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 Page 1


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
J-01-13 1 P.T.O.
[Maximum Marks : 100
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.________________________________
(In figures as per admission card)
Time : 1 
1
/
4
 hours]
01
J13
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 / polythene bag on the  booklet. Do not
accept a booklet without sticker-seal / without
polythene bag 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). Y ou have to darken the circle as indicated below
on the correct response against each item.
Example :
where (C) is the correct response.
5. Y our 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, you will render yourself liable to
disqualification.
9. Y ou have to return the original OMR Sheet to the invigilators
at the end of the examination compulsorily and must not
carry it with you outside the Examination Hall. You 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.
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
1. ¯ÖÆü»Öê ¯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‹ ¯Öã×ßÖÛúÖ ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö Ûúß ÃÖᯙ /
¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ /
ײ֮ÖÖ ¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ 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×Ûú (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, 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 ´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 †ÓÛú ÛúÖ™êü ®ÖÆüà •ÖÖ‹ÑÝÖê …
Page 2


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
J-01-13 1 P.T.O.
[Maximum Marks : 100
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.________________________________
(In figures as per admission card)
Time : 1 
1
/
4
 hours]
01
J13
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 / polythene bag on the  booklet. Do not
accept a booklet without sticker-seal / without
polythene bag 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). Y ou have to darken the circle as indicated below
on the correct response against each item.
Example :
where (C) is the correct response.
5. Y our 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, you will render yourself liable to
disqualification.
9. Y ou have to return the original OMR Sheet to the invigilators
at the end of the examination compulsorily and must not
carry it with you outside the Examination Hall. You 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.
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
1. ¯ÖÆü»Öê ¯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‹ ¯Öã×ßÖÛúÖ ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö Ûúß ÃÖᯙ /
¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ /
ײ֮ÖÖ ¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ 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×Ûú (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, 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 ´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 †ÓÛú ÛúÖ™êü ®ÖÆüà •ÖÖ‹ÑÝÖê …
Paper-II 2  J-01-13 
 
 
 
 
 
1. Under Cournot Model of Duopoly, 
each duopolist will produce 
 (A) half the output 
 (B) one-fourth of the output 
 (C) one-sixth of the output 
 (D) one-third of the total output 
 
2. As long as the substitution effect 
dominates the income effect, the 
labour supply curve is 
 (A) negatively sloped 
 (B) positively sloped 
 (C) bend backward 
 (D) shifting towards left 
 
3. The distinguishing characteristics of 
monopolistic competition are 
 I. Product differentiation 
 II. Non-price competition 
 III. Large number of firms and 
freedom to entry and exit 
 IV. Firms are interdependent 
 Codes : 
 (A) I & III are correct. 
 (B) I, II and IV are correct. 
 (C) I, II and III are correct. 
 (D) I, III and IV are correct. 
 
4. Assertion (A) : Monopoly is Pareto 
inefficient. 
 Reason (R) : It would be possible to 
change the allocation of 
resources to make the amount 
of income he would be 
prepared to pay in exchange of 
the reduction in price. 
 Codes : 
 (A) Both (A) and (R) are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not 
correct. 
 (C) Both (A) and (R) are correct, 
but (R) is incorrect explanation 
of (A). 
 (D) (R) is correct, but (A) is 
incorrect. 
 
 
 
 
 
5. If MP
L
/MP
K
 does not change with 
any proportionate change in labour 
and capital then the production 
function is 
 (A) Linear 
 (B) Non-linear 
 (C) Homogeneous 
 (D) Homothetic 
 
6. Match the items in the List – I with 
items in List – II. Select the correct 
answer from the code given below : 
List – I List – II 
I. Agency 
Theory of 
Firm 
1. O.E. Williamson 
II. X-
inefficiency 
2. M.C. Jensen and 
W.J. Meckling 
III. The Utility 
Maximisation 
Model 
3. Wilfredo Pareto 
IV. Edgeworth 
box diagram 
first used by 
4. Harvey 
Leibenstein  
 Codes : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. At the point of tangency between 
short- run average total cost and long- 
run average cost, the short-run 
marginal cost 
 (A) greater than long-run marginal 
cost 
 (B) less than long-run marginal 
cost 
 (C) is far above long-run marginal 
cost 
 (D) equals long-run marginal cost  
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
Page 3


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
J-01-13 1 P.T.O.
[Maximum Marks : 100
PAPER-II
ECONOMICS
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1. ¯ÖÆü»Öê ¯Öéšü Ûêú ‰ú¯Ö¸ü ×®Ö µÖŸÖ ãÖÖ®Ö ¯Ö¸ü †¯Ö®ÖÖ ¸üÖê»Ö ®Ö´²Ö¸ü ×»Ö×ÜÖ‹ …
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¯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 …
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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 …
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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×Ûú (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 …
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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, 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 ´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 †ÓÛú ÛúÖ™êü ®ÖÆüà •ÖÖ‹ÑÝÖê …
Paper-II 2  J-01-13 
 
 
 
 
 
1. Under Cournot Model of Duopoly, 
each duopolist will produce 
 (A) half the output 
 (B) one-fourth of the output 
 (C) one-sixth of the output 
 (D) one-third of the total output 
 
2. As long as the substitution effect 
dominates the income effect, the 
labour supply curve is 
 (A) negatively sloped 
 (B) positively sloped 
 (C) bend backward 
 (D) shifting towards left 
 
3. The distinguishing characteristics of 
monopolistic competition are 
 I. Product differentiation 
 II. Non-price competition 
 III. Large number of firms and 
freedom to entry and exit 
 IV. Firms are interdependent 
 Codes : 
 (A) I & III are correct. 
 (B) I, II and IV are correct. 
 (C) I, II and III are correct. 
 (D) I, III and IV are correct. 
 
4. Assertion (A) : Monopoly is Pareto 
inefficient. 
 Reason (R) : It would be possible to 
change the allocation of 
resources to make the amount 
of income he would be 
prepared to pay in exchange of 
the reduction in price. 
 Codes : 
 (A) Both (A) and (R) are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not 
correct. 
 (C) Both (A) and (R) are correct, 
but (R) is incorrect explanation 
of (A). 
 (D) (R) is correct, but (A) is 
incorrect. 
 
