UGC NET Past Year Question Paper II: Economics (December 2013) | UGC NET Past Year Papers PDF Download

 Page 1


1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty 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 this cover page. Do not accept
a booklet without sticker-seal and do not accept an 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.
(iii) After this verification is over, the OMR Sheet Number
should be entered on this Test Booklet.
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 :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the OMR
Sheet given inside the Paper I Booklet only. If you mark
at any place other than in the circle in the OMR Sheet, it will
not be evaluated.
6. Read instructions given inside carefully.
7. Rough Work is to be done in the end of this booklet.
8. If you write your Name, Roll Number, Phone Number or put
any mark on any part of the OMR Sheet, except for the space
allotted for the relevant entries, which may disclose your
identity, or use abusive language or employ any other unfair
means such as change of response by scratching or using
white fluid, you will render yourself liable to disqualification.
9. You have to return the test question booklet and Original
OMR Sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall. Y ou are, however, allowed to carry duplicate
copy of OMR Sheet on conclusion of examination.
10. Use only Blue/Black Ball point pen.
11. Use of any calculator or log table etc., is prohibited.
12. There is no negative marks for incorrect answers.
13. In case of any discrepancy in the English and Hindi versions,
English version will be taken as final.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
D-01-13 1 P.T.O.
1. ‡ÃÖ ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®Ö µÖŸÖ ãÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ …
2. ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ ²ÖÆãü×¾ÖÛú»¯Öß µÖ ¯ÖÏ¿®Ö Æïü …
3. ¯Ö¸üßõÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê®Öê ¯Ö¸ü, ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ †Ö¯ÖÛúÖê ¤êü ¤üß •ÖÖ µÖêÝÖß … ¯ÖÆü»Öê
¯ÖÖÑ“Ö ×´Ö®Ö™ü †Ö¯ÖÛúÖê ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê ŸÖ£ÖÖ ˆÃÖÛúß ×®Ö´®Ö×»Ö×ÜÖŸÖ
•ÖÖÑ“Ö Ûêú ×»Ö‹ פü µÖê •ÖÖ µÖëÝÖê, וÖÃÖÛúß •ÖÖÑ“Ö †Ö¯ÖÛúÖê †¾Ö¿ µÖ Ûú¸ü®Öß Æîü :
(i) ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê Ûêú ×»Ö‹ ˆÃÖÛêú Ûú¾Ö¸ü ¯Öê•Ö ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö
Ûúß ÃÖᯙ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ Ûúß
¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü …
(ii) Ûú¾Ö¸ü ¯Öéšü ¯Ö¸ü ”û¯Öê ×®Ö¤ìü¿ÖÖ®ÖãÃÖÖ¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ Ûêú ¯Öéšü ŸÖ£ÖÖ
¯ÖÏ¿®ÖÖë Ûúß ÃÖÓÜ µÖÖ ÛúÖê †“”ûß ŸÖ¸üÆü “ÖîÛú Ûú¸ü »Öë ×Ûú µÖê ¯Öæ¸êü
Æïü … ¤üÖêÂÖ¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ ×•Ö®Ö´Öë ¯Öéšü/¯ÖÏ¿®Ö Ûú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ †Ö
ÝÖ µÖê ÆüÖë µÖÖ ÃÖß׸ü µÖ»Ö ´Öë ®Ö ÆüÖë †£ÖÖÔŸÖË ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü Ûúß
¡Öã×™ü¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü ŸÖ£ÖÖ ˆÃÖß ÃÖ´Ö µÖ ˆÃÖê
»ÖÖî™üÖÛú¸ü ˆÃÖÛêú ãÖÖ®Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ »Öê »Öë …
‡ÃÖÛêú ×»Ö‹ †Ö¯ÖÛúÖê ¯ÖÖÑ“Ö ×´Ö®Ö™ü פü µÖê •ÖÖ µÖëÝÖê … ˆÃÖÛêú ²ÖÖ¤ü ®Ö
ŸÖÖê †Ö¯ÖÛúß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ¾ÖÖ¯ÖÃÖ »Öß •ÖÖ µÖêÝÖß †Öî¸ü ®Ö Æüß †Ö¯ÖÛúÖê
†×ŸÖ׸üŒŸÖ ÃÖ´Ö µÖ פü µÖÖ •ÖÖ µÖêÝÖÖ …
(iii) ‡ÃÖ •ÖÖÑ“Ö Ûêú ²ÖÖ¤ü OMR ¯Ö¡ÖÛú Ûúß ÛÎú´Ö ÃÖÓÜ µÖÖ ‡ÃÖ ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ
¯Ö¸ü †Ó×ÛúŸÖ Ûú¸ü ¤ëü …
4. ¯ÖÏŸ µÖêÛú ¯ÖÏ¿®Ö Ûêú ×»Ö‹ “ÖÖ¸ü ˆ¢Ö¸ü ×¾ÖÛú»¯Ö (A), (B), (C) ŸÖ£ÖÖ (D) פü µÖê
ÝÖ µÖê Æïü … †Ö¯ÖÛúÖê ÃÖÆüß ˆ¢Ö¸ü Ûêú ¾Öé¢Ö ÛúÖê ¯Öê®Ö ÃÖê ³Ö¸üÛú¸ü ÛúÖ»ÖÖ Ûú¸ü®ÖÖ Æîü
•ÖîÃÖÖ ×Ûú ®Öß“Öê פüÜÖÖ µÖÖ ÝÖ µÖÖ Æîü …
ˆ¤üÖÆü¸üÞÖ :
•Ö²Ö×Ûúú(C) ÃÖÆüß ˆ¢Ö¸ü Æîü …
5. ¯ÖÏ¿®ÖÖë Ûêú ˆ¢Ö¸ü Ûêú¾Ö»Ö ¯ÖÏ¿®Ö ¯Ö¡Ö I Ûêú †®¤ü¸ü פü µÖê ÝÖ µÖê OMR ¯Ö¡ÖÛú ¯Ö¸ü Æüß
†Ó×ÛúŸÖ Ûú¸ü®Öê Æïü … µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü פü µÖê ÝÖ µÖê ¾Öé¢Ö Ûêú †»ÖÖ¾ÖÖ
×ÛúÃÖß †® µÖ ãÖÖ®Ö ¯Ö¸ü ˆ¢Ö¸ü דÖÅ®ÖÖÓ×ÛúŸÖ Ûú¸üŸÖê Æïü, ŸÖÖê ˆÃÖÛúÖ ´Öæ» µÖÖÓÛú®Ö
®ÖÆüà ÆüÖêÝÖÖ …
6. †®¤ü¸ü פü µÖê ÝÖ µÖê ×®Ö¤ìü¿ÖÖë ÛúÖê ¬ µÖÖ®Ö¯Öæ¾ÖÔÛú ¯ÖœÌëü …
7. Ûú““ÖÖ ÛúÖ´Ö (Rough Work) ‡ÃÖ ¯Öã×ßÖÛúÖ Ûêú †×®ŸÖ´Ö ¯Öéšü ¯Ö¸ü Ûú¸ëü …
8. µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü ×®Ö µÖŸÖ ãÖÖ®Ö Ûêú †»ÖÖ¾ÖÖ †¯Ö®ÖÖ ®ÖÖ´Ö, ¸üÖê»Ö
®Ö´²Ö¸ü, ±úÖê®Ö ®Ö´²Ö¸ü µÖÖ ÛúÖê‡Ô ³Öß ‹êÃÖÖ ×“ÖÅ®Ö ×•ÖÃÖÃÖê †Ö¯ÖÛúß ¯ÖÆü“ÖÖ®Ö ÆüÖê
ÃÖÛêú, †Ó×ÛúŸÖ Ûú¸üŸÖê Æïü †£Ö¾ÖÖ †³Ö¦ü ³ÖÖÂÖÖ ÛúÖ ¯ÖÏ µÖÖêÝÖ Ûú¸üŸÖê Æïü, µÖÖ ÛúÖê‡Ô
†® µÖ †®Öã×“ÖŸÖ ÃÖÖ¬Ö®Ö ÛúÖ ¯ÖÏ µÖÖêÝÖ Ûú¸üŸÖê Æïü, •ÖîÃÖê ×Ûú †Ó×ÛúŸÖ ×Ûú µÖê ÝÖ µÖê
ˆ¢Ö¸ü ÛúÖê ×´Ö™üÖ®ÖÖ µÖÖ ÃÖ±êú¤ü à µÖÖÆüß ÃÖê ²Ö¤ü»Ö®ÖÖ ŸÖÖê ¯Ö¸üßõÖÖ Ûêú ×»Ö µÖê
† µÖÖêÝ µÖ ‘ÖÖê×ÂÖŸÖ ×Ûú µÖê •ÖÖ ÃÖÛúŸÖê Æïü …
9. †Ö¯ÖÛúÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖ¯ŸÖ ÆüÖê®Öê ¯Ö¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ‹¾ÖÓ ´Öæ»Ö OMR ¯Ö¡ÖÛú
×®Ö¸üßõÖÛú ´ÖÆüÖê¤ü µÖ ÛúÖê »ÖÖî™üÖ®ÖÖ †Ö¾Ö¿ µÖÛú Æîü †Öî¸ü ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ Ûêú ²ÖÖ¤ü
ˆÃÖê †¯Ö®Öê ÃÖÖ£Ö ¯Ö¸üßõÖÖ ³Ö¾Ö®Ö ÃÖê ²ÖÖÆü¸ü ®Ö »ÖêÛú¸ü •ÖÖ µÖë … ÆüÖ»ÖÖÓ×Ûú †Ö¯Ö
¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ ¯Ö¸ü OMR ¯Ö¡ÖÛú Ûúß ›ãü¯»ÖßÛêú™ü ¯ÖÏ×ŸÖ †¯Ö®Öê ÃÖÖ£Ö »Öê •ÖÖ
ÃÖÛúŸÖê Æïü …
10. Ûêú¾Ö»Ö ®Öß»Öê/ÛúÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ‡Õ™ü ¯Öê®Ö ÛúÖ Æüß ‡ÃŸÖê´ÖÖ»Ö Ûú¸ëü …
11. ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü ÛúÖ ÃÖÓÝÖÞÖÛú (Ûîú»ÖÛãú»Öê™ü¸ü) µÖÖ »ÖÖÝÖ ™êü²Ö»Ö †Öפü ÛúÖ
¯ÖÏ µÖÖêÝÖ ¾ÖÙ•ÖŸÖ Æîü …
12. ÝÖ»ÖŸÖ ˆ¢Ö¸üÖë Ûêú ×»Ö‹ ÛúÖê‡Ô ®ÖÛúÖ¸üÖŸ´ÖÛú †ÓÛú ®ÖÆüà Æïü …
13. µÖפü †ÓÝÖÏê•Öß µÖÖ ØÆü¤üß ×¾Ö¾Ö¸üÞÖ ´Öë ÛúÖê‡Ô ×¾ÖÃÖÓÝÖ×ŸÖ ÆüÖê, ŸÖÖê †ÓÝÖÏê•Öß ×¾Ö¾Ö¸üÞÖ
†Ó×ŸÖ´Ö ´ÖÖ®ÖÖ •ÖÖ‹ÝÖÖ …
[Maximum Marks : 100
Time : 1 
1
/
4
 hours]
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
01
(In figures as per admission card)
D13
Page 2


