exp in details please

Q. Nos. 31 - 40 : Read the following 36. The sequencing process of Schumpeter questions and find the correct sequence from model of development is the code given below these questions. (A) Swarm like Clusters, Innovation, 31. Arrange the following in chronological Bank credit, Breaking circular flow order : (B) Breaking circular flow, 1. CES production function. Innovation, Bank credit, Swarm II. Cobb-Douglas production function like Clusters Innovation, Bank III. Tronslog production function (C) credit. IV. The law of variable proportions Breaking circular flow, Swarm Codes : like Clusters (A) III, I, IV, II (B) I, IV, II, III (D) Bank credit, Innovation, Swarm like (C) IV, II, I, III (D) II, III, I, IV Clusters, Breaking circular flow 37. Arrange the following theories in order 32. Consider the following schemes : in which they appeared : L. EAS II. TRYSEM 1. Comparative Cost Advantage Theory III. JRY IV. RLEGP II. Absolute Cost Advantage Theory The correct chronological sequence of the III. Leontief Paradox launching of these schemes are : IV. Factor Endowment Theory Codes : Codes : (A) II, IV. I, III (B) IV. II, III, I (A) I, III, II, IV (B) II, III, IV, I (C) II. I. IV. III (D) I, IV. II. III (C) IV. III, I, II (D) II, IV, III, I 38. Arrange the stages of economic growth 33. Arrange the origin of money in a in a sequential order : sequential order 1. The age of high mass consumption 1. Cheque II. The traditional society II. Metallic money III. The take-off stage III. Commodity money IV. The drive to maturity IV. Paper money Codes : Codes : (A) I, III, IV, II (B) II, IV, I, III (A) IV, I, III, II (B) I, III, II, IV (C) III, I, HI, IV (D) II, III, IV, I (c) III, II, IV, I (D) II, IV, I, III 39. Identify the sequence of implementation 34. Arrange the following theories in the of the following taxes. chronological order : Select the correct answer from the L. Restatement of Quantity Theory given codes : II. Income Theory Land Revenue Sales tax III. Quantity Theory III. MODVAT IV. Cash Balance Approach IV. Service tax Select the correct answer from the Codes : given codes : (A) I, II, III, IV (B) II, IV, I, III Codes : (C) III, II, IV, I (D) IV, II, I, III (A) I, II, IV, III (B) III, I, II, IV 40. Identify the correct chronology of the (C) IV. III, I, II (D) III, IV, II, I following : 1. Fisher's test of significance of 35. Identify the correct chronological order differences between means of of the following classical economists : three or more samples. (A) Adam Smith, Malthus, Ricardo, Kendal's partial rank correlation. III. J.S. Mill Gossest's T test of significance between means of two samples. (B) Adam Smith, Ricardo, Malthus, J.S. Mill IV. " test of goodness of fit of the curve and randomness of the (C) Adam Smith, J.S. Mill, Ricardo, Malthus sample values. Codes : (D) Adam Smith, Malthus, J.S. Mill, (A) III, I, II, IV (B) I, II, III, IV Ricardo IV III I26. Assertion (A) : Financial inclusion is 28. Assertion (A) : Investment has also a desirable to help weaker sections supply effect. of society in the country. Reason (R) : Because it raises capacity to produce. Reason (R) : Investment activity needs Codes : to be promoted to facilitate (A) Both (A) and (R) are correct and access to development benefits to (R) is not the correct explanation of (A). masses. (B) Both (A) and (R) are correct and Codes : (R) is the correct explanation of (A). (A) Both (A) and (R) are correct and (C) (A) is correct, but (R) is not (R) is not the correct explanation correct. of (A). (D) (A) is not correct, but (R) is correct. (B) Both (A) and (R) are correct and (R) is the correct explanation of 29. Assertion (A) : Gold standard was (A). finally given up after the Second World War. (C) (A) is not correct, but (R) is Reason (R) : Countries had different correct. rates of inflation. Codes : (D) (A) is correct, but (R) is not (A) Both (A) and (R) are correct and correct. (R) is the correct explanation of (A). (B) Both (A) and (R) are correct and 27. Assertion (A) : Stationary state is the (R) is not correct explanation of end of the process of capital (A). formation. (C) (A) is correct, but (R) is not correct. Reason (R) : Scarcity of natural (D) (A) is not correct, but (R) is resources as also capital leads the correct. economy to the stationary state. 