Ambedkar University MA Economics Admission

Will you tell me what is the eligibility criteria to admission in MA Economics at Ambedkar University?

[Kiran Chandar]

Ambedkar University conducts entrance exam to provide admission in MA Economics course.

Eligibility to appear in entrance exam :

Eligibility
Candidate must have graduation degree in any stream.

Candidate must secure minimum of 45-50% marks in graduation.


Entrance exam paper pattern :

The question paper for the written entrance test will have a total of 75 marks.
There will be three sections of which Section A is a qualifying section
.
Section A will have 30 multiple choice questions of 1 mark each.

Section B will have 10 short questions of 3 marks each. Section 3 will have 1 passage based question of 15 marks.


Sample paper - MA Economics entrance exam

1.
Based on the data in the table above, ice cream and cake are ________ goods.
a. Substitute
b. Complement
c. Normal
d. Inferior
2. Which of the following is not a factor of production?
a. Land
b. Labour
c. Money
d. Capital
e. All the four above are factors of productions
3. In the simple Keynesian model a one rupee increase in the fiscal deficit, brought about
through some combination of changes in government expenditure and taxes, leads to
a.
An increase in the GDP
b.
A decrease in the GDP
c.
An increase of exactly one rupee in the GDP
d.
Cannot be specified based on given information
4. ‘If two countries have the same growth rate in their per capita GDP between 1999 and
2000, then the population growth rate in the two countries between 1999 and 2000 must
also be the same.’ The statement is
a.
True
b.

5. As increases the function ( )=2
−
a. Increases at a decreasing rate
b. Increases at an increasing rate
c. Decreases at a decreasing rate
d. Decreases at an increasing rate
6. Economic growth is depicted by
a. a shift in the production possibilities frontier outward
b. a movement from inside the curve toward the curve
c. a shift in the production possibilities frontier inward
d. a movement along a production possibilities frontier toward capital goods
7. Diseconomies of scale exist when
a. prices to consumers decrease as more units are sold.
b. output increases when more resources are employed.
c. average costs increase as a firm invests and expands its productive capacity.
d. production imposes external costs on nearby third-party consumers and producers.
e. employment and the price level both rise as national output rises.
8. In the expectations-augmented Phillips curve with adaptive expectations
a. The rate of inflation is an increasing function of the rate of unemployment
b. The rate of change of inflation is an increasing function of the rate of unemployment
c. The rate of inflation is a decreasing function of the rate of unemployment
d. The rate of change of inflation is a decreasing function of the rate of unemployment
9. Suppose the quantity of pens demanded is 13,903 in June. If a price increase from Rs 20
to Rs 25 led to the quantity demanded decreasing to 11,853 in July, the own price
elasticity of demand equals
a. -0.147
b. -0.173
c. -0.589
d. -1.945
e. -0.159

10. The Bretton Woods system functioned during
a. The second half of the twentieth century
b. The first half of the twentieth century
c. The second half of the nineteenth century
d. The first half of the nineteenth century
11.
Price Competition is observed in the
a. Stackelberg Model
b. Bertrand Model
c. Kinked Demand Curve Model
d. Monopsony
12.
The availability of imported goods at lower costs than would be incurred domestically
is most directly generated by
a. uniqueness gains from trade
b. dynamic gains from trade
c. political spin-off gains from trade
d. specialization gains from trade
e. unilateral benefits from trade.
13.
The “ public good” rationale for government provision of a good or service least
clearly covers
a. College education
b. Roads and highways
c. Garbage collection
d. Police and fire protection
14.
A country produces only apples and bananas. Moving from point A to point B along
its production possibilities frontier, 5 apples are gained and 4 bananas are forgone.
What is the opportunity cost of an apple?
a. 4 bananas
b. 5/4 of a bananas
c. 4/5 of a banana
d. 1 apple

