ii test booklet serial no. : economics test subject code k-0313...

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Test Paper : II Test Subject : ECONOMICS Test Subject Code : K-0313 Test Booklet Serial No. : _______________________ OMR Sheet No. : _________________________________ Roll No. (Figures as per admission card) Name & Signature of Invigilator/s Signature: ____________________________________ Signature : ___________________________________ Name : ____________________________________ Name : ___________________________________ Paper : II Subject : ECONOMICS Time : 1 Hour 15 Minutes Maximum Marks : 100 Number of Pages in this Booklet : 24 Number of Questions in this Booklet : 50 K-0313 1 ±Üâ.£.®æãà./P.T.O. Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of fifty multiple-choice type of questions. 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. 4. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the oval as indicated below on the correct response against each item. Example : A B C D where (C) is the correct response. 5. Your responses to the questions are to be indicated in the OMR Sheet kept inside the Paper I Booklet only. If you mark at any place other than in the ovals in the Answer Sheet, it will not be evaluated. 6. Read the instructions given in OMR carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your name or put any mark on any part of the OMR Answer Sheet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 9. You have to return the test OMR Answer Sheet to the invigilators at the end of the examination compulsorily and must NOT carry it with you outside the Examination Hall. 10. You can take away question booklet and carbon copy of OMR Answer Sheet soon after the examination. 11. Use only Blue/Black Ball point pen. 12. Use of any calculator or log table etc., is prohibited. 13. There is no negative marks for incorrect answers. A»Ü¦ìWÜÚWæ ÓÜãaÜ®æWÜÙÜá 1. D ±Üâo¨Ü ÊæáàÆᤩ¿áÈÉ J¨ÜXst ÓܧÙܨÜÈÉ ¯ÊÜá¾ ÃæãàÇ ®ÜíÃÜ®Üá° ÃæÀáÄ. 2. D ±Ü£ÅPæ¿áá ÖÜá BÁáR Ë«Ü¨Ü IÊÜñÜᤠ±ÜÅÍæ°WÜÙÜ®Üá° JÙÜWæãíw¨æ. 3. ±ÜÄàPæÒ¿á ±ÝÅÃÜí»Ü¨ÜÈÉ , ±ÜÅÍæ ° ±ÜâÔ¤ Pæ¿á®Üá° ¯ÊÜáWæ ¯àvÜÇÝWÜáÊÜâ¨Üá. Êæã¨ÜÆ 5 ¯ËáÐÜWÜÙÜÈÉ ¯àÊÜâ ±ÜâÔ¤Pæ¿á®Üá° ñæÃæ¿áÆá ÊÜáñÜᤠPæÙÜX®Üíñæ PÜvÝx¿áÊÝX ±ÜÄàQÒÓÜÆá PæãàÃÜÇÝX¨æ. (i) ±ÜÅÍæ ° ±ÜâÔ¤PæWæ ±ÜÅÊæàÍÝÊÜPÝÍÜ ±Üvæ¿áÆá, D Öæã©Pæ ±Üâo¨Ü Aíb®Ü ÊæáàÈÃÜáÊÜ ±æà±Üà ÔàÆ®Üá° ÖÜÄÀáÄ. ÔrPÜRà ÔàÇ CÆÉ¨Ü ±ÜÅÍæ °±ÜâÔ¤Pæ ÔÌàPÜÄÓܸæàw. ñæÃæ¨Ü ±ÜâÔ¤Pæ¿á®Üá° ÔÌàPÜÄÓܸæàw. (ii) ±ÜâÔ¤Pæ¿áÈÉ®Ü ±ÜÅÍæ°WÜÙÜ ÓÜíTæ ÊÜáñÜᤠ±ÜâoWÜÙÜ ÓÜíTæ¿á®Üá° ÊÜááS±Üâo¨Ü ÊæáàÇæ ÊÜ áá©Åst ÊÜ Þ×£Áãí©Wæ ñÝÙæ ®æ ãàwÄ. ±Ü âoWÜ ÙÜ á/±Ü ÅÍæ ° WÜ ÙÜ á PÝOæ ¿Þ¨Ü , A¥ÜÊÝ ©Ì±ÜÅ£ A¥ÜÊÝ A®ÜáPÜÅÊÜáÊÝXÆÉ¨Ü A¥ÜÊÝ CñÜÃÜ ¿ÞÊÜâ¨æà ÊÜÂñÝÂÓÜ¨Ü ¨æ ãàÐÜ ±Ü äÄñÜ ±Ü âÔ¤Pæ ¿á®Ü á° PÜ ãvÜ Çæ 5 ¯ËáÐÜ ¨Ü Ü Ü Wæ , ÓÜ íËàPÜ ÒPÜ Äí¨Ü ÓÜ Ä CÃÜáÊÜ ±ÜâÔ¤PæWæ ¨ÜÇÝÀáÔPæãÙÜÛ¸æàPÜá. 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Page 1: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Test Paper : II

Test Subject : ECONOMICS

Test Subject Code : K-0313

Test Booklet Serial No. : _______________________

OMR Sheet No. : _________________________________

Roll No. (Figures as per admission card)

Name & Signature of Invigilator/s

Signature: ____________________________________ Signature : ___________________________________

Name : ____________________________________ Name : ___________________________________

Paper : IISubject : ECONOMICS

Time : 1 Hour 15 Minutes Maximum Marks : 100

Number of Pages in this Booklet : 24 Number of Questions in this Booklet : 50

K-0313 1 ���������/P.T.O.

