UGC NET Past Year Question Paper II: Economics (8 September 2013) | UGC NET Past Year Papers PDF Download

 Page 1


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
S-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
S13
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
S-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
S13
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  S-01-13 
 
 
 
 
 
1. Marginal Cost is less than the 
Average Cost when Average Cost 
falls with  
 (A) an increase in output 
 (B) a decrease in output 
 (C) constant output 
 (D) no change in output 
 
2. The pure monopolist obtains 
equilibrium level of output when  
 (A) Marginal Revenue = Marginal 
Cost 
 (B) Price = Marginal Cost  
 (C) Price is the lowest 
 (D) Price is the highest  
 
3. The transformation curve is derived 
from the  
 (A) Consumption Curve  
 (B) Utility Possibility Curve 
 (C) Social Welfare Function 
 (D) Production Contract Curve  
 
4. Match the items in List – I with the 
items in List – II : 
List – I List – II 
a. Principles of 
Economics 
1. Paul 
Sweezy 
b. Kinked Demand 
Curve 
2. Adam 
Smith 
c. Principle of 
Maximum Social 
Advantage 
3. Marshall 
d. Law of Invisible 
Hand 
4. Dalton 
 Codes : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. Assertion (A) : The imposition of 
Sales Tax does not affect the 
profit of the monopolist. 
 Reason (R) : The monopolist shifts 
the burden of Sales Tax on to 
the consumer. 
 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. 
 
6. Market demand for any goods is a 
function of 
 i. price per unit of that goods 
 ii. price per unit of related goods 
 iii. income of the consumer  
 iv. taste and preference of the 
consumer 
 Codes : 
 (A) i and ii only are true. 
 (B) i and iii only are true. 
 (C) i, ii and iii only are true. 
 (D) i, ii, iii and iv are true. 
 
7. If the railways are making loss on 
passenger traffic they should lower 
their fares. The suggested remedy 
would work only if the demand for 
rail travel has a price elasticity of  
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. Zero 
 iv. One 
 (A) ii and iii 
 (B) i and ii 
 (C) i and iii 
 (D) ii andü iv 
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
S-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
S13
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  S-01-13 
 
 
 
 
 
1. Marginal Cost is less than the 
Average Cost when Average Cost 
falls with  
 (A) an increase in output 
 (B) a decrease in output 
 (C) constant output 
 (D) no change in output 
 
2. The pure monopolist obtains 
equilibrium level of output when  
 (A) Marginal Revenue = Marginal 
Cost 
 (B) Price = Marginal Cost  
 (C) Price is the lowest 
 (D) Price is the highest  
 
3. The transformation curve is derived 
from the  
 (A) Consumption Curve  
 (B) Utility Possibility Curve 
 (C) Social Welfare Function 
 (D) Production Contract Curve  
 
4. Match the items in List – I with the 
items in List – II : 
List – I List – II 
a. Principles of 
Economics 
1. Paul 
Sweezy 
b. Kinked Demand 
Curve 
2. Adam 
Smith 
c. Principle of 
Maximum Social 
Advantage 
3. Marshall 
d. Law of Invisible 
Hand 
4. Dalton 
 Codes : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. Assertion (A) : The imposition of 
Sales Tax does not affect the 
profit of the monopolist. 
 Reason (R) : The monopolist shifts 
the burden of Sales Tax on to 
the consumer. 
 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. 
 
6. Market demand for any goods is a 
function of 
 i. price per unit of that goods 
 ii. price per unit of related goods 
 iii. income of the consumer  
 iv. taste and preference of the 
consumer 
 Codes : 
 (A) i and ii only are true. 
 (B) i and iii only are true. 
 (C) i, ii and iii only are true. 
 (D) i, ii, iii and iv are true. 
 
7. If the railways are making loss on 
passenger traffic they should lower 
their fares. The suggested remedy 
would work only if the demand for 
rail travel has a price elasticity of  
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. Zero 
 iv. One 
 (A) ii and iii 
 (B) i and ii 
 (C) i and iii 
 (D) ii andü iv 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 S-01-13 3  Paper-II 
 
 
 
 
 
1. ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß Æîü 
•Ö²Ö †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ×ÝÖ¸üŸÖß Æîü  
 (A) ˆŸ¯ÖÖ¤ü®Ö ´Öë ¾Öéרü Ûêú ÃÖÖ£Öü … 
 (B) ˆŸ¯ÖÖ¤ü®Ö ´Öë Ûú´Öß Ûêú ÃÖÖ£Ö … 
 (C) ãÖÖµÖß ˆŸ¯ÖÖ¤ü®Ö 
 (D) ˆŸ¯ÖÖ¤ü®Ö ´Öë ÛúÖê‡Ô ¯Ö׸ü¾ÖŸÖÔ®Ö ®ÖÆüà 
 
2. ¿Öã¨ü ‹ÛúÖ׬ÖÛúÖ¸üß ×®ÖÝÖÔŸÖ ÛúÖ ÃÖ®ŸÖã»Ö®Ö ŸÖ²Ö ¯ÖÏÖ¯ŸÖ 
Ûú¸üŸÖÖ Æîü •Ö²Ö 
 (A) ÃÖß´ÖÖ®ŸÖ †Ö´Ö¤ü®Öß = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (B) Ûúß´ÖŸÖ  = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (C) Ûúß´ÖŸÖ •Ö²Ö ×®Ö´®ÖŸÖ´Ö ÆüÖê … 
 (D) Ûúß´ÖŸÖ •Ö²Ö ˆ““ÖŸÖ´Ö ÆüÖê … 
 
