DESTINATION-CA DESTINATION-CA DESTINATION-CA

Size: px

Start display at page:

Download "DESTINATION-CA DESTINATION-CA DESTINATION-CA"

Joshua Dennis
6 years ago
Views:

01. is the another name of PPC. Indifference curve ISO = Product curve Transformation curve Dimension utility curve 02. When the Economy makes technological progress, then PPC will shift?

1 01. is the another name of PPC. Indifference curve ISO = Product curve Transformation curve Dimension utility curve 02. When the Economy makes technological progress, then PPC will shift? Inward to the left Rightward to the right A movement along the same curve A point outside the curve 03. Indian s economy can best described as Capitalist economy Socialist economy Traditional economy Mixed economy 04. When the price of a commodity increases from Rs. 8 to Rs. 9 then the demand decreases by 10%. The price Elasticity of demand is : When TU is maximum, MU is: Zero Negative Fall Positive 06. All wants of an individuals are not of: Equal importance Immediate importance Fixed importance All of the above 07. Change in demand due to change in price is known as Change in demand Change in quantity demanded Income demand Cross demand 08. Other things being equal, a fall in the price of complementary good will cause the of the other to rise. Price Supply Demand Utility 09. Which is correct about price elasticity of demand? It is several degrees and natures It is unaffected due to change in price of other goods It is immeasurable concept It is due to direction of change in price 10. Supply refers to Stock of goods available for sale Stock of goods Quantity supplied at a particular price at a given time Actual production of the goods 11. Which of the following is not a consumption: Burning of gas when cooking of food Burning of furniture in an accident of fire Eating of an Ice-Cream Burning of crackers on Diwali 12. Planning curve is related to which of the following: Short-run average cost curve Long-run average cost curve Fixed cost curve Average variable cost curve 1

2 13. Long-period production function is related to : Law of variable proportions Law of diminishing marginal utility Law of returns to scale 14. What is the MC of 6th unit of output? Q TC An IC curve is a curve which represents all those combinations of two goods which give satisfaction to the consumer. Greater Increasing Decreasing Equal 16. Production is defined as : Creation of matter Creation of infrastructural facilities Creation of utility in matter 17. ISO quant represent The combinations of two inputs which are capable of producing the same level of output The combinations of all the inputs which are capable of producing the same level of output The combinations of more than two inputs None of the above. 18. Kinked DD curve under oligopoly is designed to show : Price & output Price rigidity Price & Leadership Collusion among rivals 19. The firm will attain equilibrium at a point where MC curve cuts curve from below: AR MR AC AVC 20. Horizontal Demand curve, Parallel to X-axis indicates, that the elasticity of Demand is Zero Infinite >1 <1 21. The meaning of time element in economics is Calendar time Clock time Operational time which supply adjusts with the market demand 22. Which of the following is not true about perfect competition? Purchase and sale of homogeneous goods Free entry and exit Mobility of factors of production Presence of advertisement 23. Monopolist can control only Price Utility Demand Both a) & b) 1-C, 2 B, 3- D, 4-A 1-A, 2 B, 3- C, 4-D 24. Match in following 1. Green Revolution 2. Yellow Revolution 3. Blue Revolution 4. White Revolution 1-B, 2 C, 3- A, 4-D 1-D, 2 A, 3-B, 4-C (A) (B) (C) (D) oil seeds Fish Milk Agriculture 2

3 25. Which is of taxes are included in prices? Direct Indirect Progressive Regressive 26. Which of the following taxes are imposed by the state Govt.? Entertainment tax Corporate tax Income tax Custom duties 27. GDP at factor cost = GDP at market price + subsidies GDP at market price + subsidies Indirect tax GDP at market price - subsidies + Indirect tax GDP at market price + subsidies +Indirect tax 28. Which of the following is true? In Primary sector, GDP is increasing Secondary sector contributes maximum to GDP Both a) & b) Service sector contributed maximum to GDP 29. GDP at market prices = GNP at MP - Depreciation GNP at MP - NFIA GNP at FC - Depreciation GNP at FC - NFIA 30. National manufacturing policy aims at % by Principle problems of Micro, Small, Medium enterprises in India Non-availability of cheap and adequate capital Difficulty in marketing their products Inadequate supply of raw materials All of the above 32. Which of the following is correct? Increase in the % of per capita income is less than the increase in % of national income Increase in the % of national income is less than the increase in % of per capita income Per capita income rises when population increases Per capita income rises when population increases 33. The ratio of female to male in 2011 was lowest in Bihar Kerala Punjab Haryana 34. Tendulkar committee estimates poverty in India as % Union budget estimates gross fiscal deficit as percentage of GDP at 5% 4.5% 4.1% 3.0% 36. Current A/c of BOP doesn t include: Balance of Trade Balance of service Balance of unilateral transfers Foreign investment 37. Which of the following can t remove poverty in India? Population control Increase in production Govt. Subsidies Equitable distribution 38. In which unemployment marginal productivity of labour is zero. Frictional Structural Disguised Chronic 3

