iii test booklet serial no. : economics test subject code...

32
Test Paper : III Test Subject : ECONOMICS Test Subject Code : K-0316 Test Booklet Serial No. : _______________________ OMR Sheet No. : _________________________________ Roll No. (Figures as per admission card) Name & Signature of Invigilator/s Signature : _________________________________ Name : _________________________________ Paper : III Subject : ECONOMICS Time : 2 Hours 30 Minutes Maximum Marks : 150 Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 75 K-0316 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 seventy five 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 the cover page. Do not accept a booklet without sticker seal or 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 circle 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 question of Paper III are to be indicated in the OMR Sheet kept inside the Booklet. If you mark at any place other than in the circles in OMR 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 after the examination. 11. Use only Blue/Black Ball point pen. 12. Use of any calculator, Electronic gadgets or log table etc., is prohibited. 13. There is no negative marks for incorrect answers. 14. In case of any discrepancy found in the Kannada translation of a question booklet the question in English version shall be taken as final. 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 G±Ü³ñæô¨Üá ±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 A¥ÜÊÝ 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. B ÚPÜ ±ÜÅÍæ° ±Ü£ÅPæ¿á®Üá° ¨Ü ÇÝÀáÓÜ ÇÝWÜ áÊÜ â©ÆÉ , ¿ÞÊÜ â¨æ à Öæ aÜ ác ÓÜ ÊÜ á¿áÊÜ ®Ü ã° Pæ ãvÜ ÇÝWÜ áÊÜ â©ÆÉ . 4. ±ÜÅ£Áãí¨Üá ±ÜÅÍæ °WÜã (A), (B), (C) ÊÜáñÜᤠ(D) Gí¨Üá WÜáÃÜá£Ô¨Ü ®ÝÆáR ±Ü¿Þì¿á EñܤÃÜWÜÚÊæ. ¯àÊÜâ ±ÜÅÍæ°¿á G¨ÜáÃÜá ÓÜÄ¿Þ¨Ü EñܤÃÜ¨Ü ÊæáàÇæ, PæÙÜWæ PÝ~Ô¨Üíñæ AívÝPÜꣿá®Üá° PܱݳXÓܸæàPÜá. E¨ÝÖÜ ÃÜ Oæ : A B C D (C) ÓÜÄ¿Þ¨Ü EñܤÃÜÊÝX¨ÝªWÜ. 5. ±ÜÅÍæ °WÜÚWæ EñܤÃÜWÜÙÜ®Üá° , ±Ü£ÅPæ III ±Ü âÔ¤Pæ ÁãÙÜ Wæ Pæ ãqr ÃÜ áÊÜ OMR Ü ¤ÃÜ ÖÝÙæ ¿áÈÉ ÊÜÞñÜÅÊÜæà ÓÜãbÓÜñÜPÜR¨Üáª. OMR ÖÝÙæ¿áÈÉ®Ü AívÝPÜê£ ÖæãÃÜñÜá±ÜwÔ ¸æàÃæ ¿ÞÊÜâ¨æà ÓܧÙܨÜÈÉ WÜáÃÜá£Ô¨ÜÃæ, A¨ÜÃÜ ÊÜåèÆÂÊÜÞ±Ü®Ü ÊÜÞvÜÇÝWÜáÊÜâ©ÆÉ. 6. OMR EñܤÃÜ ÖÝÙæ¿áÈÉ Pæãor ÓÜãaÜ®æWÜÙÜ®Üá° hÝWÜÃÜãPÜñæÀáí¨Ü K©Ä. 7. GÇÝÉ PÜÃÜvÜá PæÆÓÜÊÜ®Üá° ±ÜâÔ¤Pæ¿á Pæã®æ¿áÈÉ ÊÜÞvÜñÜPÜR¨Ü᪠. 8. ¯ÊÜá¾ WÜáÃÜáñÜ®Üá° ×ÃÜíWܱÜwÓÜÖÜá¨Ý¨Ü ¯ÊÜá¾ ÖæÓÜÃÜá A¥ÜÊÝ ¿ÞÊÜâ¨æà bÖæ°¿á®Üá° , ÓÜíWÜñÜÊÝ¨Ü ÓܧÙÜ ÖæãÃÜñÜá ±ÜwÔ, OMR EñܤÃÜ ÖÝÙæ¿á ¿ÞÊÜâ¨æà »ÝWܨÜÈÉ Ãæ¨ÜÃæ, ¯àÊÜâ A®ÜÖÜìñæWæ ¸Ý«ÜÂÃÝXÃÜᣤàÄ. 9. ±ÜÄàPæÒ¿áá ÊÜááX¨Ü®ÜíñÜÃÜ, PÜvÝx¿áÊÝX OMR EñܤÃÜ ÖÝÙæ¿á®Üá° ÓÜíËàPÜÒPÜÄWæ ¯àÊÜâ ×í£ÃÜáXÓܸæàPÜá ÊÜáñÜᤠ±ÜÄàPÝÒ PæãsÜw¿á ÖæãÃÜWæ OMR ®Üá° ¯Êæã¾í©Wæ Pæãívæã¿áÂPÜãvܨÜá. 10. ±ÜÄàPæÒ¿á ®ÜíñÜÃÜ, ±ÜÄàPÝÒ ±ÜÅÍæ° ±Ü£ÅPæ¿á®Üá° ÊÜáñÜᤠ®ÜPÜÆá OMR EñܤÃÜ ÖÝÙæ¿á®Üá° ¯Êæã¾í©Wæ ñæWæ¨ÜáPæãívÜá ÖæãàWÜÖÜá¨Üá. 11. ¯àÈ/PܱÜâ³ ¸ÝDZÝÀáíp ±æ® ÊÜÞñÜÅÊæà E±ÜÁãàXÔÄ. 12. PÝÂÆáRÇæ àoÃ, ˨Üá®ݾ®Ü E±ÜPÜÃÜ| A¥Ü ÊÝ ÇÝW pæ àÇ CñÝ©¿á Ü ÁãàWÜ ÊÜ ®Ü á° ¯Ðæ àÓÜ ÇÝX¨æ. 13. ÓÜÄ AÆÉ¨Ü EñܤÃÜWÜÚWæ Má| AíPÜ CÃÜáÊÜâ©ÆÉ . 14. PܮܰvÜ ÊÜáñÜᤠCíXÉàÐ BÊÜ꣤WÜÙÜ ±ÜÅÍæ° ±Ü£ÅPæWÜÙÜÈÉ ¿ÞÊÜâ¨æà Äࣿá ÊÜÂñÝÂÓÜWÜÙÜá PÜívÜáí¨ÜÈÉ , CíXÉàÐ BÊÜ꣤WÜÙÜÈÉÃÜáÊÜâ¨æà Aí£ÊÜáÊæí¨Üá ±ÜÄWÜ~ÓܸæàPÜá.

Upload: others

Post on 01-Nov-2019

8 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Test Paper : III

Test Subject : ECONOMICS

Test Subject Code : K-0316

Test Booklet Serial No. : _______________________

OMR Sheet No. : _________________________________

Roll No. (Figures as per admission card)

Name & Signature of Invigilator/s

Signature : _________________________________Name : _________________________________

Paper : IIISubject : ECONOMICS

Time : 2 Hours 30 Minutes Maximum Marks : 150

Number of Pages in this Booklet : 32 Number of Questions in this Booklet : 75

K-0316 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 seventy five 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 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 the cover page. Do not accept abooklet without sticker seal or 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 circle as indicated below onthe correct response against each item.

Example : A B C D

where (C) is the correct response.

5. Your responses to the question of Paper III are to be indicatedin the OMR Sheet kept inside the Booklet. If you mark at anyplace other than in the circles in OMR 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 ofOMR Answer Sheet after the examination.