Instructions for the Candidates1. Write your roll number in the space provided on the top of this page.

2. This paper consists of fifty multiple-choice type of questions.

3. At the commencement of examination, the question booklet willbe given to you. In the first 5 minutes, you are requested toopen the booklet and compulsorily examine it as below :

(i) To have access to the Question Booklet, tear off the paperseal on the edge of this cover page. Do not accept a bookletwithout sticker-seal and do not accept an open booklet.

(ii) Tally the number of pages and number of questionsin the booklet with the information printed on thecover page. Faulty booklets due to pages/questionsmissing or duplicate or not in serial order or anyother discrepancy should be got replaced immediatelyby a correct booklet from the invigilator within theperiod of 5 minutes. Afterwards, neither the QuestionBooklet will be replaced nor any extra time will be given.

4. Each item has four alternative responses marked (A), (B), (C)and (D). You have to darken the oval as indicated below on thecorrect response against each item.

Example : A B C D

where (C) is the correct response.

5. Your responses to the questions are to be indicated in the OMRSheet kept inside the Paper I Booklet only. If you mark at anyplace other than in the ovals in the Answer Sheet, it will not beevaluated.

6. Read the instructions given in OMR carefully.7. Rough Work is to be done in the end of this booklet.8. If you write your name or put any mark on any part of the OMR

Answer Sheet, except for the space allotted for the relevantentries, which may disclose your identity, you will render yourselfliable to disqualification.

9. You have to return the test OMR Answer Sheet to the invigilatorsat the end of the examination compulsorily and must NOTcarry it with you outside the Examination Hall.

10. You can take away question booklet and carbon copy of OMRAnswer Sheet soon after the examination.

11. Use only Blue/Black Ball point pen.12. Use of any calculator or log table etc., is prohibited.13. There is no negative marks for incorrect answers.

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Page 2: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

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1. U/8 KK V�B ���

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(B) E05I���5�<���O� �

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Paper II 2 K-0313

4. `�5����N���a2������ ����" ����Y�������� �B !�2��]�����b)���*.5�������%

(A) <����0

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(A) Q = AKa Lb

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(D) K = Bb ALa

������ Total Number of Pages : 24

Page 3: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 3 Paper II

Q. No. 1 to 10 : Read the following questionsand choose the correct answers from the

options given below these questions.

1. Identity is also known as

(A) Function

(B) Production function

(C) Proportional changes

(D) Accounting relationship

2. Marshallian concept of elasticity of

demand is known as

(A) Price elasticity of demand

(B) Income elasticity of demand

(C) Substitution elasticity of demand

(D) Cross elasticity of demand

3. Additional quantity bought due to on

additional increase in real income is

(A) Price effect

(B) Substitution effect

(C) Income effect

(D) Consumption effect

ECONOMICSPaper – II

Note : This paper contains fifty (50) objective type questions. Each question carriestwo (2) marks. All questions are compulsory.

4. That the property, indifference curves never

intersect is based on the assumption of

(A) Non-stability

(B) Transitivity

(C) Both (A) and (B)

(D) Diminishing marginal utility

5. The downward slope of indifference

curve indicates that

(A) Consumer can have more of both

goods

(B) Consumer can have only less of

both goods

(C) Consumer cannot have more of both

goods

(D) Consumer has less income to buy

both goods

6. Identify the correct form of

Cobb-Douglas production function.

(A) Q = AKa Lb

(B) P = ALa Kb

(C) B = Kb ALa

(D) K = Bb ALa

������ Total Number of Pages : 24

Page 4: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 4 K-0313

������ Total Number of Pages : 24

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12. �5ds����EF05��������1�%�6.0���0���! 8�5���E0�I��"��<����50����1�%�3.0�*���7)5N��8�e8���������C��$���b)�� 07*tD(�0���A���G2���������

a) 0.5%

b) 2%

c) 18%

d) 3%

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(B) a) ��0����c)

(C) b)

(D) b) ��0����d)

Page 5: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 5 Paper II

������ Total Number of Pages : 24

7. Which one of the following is not anassumption of Classical Economics ?

(A) State intervention

(B) Full employment

(C) Perfect competition

(D) Price-wage flexibility

8. Average propensity to save is

(A) Ratio of savings to investment

(B) Ratio of price to disposable income

(C) Ratio of total income to disposableincome

(D) Ratio of savings to disposableincome

9. The ‘liquidity trap’ refers to a situationwhen the demand for money is

(A) Infinitely elastic with respect to rateof interest

(B) Infinitely elastic with respect toincome

(C) Perfectly elastic with respect to rateof interest

(D) Perfectly inelastic with respect toincome

10. ‘Permanent income’ hypothesis isidentified with

(A) Dusenberry

(B) J. M. Keynes

(C) Milton Friedman

(D) M. J. Farrel

Q. No. 11 to 20 : Read the following questionsand select the correct option for the answer fromthe list given below :

11. Monetary dimension of business cycle

is discussed by

a) R. G. Hawtrey

b) D. Ricardo

c) Von Hayek

d) P. A. Samuelson

Codes :