 
 
 
 
5. If MP
L
/MP
K
 does not change with 
any proportionate change in labour 
and capital then the production 
function is 
 (A) Linear 
 (B) Non-linear 
 (C) Homogeneous 
 (D) Homothetic 
 
6. Match the items in the List – I with 
items in List – II. Select the correct 
answer from the code given below : 
List – I List – II 
I. Agency 
Theory of 
Firm 
1. O.E. Williamson 
II. X-
inefficiency 
2. M.C. Jensen and 
W.J. Meckling 
III. The Utility 
Maximisation 
Model 
3. Wilfredo Pareto 
IV. Edgeworth 
box diagram 
first used by 
4. Harvey 
Leibenstein  
 Codes : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. At the point of tangency between 
short- run average total cost and long- 
run average cost, the short-run 
marginal cost 
 (A) greater than long-run marginal 
cost 
 (B) less than long-run marginal 
cost 
 (C) is far above long-run marginal 
cost 
 (D) equals long-run marginal cost  
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 J-01-13 3  Paper-II 
 
 
 
 
 
1. ׫ü†×¬ÖÛúÖ¸ü Ûêú Ûæú®ÖÖì ´ÖÖò›ü»Ö Ûêú †®ŸÖÝÖÔŸÖ, ¯ÖÏŸµÖêÛú 
׫ü†×¬ÖÛúÖ¸üß ×ÛúŸÖ®ÖÖ ˆŸ¯ÖÖ¤ü®Ö Ûú¸êüÝÖÖ ?  
 (A) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ †Ö¬ÖÖ  
 (B) ˆŸ¯ÖÖ¤ü®Ö/†Ö‰ú™ü¯Öã™ü ÛúÖ ‹Ûú “ÖÖî£ÖÖ‡Ô  
 (C) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ 
1
6
  
 (D) Ûãú»Ö ˆŸ¯ÖÖ¤ü®Ö ÛúÖ ‹Ûú ןÖÆüÖ‡Ô  
 
2. •Ö²Ö ŸÖÛú ¯ÖÏןÖãÖÖ¯Ö®Ö ¯ÖϳÖÖ¾Ö †ÖµÖ ¯ÖϳÖÖ¾Ö ¯Ö¸ü 
”ûÖµÖÖ ¸üÆüŸÖÖ Æîü, ÁÖ´Ö †Ö¯ÖæÙŸÖ ¾ÖÛÎú  
 (A) ®ÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (B) ÃÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (C) ¯Öß”êû Ûúß †Öê¸ü ´Öã›Ìüß ÆüÖêŸÖß Æîü … 
 (D) ²ÖÖÓ‡Ô †Öê¸ü ×ÜÖÃÖÛú •ÖÖŸÖß Æîü …  
 
3. ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןÖï֬ÖÖÔ Ûúß ´ÖãÜµÖ ×¾Ö¿ÖêÂÖŸÖÖ Æîü : 
 I. ˆŸ¯ÖÖ¤ü ×¾Ö³Öê¤üßÛú¸üÞÖ  
 II. ÝÖî¸ü Ûúß´ÖŸÖ ¯ÖÏןÖï֬ÖÖÔ  
 III. ±ú´ÖÖí Ûúß ²Ö›Ìüß ÃÖÓܵÖÖ †Öî¸ü ¯ÖϾÖê¿Ö ‹¾ÖÓ 
²Ö×ÆüÝÖÔ´Ö®Ö Ûúß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 IV. ±ú´Öí †ÓŸÖ:×®Ö³ÖÔ¸ü ÆüÖêŸÖß Æïü … 
 Ûæú™ü : 
 (A) I †Öî¸ü III ÃÖÆüß Æïü … 
 (B) I, II †Öî¸ü IV ÃÖÆüß Æïü … 
 (C) I, II †Öî¸ü III ÃÖÆüß Æïü … 
 (D) I, III †Öî¸ü IV ÃÖÆüß Æïü … 
 
4. †×³ÖÛú£Ö®Ö (A) : ‹ÛúÖ׬ÖÛúÖ¸ü ¯Öî¸êü™üÖê †¤üõÖ µÖÖ 
†¯ÖϳÖÖ¾Öß ÆüÖêŸÖÖ Æîü …  
 ÛúÖ¸üÞÖ (R) : Ûúß´ÖŸÖ ´Öë Ûú×´ÖµÖÖë Ûêú ²Ö¤ü»Öê ´Öë ¾ÖÆü 
•ÖÖê †ÖµÖ ÛúÖ ³ÖÖÝÖ ¤êü®Öê ÛúÖê ŸÖîµÖÖ¸ü ÆüÖêÝÖÖ 
ˆÃÖê ÃÖ´³Ö¾Ö ²Ö®ÖÖ®Öê Ûêú ×»ÖµÖê ÃÖÓÃÖÖ¬Ö®ÖÖë Ûêú 
†Ö²ÖÓ™ü®Ö ÛúÖê ²Ö¤ü»Ö®ÖÖ ÃÖ´³Ö¾Ö ÆüÖêÝÖÖ …  
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü …  
 (B) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß ®ÖÆüà Æîü …  
 (C) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü ¯Ö¸ü®ŸÖã (R), 
(A) Ûúß ÝÖ»ÖŸÖ ¾µÖÖܵÖÖ Æîü …  
 (D) (R) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (A) ÝÖ»ÖŸÖ Æîü …  
 
 
 
 
 
5. µÖפü ÁÖ´Ö †Öî¸ü ¯ÖæÑ•Öß ´Öë ×ÛúÃÖß ³Öß †Ö®Öã¯ÖÖןÖÛú 
¯Ö׸ü¾ÖŸÖÔ®Ö Ûêú ÃÖÖ£Ö MP
L
/MP
K
 ®ÖÆüà ²Ö¤ü»ÖŸÖÖ Æîü 
ŸÖÖê ˆŸ¯ÖÖ¤ü®Ö ±ú»Ö®Ö ×®Ö´®Ö×»Ö×ÜÖŸÖ ÆüÖêŸÖÖ Æîü : 
 (A) ¸êüÜÖßµÖ  (B) †¸êüÜÖßµÖ  
 (C) ‹Ûúºþ¯Ö/ÃÖ´Öºþ¯Ö (D) ÃÖ´Ö×ãÖןÖÛú  
 