30. Assertion (A) Disguised Codes : unemployment is present in Indian agriculture. (A) Both (A) and (R) are correct and Reason (R) : Marginal productivity of (R) is not the correct explanation agriculture is close to zero. of (A). Codes : (A) Both (A) and (R) are correct and (B) Both (A) and (R) are correct and (R) is the correct explanation of (R) is the correct explanation of (A). (A). (B) Both (A) and (R) are correct and (R) is not the correct explanation (C) (A) is correct, but (R) is not of (A). correct. (C) (A) is correct, but (R) is not (D) (A) is not correct, but (R) is correct. (D) (A) is not correct, but (R) is correct. correct.Q. Nos. 21 - 30 : Read the following 23. Assertion (A) : Effective demand can be questions of given Assertions with their increased by more equitable Reasoning and find correct answer from the distribution of wealth. codes given below these questions. Reason (R) : Thirty or forty entities with income averaging between 21. Assertion (A) : Giffin's paradox rarely 1 lakh and 5 lakhs would create occurs in the real world. much more effective demand Reason (R) : Inferior goods are than a single entity having income of 10 lakhs a year. narrowly defined for which Codes : suitable substitutes are available. (A) Both (A) and (R) are correct and (R) is not the correct explanation Codes : of (A). (A) Both (A) and (R) are correct and (B) Both (A) and (R) are correct and (R) is the correct explanation of (R) is the correct explanation of (A). (A). (C) (A) is correct, but (R) is (B) Both (A) and (R) are correct and incorrect. (D) (A) is incorrect, but (R) is (R) is not the correct explanation correct. of (A). 24. Assertion (A) : During the period (C) (A) is correct, but (R) is 2004-05 to 2007-08 fiscal consolidation process was incorrect. witnessed in India. (D) (A) is incorrect, but (R) is Reason (R) : There was buoyancy in correct. tax revenue during this period. Codes : (A) Both (A) and (R) are correct and (R) is the correct explanation of 22. Assertion (A) : According to the Life (A). Cycle Theory of consumption, an (B) Both (A) and (R) are correct and individual level of consumption (R) is not the correct explanation depends not just on current of (A). income but also on long run (C) (A) is correct, but (R) is incorrect. expected earnings. (D) (A) is incorrect, but (R) is Reason (R) : Individuals are assumed correct. to plan a pattern of expenditure 25. Assertion (A) : K/L ratio will adjust based on expected earnings over through time in the direction of life time. equilibrium ratio. Reason (R) : Because the technical co- Codes : efficient of production are variable. (A) (A) is true, but (R) is false. Codes : (A) Both (A) and (R) are correct and (B) Both (A) and (R) are false. (R) is not the correct explanation (C) (A) is not correct, but (R) is of (A). (B) Both (A) and (R) are correct and correct. (R) is the correct explanation of (D) Both (A) and (R) are correct and (A). (R) is correct explanation of (A). (C) (A) is correct, but (R) is incorrect. (D) (A) is incorrect, but (R) is correct.Q. Nos. 11 - 20 : Read the following 16. The doctrine of unbalanced growth questions and find out correct answer from was propounded by the codes given below these questions. Hirschman II. Robert Solow 11. A point of 'Kink' in the kinked III. Singer demand curve indicates IV. Ragnar Nurkse I. Price rigidity Codes : II. Quantity rigidity (A) I and Il are correct. III. Price flexibility (B) II and III are correct. IV. Quantity flexibility III and IV are correct. Codes I and III are correct. (A) I and II are correct. 17. Harrod-Domar model of economic (B) II and III are correct. growth is based upon (C) III and IV are correct. Warranted growth rate (D) I and IV are correct. II. Investment growth rate 12. Improvement in the BOP deficit may III. Productivity growth rate be effected through IV. Natural growth rate I. Import control Codes : II. Export promotion (A) I and II are correct. III. Foreign exchange control (B) II and III are correct. IV. Devaluation Ill and IV are correct. Codes : (D) I and IV are correct. (A) I and II are correct. 18. In Keynesian system speculative (B) I, II, III and IV are correct. demand for money arises because of (C) II and III are correct. Uncertainty of future interest rates (D) I, II and III are correct. II. Unexpected expenditures 13. The problem relating to burden of Ill. To bridge the gap between income public debt has been dealt by and eventual expenditure A.P. Learner IV. Relationship between changes in II. E.D. Domar the interest rates and bond prices Codes : III. A.C. Pigou A.H. Henson I and III are correct. IV. (A) (B) I and IV are correct. Codes : II and III are correct. (A) I and II are correct. D III and IV are correct. (B) II and III are correct. (C) I and IV are correct. 19. According to Milton Friedman Theory (D of II and III are correct. permanent component of consumption-expenditure depends on 14. Fiscal policy relates to the Government 1. Transitory income alone decision in respect of II. Transitory and permanent income Taxation III. Permanent income alone II. Government spending IV. Windfall gains III. Government borrowing Codes : IV. Public Debt (A) I and II are correct. Codes : (B) I and III are correct. (A) III and IV are correct. II and IV are correct. (B) II, III and IV are correct. (D) Only III is correct. I and II are correct. 20. The Planning Commission of India has (D) All the above are correct. recently made announcement regarding 15. HDI is entrusted with reference to : Poverty Line : 1. Life expectancy at birth 1. 7 42 per capita per day in urban area Real GDP/per capita IL