Practice Research Questions and Answers

• For which preferences the income offer curve and the price offer curve are equal?
• Income elasticity of an inferior good is always
• Which of the following functions has a degree of homogeneity not equal to unity?
• List – I List – II a. Law of Absolute Cost Advantage 1. Haberler b. Doctrine of Comparative Cost Advantage 2. HescherOhlin ...
• Which of the following Herfindahl-Hirschman Index is most consistent with monopoly?
• Which of the following four-firm concentration ratios is most consistent with perfect competition?
• Lorenz Curve is given by: L(x) = 1/3 (X^3) + 2/3 (x^5). Calculate Gini Coefficient.
• Assertion (A): Use of goods and services from which one can be excluded are pure private goods. Reason (R): Such goods and services are not provided free b...
• Identify the order of chronological development of the theory of demand.  a. Marshall’s theory of demand  b. Indifference curves  c. R...
• List – I List – II a. Kinked demand curve hypothesis 1. William Baumol b. Sales maximization model of oligopoly 2. Paul Sweez...
• Let the utility function of a consumer be given by U(x,y) = min {y+2x, x+2y}. Prices are given by Px=1, Py=3, while the consumer’s income is M=20. Then h...
• Ed=1 i.                     MR is negative ...
• A central bank decides to increase money supply. For a given price level, the LM curve is expected to
• Under nominal wage rigidity, the short run aggregate supply schedule will be 
•  In the basic Solow model of growth
• If input prices adjusted very rapidly to output prices as classical economists argue the Phillips cure would be
• Which school of economic thought suggested that one possible cause of inflation was a ‘push’ from the cost side?
• Which among the following are the main pillars of the Basel III norms? Minimum capital requirements Supervisory review process Market discipline ...
• The concept of vicious circle of poverty is associated with
• During the planning period, highest growth rate was achieved during 
• Mahalanobis model is –
• If interest payments are subtracted from gross fiscal deficit, the remainder will be
• Under the Bretton wood system, the long-term development assistance was to be provided by IBRD IDA IMF All the above Codes:...
•  In the case of cost-push inflation, other things being equal:
• Based on the sticky-price model, the short-run aggregate supply curve will be steeper, the greater the_____
• Factor endowment theory is also known as a. Modern theory of international trade.  b. Classical theory of international trade.  c. Reciprocal demand t...
• The Banking Ombudsman Scheme is introduced under which of the following sections in Banking Regulation Act, 1949?
• For which of the following consumption functions, the value of income multiplier, k=4?
• Concepts of displacement and concentration effect in public expenditure are attributed to A.C. Pigou and J.K. Mehta Alan T. Peacock and Jack Wiseman ...
• Calculate Domestic Income: Items Rs in crore Compensation of employees 2000 Rent and interest 800 Indirect taxes 120 Corporat...
• List – I List – II a. Organic Composition of Capital 1. Hirschman b. Doctrine of Natural Law 2. Schumpeter c. Innovation ...
• List – I List – II a. Psychological Law of Consumption 1. Irving Fisher b. Time preference theory of interest 2. J.M. Keynes ...
• Consider an economy described by the following equations:   C = 100 + 0.6 ∗ (Y − T) (consumption function)   I = 200 − 1000 &l...
• Consider an economy described by the following equations:  C = 100 + 0.6 ∗ (Y − T) (consumption function)  I = 200 − 1000 ∗ r (investment funct...
• For two correlated variables x and y, if coefficient of correlation between x and y is 0.8014, variance of x and y are 16 and 25 respectively. Then the cov...
• If the regression coefficients of x on y and y on x are -1/4 and -1/9 respectively, then what is the correlation coefficient between x and y?
•  If r xy = 0, then:
• If r is negative, we know that :
• Whenrxy>0,thenbyxandbxyareboth: ...
•  Probability that A will be alive in 20 years is 0.7 and probability that B will be alive in 20 years is 0.6, then what is the probability that they both ...