UoH 2018 question paper

All 100 questions from the UoH 2018 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

1. Q1Pure theory of international trade aims at
2. Q2If the actual unemployment rate is below the natural rate of unemployment, it would be expected that
3. Q3Labour Embodied and Labour Commanded as determining value of a commodity was proposed by which of the following scholars?
4. Q4To sell commodities at their cost of production in competitive markets and yet be able to make a surplus over and above cost of production as a…
5. Q5MNREGA assures a minimum of 100 days of employment to
6. Q6Which of the following sectors have attracted maximum share of FDI in India in the last two decades
7. Q7The distinguishing feature that determines whether an analysis is Classical or Keynesian Economics is
8. Q8According to Keynesians, the primary reason money is not neutral is
9. Q9In the Cambridge version of quantity theory of money, in the equation M_D = K · PY, K is
10. Q10The condition for sustainable public debt is
11. Q11One of the consequences of Lewis's model is
12. Q12Keynes's description of the whimsical investment attitudes of entreprenures, sometimes optimistic, sometimes pessimistic is called
13. Q13When economists refer to "tight" monetary policy, they mean that the central bank is taking actions that will
14. Q14National income accounting
15. Q15To calculate nominal GDP (Gross Domestic Product), we
16. Q16In India, employment is measured by what is known as 'usual status employment', which is defined as
17. Q17Which of the following commodity is currently kept out of the coverage of Goods and Services tax (GST)?
18. Q18The natural rate of unemployment is generally thought of as the
19. Q19A market demand curve can be derived by adding all the individual demand curves
20. Q20Greater accuracy of estimation of parameters from sample data (i.e., smaller size of confidence interval), is obtained, if,
21. Q21If the average-cost function is AC = Q² – 4Q + 214, then the given function is more appropriate as a
22. Q22What is a, if [1 4; 2 a] is a singular matrix?
23. Q23In a two sector model, if the MPC is 0.6, the Keynesian multiplier is
24. Q24At any given point on an indifference curve, the absolute value of the slope equals
25. Q25If h(x) = f(g(x)) then h′(x) is
26. Q26When prices are (p₁, p₂) = (1,2) a consumer demands (x₁,x₂) = (1,2), and when prices are (p₁, p₂) = (2,1) the consumer demands (x₁,x₂) = (2,1). Is…
27. Q27The production function: Y = f(L, K) = 3KL exhibits
28. Q28How the following production functions differ from each other? Q = f(L, K) = 0.68 L⁰·⁶⁴ K⁰·²⁶ Q = f(L, K) = 0.42 L⁰·⁶⁴ K⁰·²⁶
29. Q29A firm has a production function y = x₁ x₂. If the minimum cost of production for any level of output y, at P₁ = P₂ = 1 is equal to 4, what is y…
30. Q30If the demand curves for a monopolist's commodity are identical in two separate markets, then, by practicing third-degree price discrimination, the…
31. Q31Consider two economies that are identical, with the exception that one has a high marginal propensity to consume (MPC) and one has a low MPC. If the…
32. Q32Suppose that investment (I) in the goods market is not responsive to the interest rate. Then
33. Q33If the interest rate is raised in India than in UK, then
34. Q34Which of the following statements on the calculation of the consumer price index using the Laspeyres index is correct:
35. Q35Assume that banks are subject to a 10 percent reserve requirement and that they do not hold voluntary reserves. Also assume that agents do not hold…
36. Q36The function f(x) = x² – 12x + 36x will attain a ……… at when x = 6
37. Q37If Z = 3Y² where Y = 2X + 5, then differentiation of Z with respect to X is equal to
38. Q38Given the function f(x₁, x₂) = x₁³ - 6x₁x₂ - x₂², the second order own partial derivative (f₂₂) is equal to
39. Q39Total 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…
40. Q40When the technological progress occurs, it
41. Q41The cross-price elasticity of demand between products in a perfect competition is
42. Q42Engel's law indicates that as income increases
43. Q43Which of the following is a true statement?
44. Q44Which is true about the problems of moral hazard and adverse selection in Economics?
45. Q45A type I error is made when
46. Q46Which one of the following is a relative measure of dispersion?
47. Q47For a consumer having the total utility function U(x₁, x₂) = x₁⁰·²⁵ x₂⁰·⁷⁵, with p₁ = 2 and p₂ = 5 being prices of commodities x₁ and x₂ and a given…
