SHREE GURU KRIPA S INSTITUTE OF MANAGEMENT

Transcription

1 Name. Roll No.. Date: SHREE GURU KRIP S INSTITUTE OF MNGEMENT MODEL EXM CPT ECONOMICS & MTHS Total Marks: 00 Time: hours Total No. of Questions: 00 No. of Printed pages: 8

2 . is the Banker s Bank in India. (a) Scheduled Bank (b) Federal Bank (c) RBI (d) World Bank. Fiscal Policy means (a) Policy relating to Money and Banking in a country (b) Policy relating to Public Revenue and Public Expenditure (c) Policy relating to Non Banking Financial Institutions of the above 3. bolition of Intermediaries and Tenancy Reforms are both parts of (a) Industrial Reforms in India (b) External Sector Reforms in India (c) Land Reforms in India (d) Banking Reforms in India 4. s per RBI s New Classification, M + Term Deposits with Banks with maturity over one year + Call/Term borrowings of the Banking System is denoted by (a) M (b) M (c) M3 (d) M4 5. Under Monopoly, Price Elasticity of Demand is (a) Nil (b) Less Elastic (c) More Elastic (d) Infinity 6. Under Oligopoly, if one Firm reduces its prices, the other Firms will generally (a) reduce their prices (b) increase their prices (c) not react at all (d) exit the market 7. Quantitative Restrictions have been removed for all kinds of imported consumer goods, except (a) Defence goods (b) Sensitive goods (c) Environmentally hazardous goods (d) all Of the above 8. Under which market structure, average revenue of a firm is equal to its marginal revenue (a) Monopoly (b) Monopolistic competition (c) Oligopoly of the above 9. Excess Capacity is the essential characteristic of the firm in the market form of: (a) Monopoly (b) Perfect competition (c) Monopolistic competition (d) Oligopoly 0. The cost that firm incurs in hiring or purchasing any factor of production is referred as: (a) Explicit cost (b) Implicit cost (c) Variable cost (d) Fixed cost. The lender of last resort means (a) The government coming to the rescue of poor farmers. (b) Central Bank coming to the rescue of other banks in times of financial crisis. (c) Commercial banks coming to the rescue of small industrial units. of the above.. Which of the following statements is correct? (a) Rural areas have nearly 38 per cent of bank branches but more than 70 per cent of the population residing there. (b)banks are evenly spread out. (c)most of the banks have almost nil NPs. (d)none of the above. 3. In order to encourage investment in the country, the RBI may (a) Reduce CRR. (b) Increase CRR. (c) Sell securities in the open market. (d) Increase Bank Rate. 4. s a result of the New Industrial Policy, 99: (a) The public sector has been stripped off all its power. (b) The public sector has been given the commanding heights of the economy. (c) The public sector s portfolio will be reviewed with greater realism. The focus will be on strategic high tech and essential infrastructure industries. (d) The public sector s management has been passed over to the private sector. 5. FER stands for (a) Foreign Export Revaluation ct. (b) Funds Exchange Resources ct. (c) Finance and Export Regulation ssociation. (d) Foreign Exchange Regulation ct. 6. FEM stands for (a) Foreign Exchange Management ct. (b) Funds Exchange Management ct. (c) Finance Enhancement Monetary ct. (d) Future Exchange Management ct.