11. Use only Blue/Black Ball point pen.12. Use of any calculator, Electronic gadgets or log table etc.,

is prohibited.13. There is no negative marks for incorrect answers.14. In case of any discrepancy found in the Kannada

translation of a question booklet the question in Englishversion shall be taken as final.

��� �������������������1. ����������� ������������������������������������������ !�����"�!�#�$%2. ����&'(����!)���*+�,��-.����/��012������'3"4������"����4� 5�%3. ��$�(6����7'�� 8������9���'3"������(�����"�����4���:��74�������%���� �5 �-�;�4�����

����������(�����"��1��� ����1�����(����� 1�(�:7<��7�����$�=6�� ��(�����7��%(i) ��'3"������(4���'�37�(73����:�� �9���)��(��������> ?����������

������� �� ���"�)�$#�$.� �@(�,��� �����A ���� >B�7� 1���������(�����"�C�(�$��D�5.

(ii) ��������������������������� !� �"��#��������$������� !� ��������"���%���$&��"��'�"���(��&��"�)*�+ (���#,�����-.�����$�����/�������������,0��)&�1�2�",�(3������2�",��������"��",45�&���2�",�6#�7���)"��&��"� #, ��&�&�8���9.#������������������:�'��5�;<�8�&���"�=�>����1��� <��?��. &����.67��"�� ���������� @&�',A������BC������ D�@���� ������� ������������@&�',A���',���"��(5��1��)"��&��E����F����"����"��������:�',���"��(5���

4. ��'&+� ������'3"4���(A)9�(B)9�(C)����1����(D)�/ ����4�����&�����7 �,����EF��G1����4�H%��������'3"���/���������$�E���G1����������9�(��4�(7I��� 1> :7(�J&�����"��(��70���D�(��%G&,E�7�0��H A B C D

(C)���$�E���G1����7��7K4�%

5. ��'3"4�H4�G1����4������"�9��������III �������+�������IJ7��"��OMR G#��7��E,������"�)#��"��� ��K��#���L&��M%� OMR )7��������> :7(�J&�)���1����5��D���E����������������4�����&����9�>������LM N�E������E:��74����� �%

6. OMR G1�����)7�������(��@�����O��4������"�P74����(�1#� ���Q�$.7. /�7���(���:���( ������"������(���(��������E:�1�(�,���K�%

8. ����� � 4�����1����"� �!R�� 4���5��!)���7��� ����� �)������>B�7��E����?)"�����" 9��� 4�1�7����������)���1�����5�9�OMR G1�����)7�����E����874�������!����9������>��)�F14�D7.�N�7����&��$%

9. ��$�(6������������ 1���9� (�:7<��7�� OMR G1�����)7������"� �� -�(�6(�$4�����R &������D�(�����1������$�(76� (�S�5���)���4� OMR ���"� ���� �4(� :���N(��:����.

10. ��$�(6����� 1���9���$�(76���'3"���&'(�����"����1������(� ��OMR G1�����)7������"��� �4� 14���(� :���)��4�!)�����%

11. ;�/�����N�C,'O�,A� PO����O�"�)#��"��G��+4�..12. �, 5�L'�$7O1�<&�� �,Q���G����7�R��2�",�',�O�P�@'O�6#, (��

G��+��"������;8�=��',4&�.13. ��.��5�&��G#��7�������S�R�� ���67��"��(5��.14. �����:��"��#����6 4�8O�D"�T�����������������������������)"��&��.����"� #, �������

�� :��@ &����1�6 4�8O�D"�T��������7��"��&��� �"��"� &�����.��U��C�����

Page 2: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 2 K-0316

������� Total Number of Pages : 32

�2���,��V

����7O�– III

��"��;��H ����&'(����(75) W��N#�X&���������;�T��E��$�����'3"4�����"��4� 5���K 9�����+ &�����'3"���

W7�:���(2)�> (�4������"��)� ��%�W',�����'3"4������"����:,Y��",4�G1��$��D�(��%

1. D����&�7���(�1�C���� ��(,�������7���K�9����E 1�*�7�����___________ *����1���%

(A) � ���

(B) ���"(C) > 1

(D) < 1

2. -�1�4�H����D����

(A) >U(���78�����"��-�1�4�H���1���

(B) G1�0��"����"��-�&4�����5���1���

(C) ��'�3�����"��1�:���1���

(D) �4�F��������"� ��V'�17WR���1���

3. ������ ��'�7����� B��������4�'���V�X(���Y�������7����K�9���$Z7��(7$�D�5(����)O7[���A�������$Z7��4����

(A) *�7�����1����D�4�������)O�[��

(B) D�4�����)O7[�9��*�7���(�5��E4��1���

(C) D�4�����)O7[�9�*�7�������7����1���

(D) *�7���)O7[�9�D�4���������7����1��%

4. (�J\��(6�1�'�������E�7���E:�!)���7���*U(�N����"R�4�7NY7N����7��

(A) O7���G170�����+��7�7����

(B) O7���G170����–��E���(�]@���E5���*U(�N

(C) O7���G170����–�O7���>���8��4�

(D) O7���G170�����– �7�7�����–�O7��>���8��4�

5. � ������3����*^F(�1������)�_��>���LM N����78������(�������E�������������$�=6��!)������`

(A) ��a����)O�[��

(B) *������)O�[��

(C) G170���7�)O�[��

(D) )��5(�)O�[��

6. ��R�7���!��(���_���(7��F(�'������"�7'�� b������87��1������� ��7cN��E������̀

(A) (��7F�(�

(B) (�����

(C) ��d[���! 47��

(D) G1�������'��3�

7. ���@���7\e����G1�0��"�����(7,O7����������(������E�������"����$4�I������ ���`

(A) !5<���7�&4����

(B) ��(7F$��47F�Z��7�&4����

(C) 4�I�*�7��

(D) -��3�� ���4�H������C���*�7��

8. ������O� (����5�X�f��_________ *����1���%

(A) � ���

(B) ���"

(C) >��$-�1�

(D) >�d[1�

Page 3: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 3 Paper III

������� Total Number of Pages : 32

1. When price elasticity is equal to unitymarginal revenue will be

(A) One

(B) Zero

(C) > 1

(D) < 1

2. Limit price is a price that

(A) Limits excess profits

(B) Restricts output

(C) Prevents entry

(D) Encourages exit

3. Given the neo-classical aggregate supplycurve, an increase in effective demandresults in

(A) An increase in income and prices

(B) An increase in price levels anddecrease in income

(C) An increase in price levels andunchanged income

(D) Increase in income and unchangedprice

4. In agriculture, marketable surplus can bedefined as

(A) Current production + Stock

(B) Current production – Marketedsurplus

(C) Current production – Currentconsumption

(D) Current production – Stock –Current consumption

5. The gains from devaluation of currencyare expected to accrue to a nation in the

form of increase in

(A) Exports

(B) Imports

(C) Production

(D) Investment

6. Which is the first State in India to start a

Programme for the Empowerment of

Women ?

(A) Karnataka

(B) Kerala

(C) West Bengal

(D) Uttar Pradesh

7. In calculating GNP which of the

following is excluded ?

(A) Interest payments

(B) Government transfer payments

(C) Rental incomes

(D) Net income from abroad

8. The derivative of a constant is

(A) One

(B) Zero

(C) Infinity

(D) Indeterminate

ECONOMICS

PAPER – III

Note : This paper contains seventy-five (75) objective type questions. Each questioncarries two (2) marks. All questions are compulsory.