6. ÃÖæ“Öß  – I ´Öë ¤üß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß  – II ´Öë ¤üß ÝÖ‡Ô 
´Ö¤üÖë Ûêú ÃÖÖ£Ö ÃÖã´Öê×»ÖŸÖ Ûú¸ëü †Öî¸ü ®Öß“Öê פüµÖê Ûæú™üÖë 
ÃÖê ÃÖÆüß ˆ¢Ö¸ü ÛúÖ “ÖµÖ®Ö Ûú¸ëü : 
ÃÖæ“Öß  – I ÃÖæ“Öß  – II 
I. ±ú´ÖÔ Ûúß ‹•Öê®ÃÖß £µÖÖê¸üß 
(×ÃÖ¨üÖ®ŸÖ)  
1. †Öê.‡Ô. 
×¾Ö×»ÖµÖ´ÖÃÖ®Ö 
II. X-†Ûãú¿Ö»ÖŸÖÖ  2. ‹´Ö.ÃÖß.•Öê®ÖËÃÖ®Ö 
‹¾ÖÓ ›ü²»µÖæ.•Öê. 
´ÖêÛúØ»ÖÝÖ  
III. ˆ¯ÖµÖÖê×ÝÖŸÖÖ 
†×¬ÖÛúŸÖ´ÖßÛú¸üÞÖ 
´ÖÖò›ü»Ö  
3. ×¾Ö»Ö±Ïêú›üÖê ¯Ö¸êü™üÖê  
IV. ‹•Ö¾Ö£ÖÔ ²ÖÖòŒÃÖ 
¸êüÜÖÖ×“Ö¡Ö ÃÖ¾ÖÔ¯ÖÏ£Ö´Ö 
×ÛúÃÖ®Öê ˆ¯ÖµÖÖêÝÖ     
×ÛúµÖÖ ? 
4. ÆüÖ¾Öì »Öß²Öê®ÖÙüß®Ö  
 Ûæú™ü : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. †»¯ÖÛúÖ×»ÖÛú †ÖîÃÖŸÖ Ûãú»Ö »ÖÖÝÖŸÖ †Öî¸ü ¤üß‘ÖÔÛúÖ×»ÖÛú 
†ÖîÃÖŸÖ »ÖÖÝÖŸÖ Ûêú ïֿÖÔ ×²Ö®¤ãü ¯Ö¸ü, †»¯ÖÛúÖ×»ÖÛú 
ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ  
 (A) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ²ÖéÆü¤ü 
ÆüÖêŸÖß Æîü …  
 (B) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß 
Æîü …  
 (C) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ÛúÖ±úß 
†×¬ÖÛú ÆüÖêŸÖß Æîü …  
 (D) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ Ûêú ²Ö¸üÖ²Ö¸ü 
ÆüÖêŸÖß 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 … 
Page 4


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
J-01-13 1 P.T.O.
[Maximum Marks : 100
PAPER-II
ECONOMICS
(To be filled by the Candidate)
Signature and Name of Invigilator
OMR Sheet No. : ...............................................
Roll No.
(In words)
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(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.________________________________
(In figures as per admission card)
Time : 1 
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01
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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
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(i) To have access to the Question Booklet, tear off
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4. Each item has four alternative responses marked (A), (B),
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Example :
where (C) is the correct response.
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Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
1. ¯ÖÆü»Öê ¯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‹ ¯Öã×ßÖÛúÖ ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö Ûúß ÃÖᯙ /
¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ /
ײ֮ÖÖ ¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ 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×Ûú (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, 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 ´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 †ÓÛú ÛúÖ™êü ®ÖÆüà •ÖÖ‹ÑÝÖê …
Paper-II 2  J-01-13 
 
 
 
 
 
1. Under Cournot Model of Duopoly, 
each duopolist will produce 
 (A) half the output 
 (B) one-fourth of the output 
 (C) one-sixth of the output 
 (D) one-third of the total output 
 
2. As long as the substitution effect 
dominates the income effect, the 
labour supply curve is 
 (A) negatively sloped 
 (B) positively sloped 
 (C) bend backward 
 (D) shifting towards left 
 
3. The distinguishing characteristics of 
monopolistic competition are 
 I. Product differentiation 
 II. Non-price competition 
 III. Large number of firms and 
freedom to entry and exit 
 IV. Firms are interdependent 
 Codes : 
 (A) I & III are correct. 
 (B) I, II and IV are correct. 
 (C) I, II and III are correct. 
 (D) I, III and IV are correct. 
 
4. Assertion (A) : Monopoly is Pareto 
inefficient. 
 Reason (R) : It would be possible to 
change the allocation of 
resources to make the amount 
of income he would be 
prepared to pay in exchange of 
the reduction in price. 
 Codes : 
 (A) Both (A) and (R) are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not 
correct. 
 (C) Both (A) and (R) are correct, 
but (R) is incorrect explanation 
of (A). 
 (D) (R) is correct, but (A) is 
incorrect. 
 
 
 
 
 
5. If MP
L
/MP
K
 does not change with 
any proportionate change in labour 
and capital then the production 
function is 
 (A) Linear 
 (B) Non-linear 
 (C) Homogeneous 
 (D) Homothetic 
 
6. Match the items in the List – I with 
items in List – II. Select the correct 
answer from the code given below : 
List – I List – II 
I. Agency 
Theory of 
Firm 
1. O.E. Williamson 
II. X-
inefficiency 
2. M.C. Jensen and 
W.J. Meckling 
III. The Utility 
Maximisation 
Model 
3. Wilfredo Pareto 
IV. Edgeworth 
box diagram 
first used by 
4. Harvey 
Leibenstein  
 Codes : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. At the point of tangency between 
short- run average total cost and long- 
run average cost, the short-run 
marginal cost 
 (A) greater than long-run marginal 
cost 
 (B) less than long-run marginal 
cost 
 (C) is far above long-run marginal 
cost 
 (D) equals long-run marginal cost  
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 J-01-13 3  Paper-II 
 
 
 
 
 
1. ׫ü†×¬ÖÛúÖ¸ü Ûêú Ûæú®ÖÖì ´ÖÖò›ü»Ö Ûêú †®ŸÖÝÖÔŸÖ, ¯ÖÏŸµÖêÛú 
׫ü†×¬ÖÛúÖ¸üß ×ÛúŸÖ®ÖÖ ˆŸ¯ÖÖ¤ü®Ö Ûú¸êüÝÖÖ ?  
 (A) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ †Ö¬ÖÖ  
 (B) ˆŸ¯ÖÖ¤ü®Ö/†Ö‰ú™ü¯Öã™ü ÛúÖ ‹Ûú “ÖÖî£ÖÖ‡Ô  
 (C) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ 
1
6
  
 (D) Ûãú»Ö ˆŸ¯ÖÖ¤ü®Ö ÛúÖ ‹Ûú ןÖÆüÖ‡Ô  
 
2. •Ö²Ö ŸÖÛú ¯ÖÏןÖãÖÖ¯Ö®Ö ¯ÖϳÖÖ¾Ö †ÖµÖ ¯ÖϳÖÖ¾Ö ¯Ö¸ü 
”ûÖµÖÖ ¸üÆüŸÖÖ Æîü, ÁÖ´Ö †Ö¯ÖæÙŸÖ ¾ÖÛÎú  
 (A) ®ÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (B) ÃÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (C) ¯Öß”êû Ûúß †Öê¸ü ´Öã›Ìüß ÆüÖêŸÖß Æîü … 
 (D) ²ÖÖÓ‡Ô †Öê¸ü ×ÜÖÃÖÛú •ÖÖŸÖß Æîü …  
 
3. ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןÖï֬ÖÖÔ Ûúß ´ÖãÜµÖ ×¾Ö¿ÖêÂÖŸÖÖ Æîü : 
 I. ˆŸ¯ÖÖ¤ü ×¾Ö³Öê¤üßÛú¸üÞÖ  
 II. ÝÖî¸ü Ûúß´ÖŸÖ ¯ÖÏןÖï֬ÖÖÔ  
 III. ±ú´ÖÖí Ûúß ²Ö›Ìüß ÃÖÓܵÖÖ †Öî¸ü ¯ÖϾÖê¿Ö ‹¾ÖÓ 
²Ö×ÆüÝÖÔ´Ö®Ö Ûúß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 IV. ±ú´Öí †ÓŸÖ:×®Ö³ÖÔ¸ü ÆüÖêŸÖß Æïü … 
 Ûæú™ü : 
 (A) I †Öî¸ü III ÃÖÆüß Æïü … 
 (B) I, II †Öî¸ü IV ÃÖÆüß Æïü … 
 (C) I, II †Öî¸ü III ÃÖÆüß Æïü … 
 (D) I, III †Öî¸ü IV ÃÖÆüß Æïü … 
 
4. †×³ÖÛú£Ö®Ö (A) : ‹ÛúÖ׬ÖÛúÖ¸ü ¯Öî¸êü™üÖê †¤üõÖ µÖÖ 
†¯ÖϳÖÖ¾Öß ÆüÖêŸÖÖ Æîü …  
 ÛúÖ¸üÞÖ (R) : Ûúß´ÖŸÖ ´Öë Ûú×´ÖµÖÖë Ûêú ²Ö¤ü»Öê ´Öë ¾ÖÆü 
•ÖÖê †ÖµÖ ÛúÖ ³ÖÖÝÖ ¤êü®Öê ÛúÖê ŸÖîµÖÖ¸ü ÆüÖêÝÖÖ 
ˆÃÖê ÃÖ´³Ö¾Ö ²Ö®ÖÖ®Öê Ûêú ×»ÖµÖê ÃÖÓÃÖÖ¬Ö®ÖÖë Ûêú 
†Ö²ÖÓ™ü®Ö ÛúÖê ²Ö¤ü»Ö®ÖÖ ÃÖ´³Ö¾Ö ÆüÖêÝÖÖ …  
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü …  
 (B) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß ®ÖÆüà Æîü …  
 (C) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü ¯Ö¸ü®ŸÖã (R), 
(A) Ûúß ÝÖ»ÖŸÖ ¾µÖÖܵÖÖ Æîü …  
 (D) (R) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (A) ÝÖ»ÖŸÖ Æîü …  
 
 
 
 
 
5. µÖפü ÁÖ´Ö †Öî¸ü ¯ÖæÑ•Öß ´Öë ×ÛúÃÖß ³Öß †Ö®Öã¯ÖÖןÖÛú 
¯Ö׸ü¾ÖŸÖÔ®Ö Ûêú ÃÖÖ£Ö MP
L
/MP
K
 ®ÖÆüà ²Ö¤ü»ÖŸÖÖ Æîü 
ŸÖÖê ˆŸ¯ÖÖ¤ü®Ö ±ú»Ö®Ö ×®Ö´®Ö×»Ö×ÜÖŸÖ ÆüÖêŸÖÖ Æîü : 
 (A) ¸êüÜÖßµÖ  (B) †¸êüÜÖßµÖ  
 (C) ‹Ûúºþ¯Ö/ÃÖ´Öºþ¯Ö (D) ÃÖ´Ö×ãÖןÖÛú  
 
6. ÃÖæ“Öß  – I ´Öë ¤üß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß  – II ´Öë ¤üß ÝÖ‡Ô 
´Ö¤üÖë Ûêú ÃÖÖ£Ö ÃÖã´Öê×»ÖŸÖ Ûú¸ëü †Öî¸ü ®Öß“Öê פüµÖê Ûæú™üÖë 
ÃÖê ÃÖÆüß ˆ¢Ö¸ü ÛúÖ “ÖµÖ®Ö Ûú¸ëü : 
ÃÖæ“Öß  – I ÃÖæ“Öß  – II 
I. ±ú´ÖÔ Ûúß ‹•Öê®ÃÖß £µÖÖê¸üß 
(×ÃÖ¨üÖ®ŸÖ)  
1. †Öê.‡Ô. 
×¾Ö×»ÖµÖ´ÖÃÖ®Ö 
II. X-†Ûãú¿Ö»ÖŸÖÖ  2. ‹´Ö.ÃÖß.•Öê®ÖËÃÖ®Ö 
‹¾ÖÓ ›ü²»µÖæ.•Öê. 
´ÖêÛúØ»ÖÝÖ  
III. ˆ¯ÖµÖÖê×ÝÖŸÖÖ 
†×¬ÖÛúŸÖ´ÖßÛú¸üÞÖ 
´ÖÖò›ü»Ö  
3. ×¾Ö»Ö±Ïêú›üÖê ¯Ö¸êü™üÖê  
IV. ‹•Ö¾Ö£ÖÔ ²ÖÖòŒÃÖ 
¸êüÜÖÖ×“Ö¡Ö ÃÖ¾ÖÔ¯ÖÏ£Ö´Ö 
×ÛúÃÖ®Öê ˆ¯ÖµÖÖêÝÖ     
×ÛúµÖÖ ? 
4. ÆüÖ¾Öì »Öß²Öê®ÖÙüß®Ö  
 Ûæú™ü : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. †»¯ÖÛúÖ×»ÖÛú †ÖîÃÖŸÖ Ûãú»Ö »ÖÖÝÖŸÖ †Öî¸ü ¤üß‘ÖÔÛúÖ×»ÖÛú 
†ÖîÃÖŸÖ »ÖÖÝÖŸÖ Ûêú ïֿÖÔ ×²Ö®¤ãü ¯Ö¸ü, †»¯ÖÛúÖ×»ÖÛú 
ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ  
 (A) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ²ÖéÆü¤ü 
ÆüÖêŸÖß Æîü …  
 (B) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß 
Æîü …  
 (C) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ÛúÖ±úß 
†×¬ÖÛú ÆüÖêŸÖß Æîü …  
 (D) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ Ûêú ²Ö¸üÖ²Ö¸ü 
ÆüÖêŸÖß 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  J-01-13 
8. The equilibrium in a market is 
incomplete with increasing returns to 
scale only in the case of 
 (A) imperfectly competitive market 
 (B) monopolistic market 
 (C) perfectly competitive market 
 (D) none of the above 
 