3 7. s a result of the foreign trade reforms: (a) The number of import licenses has increased. (b) Only a few types of goods and services can now be exchanged freely. (c) EPCG scheme has been abolished. (d) The average tariff rates have been reduced. 8. ll of the following statements except one are correct about the Foreign Trade Policy, Identify the incorrect statement: (a) Certain thrust areas like agriculture, handlooms, handicrafts etc. were identified. (b) Vishesh Krishiupaj Yojana was started. (c) Served from India scheme was started. (d) The entry of FDI in India was restricted. 9. means integrating the domestic economy with the world economy. (a) Globalisation. (b) Privatisation. (c) Liberalisation. (d) Disinvestment. 0. FDI is prohibited in all of the following except: (a) atomic energy (b) Lottery business, (c) Gambling and betting (d) Banking operations. The combined phenomenon of stagnation and inflation is called. (a) demand-pull inflation. (b) cost-push inflation. (c) money inflation. (d) stagflation.. Which state shows are lowest infant mortality rate in India? (a) Uttar Pradesh (b) ndhra Pradesh (c) Kerala (d) Tamil Nadu 3. Which of the following is not a current account transaction? (a) Exports (b) Insurance (c) Dividend (d) External Commercial Borrowings 4. Pradhanmantri Bharat Jodo pariyojana is related to : (a) Communication (b) Social Integration (c) Linking of rivers (d) Development of highways 5. India s telephone network is in the world (a) second largest (b) smallest (c) largest (d) third largst 3 6. Of the major ports, has been the top traffic handler for the last five years. (a) Paradip. (b) Cochin. (c) Kandla. (d) Mumbai. 7. Indigo and Kingfisher are examples of (a) private schools. (b) private airlines. (C) private ships. (d) private railways. 8. Our postal network is in the world. (a) the largest network. (b) fifth smallest. (c) tenth largest. (d) tenth smallest. 9. India s debt service ratio is. (a).5 (b) 6 (c) 30.5 (d) Price discrimination is related to (a) Time (b) Size of purchase (c) Income (d) ny of the above 3. The demand curve of monopoly will be (a) Upward Sloping (b) Downward sloping (c) Vertical (d) Horizontal 3. Stock exchange market is an example of (a) Unregulated market (b) Regulated market (c) Spot market 33. In a Cost Function, the Price of Factors of Production is a/an (a) Dependent Variable (b) Independent Variable (c) Either (a) or (b) (d) Neither (a) nor (b) 34.. Cost is not relevant for Decision Making (a) Economic (b) Opportunity (c) Sunk (d) Incremental Cost 35. When Price =`0, quantity demanded is 5 units, and when Price =`8, quantity demanded is 6 units. What is the Marginal Revenue resulting from an increase in output from 5 units to 6 units? (a)`8 negative (b)`8 positive (c)` negative (d)` positive

4 36. If Marginal Cost = MC, and Marginal Revenue = MR, and MC < MR, the Firm should (a) Increase its output. (b) Reduce its output (c) Operate at the present level itself. (d) Should shut down. 37. In Economics, a place where Buyers and Sellers meet and bargain over a commodity for a price is called (a) Den (b) Shop (c) Market (d) Exchange 38. If Total Product (TP) is maximum, Marginal Product (MP) will be (a) Positive (b) Negative (c) Zero (d) Infinity 39. Change in Scale means that all Factors of Production are increased or decreased (a) In different proportions (b) In the same proportion (c) To infinity of the above 40. Energy obtained from Radioactive Elements is called (a) Thermal Electricity (b) Hydro Electricity (c) tomic Energy (d) Non Commercial Energy 4. ll India Power Grid is also called (a) Thermal Power Grid (b) Central Government Grid (c) National Power Grid (d) Nuclear Power Grid 4. carry more than 40% of the total road traffic in India. (a) National Highways (b) State Highways (c) Rural Roads (d) Unsurfaced Roads 43. In the context of Shipping, GRT stands for (a) Gross Released Tonnage (b) Gross Required Tonne weight (c) Gross Registered Tonnage (d) Gross ReplenishableTonne weight 44. The present membership of WTO is countries. (a) 60 (b) 80 (c) 50 (d) Production = Satisfaction of Utility. This statement is (a) True (b) False (c) Partially True of the above 46. The functions of an Entrepreneur include (a) Initiating a business enterprise and resource co ordination (b) Risk bearing or uncertainty bearing (c) Introducing Innovations on a continuous basis (d) ll of the above Use this information for below 4 qns Competitive Firm sells its product at Market Price of`5 per unit. The Fixed Cost is`300 and Variable Cost for different level of production are shown in the following table. nswer the following questions Quantity Variable Cost Fixed Cost Total Cost VC TC MC 47. When production is 30 units, the verage Variable Cost is (a) 70.6 (b) 60.6 (c) 6.6 (d) When Production is 50 units, Marginal Cost is (a) 65 (b) 55 (c) 45 (d) To maximize profit, the Firm should produce (a) 30 units (b) 0 units (c) 0 units (d) 40 units 50. If the Market Price drops from`5 to`47, the Firm should (a) Close down (b) Produce 0 units (c) Produce 30 units (d) Produce 0 units 5. Relative frequency for a particular class (a) Lies between 0 and (b) Lies between 0 and, both inclusive (c) Lies between and 0 (d) Lies between to. 5. Median of a distribution can be obtained from (a) Less than type O gives (b) Point of Intersection of Less than and greater than O gives. (c) Both a and b 4

5 53. Refer following table: Frequency distribution of weights of 6 students Weight in kg. No. of students (Class interval) (Frequency) Total 6 Find Frequency density of the second class interval. (a) 0.80 (b) 0.90 (c).00 (d) What is the GM for the numbers 8,4, and 40? (a) 4 (b) (c) (d) n aeroplane flies from to B at the rate of 500 km/hour and comes back from B to at the rat of 700 km/hour. The average speed of the aeroplane is (a) 60 km per hour (b) km per hour (c) km per hour (d) 60 km per hour 56. If the difference between mean and mode is 63, the difference between mean and median is (a) 89 (b) (c) 3.5 (d) % of the items of a data are less than 35 and 5% of the items are more than 75. Q.D. of the data is (a) 55 (b) 0 (c) 35 (d) If the Standard deviation of x is 3, what is the variance of (5 x)? (a) 36 (b) 6 (c) (d) The mean and Standard deviation for a group of 00 observations are 65 and 7.03 respectively. If 60 of these observations have mean and Standard deviation as 70 and 3 respectively, what is the Standard deviation for the group comprising 40 observations? (a) 6 (b) 5 (c) 4 (d) Compute the correlation coefficient between x and y from the following data. n = 0, x = 40, y = 50, xy = 0, x = 00, y = 6. (a) 0.33 (b) 0.5 (c) 0.9 (d) For a number of towns, the coefficient of rank correlation between the people living below the poverty line and increase of population is If the sum of squares of the differences in ranks awarded to these factors is 8.50, find the number of towns. (a) 0 (b) 50 (c) 0 (d) What is the coefficient of concurrent deviations for Demand and Supply relating to following data: Supply Demand Supply Demand (a) 0.8 (b) 0.85 (c) 0.89 (d) The regression equation are 8x 0y + 66 = 0 and 40 x 8y = 4 find the coefficient of correlation (a) 4/5 (b) 4/5 (c) 3/5 (d) 64. 8x 3y +7 = 0, 4x 7y + 6 = 0 are two regression equations then the correlation coefficient, r = (a) 0.86 (b) 0.86 (c) 0.45 (d) If the coefficient of correlation between two variables is 0.7 then the percentages of variation unaccounted for is (a) 70% (b) 30% (c) 5% (d) 49% 66. Out of numbers to 0, one is related at random what is the probability that it is divisible by 8 or 0. (a) 3/0 (b) 8/5 (c) 3/0 (d) 5/0

6 67. bag contains 3 red, 6 white, and 7 blue balls. If two balls are drawn at random, then the probability of getting both white balls is: (a) 5/40 (b) 6/40 (c) 7/40 (d) 4/ The independent probabilities that the three sections of a costing department will encounter a computer error are 0., 0.3 and 0. per week respectively. What is the probability that there would be at least one computer error per week? (a) 0.5 (b) 0.50 (c) 0.94 (d) In connection with a random experiment, it is found 3 5 that P () =, P(B) = and P( B) = Find P ( /B). (a) 3/8 (b) ½ (c) 3/0 (d) 5/8 70. random variable has the following probability distribution: X P Find E[x E(x)] and also obtain v(3x 4) (a) 5.55 and (b) 7.56 and 50.5 (c) 3.04 and 7.36 (d).4 and If x and y are independent variables with parameters 6 and and 4 and respectively, what is P(x + y )? (a) /04 (b) 03/04 (c) 53/04 7. Find the mean and standard deviation of x where x is a Poisson variate satisfying the condition P (x = ) = P(x = 3). (a) (b) 3 (c) 4 (d) X follows normal distribution with mean as 50 and variance as 00. What is P(x 60)? Given φ ( ) = (a) 0.35 (b) 0.89 (c) 0.45 (d) Value of a is different for different samples (a) Statistic (b) Skill (c) Both 75. Which sampling provides separate estimates for population means for different segments and also an overall estimate? (a) Multistage sampling (b) Stratified sampling (c) Simple random sampling (d) Systematic sampling 76. Standard error of mean may be defined as the standard deviation in sampling distribution of (a) Mean (b) Median (c) Mode 77. In test for means of Paired data, if the computed value is than the table value the difference is considered significant. (a) Lesser (b) Greater (c) Moderate 78. random sample of size 7 has 5 as mean. The sum of squares of deviation from mean is 60. The 99% confidence limits for the mean are [Given t 0.0,5 =.60, t 0.0, 6 =.58, t 0.0, 7 =.57, t 0.005,6 =.9 t 0.05,7 =.90] (a) [43., 6.55] (b) [45.36, 59.35] (c) [4.77, 6.3] (d) [48.77, 56.3] 79. Finite population multiplier is (a) (b) (c) N N n N n N N N n N n (d) N 80. The makes index numbers time reversible. (a) M (b) GM (c) HM 6