(A) a) and b)

(B) a) and c)

(C) b) and c)

(D) a) and d)

12. If the national saving rate is 6% and the

capital output ratio is 3%, then as per

Harrod-Domar Model prediction, the

economy will grow at

a) 0.5%

b) 2%

c) 18%

d) 3%

Codes :

(A) a) and b)

(B) a) and c)

(C) b)

(D) b) and d)

Page 6: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 6 K-0313

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13. �C����<u�H�v2���� ! k���5��S�ND�*.5$0�

��Hd>(��������"����3������

a) B�L�%�)�(�,���0����<�C0�ND�����

b) ����������0���� �(5��

c) K%�*��%�1����>w l ���0���������

d) B%� �-�����0�����A���>w Z��

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(A) a)

(B) a) ��0����b)

(C) c) ��0����d)

(D) d) ��0����a)

14. )�](5������&������=2����

a) )�]���0���)��

b) (���

c) 2�G

d) A5N ;���A5.�N0���0����*��7�<�5I�k���'&n�

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(A) a) ��0����b)

(B) b) ��0����c)

(C) a) ��0����c)

(D) a) ��0����d)

15. ��������<u�H�v�B ���

a) < 0����[�5 ���������0

b) [�5 2�������������0

c) ‘0’�<u�H�v�����

d) �����A���G2�������

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(D) a)

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��'����0���3���������

a) �C����!8�0�������=

b) !)��e*�C���!8�0�������=

c) �C����� =0�����=

d) � 2��<u�H�v�����=

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(A) a) ��0����c)

(B) b) ��0����c)

(C) a) ��0����d)

(D) b)

Page 7: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 7 Paper II

������ Total Number of Pages : 24

13. Capability approach to human

development is given by

a) M. Haq and Amartya Sen

b) Romer and Lucas

c) T. R. Schultz and Sen

d) A. Lewis and Leibenstein

Codes :

(A) a)

(B) a) and b)

(C) c) and d)

(D) d) and a)

14. Indicators of Monetary Policy are

a) Money base

b) Wages

c) Rent

d) Bank liabilities and assets, short

term returns

Codes :

(A) a) and b)

(B) b) and c)

(C) a) and c)

(D) a) and d)

15. Sustainable development implies

a) Inter-generational equity

b) Intragenerational equity

c) ‘0’ growth rate

d) Stable growth rate

Codes :

(A) a) and c)

(B) a) and d)

(C) b) and c)

(D) a)

16. Sabina Alkire and James Foster

developed

a) Human Poverty Index

b) Multi-dimensional Poverty Index

c) Human Deprivation Index

d) Gender Development Index

Codes :

(A) a) and c)

(B) b) and c)

(C) a) and d)

(D) b)

Page 8: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 8 K-0313

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17. U(�&��< ����A���G2�V�����$(� I������"[��r'��2�F�������

a) �����

b) ��������0�����C(�lD

c) B�����0���� �-��

d) )5N��8�

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(C) d)

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18. ! 8�5�����PZ-(���� +��[������$(� I������"

��������(�������(5]!)�����

a) [�������t��$

b) <S�D15��g

c) �5���(5Nr���

d) ����*n����9���

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(B) a) ��0����d)

(C) a) ��0����b)

(D) c)

19. -����L��AM������� U?�� �$�t��$V

��Hd>(���������'(5��7���2�����R3���>�(����^�����

___________ ���2� 3���0���%

a) ��.�N�&D���m�

b) < O�O�\

c) !3:�O�\

d) !3:e*�5��

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(A) a), c), d)

(B) a), b), c)

(C) b), d), a)

(D) b), c), d)

20. ��� (����������C 1����< 2�2����

a) )O��\�$����C 1����� (�

b) 2�$9�_� ���'�C]���*�������2�����3�� �7

� ������1�����C 1����� (�����2�-k����

���C 1�

c) ���C 1������������ (�

d) ���C������C 1����� (�

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Page 9: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 9 Paper II

������ Total Number of Pages : 24

17. The concept of ‘Knife Edge Growth’ waspopularised by

a) Solow

b) Solow and Marx

c) Arrow and Lewis

d) Harrod

Codes :

(A) b) and c)

(B) a) and d)

(C) d)

(D) b) and a)

18. The concept of organic composition of

capital is found in the Book

a) General Theory

b) Economics

c) Das Capital

d) Wealth of Nation

Codes :

(A) b) and c)

(B) a) and d)

(C) a) and b)

(D) c)

19. William Baumol, in his Inventory TheoryApproach claimed that holding cash

involved

a) Brokerage fee

b) Postage charges

c) Interest charges

d) Interest - income

Codes :

(A) a), c), d)

(B) a), b), c)

(C) b), d), a)

(D) b), c), d)

20. The components of Tariff Rate Quota are

a) An over Quota Tariff

b) A Quota that defines a maximum

volume of imports charged by the

nation within Quota Tariff

c) A within Quota Tariff

d) An equal Quota Tariff

Codes :