3. ºþ¯ÖÖ®ŸÖ¸üÞÖ ¾ÖÛÎú Ûúß ¾µÖ㟯Ö×¢Ö ÆüÖêŸÖß Æîü 
 (A) ˆ¯Ö³ÖÖêÝÖ ¾ÖÛÎú ÃÖê 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú ÃÖê 
 (C) ÃÖÖ´ÖÖוÖÛú Ûú»µÖÖÞÖ ×¾Ö¬ÖêµÖ ÃÖê  
 (D) ˆŸ¯ÖÖ¤ü®Ö ÃÖÓ×¾Ö¤üÖ ¾ÖÛÎú ÃÖê 
 
4. ÃÖæ“Öß – I Ûúß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß – II Ûúß ´Ö¤üÖë ÃÖê 
ÃÖã´Öê×»ÖŸÖ Ûúßו֋ : 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
a. دÖÏÃÖֻ߯ÃÖ †Öò±ú 
‡ÛúÖê®ÖÖ×´ÖŒÃÖ 
1. ¯ÖÖò»Ö þÖß•ÖÌß 
b. ¾µÖÖÛãÓú×“ÖŸÖ ´ÖÖÑÝÖ ¾ÖÛÎú  2. ‹ê›ü´Ö ×Ã´Ö£Ö 
c. †×¬ÖÛúŸÖ´Ö ÃÖÖ´ÖÖוÖÛú 
»ÖÖ³Ö ÛúÖ ×ÃÖ¨üÖÓŸÖ 
3. ´ÖÖ¿ÖÔ»Ö 
d. †¥ü¿µÖ ÆüÃŸÖ ×®ÖµÖ´Ö  4. ›üÖ»™ü®Ö 
 Ûæú™ü : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. †×³ÖÛú£Ö®Ö (A) : ײÖÛÎúß Ûú¸ü »ÖÝÖÖ®Öê ÃÖê 
‹ÛúÖ׬ÖÛúÖ¸üß Ûêú »ÖÖ³Ö ¯Ö¸ü ÛúÖê‡Ô ¯ÖϳÖÖ¾Ö ®ÖÆüà 
¯Ö›ÌüüŸÖÖ …  
 ŸÖÛÔú (R) : ‹ÛúÖ׬ÖÛúÖ¸üß ×²ÖÛÎúß Ûú¸ü Ûêú ²ÖÖê—Ö ÛúÖê 
ˆ¯Ö³ÖÖꌟÖÖ ¯Ö¸ü ›üÖ»Ö ¤êüŸÖÖ Æîü … 
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü, ¯Ö¸ü®ŸÖã (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
 
6. ×ÛúÃÖß ³Öß ¾ÖßÖã Ûúß ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ, ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë 
ÃÖê ×ÛúÃÖÛúÖ ±ú»Ö®Ö Æîü ? 
 i. ˆÃÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß Ûúß´ÖŸÖ 
 ii. ÃÖ´²Ö×®¬ÖŸÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß 
Ûúß´ÖŸÖ 
 iii. ˆ¯Ö³ÖÖꌟÖÖ Ûúß †ÖµÖ 
 iv. ˆ¯Ö³ÖÖꌟÖÖ Ûúß ¯ÖÃÖ®¤ü †Öî¸ü †×¬Ö´ÖÖ®Ö 
 Ûæú™ü : 
 (A) Ûêú¾Ö»Ö i †Öî¸ü ii ÃÖÆüß Æïü …  
 (B) Ûêú¾Ö»Ö i †Öî¸ü iii ÃÖÆüß Æïü …  
 (C) Ûêú¾Ö»Ö i, ii †Öî¸ü iii ÃÖÆüß Æïü … 
 (D) i, ii, iii †Öî¸ü iv ÃÖÆüß Æïü …  
 
7. µÖפü ¸êü»Ö¾Öê ÛúÖê µÖÖ¡Öß µÖÖŸÖÖµÖÖŸÖ ÃÖê ÆüÖ×®Ö ÆüÖêŸÖß Æîü ŸÖÖê 
ˆÃÖê †¯Ö®Öê ³ÖÖ›ÌüÖë ÛúÖê Ûú´Ö Ûú¸ü ¤êü®ÖÖ “ÖÖ×Æü‹ … µÖÆü 
ÃÖ´ÖÖ¬ÖÖ®Ö ŸÖ³Öß ÛúÖ¸üÝÖ¸ü ÆüÖêÝÖÖ µÖפü ¸êü»Ö µÖÖ¡ÖÖ Ûúß 
´ÖÖÑÝÖ ´Öë Ûúß´ÖŸÖ Ûúß »Ö“ÖÛúŸÖÖ ÆüÖê – 
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. ¿Öæ®µÖ 
 iv. ‹Ûú 
 (A) ii †Öî¸ü iii 
 (B) i †Öî¸ü ii 
 (C) i †Öî¸ü iii 
 (D) ii †Öî¸ü iv 
†£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
S-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
S13
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 :
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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
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×ÛúÃÖß †® µÖ ãÖÖ®Ö ¯Ö¸ü ˆ¢Ö¸ü דÖÅ®ÖÖÓ×ÛúŸÖ Ûú¸üŸÖê Æïü, ŸÖÖê ˆÃÖÛúÖ ´Öæ» µÖÖÓÛú®Ö
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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
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‘ÖÖê×ÂÖŸÖ ×Ûú µÖê •ÖÖ ÃÖÛúŸÖê Æïü …
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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  S-01-13 
 
