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Jnu Sss Ma Economics 2007-15
Jnu Sss Ma Economics 2007-15
Jnu Sss Ma Economics 2007-15
QUESTION PAPER
SERIES CODE Centre of Era,. :
A Name of Candidate :
Signature of Invigilator
Candidates must read carefully the following instructions before attempting the Question Paper :
(i) Write your Name and Registration Number in the space provided for the purpose on the top of this
Question Paper and in the Answer Sheet.
( ii) Please darken the appropriate Circle of Question Paper Series Code on the Answer Sheet.
(iii) All questions are compulsory.
(iv) Answer all the 100 questions in the Answer Sheet provided for the purpose by darkening the correct choice,
i.e., (a) or (b) or (c) or (d) with a BALLPOINT PEN only against the corresponding circle. Any overwriting
or alteratiop will be treated as wrong answer.
(v) Each correct answer carries 1 mark. There will be negative marking and 1/4 mark will be deducted for
each wrong answer.
(vi) Answer written by the candidates inside the Question Paper will not be evaluated.
(vii) Pages at the end have been provided for Rough Work.
(viii) Return the Question Paper and Answer Sheet to the Invigilator at the end of the Entrance Examination.
DO NOT FOLD THE ANSWER SHEET.
.mo•. ^m m mvmoo
Wrong
® © .
Wrong Wrong
/ 30-A
/aaA 2
(b) (- -, +o)
(c) [-a, a] where a> 0
(d) (Q 1)
2. Satish is very conscious about the food he eats. He only eats rotis and dal; a cup of dal
costs P 2, while each roti costs a rupee; and Satish decides to spend only a 13 per day
on food. He also decides to consume exactly 5500 calories a day; he has been told that
each roti has 1000 calories while each cup of dal has 500 calories. He spends the entire
money he has allocated to food. Then he consumes
3. Let X and Y be random variables with V[X1 = 2, V[Y] = 4 and cov (X, Y) = 2. Let
W = 2X + 3Y. The V[W1 is
(a) 68
(b) 44
(c) 48
(d) 16
(a) 1,000
(b) 5,000
(c) 3,000
/ 3o-A 3 [ P.T.O.
S. The incidence of sales tax falls
(c) approximately the length of time such that all inputs remain fi*ed
(d) approximately the length of time such that all inputs are variable
(b) A scatter plot with points mostly in the lower left and upper right quadrants
8. Which of the following is not correct regarding the estimated slope of the regression
line?
9. Among twenty-five articles, nine are defective , six have only minor defects and three
have major defects . The probability that, if a selected article is defective, then the defect
is major is
(a) 1/3
(b) 0.25
(c) 0.24
(d) 0.08
/30-A 4
Answer Question Nos. 10- 15 on the basis of the following information :
An exclusive club is trying very hard to pick its members from the social elite. An exact election
mechanism has been agreed upon that will ensure the entrance of only the most suave
members from the group A, B, C, D, E; F, G and H. Being 'in' or `out' of the club is determined by
the following rules :
If A is in, then G is out.
If H is out, then B is in.
If D is out, then E is out.
If H is in, then C is in.
If B is out, then G and D are out.
10. Which of the following is a complete group of people who could be in?
(a) A, F, G
(b) F, G, H, C, E, D
(c) E,D,H,C,B
(d) B,F,G,D,A
(a) A
(b) C
(c) D
(d) E
12. If E and G are in the club, then what other two people must also be in the club?
(a) B, A
(b) G, H
(c) H, D
(d) D, B
13. If B and D are out of the club, then which of the following must be true?
/30-A 5 [ P.T.O.
14. If seven people are in the club , then who could be out?
(a) A
(b) B
(c) E
(d) C
(a) A
(b) B
(c) C
(d) F
16. Which of the follwoing species were the last two to go extinct?
(a) X, V
(b) T, U
(c) X, U
(d) U, V
17. Which of the following species could have been the fourth one to go extinct?
(a) S
(b) V
(c) W
(d) R
/30-A 6
1 111 I, 111.4 I1 11p, 11I11 1 1 1 I IN III .I.. 1 10 "1111111 I1 II 11 11 III J'j I 1111111 I, M1 1 1
18. Which is the smallest number of species that could have gone extinct before T?
(a) Two
(b) Three
(c) Four
(d) Five
20. How many possible orders are there for the species' extinction pattern?
(a) One
(b) Two
(c) Three
(d) Four
21. If the constraints were changed and X were not required to become extinct before U,
then which of the following is a possible order for the species ' extinction?
(a) W, R, S, T, U, X, V
(b) R, S, X, W, T, U, V
(c) R, X, S, W, T, U, V
(d) R, S, T, U, V, W, X
22. Between 1750 and 1900, India's share in world manufacturing output
/ 30-A 7 1 P.T.O.
