UGC NET Past Year Question Paper II: Economics (June 2010) | UGC NET Past Year Papers PDF Download

 Page 1


D-0109 P.T.O.
Signature and Name of Invigilator OMR Sheet No. : .........................................
(To be filled by the Candidate)
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.____________________________
PAPER-II
Test Booklet No.
[Maximum Marks : 100 Time : 1 
1
/
4
 hours]
(In figures as per admission card)
ECONOMICS
J-01-10 1 P .T.O.
J
01
10
1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty multiple-choice type of questions.
3. At the commencement of examination, the question booklet
will be given to you. In the first 5 minutes, you are requested
to open the booklet and compulsorily examine it as below :
(i) To have access to the Question Booklet, tear off the paper
seal on the edge of this cover page. Do not accept a booklet
without sticker-seal and do not accept an open booklet.
(ii) Tally the number of pages and number of questions in
the booklet with the information printed on the cover
page. Faulty booklets due to pages/questions missing
or duplicate or not in serial order or any other
discrepancy should be got replaced immediately by a
correct booklet from the invigilator within the period
of 5 minutes. Afterwards, neither the Question Booklet
will be replaced nor any extra time will be given.
(iii) After this verification is over, the Test Booklet Number
should be entered in the OMR Sheet and 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 oval as indicated below on the
correct response against each item.
Example :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the Answer
Sheet given inside the Paper I Booklet only. If you mark at
any place other than in the ovals in the Answer 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 or put any mark on any part of the test
booklet, except for the space allotted for the relevant entries,
which may disclose your identity, you will render yourself
liable to disqualification.
9. Y ou have to return the test question booklet and OMR Answer
sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall.
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.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸ü߁ÖÖÙ£ÖµÖÖë êú ×»Ö? ×­Ö¤ìü¿Ö
A BC D
A B C
D
1. ¯ÖÆü»Öê ¯ÖéÂ?ü êú ?ú¯Ö¸ü ×­ÖµÖ?Ö Ã£ÖÖ­Ö ¯Ö¸ü ?¯Ö­ÖÖ ¸üÖê»Ö ­Ö´²Ö¸ü ×»Ö׏Ö? ?
2. ?ÃÖ ¯ÖÏ¿­Ö-¯Ö¡Ö ´Öë ¯Ö?ÖÖÃÖ ²ÖÆãü׾֍ú»¯ÖßµÖ ¯ÖÏ¿­Ö Æïü ?
3. ¯Ö¸ü߁ÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê­Öê ¯Ö¸ü, ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?֯֍úÖê ¤êü ¤üß ?ÖÖµÖêÖß ? ¯ÖÆü»Öê ¯ÖÖÑ?Ö
×´Ö­Ö?ü ?֯֍úÖê ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê ?Ö£ÖÖ ?Ã֍úß ×­Ö´­Ö×»Ö׏Ö?Ö ?ÖÖÑ?Ö êú
×»Ö? פüµÖê ?ÖÖµÖëÖê ×?ÖÃ֍úß ?ÖÖÑ?Ö ?֯֍úÖê ?¾Ö¿µÖ ú¸ü­Öß Æîü :
(i) ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê êú ×»Ö? ?Ã֍êú ú¾Ö¸ü ¯Öê?Ö ¯Ö¸ü »ÖÖß ú֐Ö?Ö úß
ÃÖᯙ úÖê ±úÖ?Íü »Öë ? Öã»Öß Æãü?Ô µÖÖ ×²Ö­ÖÖ Ã?üߍú¸ü-ÃÖᯙ úß ¯ÖãÛÃ?֍úÖ
þÖߍúÖ¸ü ­Ö ú¸ëü ?
(ii) ú¾Ö¸ü ¯ÖéÂ?ü ¯Ö¸ü ?û¯Öê ×­Ö¤ìü¿ÖÖ­ÖãÃÖÖ¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ êú ¯ÖéÂ?ü ?Ö£ÖÖ ¯ÖÏ¿­ÖÖë
úß ÃÖӏµÖÖ úÖê ???ûß ?Ö¸üÆü ?Öîú ú¸ü »Öë ׍ú µÖê ¯Öæ¸êü Æïü ? ¤üÖêÂÖ¯ÖæÖÔ
¯ÖãÛÃ?֍úÖ ×?Ö­Ö´Öë ¯ÖéÂ?ü/¯ÖÏ¿­Ö ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ ?Ö ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö
´Öë ­Ö ÆüÖë ?£ÖÖÔ?Ö ×úÃÖß ³Öß ¯ÖύúÖ¸ü úß ¡Öã×?ü¯ÖæÖÔ ¯ÖãÛÃ?֍úÖ Ã¾ÖߍúÖ¸ü ­Ö
ú¸ëü ?Ö£ÖÖ ?ÃÖß ÃÖ´ÖµÖ ?ÃÖê »ÖÖî?ü֍ú¸ü ?Ã֍êú ãÖÖ­Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß
¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ »Öê »Öë ? ?Ã֍êú ×»Ö? ?֯֍úÖê ¯ÖÖÑ?Ö ×´Ö­Ö?ü פüµÖê ?ÖÖµÖëÖê ?
?Ã֍êú ²ÖÖ¤ü ­Ö ?ÖÖê ?֯֍úß ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¾ÖÖ¯ÖÃÖ »Öß ?ÖÖµÖêÖß ?Öî¸ü ­Ö
Æüß ?֯֍úÖê ?×?Ö׸ü??Ö ÃÖ´ÖµÖ ×¤üµÖÖ ?ÖÖµÖêÖÖ ?
(iii) ?ÃÖ ?ÖÖÑ?Ö êú ²ÖÖ¤ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ úß Îú´Ö ÃÖӏµÖÖ OMR ¯Ö¡Öú ¯Ö¸ü
?Ó׍ú?Ö ú¸ëü ?Öî¸ü OMR ¯Ö¡Öú úß Îú´Ö ÃÖӏµÖÖ ?ÃÖ ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¯Ö¸ü
?Ó׍ú?Ö ú¸ü ¤ëü ?
4. ¯ÖÏ?µÖêú ¯ÖÏ¿­Ö êú ×»Ö? ?ÖÖ¸ü ?¢Ö¸ü ׾֍ú»¯Ö (A), (B), (C) ?Ö£ÖÖ (D) פüµÖê ÖµÖê
Æïü ? ?֯֍úÖê ÃÖÆüß ?¢Ö¸ü êú ¤üß?ÖÔ¾Öé¢Ö úÖê ¯Öê­Ö ÃÖê ³Ö¸üú¸ü úÖ»ÖÖ ú¸ü­ÖÖ Æîü ?ÖîÃÖÖ
׍ú ­Öß?Öê פüÖÖµÖÖ ÖµÖÖ Æîü ?
?¤üÖÆü¸üÖ :
?Ö²Ö׍ú (C) ÃÖÆüß ?¢Ö¸ü Æîü ?
5. ¯ÖÏ¿­ÖÖë êú ?¢Ö¸ü êú¾Ö»Ö ¯ÖÏ¿­Ö ¯Ö¡Ö I êú ?­¤ü¸ü פüµÖê ÖµÖê ?¢Ö¸ü-¯Ö¡Öú ¯Ö¸ü Æüß ?Ó׍ú?Ö
ú¸ü­Öê Æïü ? µÖפü ?Ö¯Ö ?¢Ö¸ü ¯Ö¡Öú ¯Ö¸ü פüµÖê ÖµÖê ¤üß?ÖÔ¾Öé¢Ö êú ?»ÖÖ¾ÖÖ ×úÃÖß ?­µÖ
ãÖÖ­Ö ¯Ö¸ü ?¢Ö¸ü ×?ÖÅ­ÖÖÓ׍ú?Ö ú¸?Öê Æïü, ?ÖÖê ?Ã֍úÖ ´Ö滵ÖÖӍú­Ö ­ÖÆüà ÆüÖêÖÖ ?
6. ?­¤ü¸ü פüµÖê ÖµÖê ×­Ö¤ìü¿ÖÖë úÖê ¬µÖÖ­Ö¯Öæ¾Öԍú ¯Ö?Íëü ?
7. ú??ÖÖ úÖ´Ö (Rough Work) ?ÃÖ ¯ÖãÛÃ?֍úÖ êú ?Û­?Ö´Ö ¯ÖéÂ?ü ¯Ö¸ü ú¸ëü ?
8. µÖפü ?Ö¯Ö ?¢Ö¸ü-¯ÖãÛÃ?֍úÖ ¯Ö¸ü ?¯Ö­ÖÖ ­ÖÖ´Ö µÖÖ ?êÃÖÖ úÖê?Ô ³Öß ×­Ö¿ÖÖ­Ö ×?ÖÃÖÃÖê
?֯֍úß ¯ÖÆü?ÖÖ­Ö ÆüÖê Ã֍êú, ׍úÃÖß ³Öß ³ÖÖÖ ¯Ö¸ü ¤ü¿ÖÖÔ?Öê µÖÖ ?Ó׍ú?Ö ú¸ü?Öê Æïü ?ÖÖê
¯Ö¸ü߁ÖÖ êú ×»ÖµÖê ?µÖÖêµÖ ?ÖÖê×ÂÖ?Ö ú¸ü פüµÖê ?ÖÖµÖëÖê ?
9. ?֯֍úÖê ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖ¯?Ö ÆüÖê­Öê ¯Ö¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?¾ÖÓ OMR ?¢Ö¸ü-¯Ö¡Öú
×­Ö¸ü߁֍ú ´ÖÆüÖê¤üµÖ úÖê »ÖÖî?üÖ­ÖÖ ?Ö¾Ö¿µÖú Æîü ?Öî¸ü ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖÛ¯?Ö êú ²ÖÖ¤ü ?ÃÖê
?¯Ö­Öê ÃÖÖ£Ö ¯Ö¸ü߁ÖÖ ³Ö¾Ö­Ö ÃÖê ²ÖÖÆü¸ü ­Ö »Öêú¸ü ?ÖÖµÖë ?
10. êú¾Ö»Ö ­Öß»Öê/úÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ?Õ?ü ¯Öî­Ö úÖ Æüß ?Ã?Öê´ÖÖ»Ö ú¸ëü ?
11. ׍úÃÖß ³Öß ¯ÖύúÖ¸ü úÖ ÃÖӐ֝֍ú (îú»Öãú»Öê?ü¸ü) µÖÖ »ÖÖÖ ?êü²Ö»Ö ?Öפü úÖ
¯ÖϵÖÖêÖ ¾ÖÙ?Ö?Ö Æîü ?
12. Ö»Ö?Ö ?¢Ö¸üÖë êú ×»Ö? úÖê?Ô ?Ӎú úÖ?êü ­ÖÆüà ?ÖÖ?ѐÖê ?
Page 2