1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty 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 this cover page. Do not accept
a booklet without sticker-seal and do not accept an 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.
(iii) After this verification is over, the OMR Sheet Number
should be entered on this Test Booklet.
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 :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the OMR
Sheet given inside the Paper I Booklet only. If you mark
at any place other than in the circle in the OMR Sheet, it will
not be evaluated.
6. Read instructions given inside carefully.
7. Rough Work is to be done in the end of this booklet.
8. If you write your Name, Roll Number, Phone Number or put
any mark on any part of the OMR Sheet, except for the space
allotted for the relevant entries, which may disclose your
identity, or use abusive language or employ any other unfair
means such as change of response by scratching or using
white fluid, you will render yourself liable to disqualification.
9. You have to return the test question booklet and Original
OMR Sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall. Y ou are, however, allowed to carry duplicate
copy of OMR Sheet on conclusion of examination.
10. Use only Blue/Black Ball point pen.
11. Use of any calculator or log table etc., is prohibited.
12. There is no negative marks for incorrect answers.
13. In case of any discrepancy in the English and Hindi versions,
English version will be taken as final.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
D-01-13 1 P.T.O.
1. ‡ÃÖ ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®Ö µÖŸÖ ãÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ …
2. ‡ÃÖ ¯ÖÏ¿®Ö-¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ ²ÖÆãü×¾ÖÛú»¯Öß µÖ ¯ÖÏ¿®Ö Æïü …
3. ¯Ö¸üßõÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê®Öê ¯Ö¸ü, ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ †Ö¯ÖÛúÖê ¤êü ¤üß •ÖÖ µÖêÝÖß … ¯ÖÆü»Öê
¯ÖÖÑ“Ö ×´Ö®Ö™ü †Ö¯ÖÛúÖê ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê ŸÖ£ÖÖ ˆÃÖÛúß ×®Ö´®Ö×»Ö×ÜÖŸÖ
•ÖÖÑ“Ö Ûêú ×»Ö‹ פü µÖê •ÖÖ µÖëÝÖê, וÖÃÖÛúß •ÖÖÑ“Ö †Ö¯ÖÛúÖê †¾Ö¿ µÖ Ûú¸ü®Öß Æîü :
(i) ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ÜÖÖê»Ö®Öê Ûêú ×»Ö‹ ˆÃÖÛêú Ûú¾Ö¸ü ¯Öê•Ö ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö
Ûúß ÃÖᯙ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ Ûúß
¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü …
(ii) Ûú¾Ö¸ü ¯Öéšü ¯Ö¸ü ”û¯Öê ×®Ö¤ìü¿ÖÖ®ÖãÃÖÖ¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ Ûêú ¯Öéšü ŸÖ£ÖÖ
¯ÖÏ¿®ÖÖë Ûúß ÃÖÓÜ µÖÖ ÛúÖê †“”ûß ŸÖ¸üÆü “ÖîÛú Ûú¸ü »Öë ×Ûú µÖê ¯Öæ¸êü
Æïü … ¤üÖêÂÖ¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ ×•Ö®Ö´Öë ¯Öéšü/¯ÖÏ¿®Ö Ûú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ †Ö