7 8. Fisher s ideal index is (a) rithmetic mean of Laspeyre s and Paasche s index. (b) Median of Laspeyre s and Paasche s index. (c) Geometric mean of Laspeyre s and Paasche s index. (d) Geometric mean of Bowley s and Paasche s index. 8. The index used to measure changes in total money value is called (a) Price index (b) Quantity index (c) Value index 83. In a circular test the condition must be satisfied (a) P P P0 0 = (b) P P P0 0 0 = P0 P0 P = (c) 84. Consumer price index number goes up from 0 to 00 and the Salary of a worker is also raised from`35 to`500. Therefore, in real terms he has no gain, to maintain his previous standard of living he should get an additional amount is: (a) ` 85 (b) ` 90.9 (c) ` From the following data Commodity Base Yr Current Yr 9 Price 934 Price 6 0 B C 4 6 D E 8 The price index number for the year 934 using simple aggregate method is: (a) (b) 45 (c) From the following data Group Weight Index Number Base: = 00 Food 50 4 Clothing Fuel and 3 04 Light Rent 6 56 Miscellaneous 9 79 The Cost of Living Index numbers is: (a) 4.5 (b) 3.9 (c) 5.3 (d) Compute the spliced price index for the year 993 from the following data. Year Price Index Old [990=00] Revised [995=00] (a) 89.6 (b) 87.6 (c) 94. (d) If x and y are two independent variance follow poison distribution in the parameters m & m respectively. If z = x + y and also follows the poison distribution then the parameter of Z is (a) m m (b) m. m (c) m + m 89. card is drawn from a pack of playing cards at random. What is the probability that the card drawn is neither a king nor a heart? (a) 4 3 (b) 9 3 (c) The third quartile and 65 th percentile for the following data are Profits in 000 ` No. of firms Less than (a) ` and`984 (b) ` and`8680 (c) ` and`9000 (d) ` 3350 and`950 7

8 9. For a moderately skewed distribution of marks in statistics for a group of 00 students, the mean mark and median mark were found to be 50 and 40. What is the modal mark? (a) 5 (b) 0 (c) 5 (d) The correlation is said to be positive (a) When the values of two variables move in the same direction. (b) When the values of two variables move in the opposite direction. (c) When the values of two variables would not change Two variables X and Y are related as 4x + 3y = 7, then the Correlation between x and y is (a) Perfect Positive (b) Perfect Negative (c) Zero 94. If b yx and b xy are both positive, then (a) + < b b r (b) (c) (d) yx b yx b yx byx xy b xy b xy bxy > < = r r r 95. The probability density function of a normal variable x is given by (a) (b) x μ σ f(x) = e for < x < σ π f(x) (x μ) σ = e for 0 < x < σ π (x μ) σ (c) f(x) = e for < x < πσ 96. Find the points of inflexion of the normal curve (x 0) f(x) = e 3 for < x < 4 π (a) 7 and 3 (b) 8 and (c) 6 and 4 (d) 5 and population comprises 3 numbers, 6, 4. Find all possible no. of samples of size two with replacement. (a) 7 (b) 6 (c) In 005, Price Index is 86% with base 995. Then how much price increased in 005 with base 995? (a) 86 % (b) 386 % (c) 86 % (d) 86 % 99. The mean deviation about median of a standard normal variate is (a) 0.675σ (b) (c) 0.80σ (d) If X and Y are two independent random variables such that X χ m and Y χ n, then the distribution (X+Y) is (a) Normal (b) Standard normal (c) T (d) Chi square 8