D-0109 P.T.O.
Signature and Name of Invigilator OMR Sheet No. : .........................................
(To be filled by the Candidate)
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.____________________________
PAPER-II
Test Booklet No.
[Maximum Marks : 100 Time : 1 
1
/
4
 hours]
(In figures as per admission card)
ECONOMICS
J-01-10 1 P .T.O.
J
01
10
1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty multiple-choice type of questions.
3. At the commencement of examination, the question booklet
will be given to you. In the first 5 minutes, you are requested
to open the booklet and compulsorily examine it as below :
(i) To have access to the Question Booklet, tear off the paper
seal on the edge of this cover page. Do not accept a booklet
without sticker-seal and do not accept an open booklet.
(ii) Tally the number of pages and number of questions in
the booklet with the information printed on the cover
page. Faulty booklets due to pages/questions missing
or duplicate or not in serial order or any other
discrepancy should be got replaced immediately by a
correct booklet from the invigilator within the period
of 5 minutes. Afterwards, neither the Question Booklet
will be replaced nor any extra time will be given.
(iii) After this verification is over, the Test Booklet Number
should be entered in the OMR Sheet and 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 oval as indicated below on the
correct response against each item.
Example :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the Answer
Sheet given inside the Paper I Booklet only. If you mark at
any place other than in the ovals in the Answer 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 or put any mark on any part of the test
booklet, except for the space allotted for the relevant entries,
which may disclose your identity, you will render yourself
liable to disqualification.
9. Y ou have to return the test question booklet and OMR Answer
sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall.
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.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸ü߁ÖÖÙ£ÖµÖÖë êú ×»Ö? ×­Ö¤ìü¿Ö
A BC D
A B C
D
1. ¯ÖÆü»Öê ¯ÖéÂ?ü êú ?ú¯Ö¸ü ×­ÖµÖ?Ö Ã£ÖÖ­Ö ¯Ö¸ü ?¯Ö­ÖÖ ¸üÖê»Ö ­Ö´²Ö¸ü ×»Ö׏Ö? ?
2. ?ÃÖ ¯ÖÏ¿­Ö-¯Ö¡Ö ´Öë ¯Ö?ÖÖÃÖ ²ÖÆãü׾֍ú»¯ÖßµÖ ¯ÖÏ¿­Ö Æïü ?
3. ¯Ö¸ü߁ÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê­Öê ¯Ö¸ü, ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?֯֍úÖê ¤êü ¤üß ?ÖÖµÖêÖß ? ¯ÖÆü»Öê ¯ÖÖÑ?Ö
×´Ö­Ö?ü ?֯֍úÖê ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê ?Ö£ÖÖ ?Ã֍úß ×­Ö´­Ö×»Ö׏Ö?Ö ?ÖÖÑ?Ö êú
×»Ö? פüµÖê ?ÖÖµÖëÖê ×?ÖÃ֍úß ?ÖÖÑ?Ö ?֯֍úÖê ?¾Ö¿µÖ ú¸ü­Öß Æîü :
(i) ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê êú ×»Ö? ?Ã֍êú ú¾Ö¸ü ¯Öê?Ö ¯Ö¸ü »ÖÖß ú֐Ö?Ö úß
ÃÖᯙ úÖê ±úÖ?Íü »Öë ? Öã»Öß Æãü?Ô µÖÖ ×²Ö­ÖÖ Ã?üߍú¸ü-ÃÖᯙ úß ¯ÖãÛÃ?֍úÖ
þÖߍúÖ¸ü ­Ö ú¸ëü ?
(ii) ú¾Ö¸ü ¯ÖéÂ?ü ¯Ö¸ü ?û¯Öê ×­Ö¤ìü¿ÖÖ­ÖãÃÖÖ¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ êú ¯ÖéÂ?ü ?Ö£ÖÖ ¯ÖÏ¿­ÖÖë
úß ÃÖӏµÖÖ úÖê ???ûß ?Ö¸üÆü ?Öîú ú¸ü »Öë ׍ú µÖê ¯Öæ¸êü Æïü ? ¤üÖêÂÖ¯ÖæÖÔ
¯ÖãÛÃ?֍úÖ ×?Ö­Ö´Öë ¯ÖéÂ?ü/¯ÖÏ¿­Ö ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ ?Ö ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö
´Öë ­Ö ÆüÖë ?£ÖÖÔ?Ö ×úÃÖß ³Öß ¯ÖύúÖ¸ü úß ¡Öã×?ü¯ÖæÖÔ ¯ÖãÛÃ?֍úÖ Ã¾ÖߍúÖ¸ü ­Ö
ú¸ëü ?Ö£ÖÖ ?ÃÖß ÃÖ´ÖµÖ ?ÃÖê »ÖÖî?ü֍ú¸ü ?Ã֍êú ãÖÖ­Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß
¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ »Öê »Öë ? ?Ã֍êú ×»Ö? ?֯֍úÖê ¯ÖÖÑ?Ö ×´Ö­Ö?ü פüµÖê ?ÖÖµÖëÖê ?
?Ã֍êú ²ÖÖ¤ü ­Ö ?ÖÖê ?֯֍úß ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¾ÖÖ¯ÖÃÖ »Öß ?ÖÖµÖêÖß ?Öî¸ü ­Ö
Æüß ?֯֍úÖê ?×?Ö׸ü??Ö ÃÖ´ÖµÖ ×¤üµÖÖ ?ÖÖµÖêÖÖ ?
(iii) ?ÃÖ ?ÖÖÑ?Ö êú ²ÖÖ¤ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ úß Îú´Ö ÃÖӏµÖÖ OMR ¯Ö¡Öú ¯Ö¸ü
?Ó׍ú?Ö ú¸ëü ?Öî¸ü OMR ¯Ö¡Öú úß Îú´Ö ÃÖӏµÖÖ ?ÃÖ ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¯Ö¸ü
?Ó׍ú?Ö ú¸ü ¤ëü ?
4. ¯ÖÏ?µÖêú ¯ÖÏ¿­Ö êú ×»Ö? ?ÖÖ¸ü ?¢Ö¸ü ׾֍ú»¯Ö (A), (B), (C) ?Ö£ÖÖ (D) פüµÖê ÖµÖê
Æïü ? ?֯֍úÖê ÃÖÆüß ?¢Ö¸ü êú ¤üß?ÖÔ¾Öé¢Ö úÖê ¯Öê­Ö ÃÖê ³Ö¸üú¸ü úÖ»ÖÖ ú¸ü­ÖÖ Æîü ?ÖîÃÖÖ
׍ú ­Öß?Öê פüÖÖµÖÖ ÖµÖÖ Æîü ?
?¤üÖÆü¸üÖ :
?Ö²Ö׍ú (C) ÃÖÆüß ?¢Ö¸ü Æîü ?
5. ¯ÖÏ¿­ÖÖë êú ?¢Ö¸ü êú¾Ö»Ö ¯ÖÏ¿­Ö ¯Ö¡Ö I êú ?­¤ü¸ü פüµÖê ÖµÖê ?¢Ö¸ü-¯Ö¡Öú ¯Ö¸ü Æüß ?Ó׍ú?Ö
ú¸ü­Öê Æïü ? µÖפü ?Ö¯Ö ?¢Ö¸ü ¯Ö¡Öú ¯Ö¸ü פüµÖê ÖµÖê ¤üß?ÖÔ¾Öé¢Ö êú ?»ÖÖ¾ÖÖ ×úÃÖß ?­µÖ
ãÖÖ­Ö ¯Ö¸ü ?¢Ö¸ü ×?ÖÅ­ÖÖÓ׍ú?Ö ú¸?Öê Æïü, ?ÖÖê ?Ã֍úÖ ´Ö滵ÖÖӍú­Ö ­ÖÆüà ÆüÖêÖÖ ?
6. ?­¤ü¸ü פüµÖê ÖµÖê ×­Ö¤ìü¿ÖÖë úÖê ¬µÖÖ­Ö¯Öæ¾Öԍú ¯Ö?Íëü ?
7. ú??ÖÖ úÖ´Ö (Rough Work) ?ÃÖ ¯ÖãÛÃ?֍úÖ êú ?Û­?Ö´Ö ¯ÖéÂ?ü ¯Ö¸ü ú¸ëü ?
8. µÖפü ?Ö¯Ö ?¢Ö¸ü-¯ÖãÛÃ?֍úÖ ¯Ö¸ü ?¯Ö­ÖÖ ­ÖÖ´Ö µÖÖ ?êÃÖÖ úÖê?Ô ³Öß ×­Ö¿ÖÖ­Ö ×?ÖÃÖÃÖê
?֯֍úß ¯ÖÆü?ÖÖ­Ö ÆüÖê Ã֍êú, ׍úÃÖß ³Öß ³ÖÖÖ ¯Ö¸ü ¤ü¿ÖÖÔ?Öê µÖÖ ?Ó׍ú?Ö ú¸ü?Öê Æïü ?ÖÖê
¯Ö¸ü߁ÖÖ êú ×»ÖµÖê ?µÖÖêµÖ ?ÖÖê×ÂÖ?Ö ú¸ü פüµÖê ?ÖÖµÖëÖê ?
9. ?֯֍úÖê ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖ¯?Ö ÆüÖê­Öê ¯Ö¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?¾ÖÓ OMR ?¢Ö¸ü-¯Ö¡Öú
×­Ö¸ü߁֍ú ´ÖÆüÖê¤üµÖ úÖê »ÖÖî?üÖ­ÖÖ ?Ö¾Ö¿µÖú Æîü ?Öî¸ü ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖÛ¯?Ö êú ²ÖÖ¤ü ?ÃÖê
?¯Ö­Öê ÃÖÖ£Ö ¯Ö¸ü߁ÖÖ ³Ö¾Ö­Ö ÃÖê ²ÖÖÆü¸ü ­Ö »Öêú¸ü ?ÖÖµÖë ?
10. êú¾Ö»Ö ­Öß»Öê/úÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ?Õ?ü ¯Öî­Ö úÖ Æüß ?Ã?Öê´ÖÖ»Ö ú¸ëü ?
11. ׍úÃÖß ³Öß ¯ÖύúÖ¸ü úÖ ÃÖӐ֝֍ú (îú»Öãú»Öê?ü¸ü) µÖÖ »ÖÖÖ ?êü²Ö»Ö ?Öפü úÖ
¯ÖϵÖÖêÖ ¾ÖÙ?Ö?Ö Æîü ?
12. Ö»Ö?Ö ?¢Ö¸üÖë êú ×»Ö? úÖê?Ô ?Ӎú úÖ?êü ­ÖÆüà ?ÖÖ?ѐÖê ?
Paper-II 2  J-0110 
 
 
 
 
 
 
 
 
1. Marshallian Theory of consumer’s 
behaviour is based on 
 (A) Hypothesis of additive utilities.  
 (B) Hypothesis of independent 
utilities. 
 (C) Both (A) and (B).    
 (D) Weak ordering. 
 
2. Consider the following statements : 
 (i) Income effect is positive in 
case of normal goods.    
 (ii) Income effect is zero in the 
case of superior goods. 
 (iii) All Giffen goods are inferior 
goods, but not all inferior 
goods are Giffen goods. 
 (iv) Income effect is negative in 
case of inferior goods. 
 Which of the above is /are correct ? 
 (A) (i) only 
 (B) (ii) only 
 (C) (iii) & (iv) 
 (D) (i), (iii) and (iv) 
 
3. A profit maximising firm will stop 
production in the short run if price is 
 (A) less than the average variable 
cost 
 (B) less than the marginal cost 
 (C) less than the average total cost 
 (D) equal to the average total cost 
 
 
 
 
4. Consider the following statements : 
 (i) When MC curve is below the 
AC curve, then the AC curve 
must be rising. 
 (ii) When MC curve is above AC 
curve, then AC curve must be 
falling. 
 (iii) MC curve intersects AC curve 
at the point where AC is 
constant. 
 Which of the above statement(s) 
is/are correct ?   
 (A) (iii) only 
 (B) (i) and (ii) 
 (C) (i), (ii) and (iii) 
 (D) (i) and (iii) 
 
5. With which of the following is the 
doctrine of excess capacity in the 
long run not associated ? 
 (A) Monopoly  
 (B) Oligopoly 
 (C) Monopolistic competition 
 (D) Perfect competition 
 
6. To derive the demand curve for a 
firm for one of the several variable 
factors, the following must be 
considered : 
 (A) The external effect of the 
change in the factor price  
 (B) The internal effect of the 
change in factor price 
 (C) Monopolistic exploitation  
 (D) Monopsonistic exploitation 
ECONOMICS 
Paper – II 
Note : This paper contains fifty (50) objective type questions, each question carrying two 
(2) marks. Attempt all the questions. 
Page 3