23. Between 1990-91 and 2000-01, the Tax/GDP ratio of the Central Government of India
24. Which of the following is used to determine the value added in agriculture in India?
25. Take India's GDP in 2009-10 at! 50,00,000 crore. Indians working abroad remit to the
country ! 150 crore and foreigners working in India remit ! 100 crore out of the
country. Foreign investors repatriate F 50 crore and Indian business abroad brings in
! 10 crore. Then India's GNP in 2009-10 would have been
(a) 890
(b) 880
(c) 910
(d) 660
/30-A 8
29. If government purchases increase to 240, the new equilibrium level of income would be
(a) 1700
(b) 1200
(c) 1400
(d) 1600
31. Market capitalization in the Bombay Stock Exchange (BSE) rose by 100 percent in a
single year. This means that
(a) the Sensex rose by 100 percent during that year
(b) the value of shares traded at the BSE over the year increased by 100 percent when
compared with the previous year
(c) the value of all outstanding shares of companies listed at the BSE rose by
100 percent
(d) the prices of every share listed at the BSE rose by 100 percent
/30-A
32. If an individual deposits a sum of money in a bank, then the amount of additional credit
that the banking system can create is
(a) a fraction of that sum defined by the cash reserve ratio
33. Fuel and power have a weight of 15 percent in India's official wholesale price index. If
there is a 20 percent increase in the price index for the fuel and power subgroup, then
contribution this would make to inflation measured by the WPI would be
(a) a simple average of the stock prices of the top 500 companies by market
capitalization
(b) a weighted average of the stock prices of the 500 most actively traded shares
(c) a weighted average of the stock prices of the 50 most actively traded shares
(d) a weighted average of the stock prices of a changing set of 30 actively traded
stocks
35. Which of the following indicators is not included in computing the human development
indices calculated by the UNDP?
(a) Life expectancy at birth
(b) Adult literacy rate
(c) Combined primary, secondary and tertiary enrolment
(d) Headcount poverty ratio
/30-A 10
38. For the countries in the European Union that share a common currency, the euro,
which of the following is correct?
(a) It is impossible to have different real exchange rates from one another
(b) It is possible to have real exchange rates that are different from one another
(c) The nominal and real exchange rates will always vary according to capital flows
39. In recent years, the bottom 20 percent of the world's population are estimated to receive
global income
40. If an economy is a price taker in world markets for both export and import, the real
exchange rate devaluation
41. The 'Gold Standard' refers to an international currency regime under which
(c) countries officially linked their money supply to a specific value of gold
(d) countries officially linked the value of their money to a specific weight of gold
/ 30-A 11 1 P.T.O.
42. Currently, State Governments receive approximately which of the following shares of
the Central Government's gross tax collection?
(a) 22 percent
(b) 25 percent
(c) 32 percent
(d) 40 percent
(i) If the game has a unique Nash equilibrium which is Pareto-dominated by some other
strategy profile, then it is a prisoner's dilemma game.
(ii) If the game is a prisoner's dilemma game, then it has a unique Nash equilibrium
which is Pareto-dominated by some other strategy profile.
Which of the following is true?
(a) a point
(a) the distribution of various sample sizes which might be used in a given study
(b) the distribution of different possible values of a statistic together with their
respective probabilities of occurrence
(d) the distribution of the values of the items actually selected in a given sample
/30-A 12
46. Which of the following is a possible sequence of combinations for the student in the two
successive weeks?
47. If the student studies Philosophy , Biology and Economics in the first week, which of the
following combinations must be studied in the third week?
48. If the student studies Philosophy, Literature and Mathematics in the first week, which
of the following combinations must be studied in the eleventh week?
/ 30-A 13 [P:T.O.
49. The rate of interest is
51. Suppose interest is compounded half-yearly at the rate of 10% per annum. If the
present value of an asset, which returns a fixed sum of F X after one year and nothing
thereafter, is F 50,000, then X is equal to
(a) r 54,750
(b) ! 55,000
(c) r 55,125
(d) 55,250
52. Which of the following statements must be incorrect to describe a set of properties for
the probability distribution of a random variable X?
(a) E(X) = 0
53. Suppose two trials of a random experiment, in which a fair coin is tossed and a fair die
is rolled simultaneously, are carried out under the same conditions. What is the
probability that the outcome `the coin shows a head and the die shows a number
divisible by 3' is observed in at least one trial?
(a) 9/144
(b) 44/144
(d) 80/144
/30-A 14
i I IIII1gµ11 II i x'411 n WITH i IuI; ^IRI,.i 1 10 i"TgglIU If Ii I II I I Inlnl I ,I IpI I ^ III I.I
Answer Question Nos. 54-57 on the basis of the following information :
Suppose, in equilibrium, aggregate income (in units of money per year) in an economy Y = C+ I,
where investment expenditure (in units of money per year) I = 1000 and aggregate consumption
expenditure (in units of money per year) C satisfies the following conditions :
56. If instead of 750 units of money the government makes annual transfer payments equal
to 10% of Y, then the value of the investment multiplier will
(a) decrease by less than unity
(b) decrease by more than unity
(c) increase by less than unity
57. If instead of 750 units of money the government makes annual transfer payments equal
to 10% of Y, then the equilibrium value of Y will
(a) decrease by less than 1000
(b) decrease by more than 1000
(c) increase by less than 1000
(d) increase by more than 1000
/ 30-A 15 f P.T.O.
