(Papers) : IIT Madras  HSEE Papers-2017 (Indian Economy)

Q.73 Monotonicity of preferences implies that the indifference curves are:
[A] Downward sloping 
[B] Vertical straight line
[C] Grouped into an indifference map 
[D] Fixed proportion curves

Q.74 Cobb-Douglass production function exhibits
[A] Increasing returns to scale 
[B] Decreasing returns to scale
[C] Constant returns to scale
[D] Negative returns to scale

Q.75 The excess of private investment over savings of a country in a particular year was Rs.3000 million. The amount of budget deficit was (-) Rs.1500 million. What was the volume of trade deficit of that country for that particular year?
[A] Rs. 2000 million 
[B] Rs. 1000 million
[C] Rs. 500 million
[D] Rs. 1500 million

Q.76 Which of the following is true with India’s Gross Domestic Product (GDP) during the period 1999-2000 to 2009-2010?
[A] The share of agriculture and services increased, while that of secondary sector decreased
[B] The share of secondary sector and services increased, while that of agriculture decreased
[C] The share of agriculture and secondary sector increased, while that of services decreased
[D] The share of agriculture, secondary sector and services increased

Q.77 The mean age at marriage of females in India, according to the 2011 Census is
[A] 18.2
[B] 19.1 
[C] 22.3 
[D] 21.2

Q.78 The process by which the RBI undertakes an open market sale of government securities of an amount equal to the amount of foreign exchange inflow in the economy is called
[A] Varying Reserve Requirement
[B] Sterilization
[C] Deficit Financing 
[D] Devaluation

Q.79 As of 2016, the share of nuclear  electricity generation capacity in total installed electricity generation capacity in India is
[A] Less than 2 percent
[B] Less than 5 percent
[C] More than 10 percent
[D] More than 15 percent

Q.80 NAFED stands for
[A] National Agricultural Co-operative Marketing Federation of India
[B] National Agriculture Feeds Exports Division
[C] National Agency for Farm Exports and Development
[D] National Agency for Farm and Environment Development

Q.81 Which of the following is true with regard to India’s exports since 2010?
[A] Share of China in total exports increased, but OECD’s share declined
[B] Share of OECD increased, but OPEC’s share declined
[C] Share of Eastern Europe increased, but SAARC’s share declined
[D] Share of North America increased, but Japan’s share declined

Q.82 The Expert Group  to review the methodology for estimation of poverty in 2009 was headed by
[A] Amartya Sen
[B] S S Tharapore
[C] S D Tendulkar
[D] C Rangarajan

Q.83 Under perfect competition for a firm to maximize profits
[A] Price must be greater than MC
[B] Price must be greater than or equal to AVC in the short run
[C] Price must be equal to AFC in the long run
[D] Price must be less than MC

Q.84 “Capital in the Twenty First Century" was written by
[A] Thomas Piketty
[B] Robert Solow
[C] Paul Krugman 
[D] Joseph Stiglitz

Q.85 National Investment Fund constituted in 2005 relates to
[A] Disinvestment
[B] Foreign Direct Investment
[C] Foreign Portfolio Investment
[D] Small Savings Investment

Q.86 The approach to the Eleventh Five Year Plan (2007-12) set the broad objective as
[A] Growth with Stability
[B] Growth with Social Justice
[C] Growth with Equality
[D] Faster and more Inclusive Growth

Q.87 The base year of the new series of National Income is
[A] 2011-12 
[B] 2003-04 
[C] 2004-05
[D] 2010-11

Q.88 Who among the following is eligible for a loan from MUDRA Bank?
[A] Poor households 
[B] Small Manufacturing Units
[C] Government Employees 
[D] Non-Government Organizations

Q.89 The RBI publishes figures  for four alternative measures of Money Supply; M1, M2, M3 and M4. Which of these are known as ‘narrow money’?
[A] M1 and M2
[B] M3 and M4
[C] M2 and M3
[D] M1 and M4

Q.90 Which of the following is a  land locked harbor?
[A] Vishakhapatnam 
[B] Mumbai
[C] Kochi
[D] Tuticorin

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