D-0109 P.T.O.
Signature and Name of Invigilator OMR Sheet No. : .........................................
(To be filled by the Candidate)
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.____________________________
PAPER-II
Test Booklet No.
[Maximum Marks : 100 Time : 1 
1
/
4
 hours]
(In figures as per admission card)
ECONOMICS
J-01-10 1 P .T.O.
J
01
10
1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty multiple-choice type of questions.
3. At the commencement of examination, the question booklet
will be given to you. In the first 5 minutes, you are requested
to open the booklet and compulsorily examine it as below :
(i) To have access to the Question Booklet, tear off the paper
seal on the edge of this cover page. Do not accept a booklet
without sticker-seal and do not accept an open booklet.
(ii) Tally the number of pages and number of questions in
the booklet with the information printed on the cover
page. Faulty booklets due to pages/questions missing
or duplicate or not in serial order or any other
discrepancy should be got replaced immediately by a
correct booklet from the invigilator within the period
of 5 minutes. Afterwards, neither the Question Booklet
will be replaced nor any extra time will be given.
(iii) After this verification is over, the Test Booklet Number
should be entered in the OMR Sheet and 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 oval as indicated below on the
correct response against each item.
Example :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the Answer
Sheet given inside the Paper I Booklet only. If you mark at
any place other than in the ovals in the Answer 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 or put any mark on any part of the test
booklet, except for the space allotted for the relevant entries,
which may disclose your identity, you will render yourself
liable to disqualification.
9. Y ou have to return the test question booklet and OMR Answer
sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall.
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.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸ü߁ÖÖÙ£ÖµÖÖë êú ×»Ö? ×­Ö¤ìü¿Ö
A BC D
A B C
D
1. ¯ÖÆü»Öê ¯ÖéÂ?ü êú ?ú¯Ö¸ü ×­ÖµÖ?Ö Ã£ÖÖ­Ö ¯Ö¸ü ?¯Ö­ÖÖ ¸üÖê»Ö ­Ö´²Ö¸ü ×»Ö׏Ö? ?
2. ?ÃÖ ¯ÖÏ¿­Ö-¯Ö¡Ö ´Öë ¯Ö?ÖÖÃÖ ²ÖÆãü׾֍ú»¯ÖßµÖ ¯ÖÏ¿­Ö Æïü ?
3. ¯Ö¸ü߁ÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê­Öê ¯Ö¸ü, ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?֯֍úÖê ¤êü ¤üß ?ÖÖµÖêÖß ? ¯ÖÆü»Öê ¯ÖÖÑ?Ö
×´Ö­Ö?ü ?֯֍úÖê ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê ?Ö£ÖÖ ?Ã֍úß ×­Ö´­Ö×»Ö׏Ö?Ö ?ÖÖÑ?Ö êú
×»Ö? פüµÖê ?ÖÖµÖëÖê ×?ÖÃ֍úß ?ÖÖÑ?Ö ?֯֍úÖê ?¾Ö¿µÖ ú¸ü­Öß Æîü :
(i) ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê êú ×»Ö? ?Ã֍êú ú¾Ö¸ü ¯Öê?Ö ¯Ö¸ü »ÖÖß ú֐Ö?Ö úß
ÃÖᯙ úÖê ±úÖ?Íü »Öë ? Öã»Öß Æãü?Ô µÖÖ ×²Ö­ÖÖ Ã?üߍú¸ü-ÃÖᯙ úß ¯ÖãÛÃ?֍úÖ
þÖߍúÖ¸ü ­Ö ú¸ëü ?
(ii) ú¾Ö¸ü ¯ÖéÂ?ü ¯Ö¸ü ?û¯Öê ×­Ö¤ìü¿ÖÖ­ÖãÃÖÖ¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ êú ¯ÖéÂ?ü ?Ö£ÖÖ ¯ÖÏ¿­ÖÖë
úß ÃÖӏµÖÖ úÖê ???ûß ?Ö¸üÆü ?Öîú ú¸ü »Öë ׍ú µÖê ¯Öæ¸êü Æïü ? ¤üÖêÂÖ¯ÖæÖÔ
¯ÖãÛÃ?֍úÖ ×?Ö­Ö´Öë ¯ÖéÂ?ü/¯ÖÏ¿­Ö ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ ?Ö ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö
´Öë ­Ö ÆüÖë ?£ÖÖÔ?Ö ×úÃÖß ³Öß ¯ÖύúÖ¸ü úß ¡Öã×?ü¯ÖæÖÔ ¯ÖãÛÃ?֍úÖ Ã¾ÖߍúÖ¸ü ­Ö
ú¸ëü ?Ö£ÖÖ ?ÃÖß ÃÖ´ÖµÖ ?ÃÖê »ÖÖî?ü֍ú¸ü ?Ã֍êú ãÖÖ­Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß
¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ »Öê »Öë ? ?Ã֍êú ×»Ö? ?֯֍úÖê ¯ÖÖÑ?Ö ×´Ö­Ö?ü פüµÖê ?ÖÖµÖëÖê ?
?Ã֍êú ²ÖÖ¤ü ­Ö ?ÖÖê ?֯֍úß ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¾ÖÖ¯ÖÃÖ »Öß ?ÖÖµÖêÖß ?Öî¸ü ­Ö
Æüß ?֯֍úÖê ?×?Ö׸ü??Ö ÃÖ´ÖµÖ ×¤üµÖÖ ?ÖÖµÖêÖÖ ?
(iii) ?ÃÖ ?ÖÖÑ?Ö êú ²ÖÖ¤ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ úß Îú´Ö ÃÖӏµÖÖ OMR ¯Ö¡Öú ¯Ö¸ü
?Ó׍ú?Ö ú¸ëü ?Öî¸ü OMR ¯Ö¡Öú úß Îú´Ö ÃÖӏµÖÖ ?ÃÖ ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¯Ö¸ü
?Ó׍ú?Ö ú¸ü ¤ëü ?
4. ¯ÖÏ?µÖêú ¯ÖÏ¿­Ö êú ×»Ö? ?ÖÖ¸ü ?¢Ö¸ü ׾֍ú»¯Ö (A), (B), (C) ?Ö£ÖÖ (D) פüµÖê ÖµÖê
Æïü ? ?֯֍úÖê ÃÖÆüß ?¢Ö¸ü êú ¤üß?ÖÔ¾Öé¢Ö úÖê ¯Öê­Ö ÃÖê ³Ö¸üú¸ü úÖ»ÖÖ ú¸ü­ÖÖ Æîü ?ÖîÃÖÖ
׍ú ­Öß?Öê פüÖÖµÖÖ ÖµÖÖ Æîü ?
?¤üÖÆü¸üÖ :
?Ö²Ö׍ú (C) ÃÖÆüß ?¢Ö¸ü Æîü ?
5. ¯ÖÏ¿­ÖÖë êú ?¢Ö¸ü êú¾Ö»Ö ¯ÖÏ¿­Ö ¯Ö¡Ö I êú ?­¤ü¸ü פüµÖê ÖµÖê ?¢Ö¸ü-¯Ö¡Öú ¯Ö¸ü Æüß ?Ó׍ú?Ö
ú¸ü­Öê Æïü ? µÖפü ?Ö¯Ö ?¢Ö¸ü ¯Ö¡Öú ¯Ö¸ü פüµÖê ÖµÖê ¤üß?ÖÔ¾Öé¢Ö êú ?»ÖÖ¾ÖÖ ×úÃÖß ?­µÖ
ãÖÖ­Ö ¯Ö¸ü ?¢Ö¸ü ×?ÖÅ­ÖÖÓ׍ú?Ö ú¸?Öê Æïü, ?ÖÖê ?Ã֍úÖ ´Ö滵ÖÖӍú­Ö ­ÖÆüà ÆüÖêÖÖ ?
6. ?­¤ü¸ü פüµÖê ÖµÖê ×­Ö¤ìü¿ÖÖë úÖê ¬µÖÖ­Ö¯Öæ¾Öԍú ¯Ö?Íëü ?
7. ú??ÖÖ úÖ´Ö (Rough Work) ?ÃÖ ¯ÖãÛÃ?֍úÖ êú ?Û­?Ö´Ö ¯ÖéÂ?ü ¯Ö¸ü ú¸ëü ?
8. µÖפü ?Ö¯Ö ?¢Ö¸ü-¯ÖãÛÃ?֍úÖ ¯Ö¸ü ?¯Ö­ÖÖ ­ÖÖ´Ö µÖÖ ?êÃÖÖ úÖê?Ô ³Öß ×­Ö¿ÖÖ­Ö ×?ÖÃÖÃÖê
?֯֍úß ¯ÖÆü?ÖÖ­Ö ÆüÖê Ã֍êú, ׍úÃÖß ³Öß ³ÖÖÖ ¯Ö¸ü ¤ü¿ÖÖÔ?Öê µÖÖ ?Ó׍ú?Ö ú¸ü?Öê Æïü ?ÖÖê
¯Ö¸ü߁ÖÖ êú ×»ÖµÖê ?µÖÖêµÖ ?ÖÖê×ÂÖ?Ö ú¸ü פüµÖê ?ÖÖµÖëÖê ?
9. ?֯֍úÖê ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖ¯?Ö ÆüÖê­Öê ¯Ö¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?¾ÖÓ OMR ?¢Ö¸ü-¯Ö¡Öú
×­Ö¸ü߁֍ú ´ÖÆüÖê¤üµÖ úÖê »ÖÖî?üÖ­ÖÖ ?Ö¾Ö¿µÖú Æîü ?Öî¸ü ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖÛ¯?Ö êú ²ÖÖ¤ü ?ÃÖê
?¯Ö­Öê ÃÖÖ£Ö ¯Ö¸ü߁ÖÖ ³Ö¾Ö­Ö ÃÖê ²ÖÖÆü¸ü ­Ö »Öêú¸ü ?ÖÖµÖë ?
10. êú¾Ö»Ö ­Öß»Öê/úÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ?Õ?ü ¯Öî­Ö úÖ Æüß ?Ã?Öê´ÖÖ»Ö ú¸ëü ?
11. ׍úÃÖß ³Öß ¯ÖύúÖ¸ü úÖ ÃÖӐ֝֍ú (îú»Öãú»Öê?ü¸ü) µÖÖ »ÖÖÖ ?êü²Ö»Ö ?Öפü úÖ
¯ÖϵÖÖêÖ ¾ÖÙ?Ö?Ö Æîü ?
12. Ö»Ö?Ö ?¢Ö¸üÖë êú ×»Ö? úÖê?Ô ?Ӎú úÖ?êü ­ÖÆüà ?ÖÖ?ѐÖê ?
Paper-II 2  J-0110 
 
 
 
 
 
 
 
 
1. Marshallian Theory of consumer’s 
behaviour is based on 
 (A) Hypothesis of additive utilities.  
 (B) Hypothesis of independent 
utilities. 
 (C) Both (A) and (B).    
 (D) Weak ordering. 
 