58. Consider two economies (1 and 2) where in equilibrium, the level of aggregate
income (Y) is the sum of aggregate investment expenditure (I) and aggregate
consumption expenditure (C). I is determined autonomously of Y and its value in
economy 1 is double that in economy 2. If the marginal propensity to save in economy 1
is half that in economy 2 for all values of Y, then the equilibrium value of Y - C in
economy 1 is
60. The GDP of a country is growing at 5%, its population growth is 2% and its income
elasticity for food is 0.5. We can expect food demand to grow at
/30-A 16
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63. Which of the following conditions is not necessary for ordinary least squares to be the
best unbiased linear estimator (BLUE)?
(a) All errors are normally distributed
(b) All errors are independent and uncorrelated to each other
(c) All errors have expectation zero
(d) All errors have the same variance
65. 'Capital endowment' cannot explain the differences in the wealth of nations, because
(a) these are more determined by natural resource endowment
/ 30-A 17 [P.T.O.
Answer Question Nos. 67 and 68 on the basis of the following information :
According to the Constitution of India, "Where any law makes any provision for the acquisition
by the State of any estate or where any land comprised therein is held by a person under his
personal cultivation, it shall not be lawful for the State to acquire any portion of such land as is
within the ceiling limit applicable to him under any law for the time being in force or any
building or structure standing thereof, unless the law relating to the acquisition of such land,
building or structure, provides for payment of compensation at a rate which shall not be less
than the market value thereof." [Article 31A(e)]
(a) The State must pay full market value for all land acquired from a cultivator
(b) Only land without buildings and structures can be acquired by the State
(c) Only a person cultivating the land personally is eligible for compensation
(d) Land above designated ceiling limits can be acquired by the State without
compensating for its market value
(a) Laws relating to land acquisition by the State must provide for some compensation
(b) Landlords with tenant cultivators on the acquired land must share some of the
compensation with their tenants
(d) Even without a law relating to land acquisition, States can acquire land
69. In 1990-91, the price index of agricultural commodities was 200 and that of
manufactured products 150. In a year's time both the indices increased by 15 (i.e., the
price index of agricultural commodities became 215 and that of manufactured
products 165). Consequently, the terms of trade between agriculture and industry
/30-A 18
71. Suppose the demand for good Z goes up when the price of good Y goes down. We can
say that goods Z and Y are
(a) complements
(d) substitutes
72. If the quantity demanded of rice increases by 5% when the price of wheat increases by
20%, the cross-price elasticity of demand is
73. Which of the following does monopolistic competition have in common with perfect
competition?
/30-A 19 [ P.T.O.
74. Which of the following does monopolistic competition have in common with monopoly?
75. The market demand function for a commodity is given as D(p) = 1 / p; where p is the
price of the commodity. Which of the following statements about the market demand
curve is correct?
(a) The price elasticity of demand for this commodity is different at different points on
the demand curve and it varies from 0 to 1
(b) The price elasticity of demand for this commodity is different at different points
on the demand curve and it varies from 0 to -
(c) The price elasticity of demand for this commodity is equal to 1 at any point on
the demand curve
76. Let a be strictly negative real number and let b be a strictly positive real number.
Which of the following is true? [ Note that Ix) stands for the absolute value of x ]
77. Let I x I stands for the absolute value of x . Then the function f (x) = ) x I is
(c) differentiable everywhere excluding the points '0', '1' and '-1'
/30-A 20
(c) es
81. Let set A contains m elements and set B contains n elements . Then the number of
distinct functions from set A to set B which can be constructed is
/ 30-A 21 QP;TA.
82. In an election, half the electors voted for candidate A and two-thirds voted for
candidate B. 10 electors voted for both A and B. 6 electors voted for neither A nor B.
How many electors were there?
(a) 18
(b) 24
(c) 36
83. A theorem states that if P then Q'. From empirical observations it is known that P is
false. Therefore it can be inferred that
(a) Q is false
(b) Q is true
(ii) No Q is R.
From (i) and (ii) we can infer that
(b) no P is R
(ii) No R is Q.
From (i) and (ii) we can infer that
(b) no P is R
/30-A 22
(c) the exchange rate depreciation will cause domestic inflation; so there will be no
impact on the trade deficit
(d) Nothing can be said about the trade deficit without more information
(a) only activities that result in products that are exchanged in markets
(c) only activities that are or can potentially be delegated to someone else
(d) only activities that are entered into the national accounts
89. A monopoly producing a chip at a marginal cost off '6 per unit faces a demand elasticity
of -2.5. Which price should it charge to optimize its profit57
/ 30-A 23 1$.T.O.