ÝÖ µÖê ÆüÖë µÖÖ ÃÖß׸ü µÖ»Ö ´Öë ®Ö ÆüÖë †£ÖÖÔŸÖË ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü Ûúß
¡Öã×™ü¯ÖæÞÖÔ ¯Öã×ßÖÛúÖ Ã¾ÖßÛúÖ¸ü ®Ö Ûú¸ëü ŸÖ£ÖÖ ˆÃÖß ÃÖ´Ö µÖ ˆÃÖê
»ÖÖî™üÖÛú¸ü ˆÃÖÛêú ãÖÖ®Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ »Öê »Öë …
‡ÃÖÛêú ×»Ö‹ †Ö¯ÖÛúÖê ¯ÖÖÑ“Ö ×´Ö®Ö™ü פü µÖê •ÖÖ µÖëÝÖê … ˆÃÖÛêú ²ÖÖ¤ü ®Ö
ŸÖÖê †Ö¯ÖÛúß ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ¾ÖÖ¯ÖÃÖ »Öß •ÖÖ µÖêÝÖß †Öî¸ü ®Ö Æüß †Ö¯ÖÛúÖê
†×ŸÖ׸üŒŸÖ ÃÖ´Ö µÖ פü µÖÖ •ÖÖ µÖêÝÖÖ …
(iii) ‡ÃÖ •ÖÖÑ“Ö Ûêú ²ÖÖ¤ü OMR ¯Ö¡ÖÛú Ûúß ÛÎú´Ö ÃÖÓÜ µÖÖ ‡ÃÖ ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ
¯Ö¸ü †Ó×ÛúŸÖ Ûú¸ü ¤ëü …
4. ¯ÖÏŸ µÖêÛú ¯ÖÏ¿®Ö Ûêú ×»Ö‹ “ÖÖ¸ü ˆ¢Ö¸ü ×¾ÖÛú»¯Ö (A), (B), (C) ŸÖ£ÖÖ (D) פü µÖê
ÝÖ µÖê Æïü … †Ö¯ÖÛúÖê ÃÖÆüß ˆ¢Ö¸ü Ûêú ¾Öé¢Ö ÛúÖê ¯Öê®Ö ÃÖê ³Ö¸üÛú¸ü ÛúÖ»ÖÖ Ûú¸ü®ÖÖ Æîü
•ÖîÃÖÖ ×Ûú ®Öß“Öê פüÜÖÖ µÖÖ ÝÖ µÖÖ Æîü …
ˆ¤üÖÆü¸üÞÖ :
•Ö²Ö×Ûúú(C) ÃÖÆüß ˆ¢Ö¸ü Æîü …
5. ¯ÖÏ¿®ÖÖë Ûêú ˆ¢Ö¸ü Ûêú¾Ö»Ö ¯ÖÏ¿®Ö ¯Ö¡Ö I Ûêú †®¤ü¸ü פü µÖê ÝÖ µÖê OMR ¯Ö¡ÖÛú ¯Ö¸ü Æüß
†Ó×ÛúŸÖ Ûú¸ü®Öê Æïü … µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü פü µÖê ÝÖ µÖê ¾Öé¢Ö Ûêú †»ÖÖ¾ÖÖ
×ÛúÃÖß †® µÖ ãÖÖ®Ö ¯Ö¸ü ˆ¢Ö¸ü דÖÅ®ÖÖÓ×ÛúŸÖ Ûú¸üŸÖê Æïü, ŸÖÖê ˆÃÖÛúÖ ´Öæ» µÖÖÓÛú®Ö
®ÖÆüà ÆüÖêÝÖÖ …
6. †®¤ü¸ü פü µÖê ÝÖ µÖê ×®Ö¤ìü¿ÖÖë ÛúÖê ¬ µÖÖ®Ö¯Öæ¾ÖÔÛú ¯ÖœÌëü …
7. Ûú““ÖÖ ÛúÖ´Ö (Rough Work) ‡ÃÖ ¯Öã×ßÖÛúÖ Ûêú †×®ŸÖ´Ö ¯Öéšü ¯Ö¸ü Ûú¸ëü …
8. µÖפü †Ö¯Ö OMR ¯Ö¡ÖÛú ¯Ö¸ü ×®Ö µÖŸÖ ãÖÖ®Ö Ûêú †»ÖÖ¾ÖÖ †¯Ö®ÖÖ ®ÖÖ´Ö, ¸üÖê»Ö
®Ö´²Ö¸ü, ±úÖê®Ö ®Ö´²Ö¸ü µÖÖ ÛúÖê‡Ô ³Öß ‹êÃÖÖ ×“ÖÅ®Ö ×•ÖÃÖÃÖê †Ö¯ÖÛúß ¯ÖÆü“ÖÖ®Ö ÆüÖê
ÃÖÛêú, †Ó×ÛúŸÖ Ûú¸üŸÖê Æïü †£Ö¾ÖÖ †³Ö¦ü ³ÖÖÂÖÖ ÛúÖ ¯ÖÏ µÖÖêÝÖ Ûú¸üŸÖê Æïü, µÖÖ ÛúÖê‡Ô
†® µÖ †®Öã×“ÖŸÖ ÃÖÖ¬Ö®Ö ÛúÖ ¯ÖÏ µÖÖêÝÖ Ûú¸üŸÖê Æïü, •ÖîÃÖê ×Ûú †Ó×ÛúŸÖ ×Ûú µÖê ÝÖ µÖê
ˆ¢Ö¸ü ÛúÖê ×´Ö™üÖ®ÖÖ µÖÖ ÃÖ±êú¤ü à µÖÖÆüß ÃÖê ²Ö¤ü»Ö®ÖÖ ŸÖÖê ¯Ö¸üßõÖÖ Ûêú ×»Ö µÖê
† µÖÖêÝ µÖ ‘ÖÖê×ÂÖŸÖ ×Ûú µÖê •ÖÖ ÃÖÛúŸÖê Æïü …
9. †Ö¯ÖÛúÖê ¯Ö¸üßõÖÖ ÃÖ´ÖÖ¯ŸÖ ÆüÖê®Öê ¯Ö¸ü ¯ÖÏ¿®Ö-¯Öã×ßÖÛúÖ ‹¾ÖÓ ´Öæ»Ö OMR ¯Ö¡ÖÛú
×®Ö¸üßõÖÛú ´ÖÆüÖê¤ü µÖ ÛúÖê »ÖÖî™üÖ®ÖÖ †Ö¾Ö¿ µÖÛú Æîü †Öî¸ü ¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ Ûêú ²ÖÖ¤ü
ˆÃÖê †¯Ö®Öê ÃÖÖ£Ö ¯Ö¸üßõÖÖ ³Ö¾Ö®Ö ÃÖê ²ÖÖÆü¸ü ®Ö »ÖêÛú¸ü •ÖÖ µÖë … ÆüÖ»ÖÖÓ×Ûú †Ö¯Ö
¯Ö¸üßõÖÖ ÃÖ´ÖÖׯŸÖ ¯Ö¸ü OMR ¯Ö¡ÖÛú Ûúß ›ãü¯»ÖßÛêú™ü ¯ÖÏ×ŸÖ †¯Ö®Öê ÃÖÖ£Ö »Öê •ÖÖ
ÃÖÛúŸÖê Æïü …
10. Ûêú¾Ö»Ö ®Öß»Öê/ÛúÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ‡Õ™ü ¯Öê®Ö ÛúÖ Æüß ‡ÃŸÖê´ÖÖ»Ö Ûú¸ëü …
11. ×ÛúÃÖß ³Öß ¯ÖÏÛúÖ¸ü ÛúÖ ÃÖÓÝÖÞÖÛú (Ûîú»ÖÛãú»Öê™ü¸ü) µÖÖ »ÖÖÝÖ ™êü²Ö»Ö †Öפü ÛúÖ
¯ÖÏ µÖÖêÝÖ ¾ÖÙ•ÖŸÖ Æîü …
12. ÝÖ»ÖŸÖ ˆ¢Ö¸üÖë Ûêú ×»Ö‹ ÛúÖê‡Ô ®ÖÛúÖ¸üÖŸ´ÖÛú †ÓÛú ®ÖÆüà Æïü …
13. µÖפü †ÓÝÖÏê•Öß µÖÖ ØÆü¤üß ×¾Ö¾Ö¸üÞÖ ´Öë ÛúÖê‡Ô ×¾ÖÃÖÓÝÖ×ŸÖ ÆüÖê, ŸÖÖê †ÓÝÖÏê•Öß ×¾Ö¾Ö¸üÞÖ
†Ó×ŸÖ´Ö ´ÖÖ®ÖÖ •ÖÖ‹ÝÖÖ …
[Maximum Marks : 100
Time : 1 
1
/
4
 hours]
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
01
(In figures as per admission card)
D13
Paper-II 2  D-01-13 
 