4 39. National dividend measures money value of goods and services produced by residents of the country during current year. Producer Consumer Intermediary Final 40. Which of the following measure will helping checking inflation? Monetary controls Increase public expenditure Increase in investments Devaluation 41. Which of the following organization gives interest free loans to the poor countries? International Monetary Fund World Bank International Financial Corporation International Development Association 42. Globalization refers to : Creation of global trading block Dismantling barriers in matters of national trade Integrating domestic economy with the world economy Opening industries to Private sector 43. The Pre-conditions for privatization is Liberalization and de-regulated economy Capital markets should be sufficiently developed Capital outflow to other countries Both a) & b) 44. Jan Dhan Yojana as the main objective of Bank development Deposit mobilization Financial inclusion Mixed economy 45. The RBI Classifies currency with public plus demand deposits with the public. M 1 M 2 M 3 M Monetary policy in India is formulated by: FICCI Planning commission RBI Govt. of India 47. Functions of money doesn t include : Medium of exchange Store of value Measure of value Employment generation 48. Lowering of margin requirements by Central Bank borrowings? Encourages discourages No impact 49. Which of the following will not control credit expansion: Decrease CRR Decrease Repo rate Sale of securities Giving more liquidity with Banks 50. In order to Control Credit CRR should be increased and bank rate should be decreased CRR should be reduced and bank rate should be reduced CRR should be increased and bank rate should be increased CRR should be reduced and bank rate should be increased. 4

5 51. If log x = m + n, log y = m n the log : Part B - Quantitative Aptitude 1-m + 3n m-1+3n m+3n If p x = q, q y = r, r z = p 6 then the value of xyz is: (2p 2 q 2 ) = 7pq where p, q are positive then p:q 5 : 6 5 : 7 3 : 5 3 : If one type of rice of cost Rs is mixed with another type of rice of cost Rs the mixture is sold at Rs with a profit of 14.6% on selling price then in which proportion the two types of rice mixed? 3 : 7 5 : 7 7 : 9 9 : If, are the roots of the quadratic equation 2x 2 4x = 1, then the value of + : The age of a person is 8 years more than thrice the age of the sum of his two grandsons who were twins. After 8 years his age will be 10 years more then twice the sum of the ages of his grandsons. Then the age of the person when twins born is : 86 years 73 years 68 years 63 years 57. Roots of the cubic equation x 3 7x + 6 = 0 are : 1,2,3 1,-2,3 1,2,-3 1,-2, In a school number of students in each section is 36. If 12 new students are added, then the number of sections are increased by 4, and the number of students in each section becomes 30. The original number of sections at first is: A person on a tour has Rs for his expense. But the tour was extended for another 16 days, so he has to cut down his daily expenses by Rs. 20. The original duration of the tour had been? 48 days 64 days 80 days 96 days 60. The common region represented by the in equalities 2x + y 8, x + y 12, 3 x + 2y 34 is: Unbounded In feasible Feasible and bounded Feasible and unbounded 61. A sum of money will be doubled itself in 8 years at S.I. In how many years the sum will be tripled itself? 20 years 12 years 16 years 62. A sum of 44,000 is divided into 3 parts such that the corresponding interest earned after 2 years, 3 years and 6 years may be equal at the rate of simple interest are 6% p.a., 8% p.a., & 6% p.a. respectively. Then the smallest part of the sum will be: Rs. 4,000 Rs. 8,000 Rs. 10,000 Rs. 12,000 5

6 63. A person has 10 friends of which 6 of them are relatives. He wishes to invite 5 persons so that 3 of them are relatives. In how many ways he can invites? A student has 3 books on computer, 3 books on Economics, 5 on Commerce. If these books are to be arranged subject wise then these can be placed on a shelf in the number of ways: 25,290 25,920 4,230 4, The number of 4 digit numbers that can be formed from seven digits 1,2,3,5,7,8,9 such that no digit being repeated in any number, which are greater than 3000 are: In an A.P. if the 3rd term is 18, 7 term is 30 then the sum of first 20 terms is: Let S be the sum, P be the product and R be the sum of reciprocals of n terms of a G.P. then P 2Rn: S2n S-n n S S-2n n terms: [10n+1 9n 10] [10n+1 9n 10] [10n+1 9n 10] 69. N is the set of all natural numbers and E is the set of all even numbers. If f : N all x ε N is: One one and onto One one into Many one onto Can t say 70. E defined by f(x) = 2x, for : log log 6 Continuous at x = 0 Not continuous 71. f(x) =, x 0 and f(0) = 2 then f(x) is: Un defined Continuous at x = If exy 4xy = 4 then : 73. If xp. yq = (x+y)p+q then : 6

