Question Paper Name: 143 Regional Development Economics 28th May 2019 Shift 2 Set 1
Subject Name: REGIONAL DEVELOPMENT: Economics
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Creation Date: 2019-05-28 18:53:27
Duration: 180
Total Marks: 100
Display Marks: Yes
Share Answer Key With Delivery Engine: Yes
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Actual Answer Key: Yes
REGIONAL DEVELOPMENT: Economics
Group Number: 1
Group Id: 128206108
Group Maximum Duration: 0
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Group Minimum Duration: 120
Revisit allowed for view?: No
Revisit allowed for edit?: No
Break time: 0
Group Marks: 100
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PART A
Section Id:
Section Number:
Section type: Online
Mandatory or Optional: Mandatory
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Number of Questions: 48
Number of Questions to be attempted: 48
Section Marks: 100
Display Number Panel: Yes
Group All Questions: No
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Sub-Section Number: 1
Sub-Section Id: 128206263
Question Shuffling Allowed: Yes
Question Number: 1 Question Id: 1282065811 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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When Comparing r² of two regression models, the model should have the same:
(a). X variables
(b). Y variables
(c). Error Term
(d). Beta coefficients
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Question Number: 2 Question Id: 1282065812 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
Suppose a country produces food (F) and clothing (C) by employing the factors capital (k) and labour (1). Consider food is relatively more capital intensive and clothing is relatively labour intensive. If there is an increase in (k / 1) ratio in the country due to some exogenous factor then according to Rybczynski Theorem -
(a). Output of both F and C must increase
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(b). Output of F will increase and output of C will fall.
(c). Output of F will fall and output of C will rise.
(d). Output of F will increase and output of C will be unchanged
Options:
12820622987. A
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12820622988. B
12820622989. C
12820622990. D
Question Number: 3 Question Id: 1282065813 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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In a Lin-log regression model, the regression slope coefficient gives:
(a). The relative change in Y for an absolute change in X
(b). The percentage change in Y for a given percentage change in X
(c). The absolute change in Y for a percentage change in X
(d). The amount of change in Y due to unit change in X
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Options:
12820622991. A
12820622992. B
12820622993. C
12820622994. D
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Question Number: 4 Question Id: 1282065814 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
A research that integrates theoretical framework and methodology form two or more distinct disciplines to provide a more comprehensive understanding of social problem is called
(a) Multidisciplinary research
(b) Transdisciplinary research
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(c) Interdisciplinary research
(d) Social research
Question Number: 5 Question Id: 1282065815 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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A firm faces the following marginal cost schedule and marginal revenue schedule respectively.
MC = 180+0.3 q2
MR = 540-0.6 q2
Total fixed cost is Rs. 65. Find out equilibrium output that the firm can make.
(a) 18
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(b) 20
(c) 15
(d) 27
Options:
12820622999. A
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12820623000. B
12820623001. C
12820623002. D
Question Number: 6 Question Id: 1282065816 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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Consider the following statements:
(A). "The structure we impose on our lives to reduce uncertainty is an accumulation of prescriptions and proscriptions together with the artefacts that have evolved as a part of this accumulation. The result is a complex mix of formal and informal constraints."
(B). "The prevailing inefficient property rights did not produce economic growth."
What do you understand from the above statements?
(a) Government is important for achieving higher economic growth
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(b) Institutions matter for understanding the differential performance of economies
(c) Market competition removes inefficiency in production
(d) None of the above
Options:
12820623003. A
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Question Number: 7 Question Id: 1282065817 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
The meaning of first order serial correlation and its consequence is
(a) Error term in period 't' is correlated with error term in the next period; downward bias in standard error
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(b) Error term in period 't' is correlated with error term in previous period; upward bias in standard error
(c) Error term in period 't' is correlated with error term in previous period; downward bias in standard error
(d) Error term in period 't' is correlated with error term in the next period; upward bias in standard error
Options:
12820623007. A
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12820623008. B
12820623009. C
12820623010. D
Question Number: 8 Question Id: 1282065818 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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The point of inflection of Normal distribution N(µ, s), with mean u and standard deviation s, are at:
(a). x = µ ± 2s
(b). x = µ ± s
(c). x = µ ± 3s
(d). Normal distribution does not have any point of inflection
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Options:
12820623011. A
12820623012. B
12820623013. C
12820623014. D
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Question Number: 9 Question Id: 1282065819 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
A 'footloose' industry is one which:
(a) Has no transport costs;
(b) Incurs higher transport costs if it is near its sources of raw materials rather than its market;
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(c) Incurs higher transport costs if it is near its market rather than its sources of raw materials;
(d) Is not bound by considerations of transport costs to be either near its sources of raw materials or its main market.