2. Consider the following statements : 
 (i) Income effect is positive in 
case of normal goods.    
 (ii) Income effect is zero in the 
case of superior goods. 
 (iii) All Giffen goods are inferior 
goods, but not all inferior 
goods are Giffen goods. 
 (iv) Income effect is negative in 
case of inferior goods. 
 Which of the above is /are correct ? 
 (A) (i) only 
 (B) (ii) only 
 (C) (iii) & (iv) 
 (D) (i), (iii) and (iv) 
 
3. A profit maximising firm will stop 
production in the short run if price is 
 (A) less than the average variable 
cost 
 (B) less than the marginal cost 
 (C) less than the average total cost 
 (D) equal to the average total cost 
 
 
 
 
4. Consider the following statements : 
 (i) When MC curve is below the 
AC curve, then the AC curve 
must be rising. 
 (ii) When MC curve is above AC 
curve, then AC curve must be 
falling. 
 (iii) MC curve intersects AC curve 
at the point where AC is 
constant. 
 Which of the above statement(s) 
is/are correct ?   
 (A) (iii) only 
 (B) (i) and (ii) 
 (C) (i), (ii) and (iii) 
 (D) (i) and (iii) 
 
5. With which of the following is the 
doctrine of excess capacity in the 
long run not associated ? 
 (A) Monopoly  
 (B) Oligopoly 
 (C) Monopolistic competition 
 (D) Perfect competition 
 
6. To derive the demand curve for a 
firm for one of the several variable 
factors, the following must be 
considered : 
 (A) The external effect of the 
change in the factor price  
 (B) The internal effect of the 
change in factor price 
 (C) Monopolistic exploitation  
 (D) Monopsonistic exploitation 
ECONOMICS 
Paper – II 
Note : This paper contains fifty (50) objective type questions, each question carrying two 
(2) marks. Attempt all the questions. 
 
 J-0110 3  Paper-II 
 
 
 
 
1. ´ÖÖ¿ÖÔ»Ö úÖ ˆ¯Ö³ÖÖꌟÖÖ ¾µÖ¾ÖÆüÖ¸ü ×ÃÖ¨üÖ-ŸÖ †Ö¬ÖÖ׸üŸÖ 
Æîü 
 (A) µÖÖêÖÖŸ´Öú ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ 
¯Ö¸ü … 
 (B) þ֟Ö-¡Ö ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ  
¯Ö¸ü … 
 (C) (A) †Öî¸ü (B) ¤üÖê-ÖÖë ¯Ö¸ü … 
 (D) ú´Ö•ÖÖê¸ü Îú´Ö-ãÖÖ¯Ö-Ö ¯Ö¸ü 
 
2. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) ÃÖÖ´ÖÖ-µÖ ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ 
¯ÖϳÖÖ¾Ö ¬Ö-ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 (ii) ˆŸéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
¿Öæ-µÖ ÆüÖêŸÖÖ Æîü … 
 (iii) ÃÖÖ¸üß ×Ö×±ú-Ö ¾ÖßÖã‹Ñ ×-Öéú™ü ¾ÖßÖã‹Ñ Æïü, 
¯Ö¸ü-ŸÖã ÃÖÖ¸üß ×-Öéú™ü ¾ÖßÖã‹Ñ ×Ö×±ú-Ö ¾ÖßÖã‹Ñ 
-ÖÆüà Æïü … 
 (iv) ×-Öéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
Šú8ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (i) 
 (B) ×ÃÖ±Ôú (ii) 
 (C) (iii) †Öî¸ü (iv) 
 (D) (i), (iii) †Öî¸ü (iv) 
 
3. »ÖÖ³Ö †×¬ÖúŸÖ´Ö ú¸ü-Öê ¾ÖÖ»Öß ±ú´ÖÔ †»¯ÖúÖ»Ö ´Öë 
ˆŸ¯ÖÖ¤ü-Ö ¸üÖêú ¤êüÖß, µÖפü úß´ÖŸÖ  
 (A) †ÖîÃÖŸÖ ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ »ÖÖÖŸÖ úß ŸÖã»Ö-ÖÖ 
´Öë ú´Ö Æîü … 
 (B) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (C) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (D) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ êú ²Ö¸üÖ²Ö¸ü Æîü … 
 
 
 
 
4. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú -Öß“Öê ¸üÆüŸÖÖ Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú ‰ú¯Ö¸ü “ÖœÍü ¸üÆüÖ ÆüÖê-ÖÖ “ÖÖ×Æü‹ … 
 (ii) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú ‰ú¯Ö¸ü Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
†Ö¾Ö¿µÖú ºþ¯Ö ÃÖê -Öß“Öê úß †Öê¸ü •ÖÖ-ÖÖ 
“ÖÖ×Æü‹ … 
 (iii) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
úÖê ˆÃÖ ×²Ö-¤ãü ¯Ö¸ü úÖ™üŸÖÖ Æîü •ÖÆüÖÑ †ÖîÃÖŸÖ 
»ÖÖÖŸÖ Ûãָü Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ú£Ö-ÖÖë ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (iii) 
 (B) (i) †Öî¸ü (ii) 
 (C) (i), (ii) †Öî¸ü (iii) 
 (D) (i) †Öî¸ü (iii) 
 
5. †×ŸÖ¸êüú EÖ´ÖŸÖÖ úÖ ×ÃÖ¨üÖ-ŸÖ ×-Ö´-ÖÖÓ×úŸÖ ´Öë à Öê 
×úÃÖêú ÃÖÖ£Ö ¤üß‘ÖÔúÖ»Ö ´Öë ÃÖ´²ÖÛ-¬ÖŸÖ -ÖÆüà Æîü ? 
 (A) ‹úÖ׬ÖúÖ¸ü 
 (B) †»¯ÖÖ׬ÖúÖ¸ü 
 (C) ‹úÖ׬ÖúÖ¸üß ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 (D) ¯Öæ8ÖÔ ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 
6. ²ÖÆãüŸÖ ÃÖê ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ úÖ¸üúÖë êú ×»Ö‹ ±ú´ÖÔ úÖ 
´ÖÖÑÖ ¾ÖÎú ×-ÖúÖ»Ö-Öê êú ×»Ö‹ ×-Ö´-ÖÖÓ×úŸÖ úÖ ¬µÖÖ-Ö 
¸üGÖ-ÖÖ †Ö¾Ö¿µÖú  Æîü : 
 (A) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ ²ÖÖÊ 
¯ÖϳÖÖ¾Ö 
 (B) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ †ÖÓŸÖ׸üú 
¯ÖϳÖÖ¾Ö 
 (C) ‹úÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
 (D) ÎêúŸÖÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
†£ÖÔ¿ÖÖÃ¡Ö 
¯ÖÏ¿-Ö¯Ö¡Ö – II 
-ÖÖê™ü :  ‡ÃÖ ¯ÖÏ¿-Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆãü-×¾Öú»¯ÖßµÖ ¯ÖÏ¿-Ö Æïü … ¯ÖÏŸµÖêú ¯ÖÏ¿-Ö êú ¤üÖê (2) †Óú Æïü … ÃÖ³Öß ¯ÖÏ¿-ÖÖë êú ˆ¢Ö¸ü ¤ëü … 
Page 4