(A) a), b), d)

(B) a), c), d)

(C) b), c), d)

(D) a), b), c)

Page 10: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 10 K-0313

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21. �����,&����(A) :���������'A�.�����5@��N���0��Z�i�K���-x9�>2��] (�4]5��%

<"������(R) : ������ ��'A�.����E��N��2����C�5���)52���*�5������")=\�� ����)5��52��0���%

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<"������(R) : EF05������"�E0��p���5����0����)�]�����i�Z(�)O��\0���%

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23. �����,&����(A) : A��0��y���������B ����)=\��A������"��)� ��(����^�����

<"������(R) : �Z[�)�]����LM N����"�2�F�� ���:NV��H(A) (A) ��$���0����(R) ��$7�*����(R) (A) 2

��$�C���E0�����< �(B) (A) ��$���0����(R) ��$�C���E0����(C) (A) ��$���0����(R) ��$�� �(D) (A) ��$�� ��7�*����(R) ��$

24. �����,&�����(A) : � ������D9�>���LM N��7<���(�'��G(�����‘0’ *���p+���CNK'(��-�������"�(�,�C8� ���5.�N- ��%

<"������(R) : �LM N2����<���C��5����0��%

��:NV��H(A) (A) ��$���0����(R) ��$7�*����(R) (A) ��

��$�C���-���W�� �(B) (A) ��$7���0�����(R) ��$�C���-���W(C) (A) ��$7�*����(R) ��$�� �(D) (A) ��$�� ��7�*����(R) ��$

25. �����,&����(A) : �5���l���a����-O� ������"��a5�=0�'������ (��<.�N�����C8����-.5��5��%

<"������(R) : �5���l���a�����"-0���W�������<���C��0��<.�N����(5,��!�����52��0���%

��:NV��H(A) (A) ��0����(R) B��8�����$7�*�����(R)

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��$�C���-���W(D) (A) ��$�� �����0�����(R) ��$

Page 11: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 11 Paper II

������ Total Number of Pages : 24

Q. No. 21 to 30 : Read the followingquestions and select the right combination ofAssertion (A) and Reason (R) from thecodes given below :

21. Assertion (A) : Product differentiationis the characteristicfeature of Monopolisticcompetition.

Reason (R) : Product differentiationhelps firms to increasesales and revenue.

Codes :

(A) (A) is right, (R) is a wrongexplanation

(B) Both (A) and (R) are correct, (R) isthe correct explanation of (A)

(C) Both (A) and (R) are correct, but (R)is not the correct explanation of (A)

(D) Both (A) and (R) are correct, but (R)is not the reason

22. Assertion (A) : Interest rate variesdirectly with themoney multiplier.

Reason (R) : Savings areencouraged andsupply of moneyincreases.

Codes :

(A) (A) is correct and (R) is correct, but(R) is not the right explanation of (A)

(B) (A) is correct and (R) is the correctexplanation

(C) (A) is correct , but (R) is an incorrectexplanation

(D) (A) is incorrect, but (R) is correct

23. Assertion (A) : Deflating is adjusting avalue that is inflated.

Reason (R) : To get the real moneyvalue.

Codes :

(A) (A) is correct and (R) is correct. But(R) is not the right answer for (A)

(B) (A) is correct and (R) is the rightanswer

(C) (A) is correct and (R) is incorrect

(D) (A) is incorrect, but (R) is correct

24. Assertion (A) : Geometric Mean cannot be calculated if aparticular value in aseries is ‘0’.

Reason (R) : The values will beunequal.

Codes :

(A) (A) is correct and (R) is correct, but(R) is not the right explanation of (A)

(B) (A) is correct and (R) is the rightexplanation

(C) (A) is correct, but (R) is incorrect

(D) (A) is incorrect, but (R) is correct

25. Assertion (A) : Lorenz curve is agraphic method ofstudying dispersion.

Reason (R) : Lorenz curve is used inthe study of inequalityin the distribution.

Codes :

(A) Both (A) and (R) are correct, but (R)is not the correct explanation of (A)

(B) (A) is correct (R) is not correct

(C) (A) and (R) are correct and (R) isthe correct explanation of (A)

(D) (A) is incorrect and (R) is correct

Page 12: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 12 K-0313

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26. �����,&����(A) :!)���C��N�����(��2�F2

$�C#�&���������������"

���d_�(�$���5��%

<"������(R) : !)���C��N�����(��2���

�� ��6�D�������5�Cp(�

�56�2�����Z��;�(���56�����"

-�����0��%

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��$�C���-���W

(B) (A) ��0����(R) B��8����� ��i]D���$�� �

(C) (A) ��$7�*�����(R) ��$�� �

(D) (A) 0����I�7�(R) ��$

27. �����,&�����(A) : O�\��������N05N����

< 0����5ds����5N�5����

0���)���C��%

<"������(R) : -u��"5���E05I���5 2�2���

O�\����N05N��(,��(5��]%

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(A) (A) ��0����(R) � ��(�, ������ ! k�� �

(B) (A) ��0����(R) ��$���0����(R)(A) ��

��$�C����-���W

(C) (A) ��$���0����(R) ��$�� �

(D) (A) ��$�� ����0����*����(R) ������0�N

28. �����,&����(A) : <���LM N���� ���� �59�s��

��n�����"�)=\���0���%

<"������(R) : <���LM N����59�s�����n���

����(��2������"��<2�y5����0���%

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(A) (A) ��0����(R) B��8�����0�N���0����(R)

(A) �����$�C���-���W

(B) (A) ��0����(R) B��8�����0�N�*����(R)

(A)�����$�C���-���W�< �

(C) (A) ��0�N�*����(R) 0����I

(D) (A) 0����I�*����(R) ��0�N

29. �����,&�����(A) : !3:��������! 8�5��

)��3(����������0���

-�5N�����������'65�

f����0���%

<"������(R) : EF05�����*�5��������>

)52���!3:�������

f !(�5��%

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(A) �����$�C���-���W

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(C) (A) ��0����(R) B��8�����$�� �

(D) (A) 0����I�*����(R) ��$�� �

Page 13: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 13 Paper II

������ Total Number of Pages : 24

26. Assertion (A) : Provision of subsidies

for ment goods is

justified.

Reason (R) : Social benefits exceed

individual benefits in

case of ment goods.

Codes :

(A) Both (A) and (R) are right, (R) is the

right explanation of (A)

(B) Both (A) and (R) are totally incorrect

(C) (A) is correct, but (R) is incorrect

(D) (A) is wrong, (R) is correct

27. Assertion (A) : Cost differences are the

basis of international

trade.

Reason (R) : Cost differences are

due to different factor

endowments.

Codes :

(A) Both (A) and (R) not related

(B) (A) and (R) are correct and (R) is

the correct explanation of (A)

(C) (A) is correct and (R) is incorrect

(D) (A) is not correct and but (R) is true

28. Assertion (A) : Devaluation in a country

boosts in exports.

Reason (R) : Devaluation makes the

country’s exportables

cheaper.

Codes :

(A) Both (A) and (R) are true and (R) is

the correct explanation of (A)

(B) Both (A) and (R) are true but (R) is

not correct explanation of (A)

(C) (A) is true but (R) is false

(D) (A) is false but (R) is true

29. Assertion (A) : Rate of Interest

influences the rate

and pattern of

investment.

Reason (R) : Saving is a function of

level of income and the

rate of interest.

Codes :

(A) Both (A) and (R) are true and (R) is

the correct explanation of (A)

(B) (A) is true, but (R) is not correct

(C) Both (A) and (R) are not true

(D) (A) is false but (R) is not correct

Page 14: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

Paper II 14 K-0313

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30. �����,&����(A) : (�Hd����65��0����[�����p����

�������'���c���� 5��%

<"������(R) : (�Hd�<u�H�v2�A�(5��

(�'��2������"��(Z2���̂ A�(��%

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(A) (A) ������$�� ����0����(R) ��$

(B) (A) ��0����(R) B��8�����$���0����(R)

(A) �����$�C���-���W

(C) (A) ��0����(R) B��8�����$7�*����(R)

(A) �����$�C���-���W�� �

(D) (A) ��$7�*����(R) ��$�� �

��������� !� �31. &��40�H�(��������'1"2������"��Q�7�(��2

(�K>�����(��8�2����������$�C���<���(�'��G(�����"

*+�,��C3�o

31. A�3(���5v 0����(5�5���(�'������"��2�����&�%

a) `�5����N���a

b) �C9�D�����A�3(�����5v 0�

c) ���!D �*+�,�(�'�����A�3(�����5v 0�

d) <u�N(���� -�����5v 0�

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(A) a), b), c), d)

(B) b), a), d), c)

(C) c), d), a), b)

(D) d), c), a), b)

32. ��(������)�]��� ��5v 0�2���� (5�5���(�'������"

2�����&�%

a) AM���������5v 0�

b) )�]�����$�C]���5v 0����(� f'8�z�*�H&�

c) q�f��l���)�]�����5v 0�

d) ��$�C]���5v 0����m1������*�H&�

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(A) a), b), c), d)

(B) b), c), d), a)

(C) c), b), a), d)

(D) d), b), a), c)

33. ��(������<u�H�v���5v 0�2����(5�5���(�'������"

2�����&�%

a) !H)�0��0�F^(�����5v 0�

b) ����0�� ���<u�H�v���5v 0�

c) (��9�_���� �2�v����'��0�"����5v 0�

d) <����0�� ���<u�H�v����5v 0�

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(A) b), c), a), d)

(B) a), c), b), d)

(C) d), b), c), a)

(D) c), d), a), b)

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K-0313 15 Paper II

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30. Assertion (A) : Agriculture is the mainsource of livelihood of

people in India.

Reason (R) : Measure for agricultural

development should be

undertaken.