 
 
 
 
1. The cost incurred by the firm in 
hiring labour is called as 
 (A) Explicit Cost 
 (B) Implicit Cost 
 (C) Marginal Cost 
 (D) Total Cost 
 
2. The locus of Pareto Optimality in 
Production and Consumption is given by 
 (A) The Social Welfare Function 
  (B) The Utility Possibility Curve 
 (C) The Transformation Curve 
 (D) The Grand Utility Possibility 
Curve 
 
3. List – I List – II 
a. Tea and 
Coffee 
1. Veblen goods 
b. Car and 
Petrol 
2. Substitutes 
c. Gold and 
Diamonds 
3. Giffen goods 
d. Ragi and 
Bajra 
4. Complementary 
 Codes : 
   a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. Assertion (A) : In the short run 
under perfect competition, 
given the market demand and 
market supply the industry is in 
equilibrium at that price which 
clears the market. 
 Reason (R) : In the long run all the 
firms in the industry earn profit. 
 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 the correct 
explanation of (A). 
 (C) (A) is true, but (R) is false. 
 (D) (A) is false, but (R) is true. 
 
 
 
 
 
5. Put the following in chronological 
order on the basis of development : 
 i. Law of Demand 
 ii. Revealed Preference Analysis 
 iii. Indifference Curve Analysis 
 iv. Law of Diminishing Marginal 
Utility 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. If the monopolist incurs loss in the 
short run, then in the long run 
 a. he will go out of business 
 b. he will stay in business 
 c. he will break even 
 d. any of the above is possible 
 (A) a and b (B) a and c 
 (C) a only (D) d only 
 
7. The condition of Pareto Optimality 
holds correct under  
 (A) Perfect Competition 
 (B) Monopolistic Competition 
 (C) Oligopoly 
 (D) Monopoly 
 
8. Assertion (A) : Compared to the 
individual supply curve, the 
aggregate supply curve is more 
elastic. 
 Reason (R) : There is the 
possibility of moving between 
being out of the labour force and 
being in the labour force. 
 Choose amongst the following the 
correct answer. 
 Codes : 
 (A) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (B) (A) is correct and (R) is the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
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Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
D-01-13 1 P.T.O.
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[Maximum Marks : 100
Time : 1 
1
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4
 hours]
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
01
(In figures as per admission card)
D13
Paper-II 2  D-01-13 
 
 
 
 
 
1. The cost incurred by the firm in 
hiring labour is called as 
 (A) Explicit Cost 
 (B) Implicit Cost 
 (C) Marginal Cost 
 (D) Total Cost 
 
2. The locus of Pareto Optimality in 
Production and Consumption is given by 
 (A) The Social Welfare Function 
  (B) The Utility Possibility Curve 
 (C) The Transformation Curve 
 (D) The Grand Utility Possibility 
Curve 
 
3. List – I List – II 
a. Tea and 
Coffee 
1. Veblen goods 
b. Car and 
Petrol 
2. Substitutes 
c. Gold and 
Diamonds 
3. Giffen goods 
d. Ragi and 
Bajra 
4. Complementary 
 Codes : 
   a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. Assertion (A) : In the short run 
under perfect competition, 
given the market demand and 
market supply the industry is in 
equilibrium at that price which 
clears the market. 
 Reason (R) : In the long run all the 
firms in the industry earn profit. 
 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 the correct 
explanation of (A). 
 (C) (A) is true, but (R) is false. 
 (D) (A) is false, but (R) is true. 
 
 
 
 
 
5. Put the following in chronological 
order on the basis of development : 
 i. Law of Demand 
 ii. Revealed Preference Analysis 
 iii. Indifference Curve Analysis 
 iv. Law of Diminishing Marginal 
Utility 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. If the monopolist incurs loss in the 
short run, then in the long run 
 a. he will go out of business 
 b. he will stay in business 
 c. he will break even 
 d. any of the above is possible 
 (A) a and b (B) a and c 
 (C) a only (D) d only 
 
7. The condition of Pareto Optimality 
holds correct under  
 (A) Perfect Competition 
 (B) Monopolistic Competition 
 (C) Oligopoly 
 (D) Monopoly 
 
8. Assertion (A) : Compared to the 
individual supply curve, the 
aggregate supply curve is more 
elastic. 
 Reason (R) : There is the 
possibility of moving between 
being out of the labour force and 
being in the labour force. 
 Choose amongst the following the 
correct answer. 
 Codes : 
 (A) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (B) (A) is correct and (R) is the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
 D-01-13 3  Paper-II 
 
 
 
 
1. ‹Ûú ±ú´ÖÔ «üÖ¸üÖ ÁÖ´Ö ÛúÖê ³ÖÖ›Ìêü ´Öë ¸üÜÖ®Öê Ûúß »ÖÖÝÖŸÖ 
ŒµÖÖ ÛúÆü»ÖÖŸÖß Æîü ?  
 (A) ÃÖãïÖ™ü »ÖÖÝÖŸÖ (B) †ÓŸÖÙ®Ö×ÆüŸÖ »ÖÖÝÖŸÖ 
 (C) ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ (D) Ûãú»Ö »ÖÖÝÖŸÖ 
 
