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  #1  
18th August 2014, 12:08 PM
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Previous year question papers of SET Economics in PDF format

Will you please share with me the previous year question papers of SET Economics in PDF format?
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  #2  
18th August 2014, 01:36 PM
Super Moderator
 
Join Date: Apr 2013
Re: Previous year question papers of SET Economics in PDF format

As you want to get the previous year question papers of SET Economics in PDF format so here it is for you:

Some content of the file has been given here:

1. ‘Determining people’s preferences
from observing their behaviour’ is
the basis of :
(A) Indifference theory
(B) Marshallian theory
(C) Composite demand theory
(D) Revealed preference theory
2. Marshallian demand analysis :
(I) Assumes constant marginal
utility of money.
(II) Predicts unit price elasticity of
demand for commodity.
(A) (I) is correct but not (II)
(B) (II) is correct but not (I)
(C) Both (I) and (II) are correct
(D) Both (I) and (II) are wrong
3. If production function exhibits
constant returns to scale the total
cost curve would be :
(A) Positively sloping linear
(B) Negatively sloping linear
(C) Positively sloping non-linear
(D) Negatively sloping non-linear
4. (I) Marginal rate of technical
substitution measures
curvature of an isoquant.
(II) Elasticity of factor substitution
measures slope of an isoquant.
(A) (I) is correct but not (II)
(B) (II) is correct but not (I)
(C) Both (I) and (II) are correct
(D) Both (I) and (II) are wrong
5. Suppose monopolist faces two
markets with different price
elasticities of demand at each price.
The marginal cost of production is
zero. The discriminating monopolist
in each market will charge prices
where elasticity of demand is :
(A) equal to 0
(B) equal to 1
(C) > 1
(D) < 1
6. Let long run marginal cost be
denoted by LMC and long
run average cost be denoted by
LAC :
(I) If (LMC/LAC) < 1, then there
are economies of scale.
(II) If (LMC/LAC) > 1, then there
are diseconomies of scale.
(A) (I) is correct but not (II)
(B) (II) is correct but not (I)
(C) Both (I) and (II) are correct
(D) Both (I) and (II) are wrong
7. Which is not a correct prediction of
Cournot model ?
In equilibrium :
(A) Industry profits are maximum
(B) Profits of individual firms are
maximum
(C) The output is lower and price
is higher than under perfect
competition
(D) The output is higher and
price is lower than under
monopoly
8. A utilitarian judges allocation by
their effect on :
(A) The worst off members of
society
(B) The rich members of society
(C) Multiplication of individual
utilities
(D) Sum of individual utilities
9. Suppose Y = 1000, transfers (T) =
200 and the tax rate (t) = 0.20, the
disposable income would be :
(A) 1200
(B) 800
(C) 1000
(D) 1400
10. Suppose the economy is in
equilibrium in liquidity trap.
Government increases its
exogeneous investment by Rs. 1,000.
If the marginal propensity to
consume is 0.8, equilibrium income
would increase by :
(A) 1000
(B) 500
(C) 800
(D) 200

For more detailed information I am uploading PDF files which are free to download:

Previous year question papers of SET Economics in PDF format






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