90. X1, ..., X. are independent and identically distributed random variables. Assume that
Xi is normally distributed with mean 1 and variance 1. Let al, ..., aN be real numbers.
Construct the random variable Z as follows :
N
z = jai x X12
i=1
N
(a) The expected value of Z is Tai
i=1
N
(b) The expected value of Z is Yai2
i=1
N
(c) The expected value of Z is 2 x Eai
i=1
/30-A 24
Answer Question Nos. 95- 100 on the basis of the following information :
There are two experts, Xl and X2, employed by the Planning Commission of Hubble Bubble
to calculate the annual rate of growth of output in the country. Given that Y(t) denotes output
in year t and Y(t - 1) denotes output in the previous year (t - 1), Xt calculates the rate of growth
in year t using the formula [Y(t) - Y(t -1)] / Y(t) and X2 calculates it using the formula
[Y(t) - Y(t -1)] / Y(t -1).
95. Suppose Hubble Bubble's output in 2012 was greater than its output in 2011. Which
expert calculated a higher rate of growth for 2012?
(a) X1
(b) X2
(c) Both Xt and X2 calculated the same value for the rate of growth
(a) Xl
(b) X2
(c) Both XI and X2 calculated the same value for the rate of growth
/30-A . 25 [ P.T.O.
97. Suppose X2's calculations show that the rate of growth in 2012 was 5%. Which of the
following numbers is the closest to Xt's calculated value for the rate of growth in 2012?
(a) 4.76
(b) 4.79
(c) 5.21
(d) 5.26
98. Suppose Xl's calculations show that the rate of growth in 2012 was 5%. Which of the
following numbers is the closest to X2's calculated value for the rate of growth in 2012?
(a) 4.76
(b) 4.79
(c) 5.21
(d) 526
99. Suppose X2's calculations show that the rate of growth in 2012 was -5%. Which of the
following numbers is the closest to Xt's calculated value for the rate of growth in 2012?
(a) -4.76
(b) -4.79
(c) -521
(d) -526
100. Suppose Xl's calculations show that the rate of growth in 2012 was -5%. Which of the
following numbers is the closest to X2's calculated value for the rate of growth in 2012?
(a) -4.76
(b) -4.79
(c) -5.21
(d) -526
/30-A 26
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INUEE: Querlion Papers t?,0 10-2012) Rs.4Af -
jnueeqp.com
ElrTRAr{CE. 8XA}TINATIOI{, 2Ot2
t M.A. ECONOT\'IICS
058
- :-
I Fietd ,of Study Code : ECQM 1216] I
J^irne dlJotr.,ecj : 3 ltours .r.lfcrxrntunl .Irfa:rk"t : tt)0
a' '..'*-..
Candidates must-read cirefully the f<iilowing inetructions beforc attemptrng the Question Papcr :
ti) Write your Name and Registraiion Numbbr in the space provided for thc purposc on thc top of ttris
Quesrion Paper and in flre Ansrver Sheet"
(ii) Plearc derken the appropriste Circle of Questlon Paper Serles Cbdo on tho Answer Sheot.
tiiii
{iv} arkenirrg ihc correct choice,
i.e., (a) or (b) or (c) or (d) with a BALLPOINT PSN.only agairrst the corrcsponding circlc. Any ovcrwriting
or alteration will be treated as wrong.answer,
{") Each correct answer carries I mark: ?hcrc rlll bc ncgatlve marklng aad I/4 oirk *rtir be dcductcd for
cech wrong ilrtwcr.
{r,i} .amswer written by rhi candidates inside the Question Paper wilt not be evaluated. ,
{viii) RctumiheQtrestion Paper and Answer Sheet to the lnvrgilaror at the end'of the Errtrance Examinatioir,
DO I|OT rOLD TnE Ar|SWER SHpEr.
t/3o
tl-rria=r*:,
*.'..r.Q*.-+*.x. \= -
q*lr'ni{il-icc
Ho iTt = O'16
Hrin
The above aetup
(a) indicates a orlr-tailed tes! with a rejection area in fhe right tail
(b) indicates a one-tailed test with a rejection area in the left tail
(cl indica,tes a two-taited test with an acceptance region in the right tail
tdl indicates a two-tailed test with a rejection area in the right tail
(a) Rema&r".trnchanged
(b) Ineqe{su", :
a
(c) Decreaoe
2/3O
-thq*---
(a} 2%
Ho 7t= 0'16
H,I : ,t > 0. 16
The above setup
(a) indicates a oile,-tailed tes! with rejection area in lhe right tail
(b) indicates a one-tailed test with a rejection area in the left tail
(c) indicates a two-tailedi test with Ar1 acceptance region in the right tait
*, Suppoge tlrepnalty imposed for premature withdrawal of a time deposit from any
UaoL in rr, i"orro*y in"r..r."'from 17o to 2'5% of the amount of the deposit'
Everythingalse rernaining constant, what will hlppen to the transactions demand f<rr
' ttt+ gconorny?
money ln
.,
(a) .