Options:
Question Number: 10 Question Id: 1282065820 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
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Correct Marks: 1 Wrong Marks: 0
If the nominal interest rate on a checking account is 2% and the inflation rate is 3% this year, the real interest rate is:
(a). 5%
(b). 2%
(c). 2/3%
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(d).-1%
Options:
12820623019. A
12820623020. B
12820623021. C
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12820623022. D
Question Number: : 11 Question Id: 1282065821 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
Which of the following would cause the demand curve for automobiles to shift to the left?
(a). An increase in the price of the automobiles
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(b). An increase in the interest rate paid to borrow money to pay for the automobile
(c). An increase in buyers' incomes
(d). An increase in the cost of production of automobiles
Options:
12820623023. A
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12820623024. B
12820623025. C
12820623026. D
Question Number: 12 Question Id: 1282065822 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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mer consumes 2 commodities x and y. The marginal utility of commodity x is zero while that of y is positive. The indifference
(a). Linear and downward sloping
(b). Upward sloping
(c). Linear and parallel to y axis
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(d). Linear and parallel to x axis
Options:
12820623027. A
12820623028. B
12820623029. C
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12820623030. D
Question Number: 13 Question Id: 1282065823 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
According to the monetarist acceleration theory, in the long-run,
(a). The actual unemployment rate will be below the natural rate of unemployment
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(b). The actual unemployment rate will be equal to the natural rate of unemployment
(c). The actual inflation rate will be equal to the natural inflation rate
(d). The money supply will be growing at a constant rate per year
Options:
12820623031. A
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12820623032. B
12820623033. C
12820623034. D
Question Number: 14 Question Id: 1282065824 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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If Y = V + W, then the rules of variance says:
(a). Var(Y) = Var(V) + Var(W)
(b). Var(Y) = Var(V) + Var(W) + 2Cov(V, W)
(c). Var(Y) = Var(V) + Var(W) + 2Cov(Y,V) + 2Cov(Y, W)
(d). Var(Y) = Var(V) + Var(W) – 2Cov(V, W)
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Options:
12820623035. A
Question Number: 15 Question Id: 1282065825 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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If the Average Revenue function AR = 10 + 5q-q², then the marginal revenue (MR) function is:
(a). Convex function
(b). Concave function
(c). Can be both Concave and Convex functions
(d). None of the above
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Options:
12820623039. A
12820623040. B
12820623041. C
12820623042. D
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Question Number: 16 Question Id: 1282065826 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
Consider a function y = f(x1, x2, x3). Let H1, H2 and H3 (= H) are the leading principal minors of the Hessian Determinant H. The function is having a Saddle point if
(a). H < 0 only
(b). H1 <0, H2 > 0 and H < 0
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(c). H1 > 0, H2 > 0 and H > 0
(d). H1 > 0, H2 > 0 and H < 0
Options:
12820623043. A
12820623044. B
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12820623045. C
12820623046. D
Question Number: 17 Question Id: 1282065827 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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Question Number: 18 Question Id: 1282065828 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
Indirect Utility function is the
(a). Utility function after optimization of Utility maximization problem
(b). Utility function after optimization of Expenditure minimization problem
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(c). Utility function with prices and income as its arguments
(d). Both (a) & (c) are correct
Options:
12820623051. A
12820623052. B
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12820623053. C
12820623054. D
Question Number: 19 Question Id: 1282065829 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
A Public good can be broadly characterized as
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(a). Excludable and Non Rival
(b). Non - Excludable and Non Rival
(c). Club Goods
(d). Excludable and Rival
Options:
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12820623055. A
12820623056. B
Question Number: 20 Question Id: 1282065830 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 1 Wrong Marks: 0
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A Compensated demand function:
(a). Can be negatively sloped, positively sloped or vertical straight depending upon the nature of the commodity.
(b). Always negatively sloped irrespective of the nature of commodity
(c). Can be negatively sloped for a Giffen commodity, positively sloped for inferior commodity
(d). Rectangular hyperbola for a normal commodity.