Page 4: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 4 K-0316

������� Total Number of Pages : 32

9. 87��1�������g�7\e������4����*���4�N��>b�E���h����"�E���;�F��7'�� b���7#�1����`(A) 2012

(B) 2013(C) 2014

(D) 2015

10. !)���*�E�����!:�1�������O�N (������4� 5�����*�E��4����

(A) ������

(B) �7 �,

(C) i���

(D) )�1���

11. 87��1����3����-��d�-���������� 4�')�����E��!H������A��`(A) SBI(B) RBI

(C) IDBI(D) EXIM Bank

12. (������(��;�T(����� �����7;�e����(7 0�(��G170���7�7.�N17���Y�����"��j j���1����k

50 60 70 80 90

150 145 135 120 100

*)7��.7��N����G170��������"��70�l�(�4�H ��80�l�(�4�H4�)?[���(,��1�4� ���������(73�O�[����"���(�,)7=$%(A) 80

(B) 10(C) 15

(D) 120

13. ���E3�'��_�4�_(������(�������E����$ ���.7F��74����� ���`

(A) ���

(B) 471�'�m���'�E_

(C) ��� ���1������'�E_

(D) ��� ���1������'�E_�/��:���> �

14. ����*^F(��D���I4���7n 1����� �����7'(� 0�����'(7���1� 1�'P7o����

(A) * 1�$(��> 3�7��

(B) D7)�N�> 3�7��

(C) ����7��

(D) 1�����7��

15. 7N�7$���'1�N��4������"��R�4�7NY7N����7��

(A) p*�����4����D��× �*��������'�E_q�÷p��a���4����D��× ���a���4������'�E_q

(B) p*�����4����D�� × � ��a���� ��'�E_q� ÷p��a���4����D��×*��������'�E_q

(C) *��������'�E_�÷ ���a������'�E_

(D) ��a������'�E_�÷ �*��������'�E_

16. r�7����N���(�'��Y������D����$Z7������(�������E����$Z7��4������ +��c��E����`

I. *�7�����$Z7��

II. !���(�����$Z7��

III. s�Z71��(��*�7�����$Z7��

IV. .��71��(��D����$Z7����:O������ H

(A) I ��1����III

(B) I, III ��1����IV

(C) I ��1����II

(D) I, II, III ��1����IV

DE,7��Z,�� &��[$�������

@P�J��[$�������

Page 5: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 5 Paper III

������� Total Number of Pages : 32

9. In India the ‘National Urban HealthMission’ was launched in the year

(A) 2012

(B) 2013

(C) 2014

(D) 2015

10. The multidimensional poverty index

consists of

(A) Three dimensions

(B) Four dimensions

(C) Five dimensions

(D) Ten dimensions

11. Who is the custodian of National

Reserves of International Currency ?

(A) SBI

(B) RBI

(C) IDBI

(D) EXIM Bank

12. The table below represents a typical

production possibility curve of a country.

Units ofFood

50 60 70 80 90

Units ofClothing

150 145 135 120 100

Calculate the opportunity cost ofincreasing food production from70 units to 80 units

(A) 80(B) 10

(C) 15(D) 120

13. Regression coefficient is independent of(A) Origin

(B) Scale

(C) Both origin and scale

(D) Neither origin nor scale

14. The New Growth Theory assumestechnology as

(A) Endogenous

(B) Exogenous

(C) Constant

(D) Neutral

15. Terms of trade is defined as

(A) (Price of imports × Volume ofimports) ÷ (Price of exports ×Volume of exports)

(B) (Price of imports × Volume ofexports) ÷ (Price of exports ×Volume of imports)

(C) Volume of imports ÷ Volume ofexports

(D) Volume of exports ÷ Volume ofimports

16. In indifference curve analysis the priceeffect is a combination of

I. Income effect

II. Substitution effect

III. Negative income effect

IV. Positive price effect

Codes :

(A) I and III

(B) I, III and IV

(C) I and II

(D) I, II, III and IV

Page 6: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 6 K-0316

������� Total Number of Pages : 32

17. (7��F��E(�WF������ ��'(7��9� � ���� ����=��D�������(�������E����(,������7����1�����̀

I. *U(�N���LM NII. �����! :�7��III. �N17N�71��(��! :�7����:O������ H(A) (I ) + (II) + (III)

(B) (I) – (II) – (III)(C) (I) – (II) + (III)

(D) (I) + (II) – (III)

18. *^F(���N�����������(��4�( ���O����f(4������"��f@� � �E:��7��%� ����4'�������� ��'(7��A��4������ ��E����� ��(7F����� (7��F7Nt�4�����:��1���` i. )� ?(ii. G170���iii. -1���Ziv. ��$�(���_��:O������ H(A) i ��1���� ii(B) i, ii ��1���� iii(C) i, iii ��1����iv(D) i, ii, iii ��1����iv

19. ��(7F$��7 �)O7[4�����������$Z7�� I. GH17���(�5��E4��1���II. !5<����������)O�[��III. )��5(�1�4��u1����IV. !5<�����������AH(��:O������ H(A) I, III ��1���� IV(B) IV �E1�'(C) I, II ��1����III(D) II ��1����IV �E1�'

20. ��(������-1���Z4������"��4�����$�k

1. z--1���Z

2. t--1���Z

3. DX�7-������-1���Z

4. F--1���Z

�������4��������E�����m����������

-1���Z�� ��m4��� ��`

��:O������ H

(A) 1 �E1�'

(B) 3 �E1�'

(C) 1 ��1����2 �E1�'

(D) 3 ��1����4 �E1�'

21. ��(��������7n 1�4������"��>��4������O����

(7�7���(�'��������)� ���k

I. !)��c����7C��N��X�V�f���7n 1�

II. (���"]��������Cc����X�V�f���7n 1�

III. �E;�F��������>�4�I���7n 1�

IV. �C�vw������(� (���D�5(���Y�-3��;�Z

��:O������ H

(A) IV III I II

(B) I III II IV

(C) II III I IV

(D) III I IV II

Page 7: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 7 Paper III

������� Total Number of Pages : 32

17. According to Karl Marx the value of acommodity is equal to

I. Surplus value

II. Constant capital

III. Variable capital

Codes :

(A) (I ) + (II) + (III)

(B) (I) – (II) – (III)

(C) (I) – (II) + (III)

(D) (I) + (II) – (III)

18. The following is a list of activities in aneconomy. Which of them fall in thedomain of government according toMusgrave ?

i. Allocation

ii. Production

iii. Distribution

iv. Stabilisation

Codes :

(A) (i) and (ii)

(B) (i), (ii) and (iii)

(C) (i), (iii) and (iv)

(D) (i), (ii), (iii) and (iv)

19. An expansion of the government debtcould result in

I. Decline in savings

II. Increase in Interest rates

III. Decline in investment

IV. Reduction in interest rates

Codes :

(A) I, III and IV

(B) IV only

(C) I, II and III

(D) II and IV only

20. Consider the following distributions :

1. Z-distribution

2. t-distribution

3. Binomial distribution

4. F-distribution

Which of these are not sampling

distribution/s ?

