Question Paper Name: ECONOMICS 216 27th May 2019 Shift 2 SET 1
Subject Name: ECONOMICS 216
Creation Date: 2019-05-27 18:58:43
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Duration: 180
Total Marks: 100
Display Marks: Yes
Share Answer Key With Delivery Engine: Yes
Actual Answer Key: Yes
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ECONOMICS 216
Group Number: 1
Group Id: 12820624
Group Maximum Duration: 0
Group Minimum Duration: 180
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Revisit allowed for view?: No
Revisit allowed for edit?: No
Break time: 0
Group Marks: 100
PART A
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Section Id: 12820
Section Number: 1
Section type: Online
Mandatory or Optional: Mandatory
Number of Questions: 50
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Number of Questions to be attempted: 50
Section Marks: 100
Display Number Panel: Yes
Group All Questions: No
Sub-Section Number: 1
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Sub-Section Id: 12820662
Question Shuffling Allowed: Yes
Question Number: 1 Question Id: 1282061300 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Match the items given in List - B with those in List - A:
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List - A
I. Innovation
II. Organic composition of capital
III. Sustainable Development
IV. Vicious circle of poverty
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The correct matching is:
List - B
1. Karl Marx
2. Brundtland Report
3. Schumpeter
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4. Ragnar Nurkse
a. 4231
b. 3124
c. 1342
d. 2413
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Options:
1282065133. A
1282065134. B
1282065135. C
1282065136. D
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Question Number: 2 Question Id: 1282061301 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Match the items given in List - B with those in List - A
List - A
I. A double Kaldor-Hicks Test
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II. Compensation Principle
III. Social Welfare Function
IV. Impossibility theorem
The correct matching is:
List - B
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1. A. Bergson
2. K.J. Arrow
3. T. Scitovsky
4. Kaldor-Hicks
a. 4132
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b. 3412
c. 3421
d. 4321
Options:
1282065137. A
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1282065138. B
1282065139. C
1282065140. D
Question Number: 3 Question Id: 1282061302 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
With reference to Small Banks and Payment Banks, consider the following statements:
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I. While both can accept deposits Payment Banks cannot issue debit cards.
II. While both are required to maintain CRR, Small Banks are also required to maintain SLR and PSL requirements.
III. Both have the same initial minimum capital requirement of Rs. 100 crs.
Which of the statements given above is/are correct?
a. I only
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b. I and II only
c. II and III only
d. All
Options:
1282065141. A
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1282065142. B
Question Number: 4 Question Id: 1282061303 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Consider the following statements regarding components of "double financial repression".
I. Statutory liquidity ratio (SLR) and Priority sector lending (PSL) requirements are a repression on the asset side.
II. Rising Non-Performing Assets (NPAs) and reduction in household's financial savings are a repression on the liability side.
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Which of the statements given above is/are correct?
a. I only
b. II only
c. Both
d. Neither
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Options:
1282065145. A
1282065146. B
1282065147. C
1282065148. D
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Question Number: 5 Question Id: 1282061304 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
With reference to Green Bonds in India consider the following statements:
I. Green bond is a debt instrument issued for renewable as well as non-renewable energy projects.
II. Both public and private sector banks can issue such bonds.
III. It is a low-risk bond as repayment is tied to the issuer rather than success of the project.
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Which of the statements given above is/are correct?
a. I and II only
b. I and III only
c. III only
d. None
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Options:
1282065149. A
Question Number: 6 Question Id: 1282061305 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
With reference to negative income tax, consider the following statements:
I. Negative income tax is the money paid by government to citizens who earn below a certain prescribed limit.
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II. It allows the claimants to receive income through simple filing of tax returns.
III. It may reduce the demand for welfare benefits.
Which of the statements given above is/are correct?
a. I and II only
b. I and III only
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c. II and III only
d. All
Options:
1282065153. A
1282065154. B
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1282065155. C
1282065156. D
Question Number: 7 Question Id: 1282061306 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Consider the following statements.
I. The income method of GDP calculation considers incomes received by factors of production only.
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II. The income method of GDP calculation provides a lower value of GDP than expenditure method for the same year.
Which of the statements given above is/are correct?
a. I only
b. II only
c. Both
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d. None
Options:
1282065157. A
Question Number: 8 Question Id: 1282061307 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Priority sector lending by banks in India favorably consider lending to which of the following sectors?