Remat+."nchanged
6 .ar-l
:..
.,.
(b) IncrrdsE .
.i..
'
2l3O
8' In which of the ygurd the purch*e of rice be included in our
lolowin*35s
when we calculate ttrre GDp of India frorn the"eurpenditure sidei
-.- calculation
--t-"-*'-:'
{a} A residcnt Indian purchases rice to make a dosa which he sells (o his neighbaur.
He then pockets the money received
(b) A resident Indian purchases rice to make a dosa which he sells to hi*
neighbsur.
He donates the money received to a charity
(c) A foreign citizen visiting India p-urchases rice to make a dosa urhich he sells ts
:
(d) A non-resident Indian visiting India purchases rice, goes back to his country of
residence, malcee a dosa and then sellejt to his ,,.iit bo,r,
6. Ifthreecornersofaparallelogramare{1, 1}"{4,2)and{t,g},thenttrefourttrcorneris
(4, O) or {*2, 2}
Qyestio Nos. ?-1O are to be answered on tire basis of the foilgwing information :
consider a cube having to, 0, 0), {I, 0, q), (o, l, 0} and (0, 0, l; as four of its corners.
T. Which of the following is true?
{b} The othelcerner$ are t*1, -1, O), (-1, 0, -I}, {0, *1, -1} and {*1, -t, -l}
(cl ?he other cor(rerd .r" 6 *, *) *d {1, l, I}
(aI (+,
*I is the centre of the given cube
+,
tbl {*, *, *} i* the ccntrs of rh Brven cube
{c} fi:e centre of the cube cflrrrrct be determined
(d) None of the above
3/so
,
-
9. Which of the fotlowing is true?
. :-- r
Question Nos. ll-1{ are to be answered on the basis of the following inforniation :
Y -1 0 I 2
:
(b) o'15
(c) 0'20
None of the above
1O,
!2, The expected value of Y2 is
10. Consider the random variable ZxY +r2, where r is a real number. The mean of this
..randomvariableis.o'7.'Whichofthef,ollowingmustbetrue?
(a) r = 0.10
(b) r = 0.O5
{c): r2.= o'40
:.-.
-
.
4l3,O
l
* ""1.as!!ri,nrrwaiG
\,
Question Nos. 16-18 are to be answered on the basis of the following inforrnation':
The table below shows the dgmestic demand and supply conditions for cornputers in a small
country, Norway, ir1 the world colTlputer market :
Prrce {in
100r,r
t'500
5lso
.*fin;t--*-r*it "ltr'ih* -
-
9, Which of the fotlowing is true?
({i} The volume of the cube is I
(b) The volume of the cube is 6
(e) The volume of the cube is g
td) None of the above
.I
Question Nos' tl-l{ are to be answered on thi basis of the following. inforniation :
Y -1 0 I 2
P(v) 3C 2C 0.4 0-1
(a) 0. 10
:
(b) o'15
(c) 0.20
td} None of the above
:
13' Consider the random variable 2xY +r2, where r is a real number. The mean of thisl
-----:
' random variable is O'7. Which of the following must be true?
. (b) r=O.Os
' {c} r2 .= O.4o
4/SO
4
Question Nos. 16-18 are to be answered on the basis of the follorving information' :
The table below shorvs the dgmestic demand and supply conditions for cornputers in a small
country, Norr*ray, in, the world computer rnarket : a.
2000 I 600
16. In the absence o{ trade, Norway's eqgilibrium price and quanlity equd
519,0
17' ' with free trade, suppose the rest of the world can suppry computers
$ 1500. Norway's imports witt nowtq""r'I at a pnce of
absence of trade, Norway,s consumer 6o*p*r"a",o-rtii-o"curred in the
surptus *iti:;;;;;;;rptus wiu _..
(a) 1600'compuiers, decrease, incr.ease
19, Let f (x1 = {log tx ll / x, where 0 < x < 1; Then for all x, such that 0 < x < I
,B
(c) a=blz
'
,1.
tetSel+I/22+l/Sz ..t
+ r /42 + I l s2 * .... which of the following is, true?
' (cl The sum does not converge to any finite value
-' ,.
', td)
tV'one of the above
{
6lso
ZZ. Suppose there i$ no taxation in the econolny, If .S denotes private savings and I ctdnotes
investrnent expenditure in the econoffiY, which of the following is a condition for
(a) S=G
2
tb) S=I ,
(c) S*0
tcU None of the above
Za, Suppose workers consume their entire incomq and the only tax revenue comes from
il;;t-u* Airect taxes imposed otr noorworkers. Whqt is the value of the baianced
(a) 1
(b) 2.5
(c) 4
(d) None of the above
2{. Suppo$e workers consume a fraction 0'8 of their in'come and the only tax reve-nue
comes from l**P sum direct taxes imposed on non-workers. What is the value of the
balanced budget multiplier?
