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23. Match the items in the List - I with 27. Provide the correct answer about the items in List - II : desired growth target of the List - I List - II manufacturing sector in the medium 1. Critical Minimum 1. R.F. Kahn term as per National Effort Thesis Manufacturing Policy of India. II. Knife-edge 2. Rosentein- (A) 6-8 percent Equilibrium Rodan (B) 8 - 10 percent III. Bastard Golden 3. Leibenstein (C) 10- 12 percent Age (D) 12 - 14 percent IV. Big Push Theory 4. Harrod Codes : 28. Which of the following countries III IV have better Human Development (A) Index (HDI) as per the HDR 201 1 ? (B) 1. Sri Lanka (C) 2 II. Pakistan (D) 2 w . III. Kenya IV. Egypt 24. Which years in India have been the Codes : best and the worst in terms of growth (A) Sri Lanka and Egypt rate of national income ? (B) Sri Lanka and Kenya (A) 2007-08 and 1997-98 (C) Pakistan and Sri Lanka (B) 2006-07 and 1966-67 (D) Pakistan and Kenya (C) 1988-89 and 1979-80 (D) 2003-04 and 1957-58 29. What was the amount of outlay under MGNREGA in 2011-12 by the 25. Rank the States in ascending order of Government of India ? the crude birth rate in the recent (A) M and M' - M is surplus (C) P. Samuelson value. (D) J.M. Keynes Reason (R) : The main cause of this surplus value is raw materials, 17. The concept of vicious circle of machines, etc. poverty is associated with Codes : (A) J.M. Keynes (A) (A) is wrong but (R) is correct. (B) Ragner Nurkse (B) (A) is correct but (R) is wrong. (C) Karl Marx C) Both (A) and (R) are correct. (D) J.S. Mill (D) Both (A) and (R) are wrong 18. Inverted 'U' shaped income 22. Match the items in the List - I with distribution hypothesis is associated items in List - II : with List - 1 List - II (A) J.B. Clark I. Structural view of 1. Classical (B) David Ricardo Underdevelopment Economists (C) Simon Kuznets II. Laissez-faire Policy 2. Hollis (D) Adam Smith Chenery III. Departmental 3. Steady State Scheme of Growth 19. Components of HDI are Expanded I. Longevity Reproduction II. Infant mortality IV. Golden Age of 4. Karl Marx III. Educational attainment Accumulation IV. Decent standard of living Codes : Codes : II III IV (A) 1, II and III are correct. (A) 2 4 (B) II, III and IV are correct. (B) (C) 11, I, and IV are correct. (C) (D) 1, III and IV are correct. (D) w N8. The equilibrium in a market is 12. Match the theory/criterion of incomplete with increasing returns to investment determination as given scale only in the case of below in List - II with their (A) imperfectly competitive market propounders given below in List - I : monopolistic market List - I List - II (C) perfectly competitive market 1. Dale a. Q-Theory (D) none of the above Jorgenson II. J.M. Keynes b. Neo-classical 9. If 1 = Involuntary unemployment; Theory 2 Disguised unemployment; III. James Cohin c. Accelerator 3 = Frictional unemployment; and Theory 4 = Structural unemployment, then IV.James Clark d. Present Value Criterion full employment is consistent with Codes : (A) 1 & 2 (B) 2 & 3 III (C) 3 & 4 (D) 1 &4 II IV (A) a (B) 10. In Keynes' equation of absolute (C) C a income hypothesis, C = a + by, (D) a where C = Consumption expenditure; 13. Assertion (A) : In liquidity trap, the do = Consumption expenditure wher demand for money is perfectly income (y) is zero; and b = Margina interest elastic. Propensity to Consume (MPC), then Reason (R) : Because in this which of the following statements is situation, all the investors false ? expect the market rate of (A) MPC is independent of the interest to rise towards the level of income. natural rate of interest. (B) MPC is dependent on the level Codes : of income. (A) (A) and (R) both are correct (C) APC falls as income rises. and (R) is the correct (D) APC > MPC. explanation of (A). (B) (A) and (R) both are correct, 11. Which of the following statements is but (R) is not the correct false ? explanation of (A). (A) The balanced budget multiplier (C) (A) is correct, but (R) is is unity when taxes are lump incorrect. sum taxes. (D) Both (A) and (R) are incorrect. (B) The balanced budget multiplier 14. The rate of net investment spending is less than unity when taxes per time period depends on steepness are ad valorem taxes. of the downword slope of (C) Tax multiplier is less than (A) Marginal efficiency of government expenditure Investment Schedule multiplier. (B) Marginal efficiency of Capital (D) Tax multiplier is more than Schedule government expenditure (C) LM-Schedule multiplier. (D) IS-Schedule