2. ˆŸ¯ÖÖ¤ü®Ö ŸÖ£ÖÖ ˆ¯Ö³ÖÖêÝÖ ´Öë ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ ÛúÖ 
ײ֮¤ãü¯Ö£Ö ×ÛúÃÖÛêú «üÖ¸üÖ ¤ü¿ÖÖÔµÖÖ •ÖÖŸÖÖ Æîü ? 
 (A) ÃÖ´ÖÖ•Ö Ûú»µÖÖÞÖ ±ú»Ö®Ö 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖ´³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 (C) ºþ¯ÖÖ®ŸÖ¸ü ¾ÖÛÎú 
 (D) ´ÖÆüÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 
3. ÃÖæ“Öß – I ÃÖæ“Öß – II 
 a. “ÖÖµÖ ‹¾ÖÓ ÛúÖò±úß  1. ¾Öî²Ö»Ö®Ö ¾ÖßÖã‹Ñ 
 b. ÛúÖ¸ü ‹¾ÖÓ ¯Öê™ÒüÖê»Ö 2. ¾ÖîÛú×»¯ÖÛú ¾ÖßÖã‹Ñ 
 c. þÖÞÖÔ ‹¾ÖÓ Æü߸êü 3. ×ÝÖ×±ú®Ö ¾ÖßÖã‹Ñ 
 d. ¸üÖÝÖß ‹¾ÖÓ ²ÖÖ•Ö¸üÖ 4. ¯Öæ¸üÛú ¾ÖßÖã‹Ñ 
 Ûæú™üü : 
  a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. †×³ÖÛú£Ö®Ö (A) : ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ Ûêú †®ŸÖÝÖÔŸÖ 
†»¯ÖÛúÖ»Ö ´Öë, ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ ‹¾ÖÓ ²ÖÖ•ÖÖ¸ü 
†Ö¯ÖæÙŸÖ ¯ÖϤü¢Ö ÆüÖê®Öê ¯Ö¸ü ˆªÖêÝÖ ´Öë ˆÃÖ 
Ûúß´ÖŸÖ ¯Ö¸ü ÃÖÓŸÖã»Ö®Ö ÆüÖêŸÖÖ Æîü •ÖÖê ²ÖÖ•ÖÖ¸ü ´Öë 
´ÖÖÑÝÖ ‹¾ÖÓ ¯ÖæÙŸÖ ÛúÖê ²Ö¸üÖ²Ö¸ü Ûú¸üŸÖß Æïü … 
 ÛúÖ¸üÞÖ (R) : ¤üß‘ÖÔ ÛúÖ»Ö ´Öë ˆªÖêÝÖ ´Öë ÃÖ³Öß ±ú´Öí 
»ÖÖ³Ö Ûú´ÖÖŸÖß Æïü … 
 Ûæú™ü :  
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü, ¯Ö¸ü®ŸÖã 
(R), (A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) †ÃÖŸµÖ Æîü … 
 (D) (A) †ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖŸµÖ Æîü … 
 
 
 
 
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ÛúÖê ×¾ÖÛúÖÃÖ Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü 
ÛúÖ»ÖÖ®ÖãÛÎú×´ÖÛú ÛÎú´Ö ´Öë ¸üÜÖë : 
 i. ´ÖÖÑÝÖ ÛúÖ ×®ÖµÖ´Ö 
 ii. †×³Ö¾µÖŒŸÖ †×¬Ö´ÖÖ®Ö ×¾Ö¿»ÖêÂÖÞÖ 
 iii. ˆ¤üÖÃÖ߮֟ÖÖ ¾ÖÛÎú ×¾Ö¿»ÖêÂÖÞÖ 
 iv. ÈüÖÃÖ´ÖÖ®Ö ÃÖß´ÖÖ®ŸÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÛúÖ ×®ÖµÖ´Ö 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. µÖפü ‹Ûú ‹ÛúÖ׬ÖÛúÖ¸üß †»¯ÖÛúÖ»Ö ´Öë ÆüÖ×®Ö ˆšüÖŸÖÖ 
Æîü ŸÖÖê ×±ú¸ü ¤üß‘ÖÔÛúÖ»Ö ´Öë ¾ÖÆü   
 (a) ¾µÖ¾ÖÃÖÖµÖ ÜÖÖê ²ÖîšêüÝÖÖ … 
 (b) ¾µÖ¾ÖÃÖÖµÖ ´Öë Æüß ¸üÆêüÝÖÖ … 
 (c) ÃÖÓŸÖã»Ö®Ö ßָü ¸üÜÖêÝÖÖ … 
 (d) ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ³Öß ÃÖÓ³ÖÖ×¾ÖŸÖ Æîü … 
 (A) a †Öî¸ü b (B) a †Öî¸ü c 
 (C) Ûêú¾Ö»Ö a (D) Ûêú¾Ö»Ö d  
 
7. ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ Ûúß ×ãÖ×ŸÖ ×ÛúÃÖÛêú †®ŸÖÝÖÔŸÖ ÃÖÆüß 
¸üÆüŸÖß Æîü ? 
 (A) ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (B) ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (C) †»¯ÖÖ׬ÖÛúÖ¸ü 
 (D) ‹ÛúÖ׬ÖÛúÖ¸ü 
 
8. †×³ÖÛú£Ö®Ö (A) : ¾µÖ׌ŸÖÝÖŸÖ ¯ÖæÙŸÖ ¾ÖÛÎú Ûúß 
ŸÖã»Ö®ÖÖ ´Öë, ÃÖ´ÖÝÖÏ ¯ÖæÙŸÖ ¾ÖÛÎú •µÖÖ¤üÖ 
»ÖÖê“Ö¤üÖ¸ü ÆüÖêŸÖÖ Æîü … 
 ÛúÖ¸üÞÖ (R) : ÁÖ´Ö ²Ö»Ö ÃÖê ²ÖÖÆü¸ü ÆüÖê®Öê ŸÖ£ÖÖ ÁÖ´Ö 
²Ö»Ö ´Öë ÆüÖê®Öê Ûêú ²Öß“Ö †Ö®Öê-•ÖÖ®Öê Ûúß 
ÃÖÓ³ÖÖ¾Ö®ÖÖ ¸üÆüŸÖß Æîü … 
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 Ûæú™ü :  
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¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (B) (A) ÃÖÆüß Æîü †Öî¸üü (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
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Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
D-01-13 1 P.T.O.
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[Maximum Marks : 100
Time : 1 
1
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4
 hours]
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
01
(In figures as per admission card)
D13
Paper-II 2  D-01-13 
 
 
 
 
 
1. The cost incurred by the firm in 
hiring labour is called as 
 (A) Explicit Cost 
 (B) Implicit Cost 
 (C) Marginal Cost 
 (D) Total Cost 
 
2. The locus of Pareto Optimality in 
Production and Consumption is given by 
 (A) The Social Welfare Function 
  (B) The Utility Possibility Curve 
 (C) The Transformation Curve 
 (D) The Grand Utility Possibility 
Curve 
 
3. List – I List – II 
a. Tea and 
Coffee 
1. Veblen goods 
b. Car and 
Petrol 
2. Substitutes 
c. Gold and 
Diamonds 
3. Giffen goods 
d. Ragi and 
Bajra 
4. Complementary 
 Codes : 
   a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. Assertion (A) : In the short run 
under perfect competition, 
given the market demand and 
market supply the industry is in 
equilibrium at that price which 
clears the market. 
 Reason (R) : In the long run all the 
firms in the industry earn profit. 
 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 the correct 
explanation of (A). 
 (C) (A) is true, but (R) is false. 
 (D) (A) is false, but (R) is true. 
 