9. If 1 = Involuntary unemployment;          
2 = Disguised unemployment;           
3 = Frictional unemployment; and          
4 = Structural unemployment, then 
full employment is consistent with  
 (A) 1 & 2 (B) 2 & 3 
 (C) 3 & 4 (D) 1 & 4 
 
10. In Keynes’ equation of absolute 
income hypothesis, C = a
0
 + by, 
where C = Consumption expenditure; 
a
0
 = Consumption expenditure when 
income (y) is zero; and b = Marginal 
Propensity to Consume (MPC), then 
which of the following statements is 
false ? 
 (A) MPC is independent of the 
level of income. 
 (B) MPC is dependent on the level 
of income. 
 (C) APC falls as income rises. 
 (D) APC > MPC. 
 
11. Which of the following statements is 
false ? 
 (A) The balanced budget multiplier 
is unity when taxes are lump 
sum taxes. 
 (B) The balanced budget multiplier 
is less than unity when taxes 
are ad valorem taxes. 
 (C) Tax multiplier is less than 
government expenditure 
multiplier. 
 (D) Tax multiplier is more than 
government expenditure 
multiplier. 
12. Match the theory/criterion of 
investment determination as given 
below in List – II with their 
propounders given below in List – I : 
List – I List – II 
I. Dale 
Jorgenson 
a. Q-Theory 
II. J.M. Keynes  b. Neo-classical 
Theory 
III. James Cohin c. Accelerator 
Theory 
IV. James Clark d. Present Value 
Criterion 
 Codes : 
  I II III IV 
 (A) a d b c 
 (B) b d a c 
 (C) c d a b 
 (D) c a d b 
 
13. Assertion (A) : In liquidity trap, the 
demand for money is perfectly 
interest elastic. 
 Reason (R) : Because in this 
situation, all the investors 
expect the market rate of 
interest to rise towards the 
natural rate of interest. 
 Codes : 
 (A) (A) and (R) both are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) and (R) both are correct, 
but (R) is not the correct 
explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) Both (A) and (R) are incorrect. 
 
14. The rate of net investment spending 
per time period depends on steepness 
of the downword slope of  
 (A) Marginal efficiency of 
Investment Schedule 
 (B) Marginal efficiency of Capital 
Schedule  
 (C) LM-Schedule 
 (D) IS-Schedule 
Page 5


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J-01-13 1 P.T.O.
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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, you will render yourself liable to
disqualification.
9. Y ou have to return the original OMR Sheet to the invigilators
at the end of the examination compulsorily and must not
carry it with you outside the Examination Hall. You 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.
Instructions for the Candidates ¯Ö¸üßõÖÖÙ£Ö µÖÖë Ûêú ×»Ö‹ ×®Ö¤ìü¿Ö
1. ¯ÖÆü»Öê ¯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‹ ¯Öã×ßÖÛúÖ ¯Ö¸ü »ÖÝÖß ÛúÖÝÖ•Ö Ûúß ÃÖᯙ /
¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ ÛúÖê ±úÖ›Ìü »Öë … ÜÖã»Öß Æãü‡Ô µÖÖ ×²Ö®ÖÖ Ã™üßÛú¸ü-ÃÖᯙ /
ײ֮ÖÖ ¯ÖÖê×»Ö£Öß®Ö ²ÖîÝÖ 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×Ûú (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, 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 ´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 †ÓÛú ÛúÖ™êü ®ÖÆüà •ÖÖ‹ÑÝÖê …
Paper-II 2  J-01-13 
 
 
 
 
 
1. Under Cournot Model of Duopoly, 
each duopolist will produce 
 (A) half the output 
 (B) one-fourth of the output 
 (C) one-sixth of the output 
 (D) one-third of the total output 
 
2. As long as the substitution effect 
dominates the income effect, the 
labour supply curve is 
 (A) negatively sloped 
 (B) positively sloped 
 (C) bend backward 
 (D) shifting towards left 
 
3. The distinguishing characteristics of 
monopolistic competition are 
 I. Product differentiation 
 II. Non-price competition 
 III. Large number of firms and 
freedom to entry and exit 
 IV. Firms are interdependent 
 Codes : 
 (A) I & III are correct. 
 (B) I, II and IV are correct. 
 (C) I, II and III are correct. 
 (D) I, III and IV are correct. 
 
4. Assertion (A) : Monopoly is Pareto 
inefficient. 
 Reason (R) : It would be possible to 
change the allocation of 
resources to make the amount 
of income he would be 
prepared to pay in exchange of 
the reduction in price. 
 Codes : 
 (A) Both (A) and (R) are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not 
correct. 
 (C) Both (A) and (R) are correct, 
but (R) is incorrect explanation 
of (A). 
 (D) (R) is correct, but (A) is 
incorrect. 
 
 
 
 
 
5. If MP
L
/MP
K
 does not change with 
any proportionate change in labour 
and capital then the production 
function is 
 (A) Linear 
 (B) Non-linear 
 (C) Homogeneous 
 (D) Homothetic 
 
6. Match the items in the List – I with 
items in List – II. Select the correct 
answer from the code given below : 
List – I List – II 
I. Agency 
Theory of 
Firm 
1. O.E. Williamson 
II. X-
inefficiency 
2. M.C. Jensen and 
W.J. Meckling 
III. The Utility 
Maximisation 
Model 
3. Wilfredo Pareto 
IV. Edgeworth 
box diagram 
first used by 
4. Harvey 
Leibenstein  
 Codes : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. At the point of tangency between 
short- run average total cost and long- 
run average cost, the short-run 
marginal cost 
 (A) greater than long-run marginal 
cost 
 (B) less than long-run marginal 
cost 
 (C) is far above long-run marginal 
cost 
 (D) equals long-run marginal cost  
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 J-01-13 3  Paper-II 
 
 
 
 
 
1. ׫ü†×¬ÖÛúÖ¸ü Ûêú Ûæú®ÖÖì ´ÖÖò›ü»Ö Ûêú †®ŸÖÝÖÔŸÖ, ¯ÖÏŸµÖêÛú 
׫ü†×¬ÖÛúÖ¸üß ×ÛúŸÖ®ÖÖ ˆŸ¯ÖÖ¤ü®Ö Ûú¸êüÝÖÖ ?  
 (A) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ †Ö¬ÖÖ  
 (B) ˆŸ¯ÖÖ¤ü®Ö/†Ö‰ú™ü¯Öã™ü ÛúÖ ‹Ûú “ÖÖî£ÖÖ‡Ô  
 (C) ˆŸ¯ÖÖ¤ü®Ö ÛúÖ 
1
6
  
 (D) Ûãú»Ö ˆŸ¯ÖÖ¤ü®Ö ÛúÖ ‹Ûú ןÖÆüÖ‡Ô  
 
2. •Ö²Ö ŸÖÛú ¯ÖÏןÖãÖÖ¯Ö®Ö ¯ÖϳÖÖ¾Ö †ÖµÖ ¯ÖϳÖÖ¾Ö ¯Ö¸ü 
”ûÖµÖÖ ¸üÆüŸÖÖ Æîü, ÁÖ´Ö †Ö¯ÖæÙŸÖ ¾ÖÛÎú  
 (A) ®ÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (B) ÃÖÛúÖ¸üÖŸ´ÖÛú ºþ¯Ö ÃÖê œü»Ö¾ÖÖÑ ÆüÖêŸÖß Æîü …  
 (C) ¯Öß”êû Ûúß †Öê¸ü ´Öã›Ìüß ÆüÖêŸÖß Æîü … 
 (D) ²ÖÖÓ‡Ô †Öê¸ü ×ÜÖÃÖÛú •ÖÖŸÖß Æîü …  
 
3. ‹ÛúÖ׬ÖÛúÖ¸üß ¯ÖÏןÖï֬ÖÖÔ Ûúß ´ÖãÜµÖ ×¾Ö¿ÖêÂÖŸÖÖ Æîü : 
 I. ˆŸ¯ÖÖ¤ü ×¾Ö³Öê¤üßÛú¸üÞÖ  
 II. ÝÖî¸ü Ûúß´ÖŸÖ ¯ÖÏןÖï֬ÖÖÔ  
 III. ±ú´ÖÖí Ûúß ²Ö›Ìüß ÃÖÓܵÖÖ †Öî¸ü ¯ÖϾÖê¿Ö ‹¾ÖÓ 
²Ö×ÆüÝÖÔ´Ö®Ö Ûúß Ã¾ÖŸÖÓ¡ÖŸÖÖ  
 IV. ±ú´Öí †ÓŸÖ:×®Ö³ÖÔ¸ü ÆüÖêŸÖß Æïü … 
 Ûæú™ü : 
 (A) I †Öî¸ü III ÃÖÆüß Æïü … 
 (B) I, II †Öî¸ü IV ÃÖÆüß Æïü … 
 (C) I, II †Öî¸ü III ÃÖÆüß Æïü … 
 (D) I, III †Öî¸ü IV ÃÖÆüß Æïü … 
 
4. †×³ÖÛú£Ö®Ö (A) : ‹ÛúÖ׬ÖÛúÖ¸ü ¯Öî¸êü™üÖê †¤üõÖ µÖÖ 
†¯ÖϳÖÖ¾Öß ÆüÖêŸÖÖ Æîü …  
 ÛúÖ¸üÞÖ (R) : Ûúß´ÖŸÖ ´Öë Ûú×´ÖµÖÖë Ûêú ²Ö¤ü»Öê ´Öë ¾ÖÆü 
•ÖÖê †ÖµÖ ÛúÖ ³ÖÖÝÖ ¤êü®Öê ÛúÖê ŸÖîµÖÖ¸ü ÆüÖêÝÖÖ 
ˆÃÖê ÃÖ´³Ö¾Ö ²Ö®ÖÖ®Öê Ûêú ×»ÖµÖê ÃÖÓÃÖÖ¬Ö®ÖÖë Ûêú 
†Ö²ÖÓ™ü®Ö ÛúÖê ²Ö¤ü»Ö®ÖÖ ÃÖ´³Ö¾Ö ÆüÖêÝÖÖ …  
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü …  
 (B) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß ®ÖÆüà Æîü …  
 (C) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü ¯Ö¸ü®ŸÖã (R), 
(A) Ûúß ÝÖ»ÖŸÖ ¾µÖÖܵÖÖ Æîü …  
 (D) (R) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (A) ÝÖ»ÖŸÖ Æîü …  
 
 
 
 
 
5. µÖפü ÁÖ´Ö †Öî¸ü ¯ÖæÑ•Öß ´Öë ×ÛúÃÖß ³Öß †Ö®Öã¯ÖÖןÖÛú 
¯Ö׸ü¾ÖŸÖÔ®Ö Ûêú ÃÖÖ£Ö MP
L
/MP
K
 ®ÖÆüà ²Ö¤ü»ÖŸÖÖ Æîü 
ŸÖÖê ˆŸ¯ÖÖ¤ü®Ö ±ú»Ö®Ö ×®Ö´®Ö×»Ö×ÜÖŸÖ ÆüÖêŸÖÖ Æîü : 
 (A) ¸êüÜÖßµÖ  (B) †¸êüÜÖßµÖ  
 (C) ‹Ûúºþ¯Ö/ÃÖ´Öºþ¯Ö (D) ÃÖ´Ö×ãÖןÖÛú  
 
6. ÃÖæ“Öß  – I ´Öë ¤üß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß  – II ´Öë ¤üß ÝÖ‡Ô 
´Ö¤üÖë Ûêú ÃÖÖ£Ö ÃÖã´Öê×»ÖŸÖ Ûú¸ëü †Öî¸ü ®Öß“Öê פüµÖê Ûæú™üÖë 
ÃÖê ÃÖÆüß ˆ¢Ö¸ü ÛúÖ “ÖµÖ®Ö Ûú¸ëü : 
ÃÖæ“Öß  – I ÃÖæ“Öß  – II 
I. ±ú´ÖÔ Ûúß ‹•Öê®ÃÖß £µÖÖê¸üß 
(×ÃÖ¨üÖ®ŸÖ)  
1. †Öê.‡Ô. 
×¾Ö×»ÖµÖ´ÖÃÖ®Ö 
II. X-†Ûãú¿Ö»ÖŸÖÖ  2. ‹´Ö.ÃÖß.•Öê®ÖËÃÖ®Ö 
‹¾ÖÓ ›ü²»µÖæ.•Öê. 
´ÖêÛúØ»ÖÝÖ  
III. ˆ¯ÖµÖÖê×ÝÖŸÖÖ 
†×¬ÖÛúŸÖ´ÖßÛú¸üÞÖ 
´ÖÖò›ü»Ö  
3. ×¾Ö»Ö±Ïêú›üÖê ¯Ö¸êü™üÖê  
IV. ‹•Ö¾Ö£ÖÔ ²ÖÖòŒÃÖ 
¸êüÜÖÖ×“Ö¡Ö ÃÖ¾ÖÔ¯ÖÏ£Ö´Ö 
×ÛúÃÖ®Öê ˆ¯ÖµÖÖêÝÖ     
×ÛúµÖÖ ? 
4. ÆüÖ¾Öì »Öß²Öê®ÖÙüß®Ö  
 Ûæú™ü : 
  I II III IV 
 (A) 3 2 1 4 
 (B) 2 4 1 3 
 (C) 2 3 4 1 
 (D) 3 4 1 2 
 
7. †»¯ÖÛúÖ×»ÖÛú †ÖîÃÖŸÖ Ûãú»Ö »ÖÖÝÖŸÖ †Öî¸ü ¤üß‘ÖÔÛúÖ×»ÖÛú 
†ÖîÃÖŸÖ »ÖÖÝÖŸÖ Ûêú ïֿÖÔ ×²Ö®¤ãü ¯Ö¸ü, †»¯ÖÛúÖ×»ÖÛú 
ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ  
 (A) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ²ÖéÆü¤ü 
ÆüÖêŸÖß Æîü …  
 (B) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß 
Æîü …  
 (C) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ ÃÖê ÛúÖ±úß 
†×¬ÖÛú ÆüÖêŸÖß Æîü …  
 (D) ¤üß‘ÖÔÛúÖ×»ÖÛú ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ Ûêú ²Ö¸üÖ²Ö¸ü 
ÆüÖêŸÖß 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  J-01-13 
8. The equilibrium in a market is 
incomplete with increasing returns to 
scale only in the case of 
 (A) imperfectly competitive market 
 (B) monopolistic market 
 (C) perfectly competitive market 
 (D) none of the above 
 
9. If 1 = Involuntary unemployment;          
2 = Disguised unemployment;           
3 = Frictional unemployment; and          
4 = Structural unemployment, then 
full employment is consistent with  
 (A) 1 & 2 (B) 2 & 3 
 (C) 3 & 4 (D) 1 & 4 
 
10. In Keynes’ equation of absolute 
income hypothesis, C = a
0
 + by, 
where C = Consumption expenditure; 
a
0
 = Consumption expenditure when 
income (y) is zero; and b = Marginal 
Propensity to Consume (MPC), then 
which of the following statements is 
false ? 
 (A) MPC is independent of the 
level of income. 
 (B) MPC is dependent on the level 
of income. 
 (C) APC falls as income rises. 
 (D) APC > MPC. 
 
11. Which of the following statements is 
false ? 
 (A) The balanced budget multiplier 
is unity when taxes are lump 
sum taxes. 
 (B) The balanced budget multiplier 
is less than unity when taxes 
are ad valorem taxes. 
 (C) Tax multiplier is less than 
government expenditure 
multiplier. 
 (D) Tax multiplier is more than 
government expenditure 
multiplier. 
12. Match the theory/criterion of 
investment determination as given 
below in List – II with their 
propounders given below in List – I : 
List – I List – II 
I. Dale 
Jorgenson 
a. Q-Theory 
II. J.M. Keynes  b. Neo-classical 
Theory 
III. James Cohin c. Accelerator 
Theory 
IV. James Clark d. Present Value 
Criterion 
 Codes : 
  I II III IV 
 (A) a d b c 
 (B) b d a c 
 (C) c d a b 
 (D) c a d b 
 
13. Assertion (A) : In liquidity trap, the 
demand for money is perfectly 
interest elastic. 
 Reason (R) : Because in this 
situation, all the investors 
expect the market rate of 
interest to rise towards the 
natural rate of interest. 
 Codes : 
 (A) (A) and (R) both are correct 
and (R) is the correct 
explanation of (A). 
 (B) (A) and (R) both are correct, 
but (R) is not the correct 
explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) Both (A) and (R) are incorrect. 
 
14. The rate of net investment spending 
per time period depends on steepness 
of the downword slope of  
 (A) Marginal efficiency of 
Investment Schedule 
 (B) Marginal efficiency of Capital 
Schedule  
 (C) LM-Schedule 
 (D) IS-Schedule 
 J-01-13 5  Paper-II 
8. ¯Öî´ÖÖ®Öê Ûêú ¾Ö¬ÖÔ´ÖÖ®Ö ¯ÖÏןֱú»ÖÖë Ûêú ÃÖÖ£Ö ²ÖÖ•ÖÌÖ¸ü ´Öë 
ÃÖÓŸÖã»Ö®Ö ×ÛúÃÖ ×ãÖ×ŸÖ ´Öë †¬Öæ¸üÖ Æîü ? 
 (A) †¯ÖæÞÖÔŸÖµÖÖ ¯ÖÏןÖï֬ÖÖÔŸ´ÖÛú ²ÖÖ•ÖÖ¸ü  
 (B) ‹ÛúÖ׬ÖÛúÖ¸üß ²ÖÖ•ÖÖ¸ü  
 (C) ¯ÖæÞÖÔŸÖµÖÖ ¯ÖÏןÖï֬ÖÖÔŸ´ÖÛú ²ÖÖ•ÖÖ¸ü  
 (D) ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê ÛúÖê‡Ô ®ÖÆüà  
 
9. µÖפü 1 = †®Öîד”ûÛú ²Öê¸üÖê•ÖÝÖÖ¸üß;           
 2 = ¯ÖÏ“”û®®Ö ²Öê¸üÖê•ÖÝÖÖ¸üß; 
 3 = ÃÖÓ‘ÖÂÖÔ•Ö×®ÖŸÖ ²Öê¸üÖê•ÖÝÖÖ¸üß; †Öî¸ü  
 4 = ÃÖÓ¸ü“Ö®ÖÖŸ´ÖÛú ²Öê¸üÖê•ÖÝÖÖ¸üß Æîü, ŸÖÖê ¯ÖæÞÖÔ ¸üÖê•ÖÝÖÖ¸ü 
×®Ö´®Ö×»Ö×ÜÖŸÖ ÃÖê ÃÖÖ´ÖÓ•ÖÃµÖ ¸üÜÖŸÖÖ Æîü : 
 (A) 1 †Öî¸ü 2 (B) 2 †Öî¸ü 3 
 (C) 3 †Öî¸ü 4 (D) 1 †Öî¸ü 4 
 