 
 
 
 
1. Marginal Cost is less than the 
Average Cost when Average Cost 
falls with  
 (A) an increase in output 
 (B) a decrease in output 
 (C) constant output 
 (D) no change in output 
 
2. The pure monopolist obtains 
equilibrium level of output when  
 (A) Marginal Revenue = Marginal 
Cost 
 (B) Price = Marginal Cost  
 (C) Price is the lowest 
 (D) Price is the highest  
 
3. The transformation curve is derived 
from the  
 (A) Consumption Curve  
 (B) Utility Possibility Curve 
 (C) Social Welfare Function 
 (D) Production Contract Curve  
 
4. Match the items in List – I with the 
items in List – II : 
List – I List – II 
a. Principles of 
Economics 
1. Paul 
Sweezy 
b. Kinked Demand 
Curve 
2. Adam 
Smith 
c. Principle of 
Maximum Social 
Advantage 
3. Marshall 
d. Law of Invisible 
Hand 
4. Dalton 
 Codes : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. Assertion (A) : The imposition of 
Sales Tax does not affect the 
profit of the monopolist. 
 Reason (R) : The monopolist shifts 
the burden of Sales Tax on to 
the consumer. 
 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. 
 
6. Market demand for any goods is a 
function of 
 i. price per unit of that goods 
 ii. price per unit of related goods 
 iii. income of the consumer  
 iv. taste and preference of the 
consumer 
 Codes : 
 (A) i and ii only are true. 
 (B) i and iii only are true. 
 (C) i, ii and iii only are true. 
 (D) i, ii, iii and iv are true. 
 
7. If the railways are making loss on 
passenger traffic they should lower 
their fares. The suggested remedy 
would work only if the demand for 
rail travel has a price elasticity of  
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. Zero 
 iv. One 
 (A) ii and iii 
 (B) i and ii 
 (C) i and iii 
 (D) ii andü iv 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 S-01-13 3  Paper-II 
 
 
 
 
 
1. ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß Æîü 
•Ö²Ö †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ×ÝÖ¸üŸÖß Æîü  
 (A) ˆŸ¯ÖÖ¤ü®Ö ´Öë ¾Öéרü Ûêú ÃÖÖ£Öü … 
 (B) ˆŸ¯ÖÖ¤ü®Ö ´Öë Ûú´Öß Ûêú ÃÖÖ£Ö … 
 (C) ãÖÖµÖß ˆŸ¯ÖÖ¤ü®Ö 
 (D) ˆŸ¯ÖÖ¤ü®Ö ´Öë ÛúÖê‡Ô ¯Ö׸ü¾ÖŸÖÔ®Ö ®ÖÆüà 
 
2. ¿Öã¨ü ‹ÛúÖ׬ÖÛúÖ¸üß ×®ÖÝÖÔŸÖ ÛúÖ ÃÖ®ŸÖã»Ö®Ö ŸÖ²Ö ¯ÖÏÖ¯ŸÖ 
Ûú¸üŸÖÖ Æîü •Ö²Ö 
 (A) ÃÖß´ÖÖ®ŸÖ †Ö´Ö¤ü®Öß = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (B) Ûúß´ÖŸÖ  = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (C) Ûúß´ÖŸÖ •Ö²Ö ×®Ö´®ÖŸÖ´Ö ÆüÖê … 
 (D) Ûúß´ÖŸÖ •Ö²Ö ˆ““ÖŸÖ´Ö ÆüÖê … 
 
3. ºþ¯ÖÖ®ŸÖ¸üÞÖ ¾ÖÛÎú Ûúß ¾µÖ㟯Ö×¢Ö ÆüÖêŸÖß Æîü 
 (A) ˆ¯Ö³ÖÖêÝÖ ¾ÖÛÎú ÃÖê 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú ÃÖê 
 (C) ÃÖÖ´ÖÖוÖÛú Ûú»µÖÖÞÖ ×¾Ö¬ÖêµÖ ÃÖê  
 (D) ˆŸ¯ÖÖ¤ü®Ö ÃÖÓ×¾Ö¤üÖ ¾ÖÛÎú ÃÖê 
 