Codes :

(A) (A) is incorrect and (R) is correct

(B) Both (A) and (R) are correct and (R)

is the correct explanation of (A)

(C) Both (A) and (R) are correct, but (R)

is incorrect explanation of (A)

(D) (A) is correct, but (R) is incorrect

Q. No. 31 to 40 : Read the questions and

select the correct sequence from the codes

given below :

31. Identify the chronology of the theory of

demand.

a) Indifference curve

b) Marshal’s theory of demand

c) Weak preference ordering theory of

demand

d) Revealed Preference theory

Codes :

(A) a), b), c), d)

(B) b), a), d), c)

(C) c), d), a), b)

(D) d), c), a), b)

32. Identify the chronological order of the

following theories of Money.

a) Baumol’s theory

b) Cambridge version of quantity theory

c) Tobin’s theory of money

d) Fisher’s version of the quantity theory

Codes :

(A) a), b), c), d)

(B) b), c), d), a)

(C) c), b), a), d)

(D) d), b), a), c)

33. Identify the following growth theories in

chronological order.

a) Big Push theory

b) Balanced growth theory

c) Critical minimum effort thesis

d) Unbalanced growth theory

Codes :

(A) b), c), a), d)

(B) a), c), b), d)

(C) d), b), c), a)

(D) c), d), a), b)

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34. 65��0���������� (������ �� ��2����� �5����2� 8�

(5�5���(�'�����<���(�'��G(�����"��!�#�$%

a) NABARD

b) IDBI

c) SIDBI

d) IFCI

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(A) a), c), b), d)

(B) a), b), d), c)

(C) c), a), b), d)

(D) d), b), a), c)

35. �5�&�x �,��(5,O5�������(������< 1�2���

<���(�'��G(�����"�2�����&�%

a) ! 8�5����(�,

b) <k(�H0��-���(�,

c) O5����(�,

d) ?0����EF����(�,

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(A) a), c), b), d)

(B) d), c), a), b)

(C) c), a), b), d)

(D) c), b), d), a)

36. �����>������<u�H�v�)� 0�2���

<���(�'��G(�����"��2�����&�%

a) 5������S�(,��������i�D�1���0���2����

b) �5 ��'�5#�(�����C[

c) ��'!���v0���E0��l(�0���0����<k(�

<���6����(5

d) 5������S�(,�����

��:NV��H

(A) b), c), d), a)

(B) a), c), d), b)

(C) a), b), c), d)

(D) b), a), d), c)

37. < 0����5ds����5N�5�������5v 0���

(5�5���(�'������"��2�����&�%

a) )(�\��eQ������5v 0�

b) *8� ���0������������(�4��O5\���(�� ���5v 0�

c) )!�� ����������(51��O�\����5v 0�

d) 8�-8��$(58�D�������5��(�4�O5\���(��

��5v 0�

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(A) a), b), d), c)

(B) b), d), c), a)

(C) a), c), b), d)

(D) d), b), a), c)

Page 17: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 17 Paper II

������ Total Number of Pages : 24

34. What is the chronological sequence of

the establishment of the following

institution in India ?

a) NABARD

b) IDBI

c) SIDBI

d) IFCI

Codes :

(A) a), c), b), d)

(B) a), b), d), c)

(C) c), a), b), d)

(D) d), b), a), c)

35. Identify the following items of the balance

of payments accounts in sequence of

order.

a) Capital Account

b) Official Settlements Account

c) Current Accounts

d) Errors and Omissions

Codes :

(A) a), c), b), d)

(B) d), c), a), b)

(C) c), a), b), d)

(D) c), b), d), a)

36. Identify the following Rostow’s stages ofgrowth sequentially.

a) Pre-conditions of take-off

b) Traditional Society

c) Drive to maturity and age of high mass

consumption

d) Take-off

Codes :

(A) b), c), d), a)

(B) a), c), d), b)

(C) a), b), c), d)

(D) b), a), d), c)

37. Identify the chronological order of the

International Trade theory.

a) Hecksher-Ohlin theory

b) Adam Smith’s Absolute Advantage

theory

c) Heberler’s opportunity cost theory

d) Comparative cost advantage theory of

D. Ricardo

Codes :

(A) a), b), d), c)

(B) b), d), c), a)

(C) a), c), b), d)

(D) d), b), a), c)

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38. ��(�������2����(5�5���(�'��G(�����"��&F�%a) ���)����)�]b) ����(���)�]c) �5��>(��)�]d) �������)�]��:NV��H(A) b), a), d), c)

(B) a), b), c), d)

(C) a), d), b), c)

(D) b), d), a), c)

39. ��(�������2������$�C���(5�5���(�'��G(�����"2�����&�%a) �5��(�4�*�5���0�0�@b) (Z��l������<���6����f !(�c) p�����O�(�'���5v 0�d) m'�8�����������a5�� �*�5�����5v 0���:NV��H(A) a), b), c), d)

(B) d), b), c), a)

(C) b), a), d), c)

(D) c), a), b), d)

40. 65��0����������(������(5��D(�'��2�����5'�� 6���(5�5���(�'��G(�����"��2�����&�%a) 20 < 1�2����(5��D(�'��b) ��'.5���� &'�25'�����8�(��+��[�5c) NAREGA

d) )������(5' &��:NV��H

(A) a), b), c), d)

(B) a), c), b), d)

(C) d), a), b), c)

(D) d), b), c), a)

����������� !� �41. &��50�H�(��������'1"2������"��Q�7B��8�����K>2�F �����$�C���P��3�����"����3��(��8��2������)5��� ���2�����&��o