(a) 1
(b) 25
(c) 4
:1-
-taxes are
25, Suppose workers consume their entire incorne and the lumP $um direct
a.
, imposed on workers ratl:er than on non*workers, What is the value of the balanced
budget multiplicr?
ta)
(b) 2.5
tc) 4
7 /3O
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29' Linda is 31, single, outspoken, and yery bright. she studied philosophy
in college.
As a student, she was deeply concerned-with-discrimr".r""
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and particlpated in anti.n.r"t.", demonstra,ionrli*;iJ*;;;;il*iii",*o
*"lor il;:;;.
situations :
:(b}.'Situation(i}iisstrictIymore:likelythansituation(ii)
t"f Situation (i) is at least as likely as situation (ii)
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(,r.)
3O, x and y are real riumbeis such that x < A. Which of the follswing claims rnust be
correct?
(a) *2 ..a2
(cl x< *2
(d) None of the, above
a
Question Nos. 32-36 are to be an$wered on the basis of the following information :
.:
The names of 7 students when ranked in ascending order of their weights are 4, B, C, D, E,
F.andG.,A,sweightis45kgandG,sweightis75-kg.
g2, '.If
no pair of students has the same weight, then the median weight of the group IS
413.. If three sttrdents among B, C, D, E and F have the same weight and the remaining two
- have different weights, then the.median weight of the group of 7 students is
(a) always equal to C's weight b
3+. Suppose the name of F is deleted from the [ist. Then, if the difference in weights
between any two consecutively ranked students 0n the list is a constant positive
number, the median weight is equal to
(a) ^Bs weight
(b) the average of .Bs weigtrt and E's weight
(c) Bs ,weight or E's weight
td) None of the above
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(b) o
tba
(c) 3
(d) 4
06. Suppose tJ:e n.ame of F is deleted from the list and the difference
in weights between
any two consecutively ranked students on the list is a constant positive number'
Th; ratio betvseen thi standard deviation of the weights of the six students and the
mean absolute deviation of their weights is '
(d) indeterrninate
:-....r+ _,kEtE
(cI IesswithrepIaCementthanwithoutreplaCement
(b) equal to I / 16 l
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(a) ff= 54
(c) X=76
(d) None of the above ,\
40. Three trucks A, B and C are used' for transporting wheat' and rice. The foltowin,g
information is given :
(i) If A carried wheat, tlren B carried rice.
(iil If A carried rice, then C carried wheat,
(iii) tf ts carried wheat, then C carried rice.
Which tnrck always carrled the sarne thing?
(a) A i
tb) B
(c) c
(d) None of the above
a
tc) 10 1
t
3
t.
tF (d) 0,
t
t
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-
(il}Mr'Disonthecricketteam!
C's statements :
D is on the
cricket team
hockey team
soccer team
None of the above
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45. The person belonglng to the criclret team is
(a) A
(b) B
(c) c
td) None of the above
47. A 9 |a/o confidence interval for a population mean will $g *- a 99a/o confidence intenral
lbr the same population mean. (Both calculations are based on the same set of data.)
(a) longer than
48, The equilibrium rent for t*t-bedroom apartments' is Rs 1,500 per ,month, If the city
government imposes a price ceiling' of Rs 1,600 per month on rents, which of the
-
I
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il
td) None of the above
t
l
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i
49. Continue the following number series with the Broup of numbers below which best
continues the series :
l: 1103 9587796
I
*
I
II
I
I
ta) 11 5
I.
I
(b) 10 s
t
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it
(c} 10 4
t
i
(d) 11 6
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(c) -* (d)
i
t.
12 36
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.
it:
.,
:
from I to 100, how many ?s wiU you pass on the way?
(al 11 'F) le j
: . (c)' 2o (d) 2r
l
;.
i
,S2.
: Four years ago, Arka wag twice as qld as Saina, Four years on from now, Saina will be
f of Arka's age. How old is lirka now?
:
(c) 16 (d) rT
54. Tluo men, btarting at the same point, walk in opposite directions for 4 meters, turn left
and walk anoth.ei 3 meters. What is the distance.between them?
ES. .ln a lake, there is a patch of lily pads. EVeryday, the patch doubles in-sPe-' If it"takes
- r.
4g days ior the patch to cover the entirc lat<e, how long would it take'for the patch to
cover half the lake?
(a) 24 daYs
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j
Question Nos. 56-58 are to be arrswered on the basis qf the following infolmation :
In a two-good world, there is an individual with income m = 3 and uiility function is given by
u(x, g) = x.0'tyo't.ft,q price of good x is I per unit and the price of good y is also I per unit.