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I. Renewable Energy
II. Education
III. Housing
IV. Social Infrastructure
Which of the 4 options given above are correct?
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a. I and IV only
b. I, II and III only
c. I, II and IV only
d. All
Options:
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1282065161. A
1282065162. B
1282065163. C
1282065164. D
Question Number: 9 Question Id: 1282061308 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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With reference to Quantitative Easing, which among the following statements is/are correct?
I. It is a monetary policy in which the central bank sells government securities.
II. It is adopted to lower the interest rates and increase the money supply.
III. It can lead to higher rates of inflation.
Choose the correct answer from:
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a. only I and II
b. only III
c. only II and III
d. All
Question Number: 10 Question Id: 1282061309 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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With reference to money markets consider the following statements:
I. Call money refers to borrowing/lending of funds on overnight basis.
II. Notice Money refers to borrowing/lending of funds for period exceeding 14 days.
Which of the statements given above is/are correct?
(a) I only
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(b) II only
(c) Both
(d) Neither
Options:
1282065169. A
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1282065170. B
1282065171. C
1282065172. D
Question Number: 11 Question Id: 1282061310 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 would have inflationary effect on the economy?
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I. RBI releasing new bonds in the market
II. RBI decreasing the SLR
III. RBI increasing the Bank Rate
IV. Abolition of CRR
Choose the correct answer:
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a. I, II and III only
b. I and IV only
c. II and IV only
d. III and IV only
Options:
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1282065173. A
1282065174. B
1282065175. C
1282065176. D
Question Number: 12 Question Id: 1282061311 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 is/are examples of capital expenditure by the government?
I. Loan repayment
II. Interest payment on loan
III. Infrastructure
Select the correct answer:
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a. I only
b. I and III only
c. II and III only
d. All
Options:
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1282065177. A
1282065178. B
1282065179. C
1282065180. D
Question Number: 13 Question Id: 1282061312 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 statements is/are correct regarding Monetary Transmission?
I. It refers to the process by which a central bank's monetary policy decisions are passed on to the financial markets.
II. Rising Non-Performing Assets (NPAs) and higher returns on small savings schemes may hinder effective monetary transmission.
III. Lowering of CRR and SLR requirements may help ensure effective monetary transmission.
Select the correct answer:
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a. I and III only
b. II and III only
c. I and II only
d. All
Options:
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1282065181. A
1282065182. B
1282065183. C
1282065184. D
Question Number: 14 Question Id: 1282061313 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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With reference to Revenue Deficit consider the following statements:
I. It includes only those transactions that affect current income and expenditure of government.
II. It implies actual loss of revenue.
III. As per the FRBM Act, the government is required to reduce the revenue deficit to 3% of the GDP.
Which of the statements given above is/are correct?
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a. I only
b. I and II only
c. II and III only
d. I, II and III
Options:
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1282065185. A
1282065186. B
Question Number: 15 Question Id: 1282061314 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
With whom the concept of disembodied technical change is associated with:
I. Abramovitz
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II. Kaldor
III. Kendrick
IV. Solow
a. I and II
b. III and IV
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c. I, III and IV
d. II, III and IV
Options:
1282065189. A
1282065190. B
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1282065191. C
1282065192. D
Question Number: 16 Question Id: 1282061315 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Assertion (I): Solow model is a major improvement over Harrod-Domar Model.
Reason (II): Solow built a model of long run growth without the assumption of fixed proportions in production.
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Which of the following is correct?
a. (I) is correct, but (II) is not the correct reason of (I).
b. (I) is not correct, but (II) is correct.
c. Both (I) and (II) are correct.
d. Both (I) and (II) are incorrect.
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Options:
1282065193. A
1282065194. B
1282065195. C
1282065196. D
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Question Number: 17 Question Id: 1282061316 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 are the functions of Finance Commissions in India?