48. Q48Which of the following has the lowest elasticity of supply?
49. Q49If the marginal utilities of A and B are 300 and 450, and the price of B is Rs 60, what will be the price of A if the consumer equilibrium is…
50. Q50For complementary goods, the cross elasticity of demand will be
51. Q51Ranbaxy produces 2 life-saving drugs, A and B. There are several close substitutes for A but B has no substitutes. If Ranbaxy wants to increase its…
52. Q52According to traditional theory, the long-run average cost (LAC) curve is U-shaped because
53. Q53According to Ricardo, rent is high because
54. Q54In the Harrod growth model, the equilibrium growth rate is determined by
55. Q55In the Solow growth model, equilibrium growth is stable because of
56. Q56In the classical theory of employment, Savings and Investment are brought into equilibrium through
57. Q57Which Nobel laureate economist recently resigned as the chief economist of the World Bank
58. Q58In Development Economics, who first put forward the Big Push Theory
59. Q59In India, under the Goods and Services Tax (GST), currently how many tax slabs are there
60. Q60In India, under the Companies Act, 2013, what is the minimum amount that large companies must spend at least as part of Corporate Social…
61. Q61Which one of the following conditions is assumed by Euler in his adding up theorem? Elasticity of substitution is:
62. Q62The right hand tail of a frequency distribution is found to the mirror image of the left-hand tail. The distribution is:
63. Q63Which of the following is true with respect to the production function Y = AL^αK^(1-α), (where α is between 0 and 1)?
64. Q64A shut down point is point where
65. Q65Which of the following would cause disequilibrium in the balance of payments? 1. the change in the level of domestic demand 2. variations in the…
66. Q66The marginal product of labour in the production of computer chips is 100 chips per hour. The marginal rate of technical substitution of hours of…
67. Q67For events A and B, it has been reported by an investigator that probabilities P(A) = 0.6, P(B) = 0.4, and conditional probability P(B|A) = 0.75.…
68. Q68Let X, Y, Z be random variables with Y = aX + b, where a < 0. Let r_(xy) represent the correlation coefficient between X and Y, and similarly for…
69. Q69Consider independent events A and B, such that P(A) > 0, and P(B) > 0. Then,
70. Q70Three fair coins are tossed simultaneously. Then,
71. Q71Pigou effect, which counters the Keynesian unemployment equilibrium, occurs through
72. Q72The economist associated with the method of partial equilibrium is
73. Q73The economy is in a steady state if it
74. Q74The problem of the movement of the economy from one steady state to another is known as
75. Q75Harrod's warranted rate of growth is the rate
76. Q76The total fertility rate (TFR) is the
77. Q77Incidence of which of the following taxes can be shifted?
78. Q78In a system of value added tax, price of a commodity
79. Q79Which statement describes the crowding-out hypothesis in public finance?
80. Q80In an economy, if the marginal propensity to consume is 0.75 and the government expenditure is increased by rupees 20 crores, then the national…
81. Q81In general, ………… is regressive in nature.
82. Q82The table below shows the maximum number of apples or bananas that person “X” and person “Y” can produce using all of their time and resources. |…
83. Q83Refer to the table in Question 82. Who has a comparative advantage in producing apples? Who has a comparative advantage in producing bananas? |…
84. Q84Which of the following best describes a country's trade deficit?
85. Q85If the rate of inflation in India increases relative to the rate of inflation in Canada, then which of the following will occur?
86. Q86The infant industry arguments refers to a tariff designed to
87. Q87Political economy recognizes
88. Q88According to the critics of Free Trade theory, the primary reason why many underdeveloped countries continued to be economically poor because:
89. Q89Albert Otto Hirschman, the famous development theorist of 'unbalanced growth' built his argument on the basis of
90. Q90Disguised unemployment is a phenomenon which usually exists in
91. Q91The Head Count Index of poverty measures
92. Q92In critical minimum theory, Leibenstein has assigned great importance to as an endogenous variable
93. Q93Rostow's economic stages are
94. Q94Demographic dividend refers to a rise in population
95. Q95Using the cost of a similar market basket of goods across countries to compare an economic variable like Gross National Income applies the concept of
96. Q96The input-output table, when divided vertically, shows
97. Q97The commodity terms of trade equals the
98. Q98According to Harris and Todaro, creating urban jobs by expanding industrial output
99. Q99Select the statement that is most appropriate. Monetary policy under full capital mobility…………
100. Q100Suppose the expected inflation rate is 8 percent and the unemployment rate is 3 percent. If the inflation rate rises to 10 percent and the expected…