D-0109 P.T.O.
Signature and Name of Invigilator OMR Sheet No. : .........................................
(To be filled by the Candidate)
Roll No.
(In words)
1. (Signature) __________________________
(Name)  ____________________________
2. (Signature) __________________________
(Name)  ____________________________
Roll No.____________________________
PAPER-II
Test Booklet No.
[Maximum Marks : 100 Time : 1 
1
/
4
 hours]
(In figures as per admission card)
ECONOMICS
J-01-10 1 P .T.O.
J
01
10
1. Write your roll number in the space provided on the top of
this page.
2. This paper consists of fifty multiple-choice type of questions.
3. At the commencement of examination, the question booklet
will be given to you. In the first 5 minutes, you are requested
to open the booklet and compulsorily examine it as below :
(i) To have access to the Question Booklet, tear off the paper
seal on the edge of this cover page. Do not accept a booklet
without sticker-seal and do not accept an open booklet.
(ii) Tally the number of pages and number of questions in
the booklet with the information printed on the cover
page. Faulty booklets due to pages/questions missing
or duplicate or not in serial order or any other
discrepancy should be got replaced immediately by a
correct booklet from the invigilator within the period
of 5 minutes. Afterwards, neither the Question Booklet
will be replaced nor any extra time will be given.
(iii) After this verification is over, the Test Booklet Number
should be entered in the OMR Sheet and 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 oval as indicated below on the
correct response against each item.
Example :
where (C) is the correct response.
5. Your responses to the items are to be indicated in the Answer
Sheet given inside the Paper I Booklet only. If you mark at
any place other than in the ovals in the Answer 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 or put any mark on any part of the test
booklet, except for the space allotted for the relevant entries,
which may disclose your identity, you will render yourself
liable to disqualification.
9. Y ou have to return the test question booklet and OMR Answer
sheet to the invigilators at the end of the examination
compulsorily and must not carry it with you outside the
Examination Hall.
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.
Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸ü߁ÖÖÙ£ÖµÖÖë êú ×»Ö? ×­Ö¤ìü¿Ö
A BC D
A B C
D
1. ¯ÖÆü»Öê ¯ÖéÂ?ü êú ?ú¯Ö¸ü ×­ÖµÖ?Ö Ã£ÖÖ­Ö ¯Ö¸ü ?¯Ö­ÖÖ ¸üÖê»Ö ­Ö´²Ö¸ü ×»Ö׏Ö? ?
2. ?ÃÖ ¯ÖÏ¿­Ö-¯Ö¡Ö ´Öë ¯Ö?ÖÖÃÖ ²ÖÆãü׾֍ú»¯ÖßµÖ ¯ÖÏ¿­Ö Æïü ?
3. ¯Ö¸ü߁ÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê­Öê ¯Ö¸ü, ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?֯֍úÖê ¤êü ¤üß ?ÖÖµÖêÖß ? ¯ÖÆü»Öê ¯ÖÖÑ?Ö
×´Ö­Ö?ü ?֯֍úÖê ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê ?Ö£ÖÖ ?Ã֍úß ×­Ö´­Ö×»Ö׏Ö?Ö ?ÖÖÑ?Ö êú
×»Ö? פüµÖê ?ÖÖµÖëÖê ×?ÖÃ֍úß ?ÖÖÑ?Ö ?֯֍úÖê ?¾Ö¿µÖ ú¸ü­Öß Æîü :
(i) ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê êú ×»Ö? ?Ã֍êú ú¾Ö¸ü ¯Öê?Ö ¯Ö¸ü »ÖÖß ú֐Ö?Ö úß
ÃÖᯙ úÖê ±úÖ?Íü »Öë ? Öã»Öß Æãü?Ô µÖÖ ×²Ö­ÖÖ Ã?üߍú¸ü-ÃÖᯙ úß ¯ÖãÛÃ?֍úÖ
þÖߍúÖ¸ü ­Ö ú¸ëü ?
(ii) ú¾Ö¸ü ¯ÖéÂ?ü ¯Ö¸ü ?û¯Öê ×­Ö¤ìü¿ÖÖ­ÖãÃÖÖ¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ êú ¯ÖéÂ?ü ?Ö£ÖÖ ¯ÖÏ¿­ÖÖë
úß ÃÖӏµÖÖ úÖê ???ûß ?Ö¸üÆü ?Öîú ú¸ü »Öë ׍ú µÖê ¯Öæ¸êü Æïü ? ¤üÖêÂÖ¯ÖæÖÔ
¯ÖãÛÃ?֍úÖ ×?Ö­Ö´Öë ¯ÖéÂ?ü/¯ÖÏ¿­Ö ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ ?Ö ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö
´Öë ­Ö ÆüÖë ?£ÖÖÔ?Ö ×úÃÖß ³Öß ¯ÖύúÖ¸ü úß ¡Öã×?ü¯ÖæÖÔ ¯ÖãÛÃ?֍úÖ Ã¾ÖߍúÖ¸ü ­Ö
ú¸ëü ?Ö£ÖÖ ?ÃÖß ÃÖ´ÖµÖ ?ÃÖê »ÖÖî?ü֍ú¸ü ?Ã֍êú ãÖÖ­Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß
¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ »Öê »Öë ? ?Ã֍êú ×»Ö? ?֯֍úÖê ¯ÖÖÑ?Ö ×´Ö­Ö?ü פüµÖê ?ÖÖµÖëÖê ?
?Ã֍êú ²ÖÖ¤ü ­Ö ?ÖÖê ?֯֍úß ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¾ÖÖ¯ÖÃÖ »Öß ?ÖÖµÖêÖß ?Öî¸ü ­Ö
Æüß ?֯֍úÖê ?×?Ö׸ü??Ö ÃÖ´ÖµÖ ×¤üµÖÖ ?ÖÖµÖêÖÖ ?
(iii) ?ÃÖ ?ÖÖÑ?Ö êú ²ÖÖ¤ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ úß Îú´Ö ÃÖӏµÖÖ OMR ¯Ö¡Öú ¯Ö¸ü
?Ó׍ú?Ö ú¸ëü ?Öî¸ü OMR ¯Ö¡Öú úß Îú´Ö ÃÖӏµÖÖ ?ÃÖ ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¯Ö¸ü
?Ó׍ú?Ö ú¸ü ¤ëü ?
4. ¯ÖÏ?µÖêú ¯ÖÏ¿­Ö êú ×»Ö? ?ÖÖ¸ü ?¢Ö¸ü ׾֍ú»¯Ö (A), (B), (C) ?Ö£ÖÖ (D) פüµÖê ÖµÖê
Æïü ? ?֯֍úÖê ÃÖÆüß ?¢Ö¸ü êú ¤üß?ÖÔ¾Öé¢Ö úÖê ¯Öê­Ö ÃÖê ³Ö¸üú¸ü úÖ»ÖÖ ú¸ü­ÖÖ Æîü ?ÖîÃÖÖ
׍ú ­Öß?Öê פüÖÖµÖÖ ÖµÖÖ Æîü ?
?¤üÖÆü¸üÖ :
?Ö²Ö׍ú (C) ÃÖÆüß ?¢Ö¸ü Æîü ?
5. ¯ÖÏ¿­ÖÖë êú ?¢Ö¸ü êú¾Ö»Ö ¯ÖÏ¿­Ö ¯Ö¡Ö I êú ?­¤ü¸ü פüµÖê ÖµÖê ?¢Ö¸ü-¯Ö¡Öú ¯Ö¸ü Æüß ?Ó׍ú?Ö
ú¸ü­Öê Æïü ? µÖפü ?Ö¯Ö ?¢Ö¸ü ¯Ö¡Öú ¯Ö¸ü פüµÖê ÖµÖê ¤üß?ÖÔ¾Öé¢Ö êú ?»ÖÖ¾ÖÖ ×úÃÖß ?­µÖ
ãÖÖ­Ö ¯Ö¸ü ?¢Ö¸ü ×?ÖÅ­ÖÖÓ׍ú?Ö ú¸?Öê Æïü, ?ÖÖê ?Ã֍úÖ ´Ö滵ÖÖӍú­Ö ­ÖÆüà ÆüÖêÖÖ ?
6. ?­¤ü¸ü פüµÖê ÖµÖê ×­Ö¤ìü¿ÖÖë úÖê ¬µÖÖ­Ö¯Öæ¾Öԍú ¯Ö?Íëü ?
7. ú??ÖÖ úÖ´Ö (Rough Work) ?ÃÖ ¯ÖãÛÃ?֍úÖ êú ?Û­?Ö´Ö ¯ÖéÂ?ü ¯Ö¸ü ú¸ëü ?
8. µÖפü ?Ö¯Ö ?¢Ö¸ü-¯ÖãÛÃ?֍úÖ ¯Ö¸ü ?¯Ö­ÖÖ ­ÖÖ´Ö µÖÖ ?êÃÖÖ úÖê?Ô ³Öß ×­Ö¿ÖÖ­Ö ×?ÖÃÖÃÖê
?֯֍úß ¯ÖÆü?ÖÖ­Ö ÆüÖê Ã֍êú, ׍úÃÖß ³Öß ³ÖÖÖ ¯Ö¸ü ¤ü¿ÖÖÔ?Öê µÖÖ ?Ó׍ú?Ö ú¸ü?Öê Æïü ?ÖÖê
¯Ö¸ü߁ÖÖ êú ×»ÖµÖê ?µÖÖêµÖ ?ÖÖê×ÂÖ?Ö ú¸ü פüµÖê ?ÖÖµÖëÖê ?
9. ?֯֍úÖê ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖ¯?Ö ÆüÖê­Öê ¯Ö¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?¾ÖÓ OMR ?¢Ö¸ü-¯Ö¡Öú
×­Ö¸ü߁֍ú ´ÖÆüÖê¤üµÖ úÖê »ÖÖî?üÖ­ÖÖ ?Ö¾Ö¿µÖú Æîü ?Öî¸ü ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖÛ¯?Ö êú ²ÖÖ¤ü ?ÃÖê
?¯Ö­Öê ÃÖÖ£Ö ¯Ö¸ü߁ÖÖ ³Ö¾Ö­Ö ÃÖê ²ÖÖÆü¸ü ­Ö »Öêú¸ü ?ÖÖµÖë ?
10. êú¾Ö»Ö ­Öß»Öê/úÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ?Õ?ü ¯Öî­Ö úÖ Æüß ?Ã?Öê´ÖÖ»Ö ú¸ëü ?
11. ׍úÃÖß ³Öß ¯ÖύúÖ¸ü úÖ ÃÖӐ֝֍ú (îú»Öãú»Öê?ü¸ü) µÖÖ »ÖÖÖ ?êü²Ö»Ö ?Öפü úÖ
¯ÖϵÖÖêÖ ¾ÖÙ?Ö?Ö Æîü ?
12. Ö»Ö?Ö ?¢Ö¸üÖë êú ×»Ö? úÖê?Ô ?Ӎú úÖ?êü ­ÖÆüà ?ÖÖ?ѐÖê ?
Paper-II 2  J-0110 
 
 
 
 
 
 
 
 
1. Marshallian Theory of consumer’s 
behaviour is based on 
 (A) Hypothesis of additive utilities.  
 (B) Hypothesis of independent 
utilities. 
 (C) Both (A) and (B).    
 (D) Weak ordering. 
 
2. Consider the following statements : 
 (i) Income effect is positive in 
case of normal goods.    
 (ii) Income effect is zero in the 
case of superior goods. 
 (iii) All Giffen goods are inferior 
goods, but not all inferior 
goods are Giffen goods. 
 (iv) Income effect is negative in 
case of inferior goods. 
 Which of the above is /are correct ? 
 (A) (i) only 
 (B) (ii) only 
 (C) (iii) & (iv) 
 (D) (i), (iii) and (iv) 
 
3. A profit maximising firm will stop 
production in the short run if price is 
 (A) less than the average variable 
cost 
 (B) less than the marginal cost 
 (C) less than the average total cost 
 (D) equal to the average total cost 
 
 
 
 
4. Consider the following statements : 
 (i) When MC curve is below the 
AC curve, then the AC curve 
must be rising. 
 (ii) When MC curve is above AC 
curve, then AC curve must be 
falling. 
 (iii) MC curve intersects AC curve 
at the point where AC is 
constant. 
 Which of the above statement(s) 
is/are correct ?   
 (A) (iii) only 
 (B) (i) and (ii) 
 (C) (i), (ii) and (iii) 
 (D) (i) and (iii) 
 
5. With which of the following is the 
doctrine of excess capacity in the 
long run not associated ? 
 (A) Monopoly  
 (B) Oligopoly 
 (C) Monopolistic competition 
 (D) Perfect competition 
 
6. To derive the demand curve for a 
firm for one of the several variable 
factors, the following must be 
considered : 
 (A) The external effect of the 
change in the factor price  
 (B) The internal effect of the 
change in factor price 
 (C) Monopolistic exploitation  
 (D) Monopsonistic exploitation 
ECONOMICS 
Paper – II 
Note : This paper contains fifty (50) objective type questions, each question carrying two 
(2) marks. Attempt all the questions. 
 
 J-0110 3  Paper-II 
 
 
 
 
1. ´ÖÖ¿ÖÔ»Ö úÖ ˆ¯Ö³ÖÖꌟÖÖ ¾µÖ¾ÖÆüÖ¸ü ×ÃÖ¨üÖ-ŸÖ †Ö¬ÖÖ׸üŸÖ 
Æîü 
 (A) µÖÖêÖÖŸ´Öú ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ 
¯Ö¸ü … 
 (B) þ֟Ö-¡Ö ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ  
¯Ö¸ü … 
 (C) (A) †Öî¸ü (B) ¤üÖê-ÖÖë ¯Ö¸ü … 
 (D) ú´Ö•ÖÖê¸ü Îú´Ö-ãÖÖ¯Ö-Ö ¯Ö¸ü 
 
2. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) ÃÖÖ´ÖÖ-µÖ ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ 
¯ÖϳÖÖ¾Ö ¬Ö-ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 (ii) ˆŸéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
¿Öæ-µÖ ÆüÖêŸÖÖ Æîü … 
 (iii) ÃÖÖ¸üß ×Ö×±ú-Ö ¾ÖßÖã‹Ñ ×-Öéú™ü ¾ÖßÖã‹Ñ Æïü, 
¯Ö¸ü-ŸÖã ÃÖÖ¸üß ×-Öéú™ü ¾ÖßÖã‹Ñ ×Ö×±ú-Ö ¾ÖßÖã‹Ñ 
-ÖÆüà Æïü … 
 (iv) ×-Öéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
Šú8ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (i) 
 (B) ×ÃÖ±Ôú (ii) 
 (C) (iii) †Öî¸ü (iv) 
 (D) (i), (iii) †Öî¸ü (iv) 
 
3. »ÖÖ³Ö †×¬ÖúŸÖ´Ö ú¸ü-Öê ¾ÖÖ»Öß ±ú´ÖÔ †»¯ÖúÖ»Ö ´Öë 
ˆŸ¯ÖÖ¤ü-Ö ¸üÖêú ¤êüÖß, µÖפü úß´ÖŸÖ  
 (A) †ÖîÃÖŸÖ ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ »ÖÖÖŸÖ úß ŸÖã»Ö-ÖÖ 
´Öë ú´Ö Æîü … 
 (B) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (C) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (D) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ êú ²Ö¸üÖ²Ö¸ü Æîü … 
 
 
 
 
4. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú -Öß“Öê ¸üÆüŸÖÖ Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú ‰ú¯Ö¸ü “ÖœÍü ¸üÆüÖ ÆüÖê-ÖÖ “ÖÖ×Æü‹ … 
 (ii) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú ‰ú¯Ö¸ü Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
†Ö¾Ö¿µÖú ºþ¯Ö ÃÖê -Öß“Öê úß †Öê¸ü •ÖÖ-ÖÖ 
“ÖÖ×Æü‹ … 
 (iii) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
úÖê ˆÃÖ ×²Ö-¤ãü ¯Ö¸ü úÖ™üŸÖÖ Æîü •ÖÆüÖÑ †ÖîÃÖŸÖ 
»ÖÖÖŸÖ Ûãָü Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ú£Ö-ÖÖë ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (iii) 
 (B) (i) †Öî¸ü (ii) 
 (C) (i), (ii) †Öî¸ü (iii) 
 (D) (i) †Öî¸ü (iii) 
 