 
 
 
 
5. Put the following in chronological 
order on the basis of development : 
 i. Law of Demand 
 ii. Revealed Preference Analysis 
 iii. Indifference Curve Analysis 
 iv. Law of Diminishing Marginal 
Utility 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. If the monopolist incurs loss in the 
short run, then in the long run 
 a. he will go out of business 
 b. he will stay in business 
 c. he will break even 
 d. any of the above is possible 
 (A) a and b (B) a and c 
 (C) a only (D) d only 
 
7. The condition of Pareto Optimality 
holds correct under  
 (A) Perfect Competition 
 (B) Monopolistic Competition 
 (C) Oligopoly 
 (D) Monopoly 
 
8. Assertion (A) : Compared to the 
individual supply curve, the 
aggregate supply curve is more 
elastic. 
 Reason (R) : There is the 
possibility of moving between 
being out of the labour force and 
being in the labour force. 
 Choose amongst the following the 
correct answer. 
 Codes : 
 (A) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (B) (A) is correct and (R) is the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
 D-01-13 3  Paper-II 
 
 
 
 
1. ‹Ûú ±ú´ÖÔ «üÖ¸üÖ ÁÖ´Ö ÛúÖê ³ÖÖ›Ìêü ´Öë ¸üÜÖ®Öê Ûúß »ÖÖÝÖŸÖ 
ŒµÖÖ ÛúÆü»ÖÖŸÖß Æîü ?  
 (A) ÃÖãïÖ™ü »ÖÖÝÖŸÖ (B) †ÓŸÖÙ®Ö×ÆüŸÖ »ÖÖÝÖŸÖ 
 (C) ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ (D) Ûãú»Ö »ÖÖÝÖŸÖ 
 
2. ˆŸ¯ÖÖ¤ü®Ö ŸÖ£ÖÖ ˆ¯Ö³ÖÖêÝÖ ´Öë ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ ÛúÖ 
ײ֮¤ãü¯Ö£Ö ×ÛúÃÖÛêú «üÖ¸üÖ ¤ü¿ÖÖÔµÖÖ •ÖÖŸÖÖ Æîü ? 
 (A) ÃÖ´ÖÖ•Ö Ûú»µÖÖÞÖ ±ú»Ö®Ö 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖ´³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 (C) ºþ¯ÖÖ®ŸÖ¸ü ¾ÖÛÎú 
 (D) ´ÖÆüÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 
3. ÃÖæ“Öß – I ÃÖæ“Öß – II 
 a. “ÖÖµÖ ‹¾ÖÓ ÛúÖò±úß  1. ¾Öî²Ö»Ö®Ö ¾ÖßÖã‹Ñ 
 b. ÛúÖ¸ü ‹¾ÖÓ ¯Öê™ÒüÖê»Ö 2. ¾ÖîÛú×»¯ÖÛú ¾ÖßÖã‹Ñ 
 c. þÖÞÖÔ ‹¾ÖÓ Æü߸êü 3. ×ÝÖ×±ú®Ö ¾ÖßÖã‹Ñ 
 d. ¸üÖÝÖß ‹¾ÖÓ ²ÖÖ•Ö¸üÖ 4. ¯Öæ¸üÛú ¾ÖßÖã‹Ñ 
 Ûæú™üü : 
  a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. †×³ÖÛú£Ö®Ö (A) : ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ Ûêú †®ŸÖÝÖÔŸÖ 
†»¯ÖÛúÖ»Ö ´Öë, ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ ‹¾ÖÓ ²ÖÖ•ÖÖ¸ü 
†Ö¯ÖæÙŸÖ ¯ÖϤü¢Ö ÆüÖê®Öê ¯Ö¸ü ˆªÖêÝÖ ´Öë ˆÃÖ 
Ûúß´ÖŸÖ ¯Ö¸ü ÃÖÓŸÖã»Ö®Ö ÆüÖêŸÖÖ Æîü •ÖÖê ²ÖÖ•ÖÖ¸ü ´Öë 
´ÖÖÑÝÖ ‹¾ÖÓ ¯ÖæÙŸÖ ÛúÖê ²Ö¸üÖ²Ö¸ü Ûú¸üŸÖß Æïü … 
 ÛúÖ¸üÞÖ (R) : ¤üß‘ÖÔ ÛúÖ»Ö ´Öë ˆªÖêÝÖ ´Öë ÃÖ³Öß ±ú´Öí 
»ÖÖ³Ö Ûú´ÖÖŸÖß Æïü … 
 Ûæú™ü :  
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü, ¯Ö¸ü®ŸÖã 
(R), (A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) †ÃÖŸµÖ Æîü … 
 (D) (A) †ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖŸµÖ Æîü … 
 
 
 
 
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ÛúÖê ×¾ÖÛúÖÃÖ Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü 
ÛúÖ»ÖÖ®ÖãÛÎú×´ÖÛú ÛÎú´Ö ´Öë ¸üÜÖë : 
 i. ´ÖÖÑÝÖ ÛúÖ ×®ÖµÖ´Ö 
 ii. †×³Ö¾µÖŒŸÖ †×¬Ö´ÖÖ®Ö ×¾Ö¿»ÖêÂÖÞÖ 
 iii. ˆ¤üÖÃÖ߮֟ÖÖ ¾ÖÛÎú ×¾Ö¿»ÖêÂÖÞÖ 
 iv. ÈüÖÃÖ´ÖÖ®Ö ÃÖß´ÖÖ®ŸÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÛúÖ ×®ÖµÖ´Ö 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. µÖפü ‹Ûú ‹ÛúÖ׬ÖÛúÖ¸üß †»¯ÖÛúÖ»Ö ´Öë ÆüÖ×®Ö ˆšüÖŸÖÖ 
Æîü ŸÖÖê ×±ú¸ü ¤üß‘ÖÔÛúÖ»Ö ´Öë ¾ÖÆü   
 (a) ¾µÖ¾ÖÃÖÖµÖ ÜÖÖê ²ÖîšêüÝÖÖ … 
 (b) ¾µÖ¾ÖÃÖÖµÖ ´Öë Æüß ¸üÆêüÝÖÖ … 
 (c) ÃÖÓŸÖã»Ö®Ö ßָü ¸üÜÖêÝÖÖ … 
 (d) ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ³Öß ÃÖÓ³ÖÖ×¾ÖŸÖ Æîü … 
 (A) a †Öî¸ü b (B) a †Öî¸ü c 
 (C) Ûêú¾Ö»Ö a (D) Ûêú¾Ö»Ö d  
 
7. ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ Ûúß ×ãÖ×ŸÖ ×ÛúÃÖÛêú †®ŸÖÝÖÔŸÖ ÃÖÆüß 
¸üÆüŸÖß Æîü ? 
 (A) ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (B) ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (C) †»¯ÖÖ׬ÖÛúÖ¸ü 
 (D) ‹ÛúÖ׬ÖÛúÖ¸ü 
 
8. †×³ÖÛú£Ö®Ö (A) : ¾µÖ׌ŸÖÝÖŸÖ ¯ÖæÙŸÖ ¾ÖÛÎú Ûúß 
ŸÖã»Ö®ÖÖ ´Öë, ÃÖ´ÖÝÖÏ ¯ÖæÙŸÖ ¾ÖÛÎú •µÖÖ¤üÖ 
»ÖÖê“Ö¤üÖ¸ü ÆüÖêŸÖÖ Æîü … 
 ÛúÖ¸üÞÖ (R) : ÁÖ´Ö ²Ö»Ö ÃÖê ²ÖÖÆü¸ü ÆüÖê®Öê ŸÖ£ÖÖ ÁÖ´Ö 
²Ö»Ö ´Öë ÆüÖê®Öê Ûêú ²Öß“Ö †Ö®Öê-•ÖÖ®Öê Ûúß 
ÃÖÓ³ÖÖ¾Ö®ÖÖ ¸üÆüŸÖß Æîü … 
 ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÃÖÆüß ˆ¢Ö¸ü ÛúÖ “ÖµÖ®Ö Ûú¸ëü : 
 Ûæú™ü :  
 (A) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (B) (A) ÃÖÆüß Æîü †Öî¸üü (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
†£ÖÔ¿ÖÖÃ¡Ö 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
×®Ö¤ìü¿Ö : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆãü-×¾ÖÛú»¯ÖßµÖ ¯ÖÏ¿®Ö Æïü … ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ¤üÖê (2) †ÓÛú Æïü … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æïü … 
Paper-II 4  D-01-13 
9. Assuming life cycle hypothesis, let a 
person starts working when he is 20 
years old, works until the age of 60 
and expects to die at the age of 70. If 
this person earns, say ` 1.50 lac 
annually when he is 20-30 years, ` 2 
lac annually when he is 30-45 years, 
and ` 3 lac annually when he is 40-
60 years, then his life time average 
propensity to consume is  
 (A) 0.60 
 (B) 0.70 
 (C) 0.80 
 (D) 0.90 
 
