AUAT 2024 Question Paper MA M.Sc in Economics

Entrance Exam
2024

QUESTION
PAPER

Question Booklet No. Question Booklet Series : A
AUAT — 2024
2-Year M. A./M. Sc. in Economics (P10)
( TEST BASED ON MCQ )

Full Marks : 100 Duration : 2 Hours

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AUAT-2024 /111- A

PART—I
( Core Subject )
1. Giffen paradox occurs when income 5. Arrange all the four concepts of
effect is money supply M1, M2, M3 and M4 in
the ascending order in terms of their
[A] greater than the substitute effect liquidity.
[B] equal to the substitution effect [A] M3, M2, M1 and M4
[C] less than the substitution effect [B] M1, M2, M3 and M4
[D] negative and is greater than the [C] M4, M2, M3 and M1
substitution effect
[D] M4, M3, M2 and M1

2. What is the value of Gini coefficient 6. If economy is operating at potential
for an income distribution GDP, an increase in money supply
characterized by complete equality will lead to
incomes?
[A] stagflation
[A] Zero
[B] structural inflation
[B] 0·5
[C] demand-pull inflation
[C] 1 [D] cost-push inflation
[D] ∞
7. According to Hecksher-Ohlin
theorem, a nation will export a
3. In the second stage of the law of
commodity which is
variable proportion
[A] intensive in its relatively abundant
[A] the marginal product diminishes factor
and average product increases
[B] intensive in its relatively cheap
[B] the average product diminishes factor
but marginal product increases
[C] All of the above
[C] both marginal product and
[D] None of the above
average product diminish

[D] both marginal product and 8. Monetary policy is most effective when
average product increase investment spending is
[A] interest elastic and demand for
4. Advertisement is common in which money is also interest elastic
of the following markets?
[B] interest inelastic and demand for
[A] Oligopoly money is also interest inelastic
[B] Perfect competition [C] interest inelastic and demand for
money is interest elastic
[C] Monopolistic competition
[D] interest elastic and demand for
[D] Monopoly money is also interest inelastic

AUAT-2024 /111- A 2

9. When nominal GDP is < 11,000 13. The Marginal Efficiency of Capital
(MEC) is defined as the rate of discount
crores and real GDP is < 10,000 which equates
crores, GDP deflator is

[A] 9·09 [A] the cost of capital to the market
rate of interest
[B] 90·91
[B] the market rate of interest to the
[C] 1·11 natural rate of interest

[D] 110
[C] the supply price of the capital
asset to the prospective yield of
the capital asset
10. If a linear consumption function
passes through the origin, it means
[D] the market rate of interest to the
[A] APC > MPC prospective yield of the capital
asset
[B] APC < MPC

[C] APC = MPC 14. In which case the elasticity shown by
the different points of a curve is the
[D] APC = MPC = 0 same?

11. Philips curve sets up a relation [A] A straight line curve
between
[B] A rectangular hyperbola curve
[A] taxes and inflation
[C] A downward sloping curve
[B] inflation and unemployment

[C] money supply and aggregate [D] None of the above
demand

[D] price and cost of production 15. Under monopoly the supply curve is
absent because

12. Which of the following is not correct
about the consequences of an [A] the monopolist always makes
increase in the investment? profit

[A] IS curve will shift upward to the [B] there is no entry for others
right
[C] equilibrium involves MC = MR
[B] Interest rate will increase
and MR < P
[C] The price level will rise
[D] the monopolist controls the
[D] Real output will increase supply

AUAT-2024 /111- A 3 [ P.T.O.

16. Rosenstein-Rodan propounded which 20. Adverse selection arises because of
of the following invisibilities?
[A] lack of information
[A] Lumpiness of capital
[B] wrong information
[B] Complementary of demand
[C] asymmetric information
[C] Kink in the supply of savings
[D] uncertainty about future
[D] All of the above
21. The order condition is
17. In Harrod model of growth, if
[A] a necessary and sufficient
warranted rate of growth is below
condition for identification
natural rate of growth, then it is
possible to maintain steady state
[B] a necessary but not sufficient
growth with
condition for identification
[A] continuously increasing [C] a sufficient but not necessary
unemployment condition for identification
[B] constant rate of unemployment [D] a condition that is neither
necessary nor sufficient for
[C] continuously decreasing identification
unemployment

[D] None of the above 22. What is the meaning of term
heteroscedasticity?

