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Give short details please 35. Match List - I with List - II and select the correct answer : List - 1 List - II

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35. Match List - I with List - II and select the correct answer : List - 1 List - II (a) Supply side of international trade (i) David Ricardo (b) Demand side of international trade (ii) Bastable and Alfred Marshall (c) Opportunity cost of international trade (iii) G. Haberler (d) Real cost theory of International trade (iv) Alfred Marshall and Edgeworth Codes : (a) (b) (c) (d) (1) (iv) (ii) (mii) (2) (i) (iv) (iii) (ii) (3) (iv) (ii) (iii) (4) (iv) (iii) 36. Justice in taxation is best ensured by applying the principle of : (1) Equal marginal sacrifice (2) Equal proportional sacrifice (3) Equal absolute sacrifice (4) None of the above. 37. All the funds which belong to Government go to : (1) Public Account (2) Consolidated fund (3) Contigency fund (4) Revenue Account 38. During the period 2004 and 2013, India's share in global exports increased from : (1) 0.8 percent to 1.7 percent (2) 1.0 percent to 2.5 percent (3) 1.0 percent to 1.5 percent (4) 1.2 percent to 2.1 percent 39. 'Gender budgeting' means : (1) a seperate budget for women (2) a tool for gender empowerment (3) a tool for gender discrimination (4) a seperate budget for men and women. 40. Which sector in India has developed breaking the Colin Clark sequence of development ? (1) Export Sector (2) Primary Sector (3) Secondary Sector (4) Service Sector 41. Match List - I with List - II by selecting correct codes given below : List - I List - II (a) Liquidity trap (i) M. Friedman (b) Demonstration effect (ii) A. C. Pigou (c) Permanent Income Hypothesis (mii) J. Duesenberry (d) Wealth Effect (iv) J. M. Keynes Codes : (a) (b) (c) (d) (1) (iv) (iii) (i) (1i) (2) (ii) (iv) (iii) (iv (ii) (1) (1) (Hii) (iv) (in)28. Which among the following production function will exhibit both Hicks and Harrod technical progress ? (1) Leontieff production functions (2) Cobb - Douglas production functions (3) ACMS production functions (4) None of the above 29. The concept of X-efficiency was formulated by : (1) H. Singer (2) H. Leibenstein (3) R. Rodan (4) C. Kindleberger 30. Which among the following items has the largest value of exports in India during 2013-15 ? (1) Engineering goods (2) Garments (3) Gems and Jewellary (4) Agro-processing exports. 31. Which among the following is not correctly matched ? (1) Golden age Mrs. Joan Robinson (2) Golden rule of accumulation Edmund Phelfs (3) Steady state growth Robert Solow (4) Low income equillibrium trap T. R. Malthus 32. Who among the following economists is not associated with the Dependency Theory ? (1) S. Amin P. Baron (3) Raul Prebisch (4) A. G. Frank 33. Which one of the following is not a feature of neoclassical economics ? (1) Flexible wages and interest rates (2) Capital in physical and financial form Perfect Competetion (4) Neutrality of money 34. Renewed focus to control increasing population is required from the viewpoint of women because : (1) Family planning programme needs to be reoriented keeping in view the reproductive health rights of women. (2) Increased budget needed to provide quality services to women. (3) Increased number of women councellers needed for health and youth friendly services. (4) All of the above.22. Match List - I with List - II and select the correct answer from the codes given below : List - 1 List - II (a) C=40+0.7y (i) LM function (b) 1=90-6 1 IS function (c) 0.3y -20i-160 =0 (iii) Consumption function (d) 0.3y +20i -150 =0 (iv) Investment function Codes : ) (b) (c) (d) (1) (mii) (iv) (i) (1i) (2) (iv) (iii) (ii) (3) (iv) (i) (ii) (iii) (4) (iii) (iv) (ii) 23. In a linear programming problem, an optimum solution will be : (1) One of the basic solutions (2) One of the feasible solutions (3) One of the basic feasible solutions (4) One of the non-basic solutions 24. Human capital formation can be accelerated by : (1) Promoting skill development programmes (2) Providing medical and health facilities in both rural and urban areas. (3) Strengthening hardware and software industry. (4) (1) and (2) above. 25. What is the correct sequence for the evolution of society according to Karl Marx ? (a) Socialism (b) Slavery (c) Feudalism (d) Capitalism Codes : (1) (a), (b), (c) and (d) (2) (d). (c). (b) and (a) (3) (b). (c). (d) and (a) (4) (c). (d), (b) and (a) 26. The unbalanced growth strategy is based on : (1) External and Internal economies (2) Spread and backwash effects (3) Increasing and constant returns to scale (4) Backward and forward linkages 27. Financial dualism theory was developed by :17. Which of the following is an inferior good ? (1) Kerosine (2) Cooking gas (3) Electricity (4) Chemical fertilizers 18. Pareto optimality in production is gained in which of the following conditions ? (1) MRTS X = MRTS, (2) MRS = MRS B LK LK XY XY K = MRT L MPL MPK (3) MRS XY XY (4) PL PK 19. Match List - 1 (consumer behaviour approach) with List - II (Economist with whom it is associated) and select the correct answer using the codes given below : List - I List - II (a) Cardinal Approach (i) Von Newman Morgenstein (b) Indifference curve (ii) Alfred Marshell (c) Revealed Preference Approach (iii) J. K. Hicks (d) Neo-utility theory of risky choices (iv) P. A. Samuelson Codes : (a) (b) (c) (d) (1) (ii) (iii) (i) (iv) (2) (iii) (ii) (i) (iv) (3) (ii) (iii) (iv) (i) (4) (iii) (ii) (iv) (1) 20. Which one of the following is the correct concept of Natural rating unemployment ? (1) Frictionally and structurally unemployed (2) Frictionally and cyclically unemployed (3) Structurally and cyclically unemployed (4) Frictionally, cyclically and structurally unemployed 21. Consider the following statements : (a) Points to the left of the IS curve indicate excess supply of goods. (b) Points to the right of the LM curve indicate excess demand for money. (c) Points to the right of the IS curve indicate excess supply of money. (d) Points to the right of the IS curve indicate excess supply of goods. Of these statements : (1) (b) and (d) are correct (2) (a) and (c) are correct (3) (b) and (c) are correct (4) (c) and (d) are correct7. Monetary expansion can still be effective in getting out of liquidity trap if it's combined with : (1) Restrictions on bank loans (2) Increased taxes (3) Contractionary fiscal policy (4) Expansionary fiscal policy 8. If a linear consumption function passes through the origin it means : (1) APC > MPC (2) APC

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