1. Which one of the following is incorrect? 1) lmmiserizing Growth – Jagdish Bhagwati 2) Reciprocal demand curves – J.S.Mill 3) Effect of trade on factor prices – Samuelson 4) Effect of trade on the distribution of Income – Stopler and Samuelson 2. Under unstable foreign exchange market, BOPs surplus of nation will be eliminated
1. Faster, More inclusive and sustainable growth are objectives of which plan of India? 1) 10th Five Year Plan 2) 11th Five Year Plan 3) 12th Five Year Plan 4) None of these 2. Which of the following is not related to Pradhan Mantri Jan-Dhan Yojana: 1) Interest on deposits 2) Overdraft facility upto Rs.
1. Zero substitutability between the inputs is assumed by (a) Input-output Isoquant (b) Convex Isoquant (c) Kinked Isoquant (d) Concave Isoquant 2. If the Cobb-Douglas function is of the form X=2L2K, then what is MPL at L=10 and K=20? (a) 1000 (b) 800 (c) 1200 (d) 600 3. If price is Rs.10 and supply is
1. What are the conditions for gain from International Trade? (a) No obstacles in the investment of commodities between countries. (b) Exist perfect competition. (c) Internal & External economies of production. (d) All of these 2. Which of the following is not a property of normal indifference curve? (a) Negative slope (b) Convex to the
1. Assertion (A) 1 Money is a link between the present and the future. Reason (R) : Money is a store of value. (A) Both (A) and (R) are true and (R) is the correct explanation of (A). (B) Both (A) and (R) are true and (R) is not the correct explanation of (A). (C)
1. The field of sustainable development can be conceptualised as (A) environmental sustainability only. (B) economic sustainability only. (C) Socio-political sustainability only. (D) environmental, economic and socio-political sustainability. 2. Environmental Audit is the procedure to (A) analyse the use of natural resources by all. (B) analyse the use of natural resources by industry. (C) assess
1. In the Bertrand two good model with homogenous (A) p1 = p2 = c at equilibrium (B) p1 = p2 ≠ c at equilibrium (C) p1 = p2 > c at equilibrium (D) p1 ≠ p2 at equilibrium 2. External economies are witnessed in (A) a rising supply curve (B) a rising demand curve
1. Total utility curve is (A) convex to X-axis. (B) concave to X-axis. (C) concave or convex depending on situations. (D) concave to Y-axis. 2. In a cartel form of market (i) producers always stick to the agreement. (ii) producers may have a tendency to break away from the agreement. (iii) producers’ tendency to break
1. Suppose in the short run MC = b. Then (a) AC = MC (b) AC > MC (c) AC approaches MC as quantity rises MC = AVC (A) only b is true (B) only b and c are true (C) d, b and c are true (D) only d is true 2. In the
1. In Keynesian consumption function, the property shows (A) MPC = APC (B) MPC < APC (C) MPC > APC (D) APC is Zero 2. To achieve a rise of income of 500, given MPC= 0.8, how much should be the rise in government expenditure in a simple Keynesian model? (A) 200 (B) 300 (C)