10. With reference to demand for money, 
match List – I with List – II : 
List – I List – II 
a. Demand for 
money is stable 
1. J.M. 
Keynes 
b. Liquidity 
Preference as 
behaviour 
towards risk 
2. W. 
Baumol 
c. Inventory 
Theoretic 
Approach 
3. James 
Tobin 
d. No portfolio 
diversification 
4. Milton 
Friedman 
 Codes : 
   a b c d 
 (A) 4 3 1 2 
 (B) 3 4 1 2 
 (C) 2 1 3 4 
 (D) 4 3 2 1 
11. The negative relationship between 
the gap between actual GDP and its 
trend value and the difference 
between actual unemployment rate 
and its equilibrium value is called  
 (A) The Aggregate Supply Curve 
 (B) The Phillips Curve 
 (C) The Natural Rate of 
Unemployment Hypothesis 
 (D) Okun’s Law 
 
12. It is often true that as the economy 
begins to recover from a recession, 
the unemployment rate rises because 
 (A) as the economy initially 
recovers from a recession the 
demand for goods and services 
falls, so the demand for 
workers falls. 
 (B) as the economy begins to 
recover from a recession, 
workers who were previously 
discouraged about their 
chances of finding a job begin 
to look for work again. 
 (C) as the economy begins to 
recover from a recession 
because of the errors in the way 
the data are collected. 
 (D) as the economy initially 
recovers from a recession, 
firms do not immediately 
increase the number of workers 
they hire. Firms wait to hire 
more individuals until they are 
convinced that the recovery is 
strong.  
Page 5


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Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
D-01-13 1 P.T.O.
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[Maximum Marks : 100
Time : 1 
1
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4
 hours]
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
01
(In figures as per admission card)
D13
Paper-II 2  D-01-13 
 
 
 
 
 
1. The cost incurred by the firm in 
hiring labour is called as 
 (A) Explicit Cost 
 (B) Implicit Cost 
 (C) Marginal Cost 
 (D) Total Cost 
 
2. The locus of Pareto Optimality in 
Production and Consumption is given by 
 (A) The Social Welfare Function 
  (B) The Utility Possibility Curve 
 (C) The Transformation Curve 
 (D) The Grand Utility Possibility 
Curve 
 
3. List – I List – II 
a. Tea and 
Coffee 
1. Veblen goods 
b. Car and 
Petrol 
2. Substitutes 
c. Gold and 
Diamonds 
3. Giffen goods 
d. Ragi and 
Bajra 
4. Complementary 
 Codes : 
   a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. Assertion (A) : In the short run 
under perfect competition, 
given the market demand and 
market supply the industry is in 
equilibrium at that price which 
clears the market. 
 Reason (R) : In the long run all the 
firms in the industry earn profit. 
 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 the correct 
explanation of (A). 
 (C) (A) is true, but (R) is false. 
 (D) (A) is false, but (R) is true. 
 
 
 
 
 
5. Put the following in chronological 
order on the basis of development : 
 i. Law of Demand 
 ii. Revealed Preference Analysis 
 iii. Indifference Curve Analysis 
 iv. Law of Diminishing Marginal 
Utility 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. If the monopolist incurs loss in the 
short run, then in the long run 
 a. he will go out of business 
 b. he will stay in business 
 c. he will break even 
 d. any of the above is possible 
 (A) a and b (B) a and c 
 (C) a only (D) d only 
 
7. The condition of Pareto Optimality 
holds correct under  
 (A) Perfect Competition 
 (B) Monopolistic Competition 
 (C) Oligopoly 
 (D) Monopoly 
 
8. Assertion (A) : Compared to the 
individual supply curve, the 
aggregate supply curve is more 
elastic. 
 Reason (R) : There is the 
possibility of moving between 
being out of the labour force and 
being in the labour force. 
 Choose amongst the following the 
correct answer. 
 Codes : 
 (A) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (B) (A) is correct and (R) is the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 
 D-01-13 3  Paper-II 
 
 
 
 
1. ‹Ûú ±ú´ÖÔ «üÖ¸üÖ ÁÖ´Ö ÛúÖê ³ÖÖ›Ìêü ´Öë ¸üÜÖ®Öê Ûúß »ÖÖÝÖŸÖ 
ŒµÖÖ ÛúÆü»ÖÖŸÖß Æîü ?  
 (A) ÃÖãïÖ™ü »ÖÖÝÖŸÖ (B) †ÓŸÖÙ®Ö×ÆüŸÖ »ÖÖÝÖŸÖ 
 (C) ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ (D) Ûãú»Ö »ÖÖÝÖŸÖ 
 
2. ˆŸ¯ÖÖ¤ü®Ö ŸÖ£ÖÖ ˆ¯Ö³ÖÖêÝÖ ´Öë ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ ÛúÖ 
ײ֮¤ãü¯Ö£Ö ×ÛúÃÖÛêú «üÖ¸üÖ ¤ü¿ÖÖÔµÖÖ •ÖÖŸÖÖ Æîü ? 
 (A) ÃÖ´ÖÖ•Ö Ûú»µÖÖÞÖ ±ú»Ö®Ö 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖ´³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 (C) ºþ¯ÖÖ®ŸÖ¸ü ¾ÖÛÎú 
 (D) ´ÖÆüÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú 
 
3. ÃÖæ“Öß – I ÃÖæ“Öß – II 
 a. “ÖÖµÖ ‹¾ÖÓ ÛúÖò±úß  1. ¾Öî²Ö»Ö®Ö ¾ÖßÖã‹Ñ 
 b. ÛúÖ¸ü ‹¾ÖÓ ¯Öê™ÒüÖê»Ö 2. ¾ÖîÛú×»¯ÖÛú ¾ÖßÖã‹Ñ 
 c. þÖÞÖÔ ‹¾ÖÓ Æü߸êü 3. ×ÝÖ×±ú®Ö ¾ÖßÖã‹Ñ 
 d. ¸üÖÝÖß ‹¾ÖÓ ²ÖÖ•Ö¸üÖ 4. ¯Öæ¸üÛú ¾ÖßÖã‹Ñ 
 Ûæú™üü : 
  a b c d 
 (A) 2 1 3 4 
 (B) 2 4 1 3 
 (C) 4 1 2 3 
 (D) 4 3 1 2 
 