41. �������������WX�– 1 �������������WX� – 2

a) �����(�4��O5\���(�� 1) ��+�� Kn������

b) E05I���5 2� 2) �C9�D����'�CW5����50���0����5N�5��

c) �����5���a2���� 3) *8� ���0�

d) ���5�(51��O�\ 4) )!�� ��

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a b c d

(A) 1 3 2 4

(B) 3 1 2 4(C) 1 3 4 2

(D) 3 1 4 2

42� �������������WX�– 1 ��������WX� – 2

a) ��$��i]D��Z�i�K 1) (�����q���C��$

b) (Z��l 2) ���������< 1�

c) ( [����5��N 3) <�x\0�0����5v 0�

d) �,wZq� 4) ��'�N0

��:NV��H

a b c d

(A) 2 1 4 3

(B) 1 2 3 4

(C) 2 4 1 3

(D) 4 1 3 2

Page 19: II Test Booklet Serial No. : ECONOMICS Test Subject Code K-0313 …kset.uni-mysore.ac.in/question_papers_2013/Question Paper... · 2013. 12. 27. · K-0313 3 Paper II Q. No. 1 to

K-0313 19 Paper II

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38. Identify the following in a sequential order.

a) Metallic money

b) Commodity money

c) Plastic money

d) Paper money

Codes :

(A) b), a), d), c)

(B) a), b), c), d)

(C) a), d), b), c)

(D) b), d), a), c)

39. Identify the correct chronological order ofthe following.

a) Relative income hypothesis

b) Keynes’ consumption function

c) Life cycle hypothesis

d) Friedman’s permanent incomehypothesis

Codes :

(A) a), b), c), d)

(B) d), b), c), a)

(C) b), a), d), c)

(D) c), a), b), d)

40. Identify the order of sequence of thefollowing events in India.

a) 20 Point Programme

b) Prime- Minister Grama Sadak Yojana

c) NAREGA

d) Green Revolution

Codes :

(A) a), b), c), d)

(B) a), c), b), d)

(C) d), a), b), c)

(D) d), b), c), a)

Q. No. 41 to 50 : Read the following questionsand match the correct pair from List – I and II.Use the codes given below for answering :

41. List – I List – II

a) Law of Absolute 1) LeontifAdvantage

b) Factor proportion 2) Marshaland Trade

c) Offer curves 3) Adam Smith

d) Opportunity cost 4) Heberler

Codes :

a b c d

(A) 1 3 2 4

(B) 3 1 2 4

(C) 1 3 4 2

(D) 3 1 4 2

42. List – I List – II

a) Perfect 1) Cournotcompetition Model

b) Keynes 2) Time Element

c) Oligopoly 3) Uncertainty

theory

d) Knight 4) Liquidity

Codes :

a b c d

(A) 2 1 4 3

(B) 1 2 3 4

(C) 2 4 1 3

(D) 4 1 3 2

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Paper II 20 K-0313

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43. �������������WX�– 1 ����������WX� – 2

a) ��i�Z(����0���"�� 1) P%�f%���*���A�3(�����"��Hd>���0���%

b) *+�,2������ ����" 2) *8� ���0�<u�N;����0��

c) �C���(�q>�� 3) 3%�$(58�D-��{0�0���1�'���-6�[������"-�&2�F���0���%

d) 2�G��5�&���J(,�5� 4) �5N���N+��������P�������A��)O��\*���7�P�������A�)=\��J(,��2�G�5�&��

��:NV��Ha b c d

(A) 1 4 2 3(B) 1 4 3 2(C) 4 1 3 2(D) 4 1 2 3

44. ��������������WX�– 1 ������������WX� – 2

a) !3:����[D��x� 1) (��"q��-(�������5v 0�

b) !3:��������� 2) /-D 2��m1���� -�����5v 0�

c) !3:�� 3) B��%�8�!���%�����!���n� 8� ����������5v 0�

d) ��'�N�� -�����5v 0� 4) P%�B�L�%�(Z��l��:NV��H

a b c d(A) 2 3 1 4(B) 3 2 1 4(C) 4 1 3 2(D) 2 3 4 1

45. �����������WX�– 1 ��������WX� – 2

a) ��i>(�KD�� 1) 0MMX >>

b) .��50��(�����,wN��� 2) xyyx γ=γ

c) ��)��� ! .� 3)1ns

X−Σ

μ−

d) UK V�q��> 4) 0r32 >>β

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a b c d

(A) 3 2 4 1

(B) 4 1 2 3

(C) 2 4 1 3

(D) 4 2 3 1

46. ������������WX�– 1 ��������WX� – 2

a) )�](5������& 1) 0$2�������

b) 5N�5�����& 2) ���C 0��)�]

c) �5 ���& 3) *��������0������n���

d) (��x������& 4) A5N (�������

��:NV��H

a b c d

(A) 4 3 2 1

(B) 4 2 3 1

(C) 3 2 1 4

(D) 2 1 4 3

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K-0313 21 Paper II

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43. List – I List – II

a) Supply creates 1) J. B. Sayits own demand

b) Choice reveals 2) Adam Smithpreference

c) Division of 3) D. Ricardolabour is limitedby the extent ofmarket

d) Corn is high, not 4) Samuelsonbecause rent ispaid but rent ispaid because earnis high