4. ÃÖæ“Öß – I Ûúß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß – II Ûúß ´Ö¤üÖë ÃÖê 
ÃÖã´Öê×»ÖŸÖ Ûúßו֋ : 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
a. دÖÏÃÖֻ߯ÃÖ †Öò±ú 
‡ÛúÖê®ÖÖ×´ÖŒÃÖ 
1. ¯ÖÖò»Ö þÖß•ÖÌß 
b. ¾µÖÖÛãÓú×“ÖŸÖ ´ÖÖÑÝÖ ¾ÖÛÎú  2. ‹ê›ü´Ö ×Ã´Ö£Ö 
c. †×¬ÖÛúŸÖ´Ö ÃÖÖ´ÖÖוÖÛú 
»ÖÖ³Ö ÛúÖ ×ÃÖ¨üÖÓŸÖ 
3. ´ÖÖ¿ÖÔ»Ö 
d. †¥ü¿µÖ ÆüÃŸÖ ×®ÖµÖ´Ö  4. ›üÖ»™ü®Ö 
 Ûæú™ü : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. †×³ÖÛú£Ö®Ö (A) : ײÖÛÎúß Ûú¸ü »ÖÝÖÖ®Öê ÃÖê 
‹ÛúÖ׬ÖÛúÖ¸üß Ûêú »ÖÖ³Ö ¯Ö¸ü ÛúÖê‡Ô ¯ÖϳÖÖ¾Ö ®ÖÆüà 
¯Ö›ÌüüŸÖÖ …  
 ŸÖÛÔú (R) : ‹ÛúÖ׬ÖÛúÖ¸üß ×²ÖÛÎúß Ûú¸ü Ûêú ²ÖÖê—Ö ÛúÖê 
ˆ¯Ö³ÖÖꌟÖÖ ¯Ö¸ü ›üÖ»Ö ¤êüŸÖÖ Æîü … 
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü, ¯Ö¸ü®ŸÖã (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
 
6. ×ÛúÃÖß ³Öß ¾ÖßÖã Ûúß ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ, ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë 
ÃÖê ×ÛúÃÖÛúÖ ±ú»Ö®Ö Æîü ? 
 i. ˆÃÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß Ûúß´ÖŸÖ 
 ii. ÃÖ´²Ö×®¬ÖŸÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß 
Ûúß´ÖŸÖ 
 iii. ˆ¯Ö³ÖÖꌟÖÖ Ûúß †ÖµÖ 
 iv. ˆ¯Ö³ÖÖꌟÖÖ Ûúß ¯ÖÃÖ®¤ü †Öî¸ü †×¬Ö´ÖÖ®Ö 
 Ûæú™ü : 
 (A) Ûêú¾Ö»Ö i †Öî¸ü ii ÃÖÆüß Æïü …  
 (B) Ûêú¾Ö»Ö i †Öî¸ü iii ÃÖÆüß Æïü …  
 (C) Ûêú¾Ö»Ö i, ii †Öî¸ü iii ÃÖÆüß Æïü … 
 (D) i, ii, iii †Öî¸ü iv ÃÖÆüß Æïü …  
 
7. µÖפü ¸êü»Ö¾Öê ÛúÖê µÖÖ¡Öß µÖÖŸÖÖµÖÖŸÖ ÃÖê ÆüÖ×®Ö ÆüÖêŸÖß Æîü ŸÖÖê 
ˆÃÖê †¯Ö®Öê ³ÖÖ›ÌüÖë ÛúÖê Ûú´Ö Ûú¸ü ¤êü®ÖÖ “ÖÖ×Æü‹ … µÖÆü 
ÃÖ´ÖÖ¬ÖÖ®Ö ŸÖ³Öß ÛúÖ¸üÝÖ¸ü ÆüÖêÝÖÖ µÖפü ¸êü»Ö µÖÖ¡ÖÖ Ûúß 
´ÖÖÑÝÖ ´Öë Ûúß´ÖŸÖ Ûúß »Ö“ÖÛúŸÖÖ ÆüÖê – 
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. ¿Öæ®µÖ 
 iv. ‹Ûú 
 (A) ii †Öî¸ü iii 
 (B) i †Öî¸ü ii 
 (C) i †Öî¸ü iii 
 (D) ii †Öî¸ü iv 
†£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  S-01-13 
8. Macro economics distinguishes 
between the real economy and  
 (A) virtual economy 
 (B) monetary economy 
 (C) normative economy 
 (D) underground economy 
 
9. Match the items in List – I with the 
items in List – II : 
List – I List– II 
i. Psychological 
Law of 
Consumption 
1. Ratchet 
Effect 
ii. Relative 
Income 
Hypothesis 
2. Age 
Structure of 
the 
Population 
iii. Permanent 
Income 
Hypothesis 
3. Distribution 
of Income 
iv. Life Cycle 
Hypothesis 
4. Backward 
Looking 
Expectations 
 Codes : 
   i ii iii iv 
 (A) 3 1 4 2 
 (B) 2 4 1 3 
 (C) 3 1 2 4 
 (D) 4 2 3 1 
 
10. Assertion (A) : There exits inverse 
relationship between interest 
rates and bond prices. 
 Reason (R) : A bond price represents 
the present discounted value of 
the payments agreed upon at 
the time when the bond was 
issued. 
 Codes : 
 (A) Both (A) and (R) are correct, 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
11. Assertion (A) : The Natural Rate of 
Unemployment Hypothesis 
yields in the long run a vertical 
Phillips Curve. 
 Reason (R) : The Natural Rate of 
Unemployment assumes static 
price expectations. 
 Codes : 
 (A) (A) is correct and (R) is the 
correct explanation of (A). 
 (B) Both (A) and (R) are correct 
and (R) is not the correct 
explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) Both (A) and (R) are incorrect. 
 