7 74. dx is equal to: dx: 1 e - 1 (e 1) 76. The number of observation between 150 and 200 based on the following data is: Value More than 100 More than 150 More than 200 More than 250 Number of Observations No. of accidents Frequency In how many cases 4 or more accidents occur? The curve obtained by joining the points, whose x-coordinates are the upper limits of the class-intervals and y coordinates are the corresponding cumulative frequencies is called: Ogive Histogram Frequency Polygon Frequency Curve 79. Histogram is used for the presentation of the following type of series: Time series Continuous frequency series Discrete series Individual series 80. If the Harmonic means of two numbers is 4 and Arithmetic mean (A) and Geometric mean (G) satisfy the equation 2A + G 2 = 27 then the two numbers are: (1, 3) (9,5) (6,3) (12,7) 81. The perpendicular line drawn from the intersection of two ogives which touches at point in X-axis: Median Mode Third quartile First quartile 82. Co-efficient of QD is equal to : x 100 x 100 x If every observation is increased by 5 then: SD increases by 5 MD increased by 5 7

8 QD increases by The SD of X is known to be 10 then the SD of 50+5X is: None affected When r = 1, all the points in a scatter diagram would lie: On a straight line directed from lower left to upper right On a straight line On a straight line directed from upper left to lower right Both & 86. The two regression lines are: 16x 20y =0 and 80x -30y 428 = 0, the value of correlation coefficient is There are 6 positive and 8 negative numbers. Four numbers are selected at random without replacement and multiplied. Find the probability that the product is positive: 88. P(A1) = 3/8; P(A2) = 2/3; P(A1 A2) = ¼ then A1 and A2 will be: Mutually exclusive & independent Exclusive but not independent Independent but not exclusive 89. The sum of two numbers obtained in a single throw of two dice is S. Then the probability of S will be maximum when S = An unbiased coin is tossed 3 times, the expected value of the number of heads is: In the Binomial distribution the parameters are n and p, then X assumes value: Between 0 and n Between o and n both inclusive Between 0 and 1 Between o and 92. In distribution, Mean = Variance: Binomial Normal Poisson 93. Under normal curve: μ 3 covers of the area of items 100% 99.73% 99% 99.37% 94. If a random sample of size 2 with replacement is taken from a population containing the units then the sample space would be: (1,3) (1,5) (3,5) (1,1) (3,3) (5,5) (1,3) (1,5) (3,5), (3,1) (5,1) (5,3), (1,1) (3,3) (5,5) (1,3) (3,1) (1,5) (5,1) (3,5) (1,1) (3,3) (5,5) 1, 3 and Which sampling provides separate estimates for population means for different segments and also an overall estimate? Multistage sampling Stratified sampling Simple random sampling Systematic sampling 8

9 96. According to Neyman s allocation in stratified sampling: Sample size is proportional to the product of population size and its SD Sample size is proportional to the sample SD Sample size is proportional to the sample variance Population size is proportional to the sample variance 97. The criteria for an ideal estimator are: Unbiasedness, consistency, efficiency and sufficiency Unbiasedness, expectation, sampling and estimation Estimation, consistency, sufficiency and efficiency Estimation, expectation, unbiasedness and sufficiency 98. play a very important role in the construction of index numbers: Weights Classes Estimate 89. Factor reversal test is: x x 100. If with a rise of 10% in prices the wages are increased by 20% the real wage increases by: 10% More than 10% 20% Less than 10% 9

10 SECTION C : GENERAL ECONOMICS Answers 101 C 111 B 121 C 131 D 141 D 102 B 112 B 122 D 132 A 142 C 103 D 113 B 123 A 133 D 143 D 104 A 114 C 124 C 134 B 144 C 105 A 115 D 125 B 135 C 145 A 106 D 116 B 126 A 136 D 146 C 107 B 117 A 127 B 137 C 147 D 108 C 118 B 128 D 138 C 148 A 109 A 119 B 129 B 139 D 149 C 110 C 120 B 130 A 140 A 150 C Answers SECTION D : QUANTITATIVE APTITUDE 151 A 161 C 171 C 181 A 191 B 152 D 162 B 172 B 182 A 192 B 153 A 163 C 173 A 183 D 193 C 154 A 164 B 174 C 184 A 194 C 155 C 165 C 175 D 185 A 195 B 156 B 166 A 176 B 186 C 196 A 157 C 167 C 177 C 187 D 197 A 158 D 168 C 178 A 188 C 198 A 159 C 169 A 179 B 189 B 199 A 160 C 170 B 180 C 190 C 200 D 10

Downloaded from

Downloaded from XII ECONOMICS SURE SHOT SHORT ANSWER QUESTIONS MICROECONOMICS UNIT - INTRODUCTION Q. Distinguish between microeconomics and macroeconomics. 3 Q.2 Discuss the central problems of an economy. Why do they