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MH SET 2013: 1 December, Paper III, Economics

  • Date: 1 December 2013
  • Paper code: 1DEC_Economics_PIII
  • Language: Bilingual
  • 32 pages
MH SET 2013 question paper, 1 December 2013, Paper III, Economics, page 1 of 32
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DEC-11313/III




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DEC-11313/III

66. Find the odd name out :                       66. [kkyhy ukokrhy folaxrh 'ksk/kk %
    Regional Rural Bank, Primary
                                                      foHkkxh; xzkeh.k c°d] izkFkfed œ"kh ir laLFkk]
    Agricultural Credit Society, ICICI
                                                            vk;-lh-vk;-lh-vk;- c°d] ukckMZ
    Bank, NABARD :
                                                      (A) izkFkfed œ"kh ir laLFkk
    (A) Primary Agricultural Credit
                                                      (B) foHkkxh; xzkeh.k c°d
         Society
    (B) Regional Rural Bank                           (C) vk;-lh-vk;-lh-vk;- c°d
    (C) ICICI Bank                                    (D) ukckMZ
    (D) NABARD                                    67. [kkyhyiS d h dks . krk ?kVd Hkkjrkrhy
67. Which of the following is not the                 tfeufo"k;d lq/kkj.kkaps mfÌ"V uOgrs \
    objective of land reforms in India ?              (A) e/;LFkkaps mPpkVu
    (A) Abolition of intermediaries                   (B) ik.khiqjoBÓkP;k lqfo/kk iqjfo.ks
    (B) Providing irrigation facilities               (C) dlouqfdph 'kk'orh
    (C) Security of tenure                            (D) [kaMkps fu;eu
    (D) Regulation of rent                        68. lu 2010 e/;s Hkkjrh; œ"kh {ks=krhy xqaro.kwd
68. Investment in Indian agriculture as
                                                      fLFkj fdaerhuqlkj jk"V™h; mRiUukpk-------------
    per cent of GDP constant prices was
                                                      VDds gksrh-
    around...................% by the year
                                                        (A) 1.5
    2010.
                                                        (B) 5.5
    (A) 1.5
                                                        (C) 3.5
    (B) 5.5
    (C) 3.5                                             (D) 7.0
    (D) 7.0                                       69. Suppose the utility function is
69. Suppose the utility function is                     U = q 1, q2, prices are given as
    U = q 1, q2, prices are given as                    p1 = 4 and p2 = 10. With consumer’s
    p1 = 4 and p2 = 10. With consumer’s                 income as Rs. 200, what would be
    income as Rs. 200, what would be                    the equilibrium quantities of
    the equilibrium quantities of                       commodities ?
    commodities ?                                       (A) q1 = 25, q2 = 10
    (A) q1 = 25, q2 = 10                                (B) q1 = 50, q2 = 20
    (B) q1 = 50, q2 = 20                                (C) q1 = 20, q2 = 40
    (C) q1 = 20, q2 = 40
                                                        (D) q1 = 5, q2 = 10
     (D) q1 = 5, q2 = 10
                                             29                                             [P.T.O.
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70. If the utility function is U = q1q2                         70. If the utility function is U = q1q2
    and the budget constraint Mº— p1q1                              and the budget constraint Mº— p1q1
    – p 2 q 2 = 0, then the demand                                  – p 2 q 2 = 0, then the demand
    functions are :                                                 functions are :
    (A) Vertical                                                    (A) Vertical
    (B) Rectangular hyberbola                                       (B) Rectangular hyberbola
    (C) Parabola                                                    (C) Parabola
    (D) Horizontal                                                  (D) Horizontal
71. Entrepreneur’s short run total cost                         71. Entrepreneur’s short run total cost
    function is :                                                   function is :
    C = q3 – 6q2 + 17q + 66.                                        C = q3 – 6q2 + 17q + 66.
    What would be the output level at                               What would be the output level at
    which he maximizes profit if p = 5                              which he maximizes profit if p = 5
    under perfect competition ?                                     under perfect competition ?
    (A) 1                                                           (A) 1
    (B) 2                                                           (B) 2
    (C) 3                                                           (C) 3
    (D) 4                                                           (D) 4
72. An economy has the following data                           72. An economy has the following data
    for industry and agriculture sectors :                          for industry and agriculture sectors :
                   Agriculture Industry    Final   Final                           Agriculture Industry    Final   Final

                                          Demand Output                                                   Demand Output

 Agriculture          150         50       100     300           Agriculture          150         50       100     300

Industry               50        100        50     200          Industry               50        100        50     200

      The input-output coefficient for                                The input-output coefficient for
      industry’s input into agriculture                               industry’s input into agriculture
      sector is :                                                     sector is :
               1                                                               1
      (A)                                                             (A)
               2                                                               2
               1                                                               1
      (B)                                                             (B)
               3                                                               3
               1                                                               1
      (C)                                                             (C)
               6                                                               6

               1                                                               1
      (D)                                                             (D)
               5                                                               5
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73. Heteroscedasticity means :               73. Heteroscedasticity means :

    (A) Error variance increases                 (A) Error variance increases

    (B) Error variance decreases                 (B) Error variance decreases

    (C) Error variance increases or              (C) Error variance increases or

        decreases                                    decreases

    (D) Error variance is constant               (D) Error variance is constant

74. When the number of explanatory           74. When the number of explanatory

    variables in the regression model            variables in the regression model

    increases the adjusted R2 (R)2 .             increases the adjusted R2 (R)2 .

    (A) Increases                                (A) Increases

    (B) Decreases                                (B) Decreases

    (C) Does not change                          (C) Does not change

    (D) May increase or decrease                 (D) May increase or decrease

75. In a dummy variable model, the           75. In a dummy variable model, the

    number of dummies should be :                number of dummies should be :

    (A) one less than number of                  (A) one less than number of

        categories                                   categories

    (B) one more than number of                  (B) one more than number of

        categories                                   categories

    (C) equal to number of categories            (C) equal to number of categories

    (D) one less than number of                  (D) one less than number of

        independent variables in the                 independent variables in the

        model                                        model

                                        31                                    [P.T.O.
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ROUGH WORK




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Source: Savitribai Phule Pune University. Question paper published by Savitribai Phule Pune University.