12. In the context of different business 
cycle theories match the nature of 
cycle/approach given in List – I with 
the propounders in List – II : 
List– I List – II 
i. Constrained 
Cycles 
1. Paul A. 
Samuelson 
ii. Acceleration – 
Multiplier 
Interaction 
Approach  
2. J. R. Hicks 
iii. Capital – Stock 
Adjustment 
Principle 
3. Nicholas 
Kaldor 
iv. Real Business 
Cycles 
4. Robert J. 
Barro  
 Codes : 
   i ii iii iv 
 (A) 2 1 3 4 
 (B) 1 2 4 3 
 (C) 2 1 4 3 
 (D) 1 3 2 4 
Page 5


Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
S-01-13 1 P.T.O.
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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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•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 /
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(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  S-01-13 
 
 
 
 
 
1. Marginal Cost is less than the 
Average Cost when Average Cost 
falls with  
 (A) an increase in output 
 (B) a decrease in output 
 (C) constant output 
 (D) no change in output 
 
2. The pure monopolist obtains 
equilibrium level of output when  
 (A) Marginal Revenue = Marginal 
Cost 
 (B) Price = Marginal Cost  
 (C) Price is the lowest 
 (D) Price is the highest  
 
3. The transformation curve is derived 
from the  
 (A) Consumption Curve  
 (B) Utility Possibility Curve 
 (C) Social Welfare Function 
 (D) Production Contract Curve  
 
4. Match the items in List – I with the 
items in List – II : 
List – I List – II 
a. Principles of 
Economics 
1. Paul 
Sweezy 
b. Kinked Demand 
Curve 
2. Adam 
Smith 
c. Principle of 
Maximum Social 
Advantage 
3. Marshall 
d. Law of Invisible 
Hand 
4. Dalton 
 Codes : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. Assertion (A) : The imposition of 
Sales Tax does not affect the 
profit of the monopolist. 
 Reason (R) : The monopolist shifts 
the burden of Sales Tax on to 
the consumer. 
 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. 
 
6. Market demand for any goods is a 
function of 
 i. price per unit of that goods 
 ii. price per unit of related goods 
 iii. income of the consumer  
 iv. taste and preference of the 
consumer 
 Codes : 
 (A) i and ii only are true. 
 (B) i and iii only are true. 
 (C) i, ii and iii only are true. 
 (D) i, ii, iii and iv are true. 
 
7. If the railways are making loss on 
passenger traffic they should lower 
their fares. The suggested remedy 
would work only if the demand for 
rail travel has a price elasticity of  
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. Zero 
 iv. One 
 (A) ii and iii 
 (B) i and ii 
 (C) i and iii 
 (D) ii andü iv 
ECONOMICS 
Paper – II 
 
Note : This paper contains fifty (50) objective type questions of two (2) marks each. All 
questions are compulsory. 
 S-01-13 3  Paper-II 
 
 
 
 
 
1. ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ÃÖê Ûú´Ö ÆüÖêŸÖß Æîü 
•Ö²Ö †ÖîÃÖŸÖ »ÖÖÝÖŸÖ ×ÝÖ¸üŸÖß Æîü  
 (A) ˆŸ¯ÖÖ¤ü®Ö ´Öë ¾Öéרü Ûêú ÃÖÖ£Öü … 
 (B) ˆŸ¯ÖÖ¤ü®Ö ´Öë Ûú´Öß Ûêú ÃÖÖ£Ö … 
 (C) ãÖÖµÖß ˆŸ¯ÖÖ¤ü®Ö 
 (D) ˆŸ¯ÖÖ¤ü®Ö ´Öë ÛúÖê‡Ô ¯Ö׸ü¾ÖŸÖÔ®Ö ®ÖÆüà 
 
2. ¿Öã¨ü ‹ÛúÖ׬ÖÛúÖ¸üß ×®ÖÝÖÔŸÖ ÛúÖ ÃÖ®ŸÖã»Ö®Ö ŸÖ²Ö ¯ÖÏÖ¯ŸÖ 
Ûú¸üŸÖÖ Æîü •Ö²Ö 
 (A) ÃÖß´ÖÖ®ŸÖ †Ö´Ö¤ü®Öß = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (B) Ûúß´ÖŸÖ  = ÃÖß´ÖÖ®ŸÖ »ÖÖÝÖŸÖ 
 (C) Ûúß´ÖŸÖ •Ö²Ö ×®Ö´®ÖŸÖ´Ö ÆüÖê … 
 (D) Ûúß´ÖŸÖ •Ö²Ö ˆ““ÖŸÖ´Ö ÆüÖê … 
 
3. ºþ¯ÖÖ®ŸÖ¸üÞÖ ¾ÖÛÎú Ûúß ¾µÖ㟯Ö×¢Ö ÆüÖêŸÖß Æîü 
 (A) ˆ¯Ö³ÖÖêÝÖ ¾ÖÛÎú ÃÖê 
 (B) ˆ¯ÖµÖÖê×ÝÖŸÖÖ ÃÖÓ³ÖÖ¾µÖŸÖÖ ¾ÖÛÎú ÃÖê 
 (C) ÃÖÖ´ÖÖוÖÛú Ûú»µÖÖÞÖ ×¾Ö¬ÖêµÖ ÃÖê  
 (D) ˆŸ¯ÖÖ¤ü®Ö ÃÖÓ×¾Ö¤üÖ ¾ÖÛÎú ÃÖê 
 