56. If the.individual can consume any non-negative amount of goods x and g, then the
optimum consumption bundle is
{al x=1, Y=1
(bl x=l'5, y=1.5
tc) x=2'5, U=0'5
{d} x=0,9=3
5,?. If the individual can consurne either zero unit of good x or at most one unit of x and
any non-negative afnount of good A, then the optimum consumption bundle iq
(a) r=1, y= l
(b) x=1, U=3
(c) x*O, g=3
{al x=3, U=O
58. If both goods x and y can be consumed only in integer amountq (i.e., zero unit, one unit,
two units, etc.), then the optimum consumption bundle is
(a) x=3, g=1 .
Question Nos. 59-61 are to be answered on the basis of the following information
!
:
A firm produces a certain good and has two plants. 'Io produce Ul units of, the good in plant 1.,
the total cost for the lirm is crth} = Ur x yl , To produce Un units of the good in plant 2, ,l* total
cost for the firm is cilAzl = Az x Az.
59. Suppose the lirm produces output yat minimum cost. Which of the following is true?
(a) All of the output is produced.in one of the two plants
,:
(b) Output y 12 is produced in plant 1 and output g /2 is produced in plant 2
:
(c) Alt divisions of output y between the two plants result in the same cost for the firm
(d) None of the above
i
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ta) 3
(b) 0
(c) 6
'a solution
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(b) xl xx2
real numbers
63. Let/beatwicedifferentiablereal-valuedfunctiondefin-edonthesetofall
greater than or *o,r*"*til;J ih"" or equal to 1. $uppose / lttains the ma:rimum
value in.its
'"*" 'of the foltowing must be qo.?
wt,i"t,
ao*.i,,-*t;*'
...
(a) f 'lx' )= o
(b) !"lx*).0
tc) x* =0orx =1or
(d) None of the above
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Question Nos. 64-66 are to be an$wered on the basis of the ficllowing'inforryation :
A relation / from set X to set Z is a function if and only if for every'element x in X there is
a unique element zin Z such that x and z are associated through f .X is called the domain of
./ and Z the codomain of /. The range of f is the set of alllelements in the codomain which
areassociatedwith.atleastonetilementinthedomain.
/ is a surjective function if and only if every element in the codomain has an association in the
domain. / is an injective function if and only if nb two distinct elements in'the domain are
associatedwiththesameelernentinthecodomain.
Consider the following statements :
. ti) There exists an element x in the domain'of / such that no element in the codomain
is associated with it. l
(ii) There exists an eleiaent x in the domain of f and two distinct elements' z aortd rl in the
codomain of / such'that both z afrd w are associated with x,
(c)
t
The range of a surjective function is equal"to its codomain only if it is injective also
td) One of the conditions under whibh the range of a surjective function is equal to its
codomain is that. the function is injective also
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(d) Notte of the above
68. For what value of r# is it optimal for the {irm to hire 10 units of labour?
i
(a) o :
tb) 20
69. Assttme that L{r = 16. Then the profits of the firm equal
(a) 2 jnueeqp.com
{b} s6
(c) 4
(d) None of the above
information :
euestion,Nos. ZA-75- are to be answered pn the'basis of the following
giving
Ms, Chi can repay a loan taken from Mr. Tao either by giving him u kg of gold toda-v or by
him u kg of gola after two yed.1s, The price of gold today is Rs x per gram. Ms. Chi is certain
that after two years the price of gol$ witl be Rs g per gram. If Ms. Chi chooses to repay the loan
period
after two y"*r", she will open a fixed deposit account at her bank today with a maturity
of two years and use the lroceeds at maturlty to purchase the necessary gold. Interest
on such
for
a deposit is compoundedlannually and is paia on the date of maturity, The.rate of interest
a two-year fixed deposit is r percent per annum. Every year the interest paid into IvIs. Chi'S fixed
deposit account wiil be taxed at the'rate of t percent. Ms. Chi will decide when to repay the loan
on- the basis of which optign will cost her the least amount-of money today'
?O. If u=u=0.16; xi2OOO, y=2500, r=72'5, f =b, when will Ms' Chi repay the loan?
(a) Today i;,
(b) After two- Years
".(c)Shewi1ibeindifferentbetween(a}and{b}
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'72, If u=t), f,=2000, !=2500, f = 12.S, f = 0.04, when will Ms. Chi repay the [oan?
(a) Today
tb) . After two years
{c} She will be indifferent between (a) and tb)
(a) To,Cay
(b) After two years
(c) thr wjll be indifferent between (a) and {b}
(d) More information is necessary to provide the answqr
74, ,'lf Lt C 0.16,usQ.165,f,s2000, A = 2500, f= L2, f e 0, when will Me, Ctii repey the loan?