Codes :

(A) 1 only

(B) 3 only

(C) 1 and 2 only

(D) 3 and 4 only

21. Identify the right chronological order of

the following :

I. Theory of Monopolistic Competition

II. Curnot’s Theory of Duopoly

III. Marshall’s Theory of Quasi-rent

IV. Sweezy’s Kinked Demand Curve

Analysis

Codes :

(A) IV III I II

(B) I III II IV

(C) II III I IV

(D) III I IV II

Page 8: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 8 K-0316

������� Total Number of Pages : 32

22. ��(������l��4������"�(7�7���(�'������

P��5��k

I. WTO ��O��

II. GATT ���G���4C����1���

III. GATT �����O��

IV. UNCTAD �����O��

��:O������ H

(A) I III II IV

(B) IV III II I

(C) III IV II I

(D) II IV I III

23. ��(��������$87��4������"�>��4�����7'�� 8�� ��

>b�J�n�E���>���(�'��������)� ���k

I. >b�N(����� -�����7n 1�

II. ���N�������1�����E4�F���@xX����������7n 1�

III. *5F�����1��\@4��_

IV. (75F�����1��\@4��_

��:O������ H

(A) III I IV II

(B) IV III II I

(C) I II III IV

(D) IV III I II

24. ��(��4���f@���E5����� WTO ��

>U�3���4������"��(7�7���(�'��������)� ��

I. )7 4�(7 4�

II. D7�

III. �X���j

IV. v�7

��:O������ H

(A) III II IV I

(B) I III II IV

(C) IV II III I

(D) II I IV III

25. ��(��4�������������+��c�4������"��>��4����

�7'�� 8�7���(7�7���(�'��������)� ���k

I. D7 D�+��c�

II. 47 U�+��c�

III. c���+��c�

IV. ��VF������+��c�

��:O������ H

(A) I II III IV

(B) II I IV III

(C) IV III II I

(D) I III IV II

Page 9: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 9 Paper III

������� Total Number of Pages : 32

22. Select the option having the right

Chronological order :

I. Formation of WTO

II. Uruguay Round of GATT

III. Formation of GATT

IV. Formation of UNCTAD

Codes :

(A) I III II IV

(B) IV III II I

(C) III IV II I

(D) II IV I III

23. Starting from the earliest, arrange the

following concepts in terms of their

development :

I. Revealed Preference Theory

II. Neuman and Morgenstein utility

theory

III. Ordinal utility

IV. Cardinal utility

Codes :

(A) III I IV II

(B) IV III II I

(C) I II III IV

(D) IV III I II

24. Give a chronological order of the WTOConferences :

I. Hongkong

II. Bali

III. Nairobi

IV. Geneva

Codes :

(A) III II IV I

(B) I III II IV

(C) IV II III I

(D) II I IV III

25. Arrange the following in the order starting

from the earliest :

I. The Bombay Plan

II. The Gandhian Plan

III. The People’s Plan

IV. Sarvodaya Plan

Codes :

(A) I II III IV

(B) II I IV III

(C) IV III II I

(D) I III IV II

Page 10: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 10 K-0316

������� Total Number of Pages : 32

26. ��(��4���:��7��������4��7b�J�n��+��c�4������"

>��4�����P7$�E���(7�7���(�'��������)� ��$�k

I. ��_y����1������.�N������@_4��������4�'�>b�J�n

II. c7)����7����)�������4������������vz����

>b�E��

III. !J)�1���4����(7��F(�'��

IV. �7�]�F��4����>b�E��

��:O������ H

(A) I II III IV

(B) III I IV II

(C) II IV III I

(D) I III II IV

27. 1��\@4��_��� j !(���� U = f(x, y) A���K� 9

U = ���@� � 1��\@4��_-���K� 9� x ��1��� y� 4����

>���8����� @�@��/��:�������(��4��7����1��%�>���$�&

!P]��-�&���j !(���� yPxPC yx ⋅+⋅=

A���K� 9� Px ��1���� Py 9� ‘x’ )74��� ‘y’ ����(��4���

D��E����1��%�R���7K4�� �1��\@4��_���4�$;�T1

�E74���7.�N74��1���+� �����̀

(A)x

y

P

P

dydf

dxdf =

(B)y

x

PP

dydf

dxdf =

(C)y

x

PP

dydf

dxdf ==

(D)x

y

P

P

dydf

dxdf ==

28. K {�! :�7��9� L {�3�'��9� w {�(���9

r {�!5<����9� C {�G170���7�O�[��/ ���

87-����9�����O�[����Y���AHP7�����"

(Slope) __________ �(�,)7(�!)�����%

(A)wC

(B) Lrw

rC ⋅−

(C)rw

(D)LC

29. (������/��:�����f@4������"��)� ���k

��IJ – I ��IJ– II

a) H0�1��70��7K4� 1) ��������E��J?|(�

>�����"����$�/ ��� �E��$

�C�(�$��������

b) 5�'����*a� 2) /��:����-.���}'�:� 4����7��$ ���;������7���������

c) ~(���������c���� YN 3) .��71��(�7�&���?���-1���Z

d) ���7��$�> !)����(� 4) (X�,xC����-1���Z

��:O������ H

a b c d

(A) 2 4 3 1

(B) 1 2 3 4

(C) 2 4 1 3

(D) 4 1 2 3

Page 11: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 11 Paper III

������� Total Number of Pages : 32

26. Arrange the following major urban

development programmes by the year of

their implementation starting from the

earliest to the latest.

I. Integrated Development of Small

and Medium Towns

II. Jawaharlal Nehru National Urban

Renewal Mission

III. Megacity Programme

IV. Smart Cities Mission

Codes :

(A) I II III IV

(B) III I IV II

(C) II IV III I

(D) I III II IV

27. The utility function is given as U = f(x, y),

where U = total utility and x and y are the

two goods consumed. The budget

constraint is given as yPxPC yx ⋅+⋅= ,

where Px and Py are the prices of ‘x’ and

‘y’ respectively. The condition for

maximisation of utility is

(A)x

y

P

P

dydf

dxdf =

(B)y

x

PP

dydf

dxdf =

(C)y

x

PP

dydf

dxdf ==

(D)x

y

P

P

dydf

dxdf ==

28. Following symbols are given K = Capital,

L = Labour, w = wage rate, r = Rate of

Interest, C = Cost of Production. The

slope of the ISO-cost line is given by

(A)wC

(B) Lrw

rC ⋅−

(C)rw

(D)LC

29. Match the following :

List – I List – II

a) Acceptance of 1) Simple random

H0

when it is sampling

falles

b) Mean equal to 2) Type II error

degrees of

freedom

c) Population is 3) Positively

homogeneous skewed

distribution

d) Mean > Mode 4)2χ distribution

Codes :

a b c d

(A) 2 4 3 1

(B) 1 2 3 4

(C) 2 4 1 3

(D) 4 1 2 3

Page 12: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 12 K-0316

������� Total Number of Pages : 32

30. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) �����7�D�5( 1) �E���(�]@��Y -8�v�(���_

b) ��a������Y 2) v4����D�

c) �����W����Y 3) >��N���N�D�5(

d) (� (��D�5(���Y 4) >���E��1

5) �7�Fc�(�(� �7��

��:O������ H

a b c d

(A) 1 4 5 3

(B) 3 5 4 2

(C) 1 5 3 2

(D) 4 2 3 1

31. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) !J)�1��1�����-(�� 1) �7:7����7n 1�

b) >���-�1��3�'���� 2) >B�F����V�X( �#���

c) 7N�7���D���I4�� 3) /����� 1�'

d) *^F(��D���I4�� 4) (��P��]�W��$87;