5. †×ŸÖ¸êüú EÖ´ÖŸÖÖ úÖ ×ÃÖ¨üÖ-ŸÖ ×-Ö´-ÖÖÓ×úŸÖ ´Öë à Öê 
×úÃÖêú ÃÖÖ£Ö ¤üß‘ÖÔúÖ»Ö ´Öë ÃÖ´²ÖÛ-¬ÖŸÖ -ÖÆüà Æîü ? 
 (A) ‹úÖ׬ÖúÖ¸ü 
 (B) †»¯ÖÖ׬ÖúÖ¸ü 
 (C) ‹úÖ׬ÖúÖ¸üß ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 (D) ¯Öæ8ÖÔ ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 
6. ²ÖÆãüŸÖ ÃÖê ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ úÖ¸üúÖë êú ×»Ö‹ ±ú´ÖÔ úÖ 
´ÖÖÑÖ ¾ÖÎú ×-ÖúÖ»Ö-Öê êú ×»Ö‹ ×-Ö´-ÖÖÓ×úŸÖ úÖ ¬µÖÖ-Ö 
¸üGÖ-ÖÖ †Ö¾Ö¿µÖú  Æîü : 
 (A) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ ²ÖÖÊ 
¯ÖϳÖÖ¾Ö 
 (B) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ †ÖÓŸÖ׸üú 
¯ÖϳÖÖ¾Ö 
 (C) ‹úÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
 (D) ÎêúŸÖÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
†£ÖÔ¿ÖÖÃ¡Ö 
¯ÖÏ¿-Ö¯Ö¡Ö – II 
-ÖÖê™ü :  ‡ÃÖ ¯ÖÏ¿-Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆãü-×¾Öú»¯ÖßµÖ ¯ÖÏ¿-Ö Æïü … ¯ÖÏŸµÖêú ¯ÖÏ¿-Ö êú ¤üÖê (2) †Óú Æïü … ÃÖ³Öß ¯ÖÏ¿-ÖÖë êú ˆ¢Ö¸ü ¤ëü … 
Paper-II 4  J-0110 
7. In an Edgeworth production box, the 
only possible positions of 
equilibrium is 
 (A) the isoquants are tangent to 
one another    
 (B) the isoquants intersect each 
other 
 (C) the marginal products of the 
inputs are equal    
 (D) both (B) and (C) 
 
8. In case of Keynes’ Psychological 
Law of Consumption Function, which 
one of the following statements is 
incorrect ? 
 (A) As disposal income increases, 
consumption also increases, 
but less than proportionately.    
 (B) Marginal propensity to 
consume is positive but less 
than unity. 
 (C) As disposable income increases, 
average propensity to consume 
falls, and vice versa. 
 (D) Average propensity to 
consume equals marginal 
propensity to consume at all 
levels of income. 
 
9. Which one of the following 
statements in case of balanced 
budget multiplier is incorrect ? 
 (A) The value of balanced budget 
multiplier is unity in case of 
autonomous taxes. 
 (B) The value of balanced budget 
multiplier is less than unity in 
case of proportional taxes. 
 (C) The value of balanced budget 
multiplier is always unity no 
matter whether the taxes are 
autonomous or proportional.    
 (D) The value of Government 
expenditure multiplier is more 
than the value of tax 
multiplier. 
10. Consider following statements : 
 1. Credit creation varies inversely 
with Cash Reserve Ratio  
(CRR). 
 2. Credit creation varies 
positively with Cash Reserve 
Ratio (CRR). 
 3. Bond price and interest rate are 
inversely related. 
 4. Bond price and interest rate are 
positively related. 
 Which of the above statements is 
correct ? 
 (A) 1 and 3 (B) 1 and 4 
 (C) 2 and 3 (D) 2 and 4 
 
11. Given that C = Currency with the 
public, DD = Demand Deposits,           
TD = Time Deposits and R = Cash 
balances with the Commercial 
Banks, then high powered money is 
defined as 
 (A) C + DD 
 (B) C + R 
 (C) C + TD 
 (D) C + DD + TD 
 
12. The premise that there exists inverse 
relationship between money wage 
inflation and unemployment was 
originally given by 
 (A) A.W. Phillips  
 (B) Milton Friedman 
 (C) Philip Cagan   
 (D) Robert Lucas 
 
13. Based on accelerated-multiplier 
interaction, whose theory of trade 
cycles generates constrained cycles ? 
 (A) Hicks (B) Kaldor 
 (C) Samuelson (D) Baumol 
Page 5


D-0109 P.T.O.
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Roll No.
(In words)
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Roll No.____________________________
PAPER-II
Test Booklet No.
[Maximum Marks : 100 Time : 1 
1
/
4
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(In figures as per admission card)
ECONOMICS
J-01-10 1 P .T.O.
J
01
10
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 :
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and (D). Y ou have to darken the oval as indicated below on the
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where (C) is the correct response.
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Number of Pages in this Booklet : 16 Number of Questions in this Booklet : 50
Instructions for the Candidates ¯Ö¸ü߁ÖÖÙ£ÖµÖÖë êú ×»Ö? ×­Ö¤ìü¿Ö
A BC D
A B C
D
1. ¯ÖÆü»Öê ¯ÖéÂ?ü êú ?ú¯Ö¸ü ×­ÖµÖ?Ö Ã£ÖÖ­Ö ¯Ö¸ü ?¯Ö­ÖÖ ¸üÖê»Ö ­Ö´²Ö¸ü ×»Ö׏Ö? ?
2. ?ÃÖ ¯ÖÏ¿­Ö-¯Ö¡Ö ´Öë ¯Ö?ÖÖÃÖ ²ÖÆãü׾֍ú»¯ÖßµÖ ¯ÖÏ¿­Ö Æïü ?
3. ¯Ö¸ü߁ÖÖ ¯ÖÏÖ¸ü´³Ö ÆüÖê­Öê ¯Ö¸ü, ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?֯֍úÖê ¤êü ¤üß ?ÖÖµÖêÖß ? ¯ÖÆü»Öê ¯ÖÖÑ?Ö
×´Ö­Ö?ü ?֯֍úÖê ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê ?Ö£ÖÖ ?Ã֍úß ×­Ö´­Ö×»Ö׏Ö?Ö ?ÖÖÑ?Ö êú
×»Ö? פüµÖê ?ÖÖµÖëÖê ×?ÖÃ֍úß ?ÖÖÑ?Ö ?֯֍úÖê ?¾Ö¿µÖ ú¸ü­Öß Æîü :
(i) ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ÖÖê»Ö­Öê êú ×»Ö? ?Ã֍êú ú¾Ö¸ü ¯Öê?Ö ¯Ö¸ü »ÖÖß ú֐Ö?Ö úß
ÃÖᯙ úÖê ±úÖ?Íü »Öë ? Öã»Öß Æãü?Ô µÖÖ ×²Ö­ÖÖ Ã?üߍú¸ü-ÃÖᯙ úß ¯ÖãÛÃ?֍úÖ
þÖߍúÖ¸ü ­Ö ú¸ëü ?
(ii) ú¾Ö¸ü ¯ÖéÂ?ü ¯Ö¸ü ?û¯Öê ×­Ö¤ìü¿ÖÖ­ÖãÃÖÖ¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ êú ¯ÖéÂ?ü ?Ö£ÖÖ ¯ÖÏ¿­ÖÖë
úß ÃÖӏµÖÖ úÖê ???ûß ?Ö¸üÆü ?Öîú ú¸ü »Öë ׍ú µÖê ¯Öæ¸êü Æïü ? ¤üÖêÂÖ¯ÖæÖÔ
¯ÖãÛÃ?֍úÖ ×?Ö­Ö´Öë ¯ÖéÂ?ü/¯ÖÏ¿­Ö ú´Ö ÆüÖë µÖÖ ¤ãü²ÖÖ¸üÖ ?Ö ÖµÖê ÆüÖë µÖÖ ÃÖß׸üµÖ»Ö
´Öë ­Ö ÆüÖë ?£ÖÖÔ?Ö ×úÃÖß ³Öß ¯ÖύúÖ¸ü úß ¡Öã×?ü¯ÖæÖÔ ¯ÖãÛÃ?֍úÖ Ã¾ÖߍúÖ¸ü ­Ö
ú¸ëü ?Ö£ÖÖ ?ÃÖß ÃÖ´ÖµÖ ?ÃÖê »ÖÖî?ü֍ú¸ü ?Ã֍êú ãÖÖ­Ö ¯Ö¸ü ¤æüÃÖ¸üß ÃÖÆüß
¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ »Öê »Öë ? ?Ã֍êú ×»Ö? ?֯֍úÖê ¯ÖÖÑ?Ö ×´Ö­Ö?ü פüµÖê ?ÖÖµÖëÖê ?
?Ã֍êú ²ÖÖ¤ü ­Ö ?ÖÖê ?֯֍úß ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¾ÖÖ¯ÖÃÖ »Öß ?ÖÖµÖêÖß ?Öî¸ü ­Ö
Æüß ?֯֍úÖê ?×?Ö׸ü??Ö ÃÖ´ÖµÖ ×¤üµÖÖ ?ÖÖµÖêÖÖ ?
(iii) ?ÃÖ ?ÖÖÑ?Ö êú ²ÖÖ¤ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ úß Îú´Ö ÃÖӏµÖÖ OMR ¯Ö¡Öú ¯Ö¸ü
?Ó׍ú?Ö ú¸ëü ?Öî¸ü OMR ¯Ö¡Öú úß Îú´Ö ÃÖӏµÖÖ ?ÃÖ ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ¯Ö¸ü
?Ó׍ú?Ö ú¸ü ¤ëü ?
4. ¯ÖÏ?µÖêú ¯ÖÏ¿­Ö êú ×»Ö? ?ÖÖ¸ü ?¢Ö¸ü ׾֍ú»¯Ö (A), (B), (C) ?Ö£ÖÖ (D) פüµÖê ÖµÖê
Æïü ? ?֯֍úÖê ÃÖÆüß ?¢Ö¸ü êú ¤üß?ÖÔ¾Öé¢Ö úÖê ¯Öê­Ö ÃÖê ³Ö¸üú¸ü úÖ»ÖÖ ú¸ü­ÖÖ Æîü ?ÖîÃÖÖ
׍ú ­Öß?Öê פüÖÖµÖÖ ÖµÖÖ Æîü ?
?¤üÖÆü¸üÖ :
?Ö²Ö׍ú (C) ÃÖÆüß ?¢Ö¸ü Æîü ?
5. ¯ÖÏ¿­ÖÖë êú ?¢Ö¸ü êú¾Ö»Ö ¯ÖÏ¿­Ö ¯Ö¡Ö I êú ?­¤ü¸ü פüµÖê ÖµÖê ?¢Ö¸ü-¯Ö¡Öú ¯Ö¸ü Æüß ?Ó׍ú?Ö
ú¸ü­Öê Æïü ? µÖפü ?Ö¯Ö ?¢Ö¸ü ¯Ö¡Öú ¯Ö¸ü פüµÖê ÖµÖê ¤üß?ÖÔ¾Öé¢Ö êú ?»ÖÖ¾ÖÖ ×úÃÖß ?­µÖ
ãÖÖ­Ö ¯Ö¸ü ?¢Ö¸ü ×?ÖÅ­ÖÖÓ׍ú?Ö ú¸?Öê Æïü, ?ÖÖê ?Ã֍úÖ ´Ö滵ÖÖӍú­Ö ­ÖÆüà ÆüÖêÖÖ ?
6. ?­¤ü¸ü פüµÖê ÖµÖê ×­Ö¤ìü¿ÖÖë úÖê ¬µÖÖ­Ö¯Öæ¾Öԍú ¯Ö?Íëü ?
7. ú??ÖÖ úÖ´Ö (Rough Work) ?ÃÖ ¯ÖãÛÃ?֍úÖ êú ?Û­?Ö´Ö ¯ÖéÂ?ü ¯Ö¸ü ú¸ëü ?
8. µÖפü ?Ö¯Ö ?¢Ö¸ü-¯ÖãÛÃ?֍úÖ ¯Ö¸ü ?¯Ö­ÖÖ ­ÖÖ´Ö µÖÖ ?êÃÖÖ úÖê?Ô ³Öß ×­Ö¿ÖÖ­Ö ×?ÖÃÖÃÖê
?֯֍úß ¯ÖÆü?ÖÖ­Ö ÆüÖê Ã֍êú, ׍úÃÖß ³Öß ³ÖÖÖ ¯Ö¸ü ¤ü¿ÖÖÔ?Öê µÖÖ ?Ó׍ú?Ö ú¸ü?Öê Æïü ?ÖÖê
¯Ö¸ü߁ÖÖ êú ×»ÖµÖê ?µÖÖêµÖ ?ÖÖê×ÂÖ?Ö ú¸ü פüµÖê ?ÖÖµÖëÖê ?
9. ?֯֍úÖê ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖ¯?Ö ÆüÖê­Öê ¯Ö¸ü ¯ÖÏ¿­Ö-¯ÖãÛÃ?֍úÖ ?¾ÖÓ OMR ?¢Ö¸ü-¯Ö¡Öú
×­Ö¸ü߁֍ú ´ÖÆüÖê¤üµÖ úÖê »ÖÖî?üÖ­ÖÖ ?Ö¾Ö¿µÖú Æîü ?Öî¸ü ¯Ö¸ü߁ÖÖ ÃÖ´ÖÖÛ¯?Ö êú ²ÖÖ¤ü ?ÃÖê
?¯Ö­Öê ÃÖÖ£Ö ¯Ö¸ü߁ÖÖ ³Ö¾Ö­Ö ÃÖê ²ÖÖÆü¸ü ­Ö »Öêú¸ü ?ÖÖµÖë ?
10. êú¾Ö»Ö ­Öß»Öê/úÖ»Öê ²ÖÖ»Ö ¯¾ÖÖ?Õ?ü ¯Öî­Ö úÖ Æüß ?Ã?Öê´ÖÖ»Ö ú¸ëü ?
11. ׍úÃÖß ³Öß ¯ÖύúÖ¸ü úÖ ÃÖӐ֝֍ú (îú»Öãú»Öê?ü¸ü) µÖÖ »ÖÖÖ ?êü²Ö»Ö ?Öפü úÖ
¯ÖϵÖÖêÖ ¾ÖÙ?Ö?Ö Æîü ?
12. Ö»Ö?Ö ?¢Ö¸üÖë êú ×»Ö? úÖê?Ô ?Ӎú úÖ?êü ­ÖÆüà ?ÖÖ?ѐÖê ?
Paper-II 2  J-0110 
 