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Options:
12820623059. A
12820623060. B
12820623061. C
12820623062. D
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Sub-Section Number: 2
Sub-Section Id: 128206264
Question Shuffling Allowed: Yes
Question Number: 21 Question Id: 1282065831 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
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Which of the following results is referred to as the Todaro paradox?
(a) In equilibrium, the average of various urban wages weighted by the probability of employment in formal and informal sectors is equal to the agricultural wages.
(b) The surplus labour displaced from agriculture, instead of getting absorbed in the modern industrial sector are largely employed in the urban informal sector.
(c) It is not the wages, but the expectations of wages that are equalised across sectors.
(d) An expansion of the formal employment leads to an enlargement of the informal sector as it raises the expectations of migrants.
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Options:
12820623063. A
12820623064. B
12820623065. C
12820623066. D
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Question Number: 22 Question Id: 1282065832 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Which of the following statements are associated with rural credit markets?
1. There is substantial risk of default in the rural credit markets as the borrower might default on repayment of loans.
2. The risks of default might be involuntary, when it is because of factors such as crop failure.
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3. There is the possibility of voluntary default on the part of the borrower, when the borrower simply refuses to pay back the loan.
4. Weak contract enforcement and slow functioning of the legal machinery increases such risk.
Options
(a). 1, 2 and 3
(b). 1, 2 and 4
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(c). Only 1
(d). All of the above.
Options:
12820623067. A
12820623068. B
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12820623069. C
12820623070. D
Question Number: 23 Question Id: 1282065833 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
The limit of the function f(x) = lim |x|/x :
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(a). The limit of f (x) exists at x = -1
(b). Exists at x = 0
(c). Does not exists at x = 0
(d). All the statements are wrong.
Options:
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12820623071. A
12820623072. B
12820623073. C
12820623074. D
Question Number: 24 Question Id: 1282065834 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
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Correct Marks: 2 Wrong Marks: 0
Question Number: 25 Question Id: 1282065835 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
For what values of ß the matrix A is a symmetric matrix :
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ß ß²-1 -3
ß+1 2 ß² + 4
-3 4ß -1
(a). ß = 2
(b). ß = 1
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(c). ß = -2
(d). ß = 0
Options:
12820623079. A
12820623080. B
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12820623081. C
12820623082. D
Question Number: 26 Question Id: 1282065836 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
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Question Number: 27 Question Id: 1282065837 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
Which of the following statements are among the key arguments of the Prebisch-Singer hypothesis?
I. Trade relations between the centre and the periphery reinforce higher levels of development in the centre countries, while perpetuating a low level of development and poverty in the periphery countries.
II. The relationship between the centre and the periphery are complementary and harmonious.
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III. The advanced countries, dominated by oligopolistic industries are generally price-makers and the economies of the peripheries, specialising on primary products, are essentially price-takers, which causes the terms of trade of primary-product-based economies to deteriorate in the long-run.
IV. In places where the European colonisers faced high mortality rates, they could not settle permanently, and they were thus more likely to establish extractive institutions, which persisted after independence; in places where they could settle permanently, they established more development-minded institutions.
Options
(a). I
(b). I and II
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(c). I and III
(d). I, III and IV
Options:
12820623083. A
12820623084. B
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12820623085. C
12820623086. D
Question Number: 28 Question Id: 1282065838 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
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Agrarian relations might act as impediments to technical change. The landlord whose income is partly derived from rent paid by his tenant and partly from the interest on the loans that the needy sharecropper takes to overcome the consumption shortfall. The landlord may not be interested in technological improvement, as an increase in output is likely to increase the total earnings of the sharecropper as well. This idea is associated with which of the following theories?
(a) Marshallian inefficiency
(b) Bhaduri's model of semi-feudalism
(c) Mellor's theory of agricultural development
(d) Chayanov's model of peasant household decision-making
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Options:
12820623091. A
12820623092. B
12820623093. C
12820623094. D
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Question Number: 29 Question Id: 1282065839 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
Question Number: 30 Question Id: 1282065840 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical
Correct Marks: 2 Wrong Marks: 0
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What would be the confidence interval for the regression coefficient ß2 for the regression result of price inflation (P) on wage inflation given below (W). The standard errors are shown in parenthesis, sample size n = 20, the t value at the a = 0.05 is to.05 = 2.10:
P=-1.
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