��:O������ H

a b c d

(A) 4 3 2 1

(B) 1 2 3 4

(C) 2 3 4 1

(D) 3 4 1 2

32. ���(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) >b�N(���� -�� 1) (7��F��E(�WF��7n 1�

b) )O��[�$��LM N 2) �7�����C�$��

c) (� (���D�5(�� 3) �7N���N��������Y

d) -�1�4�H��� 4) /%�!��u����*�� ����&

��:O������ Ha b c d

(A) 3 1 2 4

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

(D) 4 2 1 3

33. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) > 1����7\e��� 1) (��;�T��D ! �D�7N�7�����&

b) (X47$(7���& 2) ����1���1�*����N�����f@

c) (�J\���& 3) a�E

d) (��d������& 4) /=W�L���7��

��:O������ H

a b c d

(A) 2 1 3 4

(B) 4 3 1 2

(C) 1 2 4 3

(D) 3 4 2 1

Page 13: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 13 Paper III

������� Total Number of Pages : 32

30. Match the following :

List – I List – II

a) Offer curve 1) MarketSegmentation

b) Laffer curve 2) Sticky price

c) Lorenz curve 3) Reciprocaldemand

d) Kinked demand 4) Inequalities

curve

5) Public revenue

Codes :

a b c d

(A) 1 4 5 3

(B) 3 5 4 2

(C) 1 5 3 2

(D) 4 2 3 1

31. Match the following :

List – I List – II

a) Theory of 1) RodanBig Push

b) Unlimited supply 2) Arthur Lewisof labour

c) Trade as an 3) Emeryengine of growth

d) Concept of 4) Kuznetseconomic growth

Codes :

a b c d

(A) 4 3 2 1

(B) 1 2 3 4

(C) 2 3 4 1

(D) 3 4 1 2

32. Match the following :

List – I List – II

a) Revealed 1) Karl Marx

preference

theory

b) Surplus value 2) Paul Sweezy

c) Kinked demand 3) Samuelson

curve

d) Point of 4) A. Bergson

constrained bliss

Codes :

a b c d

(A) 3 1 2 4

(B) 1 3 4 2

(C) 2 1 3 4

(D) 4 2 1 3

33. Match the following :

List – I List – II

a) Foreign trade 1) Minimum

policy support price

b) Industrial policy 2) Balanced

budget

c) Agricultural policy 3) FEMA

d) Fiscal policy 4) Exim policy

Codes :

a b c d

(A) 2 1 3 4

(B) 4 3 1 2

(C) 1 2 4 3

(D) 3 4 2 1

Page 14: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 14 K-0316

������� Total Number of Pages : 32

34. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) 471�'(,���� ! U��� 1 1) 1=β+α~$(�����'&a�

b) 471�'(,���� ! U��� 1 2) 1>β+αAH(�����'&a�

c) 471�'(,���� ! U��� 1 3) 1<β+α�������'&a�

d) (��4��u-(�����'&a� 4) 1, >βα

��:O������ H

a b c d

(A) 2 3 1 4

(B) 2 3 4 1

(C) 3 2 4 1

(D) 3 2 1 4

35. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) 4��_(� 1) :7����7���=��

b) ��'�N1���!� 2) *��%�/a�%�Y7��

c) )�_�������1�1 3) P%�/�L�%�(���W

d) ��'�N1����7+� 4) P��L�W��]7j��

��:O������ H

a b c d

(A) 1 3 2 4

(B) 2 1 4 3

(C) 2 3 1 4

(D) 3 2 4 1

36. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) ����� )������-�& 1) 3������E���(�]@

b) O� �7']���-�& 2) *)7�����&

c) >bv1������ 3) �7N������.7��Z��-�&

d) P%�P%�A�7����-�& 4) D7N (�4������.7��Z

��:O������ H

a b c d

(A) 1 3 4 2

(B) 4 1 2 3

(C) 2 3 1 4

(D) 3 2 4 1

37. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��I�J – II

a) *��3�F�*�7�� 1) O7��WF��]XDM]�1$4

b) �7c=������*^F(� 2) t�����/%�aX����7n 1�

c) ���H�����7�Fc�(� 3) /a�%��7�L�������(��4����

d) 3����N��*.7$1� 4) > 1�I�:M��W*���N�����f@

��:O������ H

a b c d

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

(D) 3 4 1 2

Page 15: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 15 Paper III

������� Total Number of Pages : 32

34. Match the following :

List – I List – II

a) Increasing returns 1) 1=β+αto scale

b) Decreasing returns 2) 1>β+αto scale

c) Constant returns 3) 1<β+αto scale

d) Diminishing returns 4) 1, >βα

Codes :

a b c d

(A) 2 3 1 4

(B) 2 3 4 1

(C) 3 2 4 1

(D) 3 2 1 4

35. Match the following :

List – I List – II

a) Multiplier 1) Don Patankin

b) Liquidity trap 2) R. F. Khan

c) Neutrality of 3) J. M. Keynes

Money

d) Liquidity Spectrum 4) James Tabin

Codes :

a b c d

(A) 1 3 2 4

(B) 2 1 4 3

(C) 2 3 1 4

(D) 3 2 4 1

36. Match the following :

List – I List – II

a) Narasimham 1) Share marketCommittee

b) Chandrate 2) Food policyCommittee

c) Abhijit Sen 3) Law reformsCommittee

d) J. J. Irani 4) Banking reformsCommittee

Codes :

a b c d

(A) 1 3 4 2

(B) 4 1 2 3

(C) 2 3 1 4

(D) 3 2 4 1

37. Match the following :

List – I List – II

a) Optimal income 1) Charles Tiebouttaxation

b) An economic 2) Peter A. Phyrrtheory of politics

c) Local public 3) F. Ramseygoods

d) Zero based 4) Anthony Downsbudgeting

Codes :

a b c d

(A) 3 1 4 2

(B) 2 3 1 4

(C) 3 2 1 4

(D) 3 4 1 2

Page 16: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 16 K-0316

������� Total Number of Pages : 32

38. ��(�������4������"��)� ���!�#�$�k

��IJ – I ���IJ– II

a) ~$(�O�[���(X47$( 1) �������@�����7F�U��V�X(����Y

b) AH(�O�[���(X47$( 2) .��71��(���P7$(�����7F�U��V�X(���Y

c) �����O�[����(X47$( 3) s�Z71��(�P7$(�����7F�U��V�X(���Y

��:O������ H

a b c

(A) 1 2 3

(B) 3 2 1

(C) 2 3 1

(D) 2 1 3

39. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) ��'��3�F�����$Z7�� 1) (���W

b) �� ��&������$Z7�� 2) :�����D$

c) !5<���������$Z7�� 3) }4��

��:O������ H

a b c

(A) 1 2 3

(B) 2 3 1

(C) 3 2 1

(D) 3 1 2

40. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) 100qpqp

00

01 ×∑∑ 1) }3���

b) 100qpqp

qpqp

1000

1101 ×××

∑ ∑∑ ∑ 2) �73[

c) 100qp

qp

qp

qp

10

11

10

01 ××∑∑

∑∑ 3) (���

d) 100qp

qp

0

1 ×∑∑ 4) �E;�F��

��1���/:�z�1�F

��:O������ Ha b c d

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

41. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) A �7'.����;� 1) ��4������� ��M(���F(7��F(�'��

b) ����7 2) �7�Ev(�� �� ��(�6Z7(7��F(�'��

c) ��'�7�� 3) *���4�N�(7��F(�'��

d) *�L��*���j�E 4) d(�6_�(7��F(�'��+��c�

��:O������ Ha b c d

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

Page 17: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 17 Paper III

������� Total Number of Pages : 32

38. Match the following :

List – I List – II

a) Increasing cost 1) Horizontal

industry long run supply

curve

b) Decreasing 2) Positively sloped

cost industry long run supply

curve

c) Constant cost 3) Negatively

industry sloped long run

supply curve

Codes :

a b c

(A) 1 2 3

(B) 3 2 1

(C) 2 3 1

(D) 2 1 3

39. Match the following :

List – I List – II

a) Demonstration 1) Keynes

effect

b) Wealth effect 2) Duesenbery

c) Interest rate 3) Pigou

effect

Codes :