 
 
 
 
 
 
 
1. Marshallian Theory of consumer’s 
behaviour is based on 
 (A) Hypothesis of additive utilities.  
 (B) Hypothesis of independent 
utilities. 
 (C) Both (A) and (B).    
 (D) Weak ordering. 
 
2. Consider the following statements : 
 (i) Income effect is positive in 
case of normal goods.    
 (ii) Income effect is zero in the 
case of superior goods. 
 (iii) All Giffen goods are inferior 
goods, but not all inferior 
goods are Giffen goods. 
 (iv) Income effect is negative in 
case of inferior goods. 
 Which of the above is /are correct ? 
 (A) (i) only 
 (B) (ii) only 
 (C) (iii) & (iv) 
 (D) (i), (iii) and (iv) 
 
3. A profit maximising firm will stop 
production in the short run if price is 
 (A) less than the average variable 
cost 
 (B) less than the marginal cost 
 (C) less than the average total cost 
 (D) equal to the average total cost 
 
 
 
 
4. Consider the following statements : 
 (i) When MC curve is below the 
AC curve, then the AC curve 
must be rising. 
 (ii) When MC curve is above AC 
curve, then AC curve must be 
falling. 
 (iii) MC curve intersects AC curve 
at the point where AC is 
constant. 
 Which of the above statement(s) 
is/are correct ?   
 (A) (iii) only 
 (B) (i) and (ii) 
 (C) (i), (ii) and (iii) 
 (D) (i) and (iii) 
 
5. With which of the following is the 
doctrine of excess capacity in the 
long run not associated ? 
 (A) Monopoly  
 (B) Oligopoly 
 (C) Monopolistic competition 
 (D) Perfect competition 
 
6. To derive the demand curve for a 
firm for one of the several variable 
factors, the following must be 
considered : 
 (A) The external effect of the 
change in the factor price  
 (B) The internal effect of the 
change in factor price 
 (C) Monopolistic exploitation  
 (D) Monopsonistic exploitation 
ECONOMICS 
Paper – II 
Note : This paper contains fifty (50) objective type questions, each question carrying two 
(2) marks. Attempt all the questions. 
 
 J-0110 3  Paper-II 
 
 
 
 
1. ´ÖÖ¿ÖÔ»Ö úÖ ˆ¯Ö³ÖÖꌟÖÖ ¾µÖ¾ÖÆüÖ¸ü ×ÃÖ¨üÖ-ŸÖ †Ö¬ÖÖ׸üŸÖ 
Æîü 
 (A) µÖÖêÖÖŸ´Öú ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ 
¯Ö¸ü … 
 (B) þ֟Ö-¡Ö ˆ¯ÖµÖÖê×ÖŸÖÖ†Öë úß ¯Ö׸üú»¯Ö-ÖÖ  
¯Ö¸ü … 
 (C) (A) †Öî¸ü (B) ¤üÖê-ÖÖë ¯Ö¸ü … 
 (D) ú´Ö•ÖÖê¸ü Îú´Ö-ãÖÖ¯Ö-Ö ¯Ö¸ü 
 
2. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) ÃÖÖ´ÖÖ-µÖ ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ 
¯ÖϳÖÖ¾Ö ¬Ö-ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 (ii) ˆŸéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
¿Öæ-µÖ ÆüÖêŸÖÖ Æîü … 
 (iii) ÃÖÖ¸üß ×Ö×±ú-Ö ¾ÖßÖã‹Ñ ×-Öéú™ü ¾ÖßÖã‹Ñ Æïü, 
¯Ö¸ü-ŸÖã ÃÖÖ¸üß ×-Öéú™ü ¾ÖßÖã‹Ñ ×Ö×±ú-Ö ¾ÖßÖã‹Ñ 
-ÖÆüà Æïü … 
 (iv) ×-Öéú™ü ¾ÖßÖã†Öë êú ´ÖÖ´Ö»Öê ´Öë †ÖµÖ ¯ÖϳÖÖ¾Ö 
Šú8ÖÖŸ´Öú ÆüÖêŸÖÖ Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (i) 
 (B) ×ÃÖ±Ôú (ii) 
 (C) (iii) †Öî¸ü (iv) 
 (D) (i), (iii) †Öî¸ü (iv) 
 
3. »ÖÖ³Ö †×¬ÖúŸÖ´Ö ú¸ü-Öê ¾ÖÖ»Öß ±ú´ÖÔ †»¯ÖúÖ»Ö ´Öë 
ˆŸ¯ÖÖ¤ü-Ö ¸üÖêú ¤êüÖß, µÖפü úß´ÖŸÖ  
 (A) †ÖîÃÖŸÖ ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ »ÖÖÖŸÖ úß ŸÖã»Ö-ÖÖ 
´Öë ú´Ö Æîü … 
 (B) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (C) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ ÃÖê ú´Ö Æîü … 
 (D) †ÖîÃÖŸÖ ãú»Ö »ÖÖÖŸÖ êú ²Ö¸üÖ²Ö¸ü Æîü … 
 
 
 
 
4. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßו֋ : 
 (i) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú -Öß“Öê ¸üÆüŸÖÖ Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú ‰ú¯Ö¸ü “ÖœÍü ¸üÆüÖ ÆüÖê-ÖÖ “ÖÖ×Æü‹ … 
 (ii) •Ö²Ö ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ 
¾ÖÎú êú ‰ú¯Ö¸ü Æîü, ŸÖÖê †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
†Ö¾Ö¿µÖú ºþ¯Ö ÃÖê -Öß“Öê úß †Öê¸ü •ÖÖ-ÖÖ 
“ÖÖ×Æü‹ … 
 (iii) ÃÖß´ÖÖ-ŸÖ »ÖÖÖŸÖ ¾ÖÎú †ÖîÃÖŸÖ »ÖÖÖŸÖ ¾ÖÎú 
úÖê ˆÃÖ ×²Ö-¤ãü ¯Ö¸ü úÖ™üŸÖÖ Æîü •ÖÆüÖÑ †ÖîÃÖŸÖ 
»ÖÖÖŸÖ Ûãָü Æîü … 
 ˆ¯ÖµÖãÔŒŸÖ ú£Ö-ÖÖë ´Öë ÃÖê úÖî-Ö ÃÖÖ/ÃÖê ÃÖÆüß Æîü ? 
 (A) ×ÃÖ±Ôú (iii) 
 (B) (i) †Öî¸ü (ii) 
 (C) (i), (ii) †Öî¸ü (iii) 
 (D) (i) †Öî¸ü (iii) 
 
5. †×ŸÖ¸êüú EÖ´ÖŸÖÖ úÖ ×ÃÖ¨üÖ-ŸÖ ×-Ö´-ÖÖÓ×úŸÖ ´Öë à Öê 
×úÃÖêú ÃÖÖ£Ö ¤üß‘ÖÔúÖ»Ö ´Öë ÃÖ´²ÖÛ-¬ÖŸÖ -ÖÆüà Æîü ? 
 (A) ‹úÖ׬ÖúÖ¸ü 
 (B) †»¯ÖÖ׬ÖúÖ¸ü 
 (C) ‹úÖ׬ÖúÖ¸üß ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 (D) ¯Öæ8ÖÔ ¯ÖÏןֵÖÖê×ÖŸÖÖ 
 
6. ²ÖÆãüŸÖ ÃÖê ¯Ö׸ü¾ÖŸÖÔ-Ö¿Öᯙ úÖ¸üúÖë êú ×»Ö‹ ±ú´ÖÔ úÖ 
´ÖÖÑÖ ¾ÖÎú ×-ÖúÖ»Ö-Öê êú ×»Ö‹ ×-Ö´-ÖÖÓ×úŸÖ úÖ ¬µÖÖ-Ö 
¸üGÖ-ÖÖ †Ö¾Ö¿µÖú  Æîü : 
 (A) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ ²ÖÖÊ 
¯ÖϳÖÖ¾Ö 
 (B) úÖ¸üú úß´ÖŸÖ ´Öë ¯Ö׸ü¾ÖŸÖÔ-Ö úÖ †ÖÓŸÖ׸üú 
¯ÖϳÖÖ¾Ö 
 (C) ‹úÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
 (D) ÎêúŸÖÖ׬ÖúÖ¸üß ¿ÖÖêÂÖ8Ö 
†£ÖÔ¿ÖÖÃ¡Ö 
¯ÖÏ¿-Ö¯Ö¡Ö – II 
-ÖÖê™ü :  ‡ÃÖ ¯ÖÏ¿-Ö¯Ö¡Ö ´Öë ¯Ö“ÖÖÃÖ (50) ²ÖÆãü-×¾Öú»¯ÖßµÖ ¯ÖÏ¿-Ö Æïü … ¯ÖÏŸµÖêú ¯ÖÏ¿-Ö êú ¤üÖê (2) †Óú Æïü … ÃÖ³Öß ¯ÖÏ¿-ÖÖë êú ˆ¢Ö¸ü ¤ëü … 
Paper-II 4  J-0110 
7. In an Edgeworth production box, the 
only possible positions of 
equilibrium is 
 (A) the isoquants are tangent to 
one another    
 (B) the isoquants intersect each 
other 
 (C) the marginal products of the 
inputs are equal    
 (D) both (B) and (C) 
 
8. In case of Keynes’ Psychological 
Law of Consumption Function, which 
one of the following statements is 
incorrect ? 
 (A) As disposal income increases, 
consumption also increases, 
but less than proportionately.    
 (B) Marginal propensity to 
consume is positive but less 
than unity. 
 (C) As disposable income increases, 
average propensity to consume 
falls, and vice versa. 
 (D) Average propensity to 
consume equals marginal 
propensity to consume at all 
levels of income. 
 