4. ÃÖæ“Öß – I Ûúß ´Ö¤üÖë ÛúÖê ÃÖæ“Öß – II Ûúß ´Ö¤üÖë ÃÖê 
ÃÖã´Öê×»ÖŸÖ Ûúßו֋ : 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
a. دÖÏÃÖֻ߯ÃÖ †Öò±ú 
‡ÛúÖê®ÖÖ×´ÖŒÃÖ 
1. ¯ÖÖò»Ö þÖß•ÖÌß 
b. ¾µÖÖÛãÓú×“ÖŸÖ ´ÖÖÑÝÖ ¾ÖÛÎú  2. ‹ê›ü´Ö ×Ã´Ö£Ö 
c. †×¬ÖÛúŸÖ´Ö ÃÖÖ´ÖÖוÖÛú 
»ÖÖ³Ö ÛúÖ ×ÃÖ¨üÖÓŸÖ 
3. ´ÖÖ¿ÖÔ»Ö 
d. †¥ü¿µÖ ÆüÃŸÖ ×®ÖµÖ´Ö  4. ›üÖ»™ü®Ö 
 Ûæú™ü : 
   a b c d 
 (A) 3 1 4 2 
 (B) 3 2 4 1 
 (C) 2 1 3 4 
 (D) 4 3 1 2 
 
 
 
 
5. †×³ÖÛú£Ö®Ö (A) : ײÖÛÎúß Ûú¸ü »ÖÝÖÖ®Öê ÃÖê 
‹ÛúÖ׬ÖÛúÖ¸üß Ûêú »ÖÖ³Ö ¯Ö¸ü ÛúÖê‡Ô ¯ÖϳÖÖ¾Ö ®ÖÆüà 
¯Ö›ÌüüŸÖÖ …  
 ŸÖÛÔú (R) : ‹ÛúÖ׬ÖÛúÖ¸üß ×²ÖÛÎúß Ûú¸ü Ûêú ²ÖÖê—Ö ÛúÖê 
ˆ¯Ö³ÖÖꌟÖÖ ¯Ö¸ü ›üÖ»Ö ¤êüŸÖÖ Æîü … 
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü, ¯Ö¸ü®ŸÖã (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
 
6. ×ÛúÃÖß ³Öß ¾ÖßÖã Ûúß ²ÖÖ•ÖÖ¸ü ´ÖÖÑÝÖ, ×®Ö´®Ö×»Ö×ÜÖŸÖ ´Öë 
ÃÖê ×ÛúÃÖÛúÖ ±ú»Ö®Ö Æîü ? 
 i. ˆÃÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß Ûúß´ÖŸÖ 
 ii. ÃÖ´²Ö×®¬ÖŸÖ ¾ÖßÖã Ûúß ‹Ûú ‡ÛúÖ‡Ô Ûúß 
Ûúß´ÖŸÖ 
 iii. ˆ¯Ö³ÖÖꌟÖÖ Ûúß †ÖµÖ 
 iv. ˆ¯Ö³ÖÖꌟÖÖ Ûúß ¯ÖÃÖ®¤ü †Öî¸ü †×¬Ö´ÖÖ®Ö 
 Ûæú™ü : 
 (A) Ûêú¾Ö»Ö i †Öî¸ü ii ÃÖÆüß Æïü …  
 (B) Ûêú¾Ö»Ö i †Öî¸ü iii ÃÖÆüß Æïü …  
 (C) Ûêú¾Ö»Ö i, ii †Öî¸ü iii ÃÖÆüß Æïü … 
 (D) i, ii, iii †Öî¸ü iv ÃÖÆüß Æïü …  
 
7. µÖפü ¸êü»Ö¾Öê ÛúÖê µÖÖ¡Öß µÖÖŸÖÖµÖÖŸÖ ÃÖê ÆüÖ×®Ö ÆüÖêŸÖß Æîü ŸÖÖê 
ˆÃÖê †¯Ö®Öê ³ÖÖ›ÌüÖë ÛúÖê Ûú´Ö Ûú¸ü ¤êü®ÖÖ “ÖÖ×Æü‹ … µÖÆü 
ÃÖ´ÖÖ¬ÖÖ®Ö ŸÖ³Öß ÛúÖ¸üÝÖ¸ü ÆüÖêÝÖÖ µÖפü ¸êü»Ö µÖÖ¡ÖÖ Ûúß 
´ÖÖÑÝÖ ´Öë Ûúß´ÖŸÖ Ûúß »Ö“ÖÛúŸÖÖ ÆüÖê – 
 i. e
p
 > 1 
 ii. 1 > e
p
 > 0 
 iii. ¿Öæ®µÖ 
 iv. ‹Ûú 
 (A) ii †Öî¸ü iii 
 (B) i †Öî¸ü ii 
 (C) i †Öî¸ü iii 
 (D) ii †Öî¸ü iv 
†£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  S-01-13 
8. Macro economics distinguishes 
between the real economy and  
 (A) virtual economy 
 (B) monetary economy 
 (C) normative economy 
 (D) underground economy 
 