I. To make recommendations on the distribution of tax proceeds between Centre and the States.
II. To make recommendations on levying, removing or restructuring of taxes.
III. To recommend grants-in-aid under Article 275 of the Constitution.
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IV. To recommend plan and other grants under Article 282 of the Constitution.
a. I and II only
b. I and III only
c. I, III and IV only
d. All
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Options:
1282065197. A
1282065198. B
1282065199. C
1282065200. D
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Question Number: 18 Question Id: 1282061317 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 sources of auto correlation among the following are:
I. Omitted explanatory variables
II. Interpolation in the statistical observation
III. Mis-specification of the true random term 'v'
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IV. Economic variables to move together over time
a. I and II only
b. I, II and III only
c. I, III and IV only
d. All of the above
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Options:
1282065201. A
1282065202. B
1282065203. C
Question Number: 19 Question Id: 1282061318 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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Arrange the following acts in the order in which they came into force:
I. Competition Act
II. Foreign Exchange Management Act
III. Consumer Protection Act
IV. The Factories Act
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Choose the answer from the following:
a. II, I, IV, III
b. IV, II, III, I
c. IV, III, II, I
d. 3, 4, 2, 1
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Options:
1282065205. A
1282065206. B
1282065207. C
1282065208. D
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Question Number: 20 Question Id: 1282061319 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Consider the following statements in relation to Gender Budgeting:
I. 'Gender analysis' of the government's budget
II. Preparing a separate budget for women
III. Government of India adopted gender budgeting in 2005-06
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Choose the correct one from the options given below:
a. I, II are correct
b. I, III are correct
c. II, III are correct
d. All are correct
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Options:
1282065209. A
Question Number: 21 Question Id: 1282061320 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Consider the following statements about optimal tariff:
I. The beneficiary country is a large country in the world market for a particular good.
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II. A deviation from optimal tariff will lead to a fall in welfare.
Of the above, which statement is correct?
a. Both
b. Neither
c. Only I is correct
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d. Only II is correct
Options:
1282065213. A
1282065214. B
1282065215. C
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1282065216. D
Question Number: 22 Question Id: 1282061321 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Assertion (I): Friedman argues that money demand function is a stable function.
Reasons (II): Friedman treats money as one type of asset in which wealth holders can keep a part of their wealth.
Choose the correct answer from the options give below:
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a. Both (I) and (II) are true and (II) is the correct explanation of (I).
b. Both (I) and (II) are true, but (II) is not the correct explanation of (I).
c. (I) is true, but (II) is false.
d. (I) is false, but (II) is true.
Options:
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1282065217. A
1282065218. B
1282065219. C
Question Number: 23 Question Id: 1282061322 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
Improvement in the BOP deficit may be effected through:
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I. Import control
II. Export promotion
III. Foreign exchange control
IV. Devaluation
Choose the correct option from those given below:
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a. I and II are correct.
b. I, II, III and IV are correct.
c. II and III are correct.
d. I, II and III are correct.
Options:
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1282065221. A
1282065222. B
1282065223. C
1282065224. D
Question Number: 24 Question Id: 1282061323 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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Defining of unbalanced growth was propounded by:
I. Hirschman
II. Robert Solow
III. Singer
IV. Ragnar Nurkse
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Choose the correct option from those given below:
a. I and II are correct.
b. II and III are correct.
c. III and IV are correct.
d. I and III are correct.
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Options:
1282065225. A
1282065226. B
1282065227. C
1282065228. D
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Question Number: 25 Question Id: 1282061324 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option Orientation: Vertical Correct Marks: 2 Wrong Marks: 0
In the Keynesian macroeconomic system, speculative demand for money arises because of:
I. Uncertainty regarding future interest rates
II. Unexpected expenditures
III. To bridge the gap between income and eventual expenditure
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IV. Relationship between changes in the interest rates and bond prices
Choose the correct option from those given below:
a. I and III are correct.
b. I and IV are correct.
c. II and III are correct.
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d. III and IV are correct.
Options:
1282065229. A
1282065230. B
1282065231. C
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1282065232. D
Question Number: 26 Question Id: 1282061325 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 good X, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical downward-sloping straight line. A tax of $15 per unit is imposed on good X. The tax reduces the equilibrium quantity in the market by 300 units. The deadweight loss from the tax is:
a. $1,750.
b. $2,250.
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c. $3,000.
d. $4,500.
Options:
1282065233. A
1282065234. B
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1282065235. C
1282065236. D
Question Number: 27 Question Id: 1282061326 Question Type: MCQ Option Shuffling: No Display Question Number: Yes Single Line Question Option: No Option
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