(1) If more & more capital and labour are applied to a fixed piece of land, the system of cultivation of farming is known as -
A) Intensive cultivation
B) Extensive cultivation
C) Cooperative farming
D) Double cropping
Ans) A
(2) Mention the crop where Green revolution is most successful one -
A) Tea & Coffee
B) Wheat & Rice
C) Wheat & Pulses
D) Jowar & Oilseeds
Ans) B
(3) Which of the following is not an item of social security of labour ?
A) Wage
B) Maternity benefits
C) Pensions
D) Industrial injury compensation
Ans) A
(4) Which of the following is correct about the Contingent Valuation Method (CVM) used in Environmental Economics ?
A) It is only for pollutants.
B) It is used only for items with positive utilities.
C) It is used for items under market failures.
D) It is used only for natural resources.
Ans) C
(5) Which among the following is not a cause of sickness of Industrial units in India ?
A) Obsolescent technology
B) Lack of capital account convertibility
C) Labour problems
D) Faulty location
Ans) B
(6) Assertion (A) : In India, the traditional small scale industries have greater employment potential than the modern small scale industries.
Reason (R) : The value of capital per worker in traditional small scale industries is small than the value of capital per worker in modern small scale industries.
Codes :
A) Both (A) and (R) are true and (R) is the correct explanation of (A).
B) Both (A) and (R) are true, (R) is not the correct explanation of (A).
C) (A) is true, but (R) is false.
D) (A) is false, but (R) is true.
Ans) A
(7) Which of the following facts are correct about the Competition Commission of India ?
I) It was established in 2003.
II) It was established on the recommendations of Reghavan Committee.
Codes :
A) Both I and II are true.
B) Both I and II are not true.
C) Only I is true.
D) Only II is true.
Ans) A
(8) Which is false in following ?
A) The duration of the Tenth five year plan was 2002-07.
B) Ryotwari tenure has been the intermediary in Indian land system.
C) Zamindari system was introduced by Lord Dalhousie.
D) Mahalwari land tenure system was introduced in Agra and Oudh.
Ans) C
(9) Including relevant lagged values of the dependent variable on the right hand side of a regression equation could lead to which one of the following ?
A) Biased but consistent coefficients' estimates
B) Biased and inconsistent coefficients' estimates
C) Unbiased and inconsistent coefficients'estimates
D) Unbiased and consistent coefficients' estimates
Ans) B
(10) In the production function Q = AL^a K^b match the following :
List-I
a) a+b =1 b) Elasticity of substitution c) Labour elasticity of output d) Capital elasticity of output
List-II
i) a ii) b iii) Constant returns to scale iv) One
Codes :
a b c d
A) i ii iii iv
B) i iii ii iv
C) iii iv i ii
D) ii iii iv i
Ans) C
(11) Match the following :
List-I
a) Box-Jenkins b) Unit-root test c) Durbin-Watson 'd' statistics d) Granger Test
List-II
i) Casuality method ii) Forecasting iii) Stationarity iv) Auto-correlation
Codes :
a b c d
A) iii i ii iv
B) ii iii iv i
C) i ii iii iv
D) iv i ii iii
Ans) B
(12) In the context of simultaneous equations econometric models, consider the following statements :
i) Identification is a problem to be dealt with before estimation.
ii) Order condition is necessary but not a sufficient condition of identification.
iii) Two-stage least squares method of estimation gives consistent estimators if the equation is under-identified.
iv) Under indirect least squares method least squares, least squares method is applied to reduced from equations.
Which of the following is correct ?
A) i and ii
B) i, ii, iii and iv
C) i, ii and iii
D) i, ii and iv
Ans) D
(13) Simplex method is used for solving the problems of -
A) Linear programming
B) Input-Output analysis
C) Regression
D) Correlation
Ans) A
(14) Given the LM function is Y = 100 + 10i and the IS function is Y = 160 - 20i, find the correct value of equilibrium level of income and rate of interest from the given options.
A) 120 and 2
B) 90 and 3
C) 150 and 2
D) 120 and 3
Ans) A
(15) Even as fixed average cost continues to fall, the average variable cost begins to rise because -
A) Returns to factors start diminishing
B) Returns to factors start rising
C) Input prices start rising
D) Producers budget starts shrinking
Ans) A
(16) Consider the following statements :
I) The lowest point on the long run average cost curve is known as minimum efficient scale.
II) It is the output at which long run average cost curve stops falling.
Choose the correct option from the code given below :
Codes :
A) Both I and II are correct.
B) Both are wrong.
C) Only I is correct.
D) Only II is correct.
Ans) A
(17) Which among the following conditions are true for Golden rule of accumulation of Edmund Phelps for Optimum capital accumulation ? Choose from the code below :
I) Savings rate is unique. II) Marginal productivity of capital be equal to capital depreciation.
Codes :
A) Both are true.
B) None of these are true.
C) Only I is true.
D) Only II is true.
Ans) A
(18) Which among the following were neglected by Keynes in his theory of employment ?
A) Role of expectations
B) Role of capital stock
C) Role of consumption
D) Role of government
Ans) B
(19) The theoretical proposition of stable velocity of money is is being weakened by the recent researchers. This has the effect of weakening the position of -
A) Keynesians
B) Monetarists
C) New classicals
D) Utopeans
Ans) B
(20) In the steady state growth situation in the Solow's model of growth, the upper limit to growth would be determined by the growth rate of -
A) Population (Labour supply)
B) Capital
C) Output
D) Capital and output
Ans) A
0 Comments