10. Ûúß®ÃÖ Ûêú ×®Ö¸ü¯ÖêõÖ †ÖµÖ ¯ÖÏÖŒÛú»¯Ö®ÖÖ Ûêú ÃÖ´ÖßÛú¸üÞÖ, 
C = a
0
 + by ´Öë, •ÖÆüÖÑ C = ˆ¯Ö³ÖÖêÝÖ            
¾µÖµÖ; a
0
 = ˆ¯Ö³ÖÖêÝÖ ¾µÖµÖ •Ö²Ö †ÖµÖ (y) ¿Öæ®µÖ 
Æîü; †Öî¸ü b = ˆ¯Ö³ÖÖêÝÖ Ûúß ÃÖß´ÖÖ®ŸÖ ¯ÖϾÖé×¢Ö 
(MPC) Æîü, ŸÖÖê ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë ÃÖê ÛúÖî®Ö ÃÖÖ 
Ûú£Ö®Ö ×´Ö£µÖÖ Æîü ? 
 (A) MPC †ÖµÖ Ûêú ßָü ÃÖê þ֟ÖÓ¡Ö Æîü … 
 (B) MPC †ÖµÖ Ûêú ßָü ¯Ö¸ü †Ö×ÁÖŸÖ Æîü …  
 (C) †ÖµÖ Ûêú ²ÖœÌü®Öê ¯Ö¸ü APC ×ÝÖ¸üŸÖÖ Æîü …  
 (D) APC > MPC 
 
11. ×®Ö´®Ö×»Ö×ÜÖŸÖ Ûú£Ö®ÖÖë ´Öë ÃÖê ÛúÖî®Ö ÃÖÖ ×´Ö£µÖÖ Æîü ? 
 (A) •Ö²Ö Ûú¸ü ‹Ûú´Öã¿ŸÖ Ûú¸ü Æîü, ÃÖÓŸÖã×»ÖŸÖ ²Ö•Ö™ 
ÝÖãÞÖÛú ‡ÛúÖ‡Ô Ûêú ²Ö¸üÖ²Ö¸ü ÆüÖêŸÖÖ Æîü …  
 (B) •Ö²Ö Ûú¸ü µÖ£ÖÖ´Öæ»µÖ Ûú¸ü Æîü, ÃÖÓŸÖã×»ÖŸÖ ²Ö•Ö™ü 
ÝÖãÞÖÛú ‡ÛúÖ‡Ô ÃÖê Ûú´Ö ÆüÖêŸÖÖ Æîü …  
 (C) Ûú¸ü ÝÖãÞÖÛú ÃÖ¸üÛúÖ¸üß ¾µÖµÖ ÝÖãÞÖÛú ÃÖê Ûú´Ö 
ÆüÖêŸÖÖ Æîü …  
 (D) Ûú¸ü ÝÖãÞÖÛú ÃÖ¸üÛúÖ¸üß ¾µÖµÖ ÝÖãÞÖÛú ÃÖê •µÖÖ¤üÖ 
ÆüÖêŸÖÖ Æîü …  
12. ÃÖæ“Öß  – II ´Öë פüµÖê ×®Ö¾Öê¿Ö ×®Ö¬ÖÖÔ¸üÞÖ Ûêú ´ÖÖ®Ö¤Óü›ü / 
×ÃÖ¨üÖÓŸÖ ÛúÖê ÃÖæ“Öß – I ´Öë פüµÖê ˆ®ÖÛêú ¯ÖÏן֯ÖÖ¤üÛúÖë 
Ûêú ÃÖÖ£Ö ÃÖã´Öê×»ÖŸÖ Ûú¸ëü : 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
I. ›êü»Ö •ÖÖòÝÖÔ®ÖÃÖ®Ö a. Q-×ÃÖ¨üÖÓŸÖ  
II. •Öê.‹´Ö. Ûêú®ÃÖ  b. ®Ö¾Ö-Œ»ÖÖ×ÃÖÛúß ×ÃÖ¨üÖ®ŸÖ 
III. •Öê´ÃÖ ÛúÖêÆü®Ö c. Ÿ¾Ö¸üÛú ×ÃÖ¨üÖ®ŸÖ  
IV. •Öê´ÃÖ Œ»ÖÖÛÔú  d. ¾ÖŸÖÔ´ÖÖ®Ö ´ÖÖ®Ö/´Öæ»µÖ 
´ÖÖ®Ö¤Óü›ü  
 Ûæú™ü : 
  I II III IV 
 (A) a d b c 
 (B) b d a c 
 (C) c d a b 
 (D) c a d b 
 
13. †×³ÖÛú£Ö®Ö  (A) : ŸÖ¸ü»ÖŸÖÖ ±Óú¤êü ´Öë, ´Öã¦üÖ Ûúß 
´ÖÖÑÝÖ ¯ÖæÞÖÔŸÖµÖÖ ²µÖÖ•Ö »ÖÖê“Ö®ÖßµÖ ÆüÖêŸÖß Æîü …  
 ÛúÖ¸üÞÖ (R) : ŒµÖÖë×Ûú ‡ÃÖ ×ãÖ×ŸÖ ´Öë, ÃÖ³Öß 
×®Ö¾Öê¿ÖÛú¢ÖÖÔ †¯ÖêõÖÖ Ûú¸üŸÖê Æïü ×Ûú ²µÖÖ•Ö Ûúß 
²ÖÖ•ÖÖ¸ü ¤ü¸ü ²µÖÖ•Ö Ûúß ¯ÖÏÖÛéúןÖÛú ¤ü¸ü Ûúß 
†Öê¸ü ²ÖœÌêüÝÖß … 
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ Æîü …  
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü, ¯Ö¸ü®ŸÖã (R), 
(A) Ûúß ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü …  
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü …  
 (D) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÝÖ»ÖŸÖ Æïü …  
 
14. ÛúÖ»ÖÖ¾Ö×¬Ö †®ÖãÃÖÖ¸ü ×®Ö¾Ö»Ö ×®Ö¾Öê¿Ö ¾µÖµÖ Ûúß ¤ü¸ü 
×®Ö´®Ö×»Ö×ÜÖŸÖ Ûúß †¬ÖÖê´ÖãÜÖß œü»ÖÖ®Ö Ûúß ¯ÖϾÖÞÖŸÖÖ 
¯Ö¸ü ×®Ö³ÖÔ¸ü Ûú¸üŸÖß Æîü : 
 (A) ×®Ö¾Öê¿Ö †®ÖãÃÖæ“Öß Ûúß ÃÖß´ÖÖ®ŸÖ õÖ´ÖŸÖÖ  
 (B) ¯ÖæÑ•Öß †®ÖãÃÖæ“Öß Ûúß ÃÖß´ÖÖ®ŸÖ õÖ´ÖŸÖÖ  
 (C) LM-†®ÖãÃÖæ“Öß  
 (D) IS-†®ÖãÃÖæ“Öß  
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