18. Which of the following is not related [A] The variance of the error is not
to empowerment of women? constant

[A] Gender development index [B] The variance of the dependent
variable is not constant
[B] Gender empowerment measure
[C] The errors are not linearly
[C] Gender budgeting independent of one another

[D] Gender discrimination [D] The errors have non-zero mean

19. Technical progress is said to be Hicks 23. Stratified sampling is preferred where,
capital intensive, if at constant capital
labour ratio MRTSL,K [A] the population is perfectly
homogeneous
[A] remains constant
[B] the population is not
[B] decreases homogeneous

[C] increases [C] random sampling is not possible

[D] None of the above [D] small samples are required

AUAT-2024 /111- A 4

24. Suppose that observations are 28. Sajjad flies to a place X in a Boeing at
available on the monthly bond prices a speed of 500 km/per hour and come
of 150 companies for 10 years. What back from X following the same route
type of data are these? at a speed 160 km/per hour. What is
the average speed of the journey?
[A] Cross-sectional

[B] Time series [A] 250 km per hour

[C] Panel [B] 242·4 km per hour
[D] Qualitative
[C] 262·3 km per hour

25. In a multiple regression with three [D] 272·4 km per hour
independent variables, the regression
coefficients are to be tested. Which
test would be used? 29. Fisher’s ideal index is

[A] Z-test [A] the median of Laspeyre’s and
Paasche’s index
[B] F-test

[C] T-test [B] arithmetic mean of Laspeyre’s and
Paasche’s index
[D] Chi-square test
[C] geometric of Laspeyre’s and
26. Given the two regression lines Paasche’s index
estimated from given data as under
[D] None of the above
Y = 4 + 0·4X

X = –2 + 0·9Y 30. Probability of rejecting null
Then the correlation coefficient hypothesis when it is true is called
between X and Y will be
[A] Type-II error
[A] 0·4
[B] Type-I error
[B] 0·5

[C] 0·6 [C] Standard error

[D] 0·8 [D] None of the above

27. Mean of 20 values is 45. If one of
31. Ogive helps to locate
these values is to be taken 64 instead
of 46, find the correct mean.
[A] Mean
[A] 44·1
[B] Standard deviation
[B] 43·21

[C] 46·1 [C] Mode

[D] 40 [D] Median

AUAT-2024 /111- A 5 [ P.T.O.

32. For a regression model 35. Who among the following economists
Y = β0 + β1X1 + β2 X 2 + ….. + βk Xk + ui is not associated with the
Dependency theory?
The degrees of freedom of test
statistics ‘t’, with ‘n’ observation is [A] S. Amin

[A] n – k [B] P. Baron

[B] n – k – 1
[C] Raul Prebisch

[C] n – k + 1
[D] A. G. Frank

[D] n + k + 1
36. Demographic transition refers to

MU x [A] migration of population from rural
33. If the MU for individual A is greater to urban areas
y

MU x [B] change in the male/female ratio
than the MU for individual B, it is of the population
y
possible for individual A to gain by
giving up [C] shifts from high birth and high
death rates to low birth and low
death rates
[A] Y in exchange for more X from B

[D] All of the above
[B] Y in exchange for more X from A
itself
37. Which one of the following statements
[C] Y in exchange for less X from B correctly defines the term Natural
Rate of Growth?
[D] X in exchange for less Y from A
[A] It is the minimum rate at which
output can be advanced with full
34. The Physical Quality of Life Index employment of labour
(PQLI) is based on
[B] It is the natural rate at which
[A] percentage of literacy, infant output can be advanced with full
mortality and life expectancy employment of labour

[B] adequate supply of food, water, [C] It is the maximum rate at which
shelter and health services output can be advanced with full
employment of labour
[C] provision of sanitation and
education for all [D] It is the actual rate at which
output can be advanced with full
[D] All of the above employment of labour

AUAT-2024 /111- A 6

38. The balanced growth theory sees the 42. Which sector in India has developed
primary cause of underdevelopment breaking the Colin Clark sequence of
is the development?

[A] small size of the market [A] Export sector

[B] foreign domination [B] Primary sector

[C] Secondary sector
[C] low level technology
[D] Service sector
[D] lack of savings

43. The reference period for the Neonatal
39. The optimum tariff is the tariff which Mortality Rate in India is

[A] maximizes country’s foreign trade [A] 3 months after birth

[B] minimizes import [B] 1 month after birth

[C] maximizes country’s welfare [C] 28 days after birth

[D] maximizes its earning from tariff [D] None of the above

44. Which country introduced the paper
40. A country’s offer curve will be straight
currency system first in the world?
line when its price elasticity of supply
for exports is
[A] England

[A] infinitely large [B] USA

[B] unity [C] India

[C] zero [D] Sweden

[D] negative
45. The term ‘best’ in the Best Linear
Unbiased Estimator implies the
41. Inclusive growth was given for the first
time in which plan of India? [A] maximum variance of the
estimators
[A] 9th Five-Year Plan
[B] minimum variance of the
estimators
[B] 10th Five-Year Plan
[C] average variance of the estimators
[C] 11th Five-Year Plan
[D] unbiased variance of the
[D] 12th Five-Year Plan estimators
AUAT-2024 /111- A 7 [ P.T.O.