15.
Which of the following is not an assumption of the Lewis Model?
a.
Dual Economy
b.
Surplus Labour in the traditional sector
c.
Profit mark-up in manufacturing sector
d.
Monopolistic Competition in the manufacturing sector
16.
Let and be positive real numbers. When does the series
−1
∞
=1
have a finite sum?
a.
If and only if < 1.
b.
If and only if < 1.
c.
If and only if < 1.
d.
If and only if ⁄ < 1.
17.
Suppose there is a correlation of r = 0.9 between number of hours studied per day
and GPAs. Which of the following is a reasonable conclusion?
a.
90% of students who study receive high grades.
b.
90% of the variation in GPAs can be explained by variation in number of
study hours.
c.
10% of the variation in GPAs cannot be explained by variation in number
of study hours per day.
d.
81% of the variation in GPAs can be explained by variation in number of
study hours per day.
18.
The case for a monetary growth rule or a laissez faire approach to macroeconomic
policy is significantly weakened by:
a. "sticky" prices and wages.
b. the power of Say’s law.
c. Adam Smith’s concept of “the invisible hand.”
d. The Laffer curve.
19.
The assumption of the convexity of preferences is required
a. For neither the First nor the Second Fundamental Theorems of Welfare Economics.
b. For both the First and the Second Fundamental Theorems of Welfare Economics.
c. For only the First Fundamental Theorem of Welfare Economics.
d. For only the Second Fundamental Theorem of Welfare Economics.
20.
The ‘Drain of Wealth’ during the British Colonial rule in India consisted of a
a. Drain of Indian revenues via trade settlements
b. Drain of British Capital via investment in railways
c. ‘Brain drain’ from India to Britain
d. Drain of British taxpayer’s money for conquest of Indian territories
21.
If the economy in the diagram above starts at point c and then Aggregate Demand
shifts to AD2, according to:
a. Keynesian theory, the economy will quickly move to point a.
b. classical theory, the economy will rapidly adjust to point b.
c. Keynesian theory, the economy will immediately move to point d.
d. classical theory, the economy will instantly shift to point a.
22.
If this economy starts at point c in the diagram above and then Aggregate Demand
shifts to AD1, according to:
a. both classical and Keynesian theory, the economy will experience inflation.
b. classical theory, real economic growth will accelerate.
c. classical theory, excessive unemployment will be reduced.
d. Keynesian theory, the unemployment rate will increase
23.
Instead of studying for an additional two hours for the economics final, Rashi decides
to watch a movie. Rashi is making a/an
a. decision that does not involve an opportunity cost.
b. rational decision if her marginal cost from the movie is greater than her marginal
benefit.
c. rational decision if her marginal benefit from the movie is greater than her
marginal cost.
d. irrational decision because studying is more important than watching a movie.
e. decision that is not on the margin because she will see the entire movie.
24.
In the year 2013, the Rupee has depreciated vis-à-vis the Dollar. This implies
a. Unambiguous improvement of India’s Balance of Trade
b. a fall in prices of imports from the US
c. higher competitiveness of Indian exporters
d. higher competitiveness of US exporters
25.
At harvest time, the supply of wheat is perfectly inelastic. If the government taxes
wheat at Rs 1 a kilo, then
a. the seller pays the entire tax.
b. the buyer pays the entire tax.
c. the seller and the buyer split the tax but the seller pays more.
d. no one pays the tax because the wheat must be harvested or it will go to waste.
e. the seller and the buyer split the tax evenly.
26.
An urn contains 6 red marbles and 4 black marbles. Two marbles are drawn with
replacement from the urn. The probability that both of the marbles are black is
a. 1/2
b. 1/4
c. 9/25
d. 4/25
27.
A Keynesian Liquidity Trap is characterized by
a. High Output and Low Employment
b. High Output and High Employment
c. High Unemployment and Low Output
d. High Unemployment and High Output
28.
If each observation of raw data whose variance is σ2, is increased by λ, then the
variance of the new set is
a) σ
2
b) λ
2 σ2
c) λ+ σ
2
d) λ
2 + σ2
29.
National Public Radio supports much of its programming with fund raisers. However,
only small minorities of listeners denote to NPR. The Behaviour of non-contributing
listeners is an example of
a. The miser effect
b. Free-rider problems
c. Excess burdens
d. Distribute inefficiency
30.
A national consumer magazine reported the following correlations.
▪ The correlation between car weight and car reliability is -0.30.
▪ The correlation between car weight and annual maintenance cost is 0.20.
Which of the following statements are true?
I. Heavier cars tend to be less reliable.
II. Heavier cars tend to cost more to maintain.
III. Car weight is related more strongly to reliability than to maintenance cost.
a. I only
b. II only
c. III only
d. I and II only
e. I, II, and III


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