9. Which one of the following 
statements in case of balanced 
budget multiplier is incorrect ? 
 (A) The value of balanced budget 
multiplier is unity in case of 
autonomous taxes. 
 (B) The value of balanced budget 
multiplier is less than unity in 
case of proportional taxes. 
 (C) The value of balanced budget 
multiplier is always unity no 
matter whether the taxes are 
autonomous or proportional.    
 (D) The value of Government 
expenditure multiplier is more 
than the value of tax 
multiplier. 
10. Consider following statements : 
 1. Credit creation varies inversely 
with Cash Reserve Ratio  
(CRR). 
 2. Credit creation varies 
positively with Cash Reserve 
Ratio (CRR). 
 3. Bond price and interest rate are 
inversely related. 
 4. Bond price and interest rate are 
positively related. 
 Which of the above statements is 
correct ? 
 (A) 1 and 3 (B) 1 and 4 
 (C) 2 and 3 (D) 2 and 4 
 
11. Given that C = Currency with the 
public, DD = Demand Deposits,           
TD = Time Deposits and R = Cash 
balances with the Commercial 
Banks, then high powered money is 
defined as 
 (A) C + DD 
 (B) C + R 
 (C) C + TD 
 (D) C + DD + TD 
 
12. The premise that there exists inverse 
relationship between money wage 
inflation and unemployment was 
originally given by 
 (A) A.W. Phillips  
 (B) Milton Friedman 
 (C) Philip Cagan   
 (D) Robert Lucas 
 
13. Based on accelerated-multiplier 
interaction, whose theory of trade 
cycles generates constrained cycles ? 
 (A) Hicks (B) Kaldor 
 (C) Samuelson (D) Baumol 
 
 J-0110 5  Paper-II 
7. ‹•Ö¾Ö£ÖÔ ˆŸ¯ÖÖ¤ü-Ö ²ÖÖòŒÃÖ ´Öë, ÃÖÓŸÖã»Ö-Ö úß ÃÖÓ³ÖÖ×¾ÖŸÖ 
ÛãÖןֵÖÖë ´Öë 
 (A) ÃÖ´Ö ˆŸ¯ÖÖ¤ü ¾ÖÎú ‹ú ¤æüÃÖ¸êü úÖê ïֿÖÔ ú¸üŸÖê 
Æïü … 
 (B) ÃÖ´Ö ˆŸ¯ÖÖ¤ü ¾ÖÎú ‹ú ¤æüÃÖ¸êü úÖê úÖ™üŸÖê Æïü … 
 (C) †ÖÖŸÖÖë úÖ ÃÖß´ÖÖ-ŸÖ ˆŸ¯ÖÖ¤ü ²Ö¸üÖ²Ö¸ü Æîü … 
 (D) (B) †Öî¸ü (C) ¤üÖê-ÖÖë … 
 
8. úß-ÃÖ êú ˆ¯Ö³ÖÖêÖ ±ú»Ö-Ö êú ´Ö-ÖÖê¾Öî–ÖÖ×-Öú ×-ÖµÖ´Ö 
êú ÃÖ´²Ö-¬Ö ´Öë ×-Ö´-ÖÖÓ×úŸÖ ´Öë úÖî-Ö ÃÖÖ ú£Ö-Ö ÃÖÆüß 
-ÖÆüà Æîü ? 
 (A) •Ö²Ö ¯ÖϵÖÖê•µÖ †ÖµÖ ²ÖœÍüŸÖß Æîü, ŸÖÖê ˆ¯Ö³ÖÖêÖ 
³Öß ²ÖœÍüŸÖÖ Æîü; ¯Ö¸ü-ŸÖã †Ö-Öã¯ÖÖןÖú ºþ¯Ö ÃÖê 
ú´Ö … 
 (B) ˆ¯Ö³ÖÖêÖ úß ÃÖß´ÖÖ-ŸÖ ¯ÖϾÖé×¢Ö ¬Ö-ÖÖŸ´Öú 
ÆüÖêŸÖß Æîü; ¯Ö¸ü-ŸÖã ‡úÖ‡Ô ÃÖê ú´Ö ÆüÖêŸÖß Æîü … 
 (C) •Ö²Ö ¯ÖϵÖÖê•µÖ †ÖµÖ ²ÖœÍüŸÖß Æîü, ŸÖÖê ˆ¯Ö³ÖÖêÖ 
ú¸ü-Öê úß †ÖîÃÖŸÖ ¯ÖϾÖé×¢Ö ú´Ö ÆüÖêŸÖß Æîü †Öî¸ü 
‡ÃÖêú ×¾Ö»ÖÖê´ÖŸÖ: … 
 (D) †ÖµÖ êú ÃÖ²Ö ÃŸÖ¸üÖë ¯Ö¸ü ˆ¯Ö³ÖÖêÖ úß †ÖîÃÖŸÖ 
¯ÖϾÖé×¢Ö ˆ¯Ö³ÖÖêÖ úß ÃÖß´ÖÖ-ŸÖ ¯ÖϾÖé×¢Ö êú 
²Ö¸üÖ²Ö¸ü ÆüÖêŸÖß Æîü … 
 
9. ÃÖÓŸÖã×»ÖŸÖ ²Ö•Ö™ü Öã8Öú êú ÃÖ´²Ö-¬Ö ´Öë ×-Ö´-ÖÖÓ×úŸÖ ´Öë 
ÃÖê úÖî-Ö ÃÖÖ ú£Ö-Ö Ö»ÖŸÖ Æîü ? 
 (A) þÖÖµÖ¢Ö ú¸üÖë êú ´ÖÖ´Ö»Öê ´Öë ÃÖÓŸÖã×»ÖŸÖ ²Ö•Ö™ü 
Öã8Öú úÖ ´Öæ»µÖ ‡úÖ‡Ô êú ²Ö¸üÖ²Ö¸ü ÆüÖêŸÖÖ      
Æîü … 
 (B) †Ö-Öã¯ÖÖןÖú ú¸üÖë êú ´ÖÖ´Ö»Öê ´Öë ÃÖÓŸÖã×»ÖŸÖ 
²Ö•Ö™ü Öã8Öú úÖ ´Öæ»µÖ ‡úÖ‡Ô ÃÖê ú´Ö ÆüÖêŸÖÖ 
Æîü … 
 (C) ÃÖÓŸÖã×»ÖŸÖ ²Ö•Ö™ü Öã8Öú úÖ ´Öæ»µÖ ÃÖ¤îü¾Ö 
‡úÖ‡Ô êú ²Ö¸üÖ²Ö¸ü ÆüÖêŸÖÖ Æîü “ÖÖÆêü ú¸ü þÖÖµÖ¢Ö 
ÆüÖë µÖÖ †Ö-Öã¯ÖÖןÖú … 
 (D) ÃÖ¸üúÖ¸üß ¾µÖµÖ Öã8Öú úÖ ´Öæ»µÖ ú¸ü Öã8Öú 
êú ´Öæ»µÖ ÃÖê •µÖÖ¤üÖ ÆüÖêŸÖÖ Æîü … 
10. ×-Ö´-ÖÖÓ×úŸÖ ú£Ö-ÖÖë ¯Ö¸ü ¬µÖÖ-Ö ¤üßוֵÖê : 
 1. ÃÖÖGÖ úÖ ÃÖé•Ö-Ö -Öú¤üß ×¸ü•Ö̾ÖÔ †-Öã¯ÖÖŸÖ êú 
×¾Ö¯Ö¸üßŸÖ ×¤ü¿ÖÖ ´Öë ¯Ö׸ü¾ÖÙŸÖŸÖ ÆüÖêŸÖÖ Æîü … 
 2. ÃÖÖGÖ ÃÖé•Ö-Ö -Öú¤üß ×¸ü•Ö̾ÖÔ †-Öã¯ÖÖŸÖ êú 
ÃÖÖ£Ö ¬Ö-ÖÖŸ´Öú ºþ¯Ö ÃÖê ¯Ö׸ü¾ÖÙŸÖŸÖ ÆüÖêŸÖÖ         
Æîü … 
 3. ²ÖÓ¬Ö ¯Ö¡Ö úß´ÖŸÖ †Öî¸ü ²µÖÖ•Ö úß ¤ü¸ü 
¯ÖÏןֻÖÖê´ÖŸÖ: ÃÖ´²ÖÛ-¬ÖŸÖ Æïü … 
 4. ²ÖÓ¬Ö ¯Ö¡Ö úß´ÖŸÖ †Öî¸ü ²µÖÖ•Ö úß ¤ü¸ü 
¬Ö-ÖÖŸ´Öú ºþ¯Ö ÃÖê ÃÖ´²ÖÛ-¬ÖŸÖ Æïü … 
 ×-Ö´-ÖÖÓ×úŸÖ ´Öë ÃÖê úÖî-Ö ÃÖÖ ÃÖÆüß Æîü ? 
 (A) 1 †Öî¸ü 3 (B) 1 †Öî¸ü 4 
 (C) 2 †Öî¸ü 3 (D) 2 †Öî¸ü 4 
 
11. µÖÆü פü‹ ÆüÖê-Öê ¯Ö¸ü ×ú C = »ÖÖêÖÖë êú ¯ÖÖÃÖ ú¸êü-ÃÖß; 
DD = ´ÖÖÑÖ •Ö´ÖÖ; TD = ÃÖÖ¾Ö׬Öú •Ö´ÖÖ; †Öî¸ü                        
R = ¾ÖÖ×8ÖÛ•µÖú ²ÖïúÖë êú ¯ÖÖÃÖ -Öú¤üß ¿ÖêÂÖ Æîü, ŸÖÖê 
ˆ““Ö ÃŸÖ¸üßµÖ (ÆüÖ‡Ô ¯ÖÖ¾Ö›Ôü) ´Öã¦üÖ úß ¾µÖÖGµÖÖ ‡ÃÖ 
ŸÖ¸üÆü ÃÖê úß •ÖÖŸÖß Æîü : 
 (A) C + DD 
 (B) C + R 
 (C) C + TD 
 (D) C + DD + TD 
 
12. µÖÆü †¾Ö¬ÖÖ¸ü8ÖÖ ×ú ´ÖÖîצüú ´Ö•Ö¤æü¸üß-ñúß×ŸÖ †Öî¸ü 
²Öê¸üÖê•ÖÖÖ¸üß êú ²Öß“Ö ×¾Ö¯Ö¸üßŸÖ ÃÖ´²Ö-¬Ö Æîü, ´Öæ»ÖŸÖ: 
×úÃÖ-Öê ¯ÖÏן֯ÖÖפüŸÖ úß ? 
 (A) ‹. ›ü²»Öæ. ×±ú×»Ö¯Ö 
 (B) ×´Ö»™ü-Ö ±Ïúß›ü´Öî-Ö 
 (C) ×±ú×»Ö¯Ö îúÖê-Ö 
 (D) ¸üÖò²Ö™Ôü »ÖæúÖÃÖ 
 
13. Ÿ¾Ö¸üú-Öã8Öú ¯ÖÖ¸üïÖ׸üú ×ÎúµÖÖ ¯Ö¸ü †Ö¬ÖÖ׸üŸÖ 
¾µÖÖ¯ÖÖ¸ü “ÖÎúÖë ÃÖê ÃÖ´²ÖÛ-¬ÖŸÖ ×úÃÖúÖ ×ÃÖ¨üÖ-ŸÖ 
‘×-Ö¸üÖê×¬ÖŸÖ ¾µÖÖ¯ÖÖ¸ü “ÖÎú’  ˆŸ¯Ö--Ö ú¸üŸÖÖ Æîü ?  
 (A) ×ÆüŒÃÖ (B) úÖ»›ü¸ü 
 (C) ÃÖî´µÖã»ÃÖ-Ö (D) ²ÖÖˆ´ÖÖò»Ö