a b c

(A) 1 2 3

(B) 2 3 1

(C) 3 2 1

(D) 3 1 2

40. Match the following :List – I List – II

a) 100qpqp

00

01 ×∑∑ 1) Fisher

b) 100qpqp

qpqp

1000

1101 ×××

∑ ∑∑ ∑ 2) Paasche

c) 100qp

qp

qp

qp

10

11

10

01 ××∑∑

∑∑ 3) Kelly

d) 100qp

qp

0

1 ×∑∑ 4) Marshall

and

Edgeworth

Codes :a b c d

(A) 1 2 3 4

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

41. Match the following :

List – I List – IIa) Indradhanush 1) Urban

InfrastructureProgramme

b) RUSA 2) Social ProtectionProgramme

c) PRASAD 3) HeathProgramme

d) Aam Admi 4) EducationBima Yojana Programme

Codes :a b c d

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

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

Page 18: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 18 K-0316

������� Total Number of Pages : 32

42. ��(�������4������"��)� ���!�#�$�k

��IJ – I ����IJ – II

a) /a�%�t%�Q%��E(�F 1) ?��"� ��1���� DH�3����n14��� ! U�

b) ji/���)7�� 2) (X47$(7�E(�F G1�0��"4����

c) /%�v%��E(�F 3) �� ��,$����)�_�yG1�0��"4����

d) i%�/��%�i%��E(�F 4) (�J\�G1�0��"4����

��:O������ H

a b c d

(A) 3 4 1 2

(B) 3 1 4 2

(C) 2 1 4 3

(D) 1 4 2 3

43. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) �� ! .� 1) ���E3�'��_

b) >����71� 2) (7 �3'�I

c) (7��F���1����(7��_ 3) v+���ENf'(�W���7��$

d) �7\e����*�7���� 4) 4��_.���F> =�> 3�

��:O������ H

a b c d

(A) 4 3 1 2

(B) 3 4 1 2

(C) 1 4 2 3

(D) 3 1 4 2

44. ��(�������4������"��)� ���!�#�$�k

��IJ – I ��IJ – II

a) >���8����*U(�N 1) �+�� fa�

b) ��$)7������N1�N�� 2) ���N������$87; �4F���@xX��

c) 1��\@�4��_�� 3) R(�W���O�N (�

d) *�7���-.7����E��$ 4) �E;�F��

��:O������ H

a b c d

(A) 1 2 3 4

(B) 4 3 2 1

(C) 4 2 3 1

(D) 1 4 3 2

45. �����,&����(A)�k :��N���D$������)�� 19�>���8��4���1����*�7������� ! .�����"-����F4�H���74����%

<"������(R)�H >���8��4��������N��*�7������"���E1�'>� j����9��R ���*�7������"�(��:�>� j����1���%

��:O������ H

(A) /��:���(A)���1����(R)�4�������$9�)74��(R)9�(A) �����$�E���-���Z

(B) /��:���(A)���1����(R)�4�������$9�)74��(R)�9�(A) �����$�E���-���Z�� �

(C) (A)�������$9�*����(R)���$�� �

(D) (A)�������$�� ��9�*����(R)���$

Page 19: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 19 Paper III

������� Total Number of Pages : 32

42. Match the following :

List – I List – II

a) FPO Mark 1) For purity of

gold and silver

b) BIS Hallmark 2) Industrial

products

c) AG Mark 3) Processed fruit

products

d) ISI Mark 4) Agricultural

products

Codes :

a b c d

(A) 3 4 1 2

(B) 3 1 4 2

(C) 2 1 4 3

(D) 1 4 2 3

43. Match the following :

List – I List – II

a) Association 1) Regression

b) Ratio 2) Time series

c) Cause and 3) Geometric

effect mean

d) National 4) Attribute

income data

Codes :

a b c d

(A) 4 3 1 2

(B) 3 4 1 2

(C) 1 4 2 3

(D) 3 1 4 2

44. Match the following :

List – I List – II

a) Consumer 1) Leontief

surplus

b) Concept of 2) Neuman

compensating Morgenstein

variation

c) Utility index 3) Hicks

number

d) Input output 4) Marshall

model

Codes :

a b c d

(A) 1 2 3 4

(B) 4 3 2 1

(C) 4 2 3 1

(D) 1 4 3 2

45. Assertion (A) : Dusenberryhypothesized thatconsumption andincome relationship isirreversible.

Reason (R) : Consumption dependsnot only on currentincome but also onprevious income.

Codes :

(A) Both (A) and (R) are correct and (R)is the correct explanation of (A)

(B) Both (A) and (R) are correct and (R)is not correct explanation of (A)

(C) (A) is correct, but (R) is not correct

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

Page 20: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 20 K-0316

������� Total Number of Pages : 32

46. �����,&����(A)�H c4���3�� 8�4��&������)�H���� 19� � ���� ��3���>�����D���I4�����'='+�����>3������D���I4�����">���8�-���1����)74���>����7N�7���(��7���4�����(��4��u1����%

<"������(R)�H �7;�e4������a���4�H4�D�5(��*�7�����&�7���(�1�C>U(�7����1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

47. �����,&����(A)�H �7;�e4������������(��7N�7�����-3�C���G170�����1����*�7������"��)?[���1���%

<"������(R)�H (�5��>b�J�n��)� ����7;�e4�����7N�7������'+��c��4������"�����E��7�)� ?(�������� �%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

48. �����,&����(A)�H c������Xc�(��7N_���>����7���7;�e4������"��3'�I�(�$�� �91��7�*�7��������!F �7.���7��%

<"������(R)�H !:��7;�e4�������!)���7 ��7\e����*�7���������E4�������A �%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

49. �����,&����(A)�H}3����>�������O�N (���9�7N�0�����)74����7N3[�>������O7N (�4����P7-�f'(����7��$�E����1���%

<"������(R)�H >������������ �����1���> 3��� ������$�(64����:����"1�Jt���5���1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

Page 21: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 21 Paper III

������� Total Number of Pages : 32

46. Assertion (A) : Jagadish Bhagawati

stated that a country in

its growth process

would experience

inneherting growth and

deterioration of terms of

trade.

Reason (R) : Income elasticity of

demand for the country’s

exports is high.

Codes :

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

47. Assertion (A) : Free trade among

nations will increase

world output and

income.

Reason (R) : Less developed

countries do not share

equally in the gains

from trade.

Codes :

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

48. Assertion (A) : Per capita income

figures are poor tools of

ordinal ranking of

countries with respect

to the real well being.

Reason (R) : A good portion of the

national income in poor

countries is unreported.

Codes :

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

49. Assertion (A) : Fisher index number is

the geometric mean of

Laspeyer and Paasche

Indices.

Reason (R) : It satisfies both time

reversal and factor

reversal tests.

Codes :

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

Page 22: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 22 K-0316

������� Total Number of Pages : 32

50. �����,&����(A)�H 7IcN�D7N (��4�H ���(�J\4

�������7����7 ����

4����7)�F�~$(�E� ��%

<"������(R)�H ��)�(7$��� l4�����)�_���(���1

��1���� � (����� ��F)�Z�� B�

�����N4�H ���!�� �&��%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

51. �����,&����(A)�HGH17��4������'&a� ����"

���?�� ���7���E1�'

!5<����=, 1���Xc�!5<������

)O��[��G�����(��%

<"������(R)�H GH17��4������������'&a�

��1����D�����@4�����-���EF1��(�

�� ! .��)� �%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

52. �����,&����(A)�H 87��1�������)�_(7�����&+� ���)�_���!�������"(�5�4�H������ �%

<"������(R)�H ( ����7O��(��> 3�4�����#� �7��D�4������ ���7�������N1)� ����K��(������7�c:�1�C�)� �%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

53. �����,&����(A)�H �a����-���.787����7�����c4�&�����>�������7��(� :���!���1���%

<"������(R)�H �E������(��4�H4����(����!�������(��4���� 8�N�A+���>��(���������(��4��7�%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

Page 23: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 23 Paper III

������� Total Number of Pages : 32

50. Assertion (A) : Lending by Commercial

Banks to agriculture

has not increased

appreciably.