4. †×³ÖÛú£Ö®Ö (A) : ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ Ûêú †®ŸÖÝÖÔŸÖ 
†»¯ÖÛúÖ»Ö ´Öë, ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ ‹¾ÖÓ ²ÖÖ•ÖÖ¸ü 
†Ö¯ÖæÙŸÖ ¯ÖϤü¢Ö ÆüÖê®Öê ¯Ö¸ü ˆªÖêÝÖ ´Öë ˆÃÖ 
Ûúß´ÖŸÖ ¯Ö¸ü ÃÖÓŸÖã»Ö®Ö ÆüÖêŸÖÖ Æîü •ÖÖê ²ÖÖ•ÖÖ¸ü ´Öë 
´ÖÖÑÝÖ ‹¾ÖÓ ¯ÖæÙŸÖ ÛúÖê ²Ö¸üÖ²Ö¸ü Ûú¸üŸÖß Æïü … 
 ÛúÖ¸üÞÖ (R) : ¤üß‘ÖÔ ÛúÖ»Ö ´Öë ˆªÖêÝÖ ´Öë ÃÖ³Öß ±ú´Öí 
»ÖÖ³Ö Ûú´ÖÖŸÖß Æïü … 
 Ûæú™ü :  
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖŸµÖ Æïü, ¯Ö¸ü®ŸÖã 
(R), (A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) †ÃÖŸµÖ Æîü … 
 (D) (A) †ÃÖŸµÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖŸµÖ Æîü … 
 
 
 
 
 
5. ×®Ö´®Ö×»Ö×ÜÖŸÖ ÛúÖê ×¾ÖÛúÖÃÖ Ûêú †Ö¬ÖÖ¸ü ¯Ö¸ü 
ÛúÖ»ÖÖ®ÖãÛÎú×´ÖÛú ÛÎú´Ö ´Öë ¸üÜÖë : 
 i. ´ÖÖÑÝÖ ÛúÖ ×®ÖµÖ´Ö 
 ii. †×³Ö¾µÖŒŸÖ †×¬Ö´ÖÖ®Ö ×¾Ö¿»ÖêÂÖÞÖ 
 iii. ˆ¤üÖÃÖ߮֟ÖÖ ¾ÖÛÎú ×¾Ö¿»ÖêÂÖÞÖ 
 iv. ÈüÖÃÖ´ÖÖ®Ö ÃÖß´ÖÖ®ŸÖ ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÛúÖ ×®ÖµÖ´Ö 
 (A) i iii ii iv 
 (B) i iv iii ii 
 (C) i ii iv iii 
 (D) i iii iv ii 
 
6. µÖפü ‹Ûú ‹ÛúÖ׬ÖÛúÖ¸üß †»¯ÖÛúÖ»Ö ´Öë ÆüÖ×®Ö ˆšüÖŸÖÖ 
Æîü ŸÖÖê ×±ú¸ü ¤üß‘ÖÔÛúÖ»Ö ´Öë ¾ÖÆü   
 (a) ¾µÖ¾ÖÃÖÖµÖ ÜÖÖê ²ÖîšêüÝÖÖ … 
 (b) ¾µÖ¾ÖÃÖÖµÖ ´Öë Æüß ¸üÆêüÝÖÖ … 
 (c) ÃÖÓŸÖã»Ö®Ö ßָü ¸üÜÖêÝÖÖ … 
 (d) ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ³Öß ÃÖÓ³ÖÖ×¾ÖŸÖ Æîü … 
 (A) a †Öî¸ü b (B) a †Öî¸ü c 
 (C) Ûêú¾Ö»Ö a (D) Ûêú¾Ö»Ö d  
 
7. ¯Öê¸êü™üÖê ‡Â™üŸÖ´ÖŸÖÖ Ûúß ×ãÖ×ŸÖ ×ÛúÃÖÛêú †®ŸÖÝÖÔŸÖ ÃÖÆüß 
¸üÆüŸÖß Æîü ? 
 (A) ¯ÖæÞÖÔ ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (B) ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןֵÖÖê×ÝÖŸÖÖ 
 (C) †»¯ÖÖ׬ÖÛúÖ¸ü 
 (D) ‹ÛúÖ׬ÖÛúÖ¸ü 
 
8. †×³ÖÛú£Ö®Ö (A) : ¾µÖ׌ŸÖÝÖŸÖ ¯ÖæÙŸÖ ¾ÖÛÎú Ûúß 
ŸÖã»Ö®ÖÖ ´Öë, ÃÖ´ÖÝÖÏ ¯ÖæÙŸÖ ¾ÖÛÎú •µÖÖ¤üÖ 
»ÖÖê“Ö¤üÖ¸ü ÆüÖêŸÖÖ Æîü … 
 ÛúÖ¸üÞÖ (R) : ÁÖ´Ö ²Ö»Ö ÃÖê ²ÖÖÆü¸ü ÆüÖê®Öê ŸÖ£ÖÖ ÁÖ´Ö 
²Ö»Ö ´Öë ÆüÖê®Öê Ûêú ²Öß“Ö †Ö®Öê-•ÖÖ®Öê Ûúß 
ÃÖÓ³ÖÖ¾Ö®ÖÖ ¸üÆüŸÖß Æîü … 
 ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÃÖÆüß ˆ¢Ö¸ü ÛúÖ “ÖµÖ®Ö Ûú¸ëü : 
 Ûæú™ü :  
 (A) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (B) (A) ÃÖÆüß Æîü †Öî¸üü (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
†£ÖÔ¿ÖÖÃ¡Ö 
¯ÖÏ¿®Ö¯Ö¡Ö – II 
 
×®Ö¤ìü¿Ö : ‡ÃÖ ¯ÖÏ¿®Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆãü-×¾ÖÛú»¯ÖßµÖ ¯ÖÏ¿®Ö Æïü … ¯ÖÏŸµÖêÛú ¯ÖÏ¿®Ö Ûêú ¤üÖê (2) †ÓÛú Æïü … ÃÖ³Öß ¯ÖÏ¿®Ö †×®Ö¾ÖÖµÖÔ Æïü … 
Paper-II 4  D-01-13 
9. Assuming life cycle hypothesis, let a 
person starts working when he is 20 
years old, works until the age of 60 
and expects to die at the age of 70. If 
this person earns, say ` 1.50 lac 
annually when he is 20-30 years, ` 2 
lac annually when he is 30-45 years, 
and ` 3 lac annually when he is 40-
60 years, then his life time average 
propensity to consume is  
 (A) 0.60 
 (B) 0.70 
 (C) 0.80 
 (D) 0.90 
 
10. With reference to demand for money, 
match List – I with List – II : 
List – I List – II 
a. Demand for 
money is stable 
1. J.M. 
Keynes 
b. Liquidity 
Preference as 
behaviour 
towards risk 
2. W. 
Baumol 
c. Inventory 
Theoretic 
Approach 
3. James 
Tobin 
d. No portfolio 
diversification 
4. Milton 
Friedman 
 Codes : 
   a b c d 
 (A) 4 3 1 2 
 (B) 3 4 1 2 
 (C) 2 1 3 4 
 (D) 4 3 2 1 
11. The negative relationship between 
the gap between actual GDP and its 
trend value and the difference 
between actual unemployment rate 
and its equilibrium value is called  
 (A) The Aggregate Supply Curve 
 (B) The Phillips Curve 
 (C) The Natural Rate of 
Unemployment Hypothesis 
 (D) Okun’s Law 
 
12. It is often true that as the economy 
begins to recover from a recession, 
the unemployment rate rises because 
 (A) as the economy initially 
recovers from a recession the 
demand for goods and services 
falls, so the demand for 
workers falls. 
 (B) as the economy begins to 
recover from a recession, 
workers who were previously 
discouraged about their 
chances of finding a job begin 
to look for work again. 
 (C) as the economy begins to 
recover from a recession 
because of the errors in the way 
the data are collected. 
 (D) as the economy initially 
recovers from a recession, 
firms do not immediately 
increase the number of workers 
they hire. Firms wait to hire 
more individuals until they are 
convinced that the recovery is 
strong.  
 D-01-13 5  Paper-II 
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