(a) Today
.,
73,
,
If u = g. 16, u s 0, 163, x =2000, g=r500i r=L2, f = 0'_04, when will IvIs. Chi repay the
lpan?
ta) Today
Le/8O
l 990 39 32
19q5 47 39
- ,16, In which period did the economy have the highest rate of growth of real GDP?
(a) 197Wo
{d) 19e0-9s
'
77. In which period did'the economy have the lor*'est rate of growth of real GDP?'
ta) 1975-80
{b} 1980'-85
(c) 1985*90
1-
td) 1990*95
Zg, If th'e^ GDP- de{lator is taken as the price index for the eccnomli, in how many of
the periods 1g75-go, l98O-85, 1985-90 and l99O-95 did the economy experience
deflation? ' *
-*.
(c) 3
78, If the GDP def-lator is taken as the price index for the econorn!; in how many of
the periods lgZS-80, 1980-85, 1985-90 and i990-95 did the economy experience
' inflation?
{b} 2
{d} 4
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8o' In a two-good world, a consumer's preferences over commodities
be represented by the utility functi,on t)(x, xr1= rtrli.'rr,*'*i.r. i and 2 can
The consumerrs income is known to be very xl, x, ) 0.
irighi'thln, the demand foi good l disprays
81. I-n- a two-good world, suppose' that the price of one good decreasis. Which of the
{d) The slutslqy equation does not deal with income effects at all
Question Nos. 82-87 are to be answdred on the basis of the following information
:
2t/3o
\,_
, {a) the optimum consurnption of commodity I increases by !"3 and the optimum
consumption of cCImmodity 2 increases by I
3
3
i
85. Suppose the price of commodity 2 reduces to 1 while the price of the other commodity
and the consurner''s :main unchanged. The substitution effect according to
Stutslry of this Price change on the optimal amount of commodity 1 is
(a) *1
(b) 2s
tc) -2s
(d) 0
86. Suppose the price of commodity 2 reduces to 1 while the price of the other commo<iig
, and the gonsumerls income remain unchanged- The inc.ome effect according io $fur$$=
of this price change on the optimal amount of-com'nodity 1 is
(a) o
tb) 2s
(c) -25
(d) *1
g?" The equation of the incorne expansion path for the consumer is
.a tt
tc) xr =x2
None of the above
22 l3,O
88. Suppose all'villagers are given free access to the field. This means that any villager
'can'buy as many cows d6 she wants,
lraze her cows on the field, and sell ihu *-11t6
ob.tained from her cows. In equilibrium,'the total nrimber of iows bought by villagers
and grazed on the field equals
(a) 4
(b) 5
(c) 7
(d) None of the above
90. If villagers are given free access td the field, the aggregate income of the village, in
equilibrium, equals
(a) o
(b) 48
91.Assumethatthevillagersimplementthefollowingrule:
. Each time a person buys a cow, she mu.st pay Rs t to the village council, Thus, a person
incurs a cost of Rs 11 + t for. each'cow th.at she buys.
For which of the following values of f will the eqr.tilibrium number of cows bought and
grazed on the field equal the number that maximizes the village's aggregate income? '
11 11
(b) 6
{c} o
(d) None of the above
23/30
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td) Rs
93. The function /(x) approaches infinity as x approaches infinity and the limit of the
derivative of the function /(x) is 0 as x approaches infinity. What is the limit of f (xI I x
as x approaches infinitY?
(a}. Infinity
(b) 0
(c), I
(d} Cannot be determined
(b) (*'", U
(c) t-L U
95, What is the value of the derivative of the function [(2x+! /Qx- 0l''"t x71'5?
(a) -4
(b) -2
96. Suppose .f (xl = a1x + a2 + @g / xl, where 'at, a2 and aa are positive constants 11d-x ts
to take' only positive values, Whicli of the following statements is true?
(aI /(x) has a minimum value brit no maximum value
(bl /{x} has a manimum value but no minimum value
i
t
24lso
(b) 2
Question Nos. 98-1OO are to be answered on the basis of the following paragraph from the
Economic Surey, 2010 :
India is a country which will be severely'impacted by climate change. This puts additional
hurdles in its developmental path in addition to the challenges of povert5r eradication and
growing population. The projected impacts of climate change cut across various sectors, natural
system suchlas coastal aTeas, wat'er resources, forests, agriculture and health. With l"1g_:
"
agrarian population, India is vulnerable to changes in weather parameters, Futther, rainfall
variability bnd melting of glaciers will impact replenishment of 'rivers, thereby affecting
availability of water in river basins and watersh€ds. In India, most of the rivers flowing ih
the northern regions are dependent on snow ahd glacial melt; thus climate change threatens
the perennial nature of these riveqs,. This has huge implications -for agriculture and allied
activities and resultant livelihoods. This is a serious concern for an economy that is tied to
its natural resources base along its developmental path'
9,9, 'It is. argued in the paragraph that climate change will by itself
(a)
a,
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