Reason (R) : Co-operative societies

suffer from lack of funds

and poor management.

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

51. Assertion (A) : Real rate of interest is a

better indicator of returns

on savings than nominal

rate of interest.

Reason (R) : There exists an inverse

relationship between the

price level and the return

on savings.

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

52. Assertion (A) : In India, monetary policy

alone can not reduce

inflation.

Reason (R) : There are structural

factors which make

prices rigid in the

downward direction but

flexible in the upward

direction.

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

53. Assertion (A) : Giffin’s paradox rarely

occurs in the real world.

Reason (R) : Inferior goods are

those for which suitable

substitutes are

available.

Codes :

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

Page 24: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 24 K-0316

������� Total Number of Pages : 32

54. �����,&����(A)�H ��3�������!F ��4�F���c��$4��)7����E:������(7,�)�_(7���� ���4�����-(���>��(�6I���%

<"������(R)�H �7�E��N� c��1����>b�J�n��'+��c��4������"��:�������(�,�����)��]�����"�G1��v��������>�3�N(�7��%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

55. �����,&����(A)�H ���(���>B�F�N���������(���W��4��_(�������?[��>B�F�N�����������(���W4��_(�=, 1��(�5��A�%

<"������(R)�H *������> ?�����'�J&����>���8��4����> ?����'�J&�� 1���E74� �>U(�-���1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

56. �����,&����(A)�H��$��V_F��X�V�f������

l�(�(,��D������"

��'87-�� ��*4����� �%

<"������(R)�H ��$��V_F��X�V�f����

~(������7�������(��4������"

�E���74��1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

57. �����,&����(A)�H (���������(��4����D�5(��

*�7�����&�7���(�1�C��

s�Z71��(�7��%

<"������(R)�H *�7���)?[�� 19�*�7����

)O�[���������=, 1��O�[

)O�[��74��������(��4����9

�7'.7��N1���:���1��%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

Page 25: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 25 Paper III

������� Total Number of Pages : 32

54. Assertion (A) : Financial inclusion is

desirable to help

weaker sections of

society in the country.

Reason (R) : Investment activity

needs to be promoted to

facilitate the access to

development benefits by

masses.

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

55. Assertion (A) : The open economy

Keynesian multiplier is

less than the closed

economy Keynesian

multiplier.

Reason (R) : The marginal propensity

to import is always

greater than marginal

propensity to consume.

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

56. Assertion (A) : A firm under perfect

competition, can not

influence prices.

Reason (R) : Homogeneous products

are sold in a perfectly

competitive market.

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

57. Assertion (A) : For inferior goods, the

income elasticity of

demand is negative.

Reason (R) : As income rises, goods

on which spending

grows relatively faster

than income will occupy

a rising share of income.

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

Page 26: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 26 K-0316

������� Total Number of Pages : 32

58. �����,&����(A)�H (���W��>������'(7����N=�4����!$����4������"��>B�7D7 :�4������"��A��@(�����17��%

<"������(R)�H ~( ����(���W��>������'(7��)�_�����]7@��!��(��D�5(����>�d[1�14�� ! U1�7��%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

59. �����,&����(A)�H >����1���1��D���I4��7n 1������'(7���--.�� ��4�����-b��"������4�����D���I4�)� ���1��%

<"������(R)�H *^F(��� ��4���> 1��7� !������"!���(���� ��A�����)7��(7$�E4��1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

60. �����,&����(A)�H 7N�7��- ����A�������&4)�����74�����(��7N�7��� ���G170���7��1����>���8��4���'+��c��4�����A%

<"������(R)�H 7N�7��� �74������'+��c����471�'��� �7N�7��� ���*4���D���N17N�����471�'� ����C1� 1�'7����1���%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

61. �����,&����(A)�k )(�[���Q#�������7n 1���9�7 ��'�7#�(����7n 1��� 11�� �71��(��O�[����"���?���1���%

<"������(R)���k )(�[���Q#�������7n 1���1�� �71��(��O�[����7n 1�����"R D7������� ��%

��:O������ H

(A) (A)���1����(R)�/��:�����$���1����(R)�9

(A) �����$�E���-���Z�E��%

(B) (A)���1����(R)�/��:�����$�*���� (R)9

(A) �����$�E���-���Z�E� �

(C) (A)���$9�*����(R)�1����0

(D) (A)�1����0�9�*����(R)���$

Page 27: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 27 Paper III

������� Total Number of Pages : 32

58. Assertion (A) : According to Keynes

individuals hold either

cach or all bonds.

Reason (R) : Because, according to

Keynes, the speculative

demand for money is

associated with

uncertainty.

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 (R) is false

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

59. Assertion (A) : In the unbalanced

theory of growth,

different sectors grow at

different rates.

Reason (R) : This allows utilization

of interdependence of

economic sectors.

Codes :

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

60. Assertion (A) : Compared to no trade,

there are production and consumption

gains to a country from free trade.

Reason (R) : The magnitude of gain

from trade is

independent of the

magnitude of price

change from no trade.

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

61. Assertion (A) : Heckscher-Ohlin theory

indicates the classical

theory of comparative

costs.

Reason (R) : Heckscher-Ohlin theory

does not go behind the

comparative cost theory.

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

Page 28: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 28 K-0316

������� Total Number of Pages : 32

62. ��(�������4��������E��������$�� ���`

(A)YC

APCΔΔ=

(B)YC

MPCΔΔ=

(C)YC

APC =

(D) 1APSAPC =+

63. � ���������G1�0��"���Y�������(��4�:4)���� 19���'&�! :�7���l�(�(,�3�'����> ?���17 &'(��!���7�Z��������(MRTSLK)

A���1���

(A)dLdK−

(B)dLdK

(C)dKdL

(D)dKdL−

64. O��������?1�'����"��?&'��74�9�/�7���j ���4����� �������������Y�����9�/:�� ����! (,(�7b����7���K�9�*4��>�����"��R�4 ���)����17��%(A) ��$��V_F�.��71��(����)��� ! .�(B) �������.��71��(����)��� ! .�(C) ��$��V_F�s�Z71��(����)��� ! .�(D) ��)��� ! .�- �

65. ��(�������E������� ������3����>b�J�n���7�E��N����O�N (�7���`(A) )O��[�9�)O��[��(X47$(4����(B) >U(��v�������@(C) >U(���Xc�1��7�7��(D) ���.7$1���7$4��E.�N��

66. ‘‘Current Daily Status’’ ��$87�������"�E���� ��8�F������!�����74��1����`

(A) )�_�����V�X(����X�� �������7��$�� 4�')�����E��������

(B) -��d�-�������� 4�')�����X�� ������7��$��� 4�')�����E��������

(C) )�_���!������������E��������

(D) G��N�4�����1����������N�4����E��������

67. ‘‘Glocalisation’’�/ !�)������$87�����~�����"�����?���1����`

(A) P74�&(�����@������+��?�9����H������@������(7��F��'�J1���74�������

(B) ���H�������@������+��?�9�P74�&(����@������(7��F��'�J1���74�������

(C) -3�C�47'�����$(� 0�

(D) ���(����E���(�]@

68. �����1$4�����"��-U��74�

(A) ��$Z7�����1����)����!�����N=������74��1���

(B) ��$Z7�����1$4�7���������*4��1���

(C) )�����1������$Z7�����D���D����N=�4������74��1���

(D) )������1$4�7���������A���1���

69. ��(�������E��>����71�����"��*�7��)� ?(��������>���E��1�����"���E�����E:� ��!�����1���`

(A) / 4���>����71�

(B) �aw���>����71�

(C) ������ Pw���>����71�

(D) 4������>����71�

Page 29: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 29 Paper III

������� Total Number of Pages : 32

62. Which of the following is NOT correct ?

(A)YC

APCΔΔ=

(B)YC

MPCΔΔ=

(C)YC

APC =

(D) 1APSAPC =+

63. For downward movement along an ISO-quant, MRTS of labour per unit of capital(MRTSLK) is given by

(A)dLdK−

(B)dLdK

(C)dKdL

(D)dKdL−

64. While drawing a scatter diagram if allpoints appear to form a straight line goingdownward from left to right, then it isinferred that there is(A) Perfect positive correlation

