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29th March 2016, 04:20 PM
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Join Date: May 2012
Re: Gokhale Institute of Economics and Political Science Entrance Exam

Gokhale Institute of Politics and Economics (GIPE), Pune, is one of the most seasoned research and preparing organizations in Economics in the nation, research in the financial measurements of the Indian culture, and preparing to scientists in this area being its essential goals.

Affirmation Rules and Procedures for Masters Programs

(an) Eligibility Condition:

All the three projects are open for every one of the graduates. Understudies burning of admission to any of the aforementioned projects ought to have no less than 50.00 for each penny marks in the total (45.00 for each penny for the held class candidates)at the graduate level. Consent to show up in the Entrance Examination does not at all demonstrate responsibility with respect to the Institute to perceive an applicant's capacity for affirmation. They will be considered for confirmation on the premise of their execution in the Entrance Examination.

(b) Procedure:

Affirmation for all the three Masters Programs will be given entirely on the premise of imprints scored in the Entrance Examination. Understudies burning of admission to the M.A.Programmes are required to fill the endorsed application structure for the passageway examination.The recommended application structure is accessible on our site

(c) Entrance Examination:

The Entrance Examination will have the accompanying three segments: (an) Analytical Ability, (b) Knowledge of Elementary Economics, and (c) Aptitude for Statistics and Mathematics.

Please find the sample questions for the entrance examination as given below:

Section A

(1) Last year a small statistical consulting company paid each of its five statistical clerks $22,000, two statistical analysts $50,000 each, and the senior statistician/owner $270,000. The number of employees earning less than the mean salary is:
a) 7 c) 4
b) 5 d) 6

(2) If A & B are independent, P(A) = 0.4 and P(B) = 0.6 then P(A U B) is,
a) 0.24
b) 0.76
c) 0.6
d) 1

Section B

(1) 2 men and 3 women can do a piece of work in 10 days while 3 men and 2 women can do the same work in 8 days. In how many days can 2 men and 1 woman do the same work?
a) 1
2
1
2
b) 12 c) 1
4
1
2
d) 10

(2) A complete cycle of a traffic light takes 60 seconds. During each cycle the light is green for 25 seconds, yellow for 5 seconds, and red for 30 seconds. At a randomly chosen time, the probability that the light will not be green is
a) 1/4 b) 7/12 c) 1/3 d) 5/12

(3) Jayesh is taller than Mohan but shorter than Ashok. Shashi is taller than Mohan but shorter than Vijay. Who among them is the tallest?
a) Ashok c) Either Vijay or Ashok
b) Vijay d) None of these

Section C

(1) If both income and substitution-effects are strong, this region of the demand curve must be
a) relatively price elastic
b) relatively price inelastic
c) perfectly inelastic
d) unit elastic

(2) Total cost function of a firm is given below:
TC = 200Q – 9Q2
+ .25 Q3
The minimum possible marginal cost is
a) Rs. 92
b) Rs.96
c) Rs.120
d) Rs.126

(3) The demand for spring water is given by P = 1000- Q. Assume that the cost of production to be zero. What is the equilibrium price for the industry if there are four firms in the industry?
a) Rs. 800
b) Rs. 200
c) Rs.100
d) Rs.1000
(4) In the IS curve, consumption, government expenditure, exports, and imports are a function of
a) expectations.
b) current output.
c) potential output.
d) the interest rate.

(5) In an economy aggregate monetary resources are equal to the sum of
i) a) RBI currency notes in circulation iii)b) Time deposits with banks
ii) c) Rupee coins and notes and small coins in circulation
iv)d) Demand deposits with banks and other deposits with RBI
e) f) i)a) Both (i) and (ii) above ii)c) Only (i) and (ii) and (iii) above
iii) b Only (ii) and (iii) and (iv) above iv)d) All of (i) and (ii) and (iii) and (iv) above
Address:

GOKHALE INSTITUTE OF POLITICS AND ECONOMICS
BMCC ROAD, DECCAN GYMKHANA,
PUNE - 411004
MAHARASHTRA
INDIA
PHONE: +91-20-25650287/25654288/25654289/25675008/25661367/25661369/25661370
FAX: +91-20-25652579
Email: registrar@gipe.ac.in / gokhaleinstitute@gipe.ac.in


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