Codes :a b c d

(A) 1 4 2 3(B) 1 4 3 2

(C) 4 1 3 2(D) 4 1 2 3

44. List – I List – II

a) Abstinence 1) Knut Wicksilltheory of interest

b) Time preference 2) Irving Fishertheory of interest

c) Loanable funds 3) N. W. Seniortheory of interest

d) Liquidity 4) J. M. Keynespreferencetheory of interest

Codes :a b c d

(A) 2 3 1 4

(B) 3 2 1 4(C) 4 1 3 2

(D) 2 3 4 1

45. List – I List – II

a) Leptokurtis 1) 0MMX >>

b) Positive 2) xyyx γ=γskewness

c) Co-relation 3)1ns

X−Σ

μ−

d) ‘t ’ Test 4) 0r32 >>β

Codes :

a b c d

(A) 3 2 4 1

(B) 4 1 2 3

(C) 2 4 1 3

(D) 4 2 3 1

46. List – I List – II

a) Monetary policy 1) Tax rate

b) Trade policy 2) Margin money

c) Credit policy 3) Imports and

exports

d) Fiscal policy 4) Bank rate

Codes :

a b c d

(A) 4 3 2 1

(B) 4 2 3 1

(C) 3 2 1 4

(D) 2 1 4 3

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47. ��������������WX�– 1 ��������WX� – 2

a) ���(���5N�5�� 1) E05I���5 2�2���� �� O� ����0���

5N�5�������!D .�0#� �

b) 5N�5����(��,� 2) ���(���5N�5����0������� (�- �

c) �5�C��N��C���(�q> 3) ��� (�- ���|������N�� ����$2��� (�

d) *tD(���(��,� 4) ����2�'0���E��"0�)� 0�

��:NV��Ha b c d

(A) 2 1 3 4(B) 3 2 4 1(C) 2 3 1 4(D) 1 3 4 2

48. �������WX�–1 ��������WX� – 2 (��<�WY ������Z<8���Y

a) � 8������-�& 1) ! 8�5���)�]�������-(

b) �5(�1����)��� 2) ��� 6��0���-�& �M(���D2���

<u�H�vc) ����� )��L����-�& 3) )�](5����� ����

���.5��W2����d) Q (5���2���5@-� 4) (Z25$(5�<��@���0

��-�&��:NV��H

a b c d(A) 1 3 2 4(B) 4 2 3 1(C) 1 2 3 4(D) 4 3 2 1

49. ������������WX�– 1 ��������WX� – 2

a) ��.5N)�"�� 1) 2006f�����+��[�

b) B�L�%�����2��� 2) 1995<���95_��

c) ��2�����-���� � 3) )�](5����*+��2�<����50�

d) -6�[(��0$22���� 4) 65��&���$���D�A5N (�

��:NV��H

a b c d

(A) 1 2 3 4

(B) 2 1 4 3

(C) 4 2 3 1

(D) 3 4 1 2

50. ������������WX�– 1 ��������WX� – 2

a) m����B%�8�!��% 1) (�����kb) m 8���x����l 2) (������0���

������N�2�2���-����D��� ! .�

c) (Z��l 3) 0$2�+��2�N�5��S�ND

d) P%�B��%�-���l 4) ��'�N0���A�������:NV��H

a b c d

(A) 2 3 1 4

(B) 2 3 4 1

(C) 3 2 1 4

(D) 3 2 4 1

____________

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K-0313 23 Paper II

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____________

47. List – I List – II

a) Free Trade Area 1) Norestrictionson trade andfactormovement

b) Customs Union 2) Trade is Freeand no customsduties

c) Common Market 3) No customsduties ; dutieson non-member

d) Economic Union 4) Advancedstage ofintegration

Codes :a b c d

(A) 2 1 3 4(B) 3 2 4 1(C) 2 3 1 4(D) 1 3 4 2

48. List – I List – II (Committee) (Subject)

a) Tondon 1) CapitalCommittee financing

b) Rakesh Mohan 2) InfrastructureCommittee development

c) Narasimham 3) FinancialCommittee Sector Reforms

d) Omkar Goswamy 4) IndustrialCommittee Sickness

Codes :a b c d

(A) 1 3 2 4(B) 4 2 3 1(C) 1 2 3 4(D) 4 3 2 1

49. List – I List – II

a) Mid-day-meal 1) 2006Scheme

b) Implementation 2) 1995of M-NREGA

c) Cash Reserve 3) FinanceRatio Commission

d) Divisible taxes 4) Reserve Bankof India

Codes :

a b c d

(A) 1 2 3 4

(B) 2 1 4 3

(C) 4 2 3 1

(D) 3 4 1 2

50. List – I List – II

a) Phillips A. W. 1) Wage Fund

b) Findlay 2) Trade-offShirras between

wage and unemployment

c) Keynes 3) Taxablecapacity

d) Mills J. S. 4) Liquidity trap

Codes :

a b c d

(A) 2 3 1 4

(B) 2 3 4 1

(C) 3 2 1 4

(D) 3 2 4 1

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