M.Sc.

Entrance Examination
Sample Questions

Section A
(1)

(2)

(3)

Last year a small statistical consulting company paid each of its five statistical clerks
$22,000, two statistical analysts $50,000 each, and the senior statistician/owner $270,000.
The number of employees earning less than the mean salary is:
a) 7
c) 4
b) 5
d) 6

2 1
Find the Eigen values of A =

3 4
a) 1, 3
b) 3, 5

c)
d)

1, 5
3, 1

If A & B are independent, P(A) = 0.4 and P(B) = 0.6 then P(A U B) is,
a) 0.24
b) 0.76
c) 0.6
d) 1

Section B
(1)

2 men and 3 women can do a piece of work in 10 days while 3 men and 2 women can do the
same work in 8 days. In how many days can 2 men and 1 woman do the same work?
a)
b) 12
c)
d) 10
1
1
12
12
2
4

(2)

A complete cycle of a traffic light takes 60 seconds. During each cycle the light is green for
25 seconds, yellow for 5 seconds, and red for 30 seconds. At a randomly chosen time, the
probability that the light will not be green is
a)
1/4
b) 7/12
c) 1/3
d) 5/12

(3)

Jayesh is taller than Mohan but shorter than Ashok. Shashi is taller than Mohan but shorter
than Vijay. Who among them is the tallest?
a) Ashok
c) Either Vijay or Ashok
b) Vijay
d) None of these

Section C
(1)

If both income and substitution-effects are strong, this region of the demand curve must be
a) relatively price elastic
b) relatively price inelastic
c) perfectly inelastic
d) unit elastic

(2)

Total cost function of a firm is given below:

TC = 200Q 9Q2 + .25 Q3
The minimum possible marginal cost is
a) Rs. 92
b) Rs.96
c) Rs.120
d) Rs.126

(3)

The demand for spring water is given by P = 1000- Q. Assume that the cost of production
to be zero. What is the equilibrium price for the industry if there are four firms in the
industry?
a) Rs. 800
b) Rs. 200
c) Rs.100
d) Rs.1000

(4)

In the IS curve, consumption, government expenditure, exports, and imports are a function
of
a) expectations.
b) current output.
c) potential output.
d) the interest rate.

(5)

In an economy aggregate monetary resources are equal to the sum of

i) a) RBI currency notes in circulation
iii)b) Time deposits with banks
ii)c) Rupee coins and notes and small coins iv)d) Demand deposits with banks and
in circulation
other deposits with RBI
e)

i)a)
b)
iii)

f)

Both (i) and (ii) above

Only (ii) and (iii) and (iv) above

c)
ii)
d)
iv)

**********

Only (i) and (ii) and (iii) above

All of (i) and (ii) and (iii) and (iv)
above