(B) Simple positive correlation(C) Perfect negative correlation

(D) No correlation

65. The generally accepted index of aCountry’s development is(A) More and more industries

(B) Higher standard of living(C) Higher real per capita income

(D) Improved means of transport

66. ‘‘Current Daily Status’’ is a concept used

in measuring

(A) Daily average stock of money

supply

(B) Daily average stock of foreign

exchange reserves

(C) Rate of inflation

(D) Employment and unemployment

67. The new term ‘‘Glocalisation’’ refers to

(A) Think globally and act locally

(B) Think locally and act globally

(C) Accept global village concept

(D) Market openness

68. In the case of a direct tax

(A) Impact and incidence will be on the

same person

(B) Impact will be on tax payer

(C) Incidence and impact will be on

different persons

(D) Incidence will be on the tax payer

69. Income inequality is measured by

(A) Engle ratio

(B) Giffen ratio

(C) Gini-Lorenz ratio

(D) Gossen ratio

Page 30: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 30 K-0316

������� Total Number of Pages : 32

70. -��d�-�������E���(�]@������gD���(���_h��~�����"���N(����5���1����`(A) )�_���>���LM N(B) 8�-;�N������-��d�-�������

4� :7 1�������"����=6�����A��������(C) 8�-;�N������-��d�-�������

4� :7 1���� �����(�6Z(D) -��d�-��������� 1�'_

\�����4�����&� ��,��"������](�71�. &��757�"�7����G#��.�.�H

�E���(�]@��-8�v�(���_(,�)� 7����> 3�4����(7��_7�%�>��4�� �����E���(�]@� � �� ��(�F���1���> 8�N1��������N17N��4����9����H�����E���(�]@4���������.�N�&F4���� )�1��f9�Y7����� ����� ��0.F����'�E_9� �� �H���� �E���(�] @4���� � *�71�� 8�$�����7�EB�NF9� ���H�����7�7����� �� 4�')�Z7� �7��B�NF9�� 54������ � 8�N-����� ���� �M(���F4�������1����X1�$4�>��4�������(�����-(9�D�4�����7�7�����(7�7�U��1�� �� D�� ��F;� @� � �� �� ,��Z7� O� [� 9� �E���(�] @-8�v�(���_� �7��G170��(����1����47')�(����D�����>U(�� ��'�E_��� �N17N��4��74��1��%����N17N��4������'��3�4�H4����-�1�7���K���9�A��$ �7���X1�������1���47')�(�$!�����)?[���O�[4������"��8�$��D�(74��1���%

��3��7��N 1��� ����D����4�$;�T����1�����(��;�T�D�����:��-��� >����71�����"� D�� O�������-(� / ���� �(�,)7(��74��1���%���>����71����� ��(,� �����7���K�9D������ �O�������-(� A �� �)74��� (�J\�G1�0��"4�H4~(����������E���(�]@��A��/ ����>BXF���74��1���%�*���87��1������ � D�� O�������-(� >U(�7����K� 9� A���>��$(7������A�����D��O�������-(� 1��3�%�100�����@>U(�7��%

�E���(�]@��-8�v�(���_���(�J\�G1�0��"4������V�X(������H�����9�> ����(�J\�G170���#� ���> &��47')�(�����4�)� 7����>�(��4������"����J\@���1���%

71. �E���(�]@��-8�v�(���_� �7����(������E������)O7[4��1����̀(A) G170��(�1(B) *�7��(C) G170��(������1����47')�(����D����:��-��

�N17N��(D) G170��(�$4���:������)7��.���

72. D��O�������-(�����"����(�������E��������:��-����N17N�� �����(�,��E:��74��1����`(A) --.���4�F����X1�������:�����D�4����(B) �7'��d(���D��>����71�4����(C) --.��D�4�������:�����D�4����(D) G170��(������1����47')�(����D�

73. �������� =��������?���� 1���V�X(�������H��/��:���(��4����(A) ��4����7N�7$���1����? ���7N�7$(B) ��(7F�����1����47')�(����(C) (�J\(����1������ ��,��_�l�(�(D) (�J\(����1����47')�(�

74. G1�0��"4����D��O�������-(���>����71���_________�*��7K4�9�~(����������E���(�]@A��/ ����>BXF���74��1���%(A) � ���(B) ���"(C) 7NY7N������A�7K4�(D) R ������&� 1� ��(�5��A�7K4�

75. 87��1������ ��E���(�]@� �-8�v�(���_���'�J&����)O7[4� ��(7��_(A) (�J\(����!:�1���(B) ��(7F�������7��=�(C) D��>�d[1�14����(D) ��.�N�&F4����

Page 31: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

K-0316 31 Paper III

������� Total Number of Pages : 32

70. Hedging in the foreign exchange marketrefers to

(A) An act of devaluation

(B) Not covering a risk of foreignexchange in future

(C) Covering a risk of foreign exchangein future

(D) Foreign exchange control

Paraphrasing : Read the following passageand answer Q. 71 – 75 :

The causes of market segmentation are many

differences in remoteness and connectivity,

local market power of intermediaries, degree

of private sector competition, propensity of

regional exposure in shocks, local storage

capacity, mandi infrastructure and farmers’

access to them, storage life of the crop and

specific processing cost. Market segmentation

results in large differences in producer and

consumer prices. Although these differences

are location specific, they result in higher

costs for both farmers and consumers alike.

Price dispersion in measured as the ratio

between the highest and the lowest price of

the crop in a country, i.e. if this ratio were equal

to be one, it would imply that there is no price

dispersion and that there is one common

market. Price dispersion in India is about 100

percent greater than in the US.

Market segmentation also creates a "wedge"

at various points in the supply chain from the

farm-gate to the final consumer, in India.

71. Market segmentation results in higher

(A) Productivity

(B) Income

(C) Price spread

(D) Subsidies

72. Price-dispersion is calculation,differences between

(A) Prices received by categories offarmers

(B) Regional price ratios

(C) Prices received for different crops

(D) Producer’s price and consumer’sprice

73. The two ends of the supply-chain asindicated in the above paragraph are

(A) Wholesaler and retailer

(B) Government and consumers

(C) Farmers and processor

(D) Farmer and consumer

74. For a common market to exist, the pricedispersion is expected to be

(A) One

(B) Zero

(C) Undefined

(D) Lesser than before

75. In India, market segmentation isreinforced due to

(A) Poverty of farmers

(B) Inactivity of the government

(C) Price uncertainties

(D) Intermediaries

Page 32: III Test Booklet Serial No. : ECONOMICS Test Subject Code ...kset.uni-mysore.ac.in/question_papers_2016/Question Paper 3/K-0316... · K-0316 3 Paper III Total Number of Pages : 32

Paper III 32 K-0316

������� Total Number of Pages : 32

K#����@7�E��,L4���̂��Space for Rough Work