UoH 2019 question paper

All 98 questions from the UoH 2019 University of Hyderabad MA Economics entrance paper. Open any question for the worked solution.

1. Q1In Microeconomics, the market is conceived primarily as an institution for
2. Q2Real gross domestic product (GDP) of an economy is best defined as:
3. Q3While estimating Minimum Support Prices (MSP), the Commission for Agricultural Costs and Prices (CACP) in India analyzes which of the following…
4. Q4A risk-loving or risk-seeking consumer
5. Q5The trade triangle of a country shows
6. Q6In the Keynesian cross model, if the interest rate is constant, the MPC is 0.6, and taxes are increased by rupees 100, by how much does income change?
7. Q7If the marginal propensity to consume (MPC) is large, then,
8. Q8Consider the production function given here: y = -x³ + 6x² + 15x, where y is output and x is input (capital). For what value of x will the marginal…
9. Q9'Fiscal Deficit' in public finance is defined as a situation where
10. Q10Which of the following is the alternative name of expected utility function?
11. Q11Assumption of 'Non-satiation property' in consumer's utility analysis states that consumers
12. Q12When two commodities (X and Y) are perfect substitutes of each other, consumer's indifference curve will be
13. Q13Which of the following is true when two indifference curves intersect each other?
14. Q14Which of the following is relevant for test for equality of variances of two populations?
15. Q15Classification of inputs of production into 'fixed inputs' and 'variable inputs' is
16. Q16The set of all technologically feasible production plans is called the firm's .........
17. Q17Elasticity of substitution between two factor inputs for a Leontief isoquant is equal to...
18. Q18The theory of 'Optimal Currency Area' (OCA) was pioneered by the Economist,
19. Q19Operation of the principle of income multiplier assumes
20. Q20If the economy is on the LM curve, but is to the left of the IS curve, aggregate output will _ and the interest rate will _
21. Q21For a sample data, if Mean < Median < Mode, then the distribution is
22. Q22Which one is not an assumption of the Mahalanobi two-sector model?
23. Q23Answer the following three questions (23 to 25) based on the information in BOX-1 BOX-1: Demand and supply functions in a competitive market are…
24. Q24Answer the following three questions (23 to 25) based on the information in BOX-1 BOX-1: Demand and supply functions in a competitive market are…
25. Q25Answer the following three questions (23 to 25) based on the information in BOX-1 BOX-1: Demand and supply functions in a competitive market are…
26. Q27In a Stackelberg quantity leadership model, which is true?
27. Q28Given below are statements for a Cartel (i) Cartel acts like a monopoly (ii) Firms under Cartel compete on output quantity rather than on price…
28. Q29Which is not true for a perfect competition?
29. Q30A price discriminating monopolist will be able to earn higher profit if
30. Q31The Marginal Productivity Theory of distribution is explained by J. B. Clark in his book
31. Q32The problems of adverse selection in Economics arise due to
32. Q33Consider a random experiment where two dice are rolled and all outcomes are equally likely. Let n₁ be number that came up on the first die and let…
33. Q34The speculative demand for money is a function of
34. Q35Keynes identified that large chronic unemployment during the worldwide economic depression of 1930s was a result of