9. Match the items in List – I with the 
items in List – II : 
List – I List– II 
i. Psychological 
Law of 
Consumption 
1. Ratchet 
Effect 
ii. Relative 
Income 
Hypothesis 
2. Age 
Structure of 
the 
Population 
iii. Permanent 
Income 
Hypothesis 
3. Distribution 
of Income 
iv. Life Cycle 
Hypothesis 
4. Backward 
Looking 
Expectations 
 Codes : 
   i ii iii iv 
 (A) 3 1 4 2 
 (B) 2 4 1 3 
 (C) 3 1 2 4 
 (D) 4 2 3 1 
 
10. Assertion (A) : There exits inverse 
relationship between interest 
rates and bond prices. 
 Reason (R) : A bond price represents 
the present discounted value of 
the payments agreed upon at 
the time when the bond was 
issued. 
 Codes : 
 (A) Both (A) and (R) are correct, 
and (R) is the correct 
explanation of (A). 
 (B) (A) is correct, but (R) is not the 
correct explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) (A) is incorrect, but (R) is 
correct. 
11. Assertion (A) : The Natural Rate of 
Unemployment Hypothesis 
yields in the long run a vertical 
Phillips Curve. 
 Reason (R) : The Natural Rate of 
Unemployment assumes static 
price expectations. 
 Codes : 
 (A) (A) is correct and (R) is the 
correct explanation of (A). 
 (B) Both (A) and (R) are correct 
and (R) is not the correct 
explanation of (A). 
 (C) (A) is correct, but (R) is 
incorrect. 
 (D) Both (A) and (R) are incorrect. 
 
12. In the context of different business 
cycle theories match the nature of 
cycle/approach given in List – I with 
the propounders in List – II : 
List– I List – II 
i. Constrained 
Cycles 
1. Paul A. 
Samuelson 
ii. Acceleration – 
Multiplier 
Interaction 
Approach  
2. J. R. Hicks 
iii. Capital – Stock 
Adjustment 
Principle 
3. Nicholas 
Kaldor 
iv. Real Business 
Cycles 
4. Robert J. 
Barro  
 Codes : 
   i ii iii iv 
 (A) 2 1 3 4 
 (B) 1 2 4 3 
 (C) 2 1 4 3 
 (D) 1 3 2 4 
 S-01-13 5  Paper-II 
8. ÃÖ´Ö×™ü †£ÖÔ¿ÖÖÃ¡Ö ¾ÖÖßÖ×¾ÖÛú †£ÖÔ¾µÖ¾ÖãÖÖ †Öî¸ü 
×ÛúÃÖÛêú ²Öß“Ö ×¾Ö³Öê¤ü Ûú¸üŸÖÖ Æîü ? 
 (A) ¯Ö׸üÛú×»¯ÖŸÖ †£ÖÔ¾µÖ¾ÖãÖÖ 
 (B) ´Öã¦üÖ †£ÖÔ¾µÖ¾ÖãÖÖ 
 (C) ×®ÖµÖÖ´ÖÛú †£ÖÔ¾µÖ¾ÖãÖÖ 
 (D) †®ŸÖ³ÖÖì´Ö †£ÖÔ¾µÖ¾ÖãÖÖ 
 
9. ÃÖæ“Öß – I †Öî¸ü ÃÖæ“Öß – II ´Öë ¤üß ÝÖ‡Ô ´Ö¤üÖë ÛúÖê 
‹Ûú ¤æüÃÖ¸êü ÃÖê ÃÖã´Öê×»ÖŸÖ Ûúßו֋ … 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
i. ˆ¯Ö³ÖÖêÝÖ ÛúÖ      
´Ö®ÖÖê¾Öî–ÖÖ×®ÖÛú ×ÃÖ¨üÖÓŸÖ
1. ¸ü™ü“Öê™ü ¯ÖϳÖÖ¾Ö 
ii. ÃÖÖ¯ÖêõÖ †ÖµÖ 
¯Ö׸üÛú»¯Ö®ÖÖ 
2. •Ö®ÖÃÖÓܵÖÖ Ûúß 
†ÖµÖã ÃÖÓ¸ü“Ö®ÖÖ 
iii. ãÖÖµÖß †ÖµÖ 
¯Ö׸üÛú»¯Ö®ÖÖ 
3. †ÖµÖ ×¾ÖŸÖ¸üÞÖ 
iv. •Öß¾Ö®Ö-“ÖÛÎú 
¯Ö׸üÛú»¯Ö®ÖÖ 
4. ¯Öß”êû Ûúß †Öê¸ü 
¤êüÜÖŸÖß †¯ÖêõÖÖ‹Ñ 
 Ûæú™ü : 
   i ii iii iv 
 (A) 3 1 4 2 
 (B) 2 4 1 3 
 (C) 3 1 2 4 
 (D) 4 2 3 1 
 
