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kindly explain the answers thank you 30. Assertion (A) : In the following 33. Identify the correct chronological regression equation order of the following :

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kindly explain the answers thank you

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30. Assertion (A) : In the following 33. Identify the correct chronological regression equation order of the following : Y = a + bX, 'a' shows the a. Keynes' consumption function autonomous value of Y. b. Life Cycle hypothesis Reason (R) : If X = 0, Y = a holds. C . Relative income hypothesis Hence, a is the minimum value of d Friedman's permanent income Y which is independent of any hypothesis influence of X on Y. Codes Codes : (A) d. b, a, c (B) b, a. c. d (A) Both (A) and (R) are correct and (C) a, c, d, b (D) c, d, b, a (R) is the true explanation of 34. Identify the correct chronology of (A). stages of Marxian model of (B) (A) is correct, but (R) is not the economic development. correct explanation of (A). a. Capitalist crisis (C) (A) is correct, but (R) is not b . Capital accumulation correct. C . Surplus value (D) (A) is incorrect, but (R) is d Materialistic interpretation of correct. history Q. Nos. 31-40 : Read the questions and Codes : select the correct sequence from (A) b, a, c, d (B) c, d, b, a the codes given below : (C) d. c. b, a (D) c, b, a, d 35. The sequencing process of Harrod's 31. Identify the order of chronological model of development is development of the theory of a. Natural growth rate demand. b. Warranted growth rate a Marshall's theory of demand C. Actual growth rate b. Indifference curves d. Divergence C . Revealed preference theory Codes : d. Weak Preference ordering (A) d, c, b, a (B) c, b, a, d theory of demand. (C) b, a, d, c (D) a, d. c. b Codes : 36. Arrange the following summits of (A) a, c. d, b (B) d, b. a, c SAARC members in order in which (C) a, c, b, d (D) a, b, c, d these were organized a. New Delhi b. Bangalore 32. Identify the correct chronological Islamabad d. Kathmandu order of the following theories : Codes (A) a, c. d, b (B) a, b. c. d a. Cambridge version of quantity C) b. d, c, a (D) c, b, a, d theory of money. b. Fisher's version of quantity 37. Arrange the structure of balance of theory of money. payments accounts in which these items appear C. Tobin's theory of demand for money a. Capital account d. Baumol's theory of demand for b. Errors and omissions C. inventory. Current account d. Codes : Official settlements account (A) c, d. a, b (B) b. a. d, c Codes : ) a. b. c, d (B) c, a. d, b (C) d, a, b, c (D) a, b, c, d C) d, c, b, a (D) c, d, a, b24. Assertion (A) : Use of goods and 27. Assertion (A) : K/L will adjust services from which one can be through time to the equilibrium excluded are pure private goods. value of the ratio. Reason (R) : Such goods and services are not provided free by the State. Reason (R) : Technical coefficients of Codes : production are fixed (A) Both (A) and (R) are correct and Codes : (R) is the correct explanation of (A) Both (A) and (R) are correct, but (A). (R) is not the correct explanation (B Both (A) and (R) are correct, but of (A) (R) is not the correct explanation (B) Both (A) and (R) are correct and of (A). (C) (A ) is correct, but (R) is incorrect. (R) is the correct explanation of (D) (A) is incorrect, but (R) is correct. (A) (C) (A) is correct, but (R) is 25. Assertion (A) : 'A country is poor because it is poor. incorrect. Reason (R) : Income of a poor country (D) (A) is incorrect, but (R) is is low. so its savings and correct. investment are low. Low investment limits its productive 28. Assertion (A) : Investment has a capacity which leads to low output demand effect. and income. Codes : Reason (R) : Investment augments the (A) Both (A) and (R) are correct, but productivity and income in the (R) is not the correct explanation economy. of (A). Codes : (B) Both (A) and (R) are correct and (A) Both (A) and (R) are correct and (R) is the correct explanation of (R) is the correct explanation of (A). (C) (A) is correct, but (R) is (A). (B) incorrect Both (A) and (R) are correct, but (D) (A) is incorrect, but (R) is (R) is not the correct explanation correct. of ( A). 26. Assertion (A) : All historical events (C) (A) is correct, and (R) is not correct. are the result of a continuous (D) (A) is incorrect and (R) is correct. economic struggle between different classes and groups in a 29. Assertion (A) : Agriculture is the main society. source of livelihood of people in Reason (R) : This struggle is because India. of the conflict between the mode of Reason (R) : Measures for agricultural production and the value attached to the roles of different agents of development should be undertaken. production. Codes : Codes : (A) Both (A) and (R) are correct and (A) Both (A) and (R) are correct, but (R) is the correct explanation of (R) is not the correct explanation (A). of (A). (B) Both (A) and (R) are correct, but (B) Both (A) and (R) are correct and (R) is the correct explanation of (R) is incorrect explanation of (A) (A) (C) (A) is correct, but (R) is (C) (A) is correct, but (R) is incorrect. incorrect. (D) (A) is incorrect and (R) is (D) (A) is incorrect, but (R) is correct. correct.17. Factor endowment theory is also Q. Nos. 21-30 : Read the following known as questions and select the right Modern theory of international combination of Assertion (A) and trade. Reason (R) from the codes given below : h Classical theory of 21. Assertion (A) : There is a natural international trade. tendency to collude under C. Reciprocal demand theory. oligopoly d. Factor proportions theory of Reason (R) : Inter-dependence of international trade firms in oligopolistic markets. Codes : Codes : (A) a and b (B) b and c (A) Both (A) and (R) are correct, but (R) is not the correct explanation (C) a and d (D) c and d of (A). 18. Most important theory of increasing (B) Both (A) and (R) are correct, and public expenditure is associated with (R) is the correct explanation of (A). a. Adolph Wagner's hypothesis (C) (A) is correct, but (R) is b. Critical limit hypothesis incorrect. C . Administrative efficiency (D) (A) is incorrect, but (R) is hypothesis correct. d. Stability of income hypothesis 22. Assertion (A) : In short run, the Codes : marginal cost of output is the cost (A) a and b (B) a and c of additional labour and materials (C) a (D) c and d used in production Reason (R) : Materials and labour 19. Under the Brettonwood system, the used in production alone vary in long term development assistance short run. was to be provided by Codes : IBRD (A) (A) is correct and (R) is h. IDA incorrect. (A) is incorrect, but (R) is C. IMF correct. d. All the above (C) Both (A) and (R) are correct Codes : and (R) is the correct (A) a and b (B) a, b. c explanation of (A) (C) b and c (D) d (D) Both (A) and (R) are incorrect. 20. The Planning Commission of India 23. Assertion (A) : Post reform liberal trade policies have stimulated has recently announced the poverty India's growth. line as Reason (R) : Private enterprise got a. 7 42 per day per person for opportunities to contribute to urban area. growth of Indian manufacturing h. 26 per person per day for industries. rural areas. Codes : (A) Both (A) and (R) are correct, and C.

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