35. Q36A barter economy is different from a money economy in that a barter economy
36. Q37When two regression lines (of Y on X and X on Y) coincide each other, then
37. Q38Which is true for the Binomial distribution?
38. Q39Which one of the following statements is not true?
39. Q40Interchange of any two rows or two columns will alter the ..........of a determinant
40. Q41Which is true for the Ricardian model of international true?
41. Q42Which of the following statements on “Linear Programming Problem” is true?
42. Q43The value of the definite integral ∫₀²(2 - 3x) dx is equal to
43. Q44The National Institution for Transforming India (NITI) was created on ..
44. Q45According to the Composite SDG (Sustainable Development Goals) India Index 2018, two top performing states are
45. Q46Which category of items is currently outside the purview of GST in India?
46. Q47Pigouvian tax is a
47. Q48In Indian tax system, which is not true for Goods and Services Tax (GST)?
48. Q49Pure public goods have the characteristics of
49. Q50What is the minimum value of the function f(x) = 4x² - 4x + 1?
50. Q51Comparisons of GDP levels across various countries are most accurate when:
51. Q52The Gresham's Law in economics is associated with which statement?
52. Q53Under a flexible exchange-rate system, the Indian rupee will appreciate against the Japanese Yen when
53. Q54Answer following two questions (54 and 55) based on the information in Table 1 Table 1: Macro data for an economy (Crores of Rupees) | Items |…
54. Q55Answer following two questions (54 and 55) based on the information in Table 1 Table 1: Macro data for an economy (Crores of Rupees) | Items |…
55. Q56Which of the following describes the liquidity trap situation?
56. Q57If there is an exogenous increase in money supply, then,
57. Q58Hyperinflation usually occurs when
58. Q59Based on which assertion, Milton Friedman challenged Keynesian economics?
59. Q60Significance level in estimation of a parameter can be related to
60. Q61Consider an estimator Tₙ = t(X₁, X₂, …, Xₙ) based on a random sample of size n for a parameter θ for some random variable, X. If it is found that…
61. Q62Which of the following is a trade weighted average of a country's bilateral exchange rates, expressed as an index number relative to the base year?
62. Q63Which of the following policy choices represents a combination of fiscal and monetary policies designed to bring the economy out of a recession?
63. Q64Which of the following is a recent paradox in trends in inflation rates in India?
64. Q65Which of the following a British economist whose contributions are seen as constituting the economic theory offered by Mercantilism?
65. Q66'Division of Labour' in Adam Smith's economic analysis implies
66. Q67A monopolist is trying to maximize total profit. He has the following average revenue function P = 63 - 4Q and the total cost function is given by…
67. Q68The name of Francois Quesnay is associated with
68. Q69Who defined “Economics is the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses”?
69. Q71The basic of objective behind holding Buffer Stocks by Food Corporation of India is...
70. Q72India does not import any milk or milk products from which country? It was banned due owing to presence of toxic melamine content in milk which…
71. Q73In which of the following Acts in India, the target was set for reduction in revenue deficit and fiscal deficit only, and not for primary deficit?
72. Q74Consider the following matrix: H = [-3 4 -1; 4 -6 2; -1 2 -10] Then,
73. Q75Widespread agrarian crisis in India is largely emanates from ……
74. Q76WTO formation and implementations of its agreements have benefitted many developed countries but failed to benefit many developing countries…
75. Q77One of the main successes of Mid Day Meal Programme of the Government of India is
76. Q78In which of the following years, University of Hyderabad was established?
77. Q79Contributions of six sectors, viz., agriculture, forestry and logging, fishing, mining and quarrying, manufacturing, and construction to the Gross…
78. Q80Answer following three questions (80 and 82) from information given in Diagram 1 Diagram 1: The initial equilibrium of the consumer is at point A… · diagram
79. Q81Answer following three questions (80 to 82) from information given in Diagram 1 [Diagram 1: A consumer's indifference-curve diagram with Good X on… · diagram
80. Q82Answer following three questions (80 to 82) from information given in Diagram 1 [Diagram 1: A consumer's indifference-curve diagram with Good X on… · diagram
81. Q83Currently, Assam contributes about …….. of total tea production of India. (Source: www.teaboard.gov.in)
82. Q84As per the 2011 census of India, which state had the highest literacy rate? (Source: https://www.census2011.co.in/facts/highstateliteracy.html)
83. Q85[Diagram 2: A line chart titled 'Percentage share of contribution of Industry and Services in GDP of India'. The vertical axis is % share in GDP of… · diagram
84. Q86In the general equilibrium analysis, which is related to re-distribution of wealth?
85. Q87To 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…
86. Q88In general equilibrium models, which one is the definition of Numeraire price?
87. Q89Which of the following will describe the simplest model of Robinson Crusoe Economy?
88. Q90Which is not related to 'Contract Curve' of pareto efficient allocations?
89. Q91Which is not a reason for the existence of increasing opportunity costs?
90. Q92Consider following statements on the Pure theory of international trade: Statement 1: The central concern of the pure theory of international trade…
91. Q93Which one of the following transactions constitutes the best form of capital injections?
92. Q94The Heckscher-Ohlin theory of international trade states that
93. Q95A macroeconomic indicator for which there is no annual data in India is
94. Q96Given the function y = x⁴ + x, second order derivative of y with respect to x is ……
95. Q97Which is true for the Solow growth model? When the propensity to save increases, then the aggregate production function
96. Q98Incremental capital-output ratio is assumed to be …. in Harrod-Domar model of growth
97. Q99Which two economists won Economics Nobel Prize in 1969 “for having developed and applied dynamic models for the analysis of economic processes”?
98. Q100Which is not included in Human Development Index (HDI) calculation?