Economics (M.Phil./Ph.D.) 2016 Panjab University Entrance Exam With Answers

Economics (M.Phil./Ph.D.) Entrance Exam at Panjab University - MCQs with Answers & Previous Year Papers

1. Which of the following is the ultimate equation derived by J. Dussenberry in his Relative Income Hypothesis?

2. Economists like Singer, Kindleberger, Streeten have expressed their views in favour of the:

3. If cov. (x,y) = covariance between X and Y, σx = Standard deviation of variable x and σy = standard deviation of variable y, then which of the following is the correct formula for Karl Pearson’s Coefficient of Correlation?

4. The New Agricultural Policy promises:

5. If the value of MPC is 0.75, what will be the value of the tax-multiplier?

6. Price elasticity of a giffin good is:

7. Who defines development as a discontinuous and spontaneous change in the stationary state which forever alters and displaces the equilibrium state previously existing?

8. Which term refers to the simultaneous sale of spot currency for the forward purchase of the same currency, or the purchase of spot currency for the forward sale of the same currency?

9. The area where the members remove trade barriers among themselves but keep their separate national barriers against trade with the outside world, is known as:

10. If all the tax-payers have to pay 10% of their income as tax, it is a case of:

11. Adverse Selection arises because of:

12. Accelerator is most closely related to:

13. Margin requirement specified under which instruments of Monetary Policy:

14. The mark up price will include:

15. When the monopolist is able to sell each separate unit of the output at a different price, it is called price discrimination of:

16. Labor deepening technical progress increases the MPL:

17. Optimum capacity is also known as:

18. If the two regression lines are as:

19. If coefficient of skewness is 0.64; Mean of X= 82 and σ is 50, the value of mode is

20. A model of Oligopoly in which one business sets output before the other business do is:

21. Endogenous growth models have been developed by:

22. To test the stationarity of the time series analysis, the following test will be used:

23. The cost incurred by the firm in hiring labour is called as:

24. Which one of the following is short period debt meant to meet current needs, that is filling temporary gap in budgets?

25. The value of foreign trade multiplier will be high under the condition when:

26. The optimum capital stock is achieved when the user cost of capital is equal to:

27. Multi-dimensional poverty index is a new index to be included in:

28. Grants from Centre to State under the recommendations of Finance Commission are known as:

29. Input-output technique was invented by:

30. When income effect become stronger than substitution effect, the labor supply curve will:

31. The technique used to estimate the over identified system of simultaneous equations is:

32. Green agriculture involves:

33. According to Leontief’s study, the USA which a capital rich country:

34. GNP at factor cost is equal to:

35. If the slope of AC curve is positive then

36. National income is identically equal to:

37. Regional group BIMSTEC stands for:

38. Non-tax revenue of Union Government largely comprises:

39. WPI is calculated by:

40. Full Convertibility of a rupee means:

41. Swarna jyanti Shahri Rozgar Yojana has been replaced by:

42. Recession in the market implies:

43. The sector having largest contribution in Gross Domestic Savings in India are:

44. Which of the following is/ are the stages of demographic transition?

45. Under No circumstances a producer will operate in:

46. Dumping is:

47. A marginal firm is one which will be:

48. By the term liquidity ratio in case of commercial banks, we mean the ratio maintain by them between:

49. Profits differs in its nature from the income of other factors of production because it is:

50. Match list I with list II: