He needs to have a mean score of at least 90 in his six matches. What…
85. Q85Tenant farmers are not able to receive crop loans from banks because of
86. Q86Which is the second largest source of employment in India after agriculture
87. Q87India's economic growth is largely led by the growth in
88. Q88Make in India initiative aims to raise the share of manufacturing output in India's GDP to
89. Q89According to Karl Marx, the real producers of production and value in the society are:
90. Q90According to the theory of demographic transition, eventually rate of population growth is likely come down in the course of development as
91. Q91HDI is calculated by considering
92. Q92The demographic dividend in economic development for countries like India is resulting from
93. Q93The theory of Big Push in development economics was put forwarded by
94. Q94In the Lewis model of development, the transition of surplus labour from the subsistence sector to the modern sector will occur till
95. Q95The Coal Block allocation under UPA 2 government became controversial for following
96. Q96According to Laffer curve if the tax rate is 100% the revenue would be
97. Q97Which of the following policy measures proved critical in adopting HYV technology in India
98. Q98A tax is said to be buoyant if tax revenues increase more than proportionately in response to a unit rise in _
99. Q99Which of the following types of tax that does not distinguish between commodities and services
100. Q100It is not ideal to tax a service like education because education is an example of