10. †×³ÖÛú£Ö®Ö (A) : ²µÖÖ•Ö ¤ü¸üÖë †Öî¸ü ²ÖÖòÞ›ü Ûúß 
Ûúß´ÖŸÖÖë ´Öë ¯ÖÏ×ŸÖµÖ®Ö ÃÖ´²Ö®¬Ö Æïü …  
 ŸÖÛÔú (R) : ‹Ûú ²ÖÖòÞ›ü Ûúß Ûúß´ÖŸÖ ²ÖÖòÞ›ü Ûêú •ÖÖ¸üß 
ÆüÖê®Öê Ûêú ÃÖ´ÖµÖ ¯Ö¸ü Æãü‡Ô ÃÖÆü´Ö×ŸÖ Ûêú †®ÖãÃÖÖ¸ü 
¾ÖŸÖÔ´ÖÖ®Ö ´Öë ²Ö¼êü Ûêú ÃÖÖ£Ö Ûúß •ÖÖ®Öê ¾ÖÖ»Öß 
†¤üÖµÖÝÖß ÛúÖê ¯ÖÏÛú™ü Ûú¸üŸÖÖ Æîü … 
 Ûæú™ü : 
 (A) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü †Öî¸ü (A) 
Ûúß (R) ÃÖÆüß ¾µÖÖܵÖÖ Æîü … 
 (B) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R), (A) Ûúß ÃÖÆüß 
¾µÖÖܵÖÖ ®ÖÆüà Æîü … 
 (C) (A) ÃÖÆüß Æîü, ¯Ö¸ü®ŸÖã (R) ÝÖ»ÖŸÖ Æîü … 
 (D) (A) ÝÖ»ÖŸÖ Æîü, ¯Ö¸ü®ŸÖã (R) ÃÖÆüß Æîü … 
11. †×³ÖÛú£Ö®Ö (A) : ²Öê¸üÖê•ÖÝÖÖ¸üß ¯Ö׸üÛú»¯Ö®ÖÖ Ûêú 
¯ÖÏÖÛéúןÖÛú ¤ü¸ü ¤üß‘ÖÔÛúÖ»Ö ´Öë †®Öã»Ö×´²ÖŸÖ 
×±ú×»Ö¯ÖÃÖ ¾ÖÛÎú ¸êüÜÖÖ ¯ÖÏןֱú×»ÖŸÖ ÆüÖêŸÖß Æîü … 
 ŸÖÛÔú (R) : ²Öê¸üÖê•ÖÝÖÖ¸üß ¯Ö׸üÛú»¯Ö®ÖÖ ÛúÖ ¯ÖÏÖÛéúןÖÛú 
¤ü¸ü ×ãָü Ûúß´ÖŸÖ †¯ÖêõÖÖ†Öë ÛúÖ ºþ¯Ö 
¬ÖÖ¸üÞÖ Ûú¸üŸÖß Æïü …  
 Ûæú™ü : 
 (A) (A) ÃÖÆüß Æîü †Öî¸ü (A) Ûúß (R) ÃÖÆüß 
¾µÖÖܵÖÖ Æîü … 
 (B) (A) †Öî¸ü (R) ¤üÖê®ÖÖë ÃÖÆüß Æïü, ¯Ö¸ü®ŸÖã (A) 
Ûúß (R) 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 … 
 
12. ×¾Ö׳֮®Ö ¾µÖÖ¯ÖÖ¸ü “ÖÛÎú ×ÃÖ¨üÖÓŸÖÖë Ûêú ÃÖÓ¤ü³ÖÔ ´Öë           
ÃÖæ“Öß – I ´Öë פü‹ ÝÖ‹ “ÖÛÎú †×³ÖÝÖ´Ö Ûúß ¯ÖÏÛéú×ŸÖ 
ÛúÖê ÃÖæ“Öß – II ´Öë פü‹ ÝÖ‹ ¯ÖÏן֯ÖÖ¤üÛúÖë ÃÖê 
ÃÖã´Öê×»ÖŸÖ Ûúßו֋ … 
ÃÖæ“Öß – I ÃÖæ“Öß – II 
i. ÃÖß×´ÖŸÖ “ÖÛÎú 1. ¯ÖÖò»Ö ‹ 
ÃÖî´µÖæ»ÖÃÖ®Ö 
ii. ÝÖן־֬ÖÔ®Ö-ÝÖãÞÖÛú 
†®ŸÖ×ÛÎúµÖÖ ˆ¯ÖÖÝÖ´Ö 
2. •Öê.†Ö¸ü. ×ÆüŒÃÖ 
iii. ¯ÖæÑ•Öß-ÙüÖòÛú 
ÃÖ´ÖÖµÖÖê•Ö®Ö ×ÃÖ¨üÖ®ŸÖ 
3. ×®ÖÛúÖê»ÖÃÖ 
ÛúÖ»›üÖê¸ü 
iv. ¾ÖÖßÖ×¾ÖÛú ¾µÖÖ¯ÖÖ¸ü 
“ÖÛÎú ˆ¯ÖÖÝÖ´Ö 
4. ¸üÖê²Ö™Ôü •Öê. ²ÖÖ¸üÖê 
 Ûæú™ü : 
   i ii iii iv 
 (A) 2 1 3 4 
 (B) 1 2 4 3 
 (C) 2 1 4 3 
 (D) 1 3 2 4