46. Under a freely exchange rate system, 50. A tax is said to be progressive when
a deficit in a nation’s balance of the marginal rate of tax is
payments accounts is automatically
corrected by [A] greater than the average rate

[B] less than the average rate
[A] a depreciation of its currency
[C] equal to average rate
[B] an appreciation of its currency
[D] equal to marginal sacrifice
[C] domestic inflation

[D] deflation and rise in national 51. Which pair is not correct?
income
[A] First Plan (1951–1956)

[B] Third Plan (1966–1971)
47. The Stopler-Samuelson theorem
postulates that the imposition of a [C] Sixth Plan (1980–1985)
tariff by a nation causes the real
income of the nation’s [D] Tenth Plan (2002–2007)

[A] abundant factor to rise 52. Which committee was reconstituted
for reforms in tax structure?
[B] scare factor to rise
[A] Narasimham Committee
[C] scare factor to fall
[B] Chelliah Committee
[D] Both [A] and [B]
[C] Gadgil Committee

48. Who formulated the People’s Plan for [D] Kelkar Committee
India in 1944?
53. Quasi rent is a
[A] J. L. Nehru
[A] short-period phenomenon
[B] M. N. Roy
[B] long-period phenomenon
[C] Mahatma Gandhi
[C] time phenomenon
[D] Mahalanobis
[D] None of the above

49. Which of the combination of two
54. Which one of the following methods
deficits is most significant for the
can be used as an instrument of
Indian economy?
qualitative control of credit by Central
[A] Fiscal deficit and revenue deficit Bank?

[A] Bank Rate Policy
[B] Revenue deficit and primary
deficit [B] Open Market Operations

[C] Budget deficit and fiscal deficit [C] Changes in Margin
Requirements
[D] Current account deficit and fiscal
deficit [D] Variation in Reserve Ratio

AUAT-2024 /111- A 8

55. Optimum theory of population talks 59. High-powered money is the
about the relationship between
[A] bank’s reserves at the Central
[A] population and food supply bank
[B] population and overall resources
[B] money held by the banks
[C] dependent population and
working population [C] loans and advances of banks

[D] present population and growth [D] currency held by public and cash
rate of population reserves of the banks

56. Green agriculture involves 60. The distribution of burden of paying
tax is called
[A] organic farming and emphasis on
horticulture [A] sharing of tax burden
[B] avoiding pesticides, chemical
[B] shifting of the tax
fertilizer while focusing on
horticulture and floriculture
[C] incidence of a tax
[C] integrated pest management,
integrated nutrient supply and [D] tax capitalization
integrated natural resource
management
61. The Nationalization of the major
[D] emphasis on food crops, commercial banks took place in
horticulture and floriculture
[A] 1947

57. Multidimensional Poverty Index (MPI) [B] 1956
is a new index included in
[C] 1969
[A] World Human Report

[B] Human Development Report [D] 1980

[C] World Development Report
62. According to Mrs. Robinson at the
[D] All of the above stage of ‘Golden Age’

[A] Capital growth rate > labour
58. The biggest holder of Government of growth rate
India dated securities is the
[B] Capital growth rate = labour
[A] Reserve Bank of India
growth rate
[B] Employees Provident Fund
[C] Capital growth rate < labour
[C] Commercial Bank growth rate

[D] None of the above [D] Capital growth rate > 1

AUAT-2024 /111- A 9 [ P.T.O.

63. A bag contains 3 red balls and 4 black
2x 5 6 −2
balls. A ball is drawn at random from 67. If =
the bag. Find the probability that the 8 x 7 3 , find the value of x
ball drawn is black.
[A] ±4
4
[A] [B] ±6
7
[C] ±8
3
[B] [D] ±3
7
1
[C]
7
p 2
3 68. If A =  and |A3| = 125, find the
[D] 2 p 
4
value of ‘p’
dy [A] ±5
64. If y = tan2 x , find
dx
[B] ±3
[A] 2
2tan x sec x
[C] ±2
[B] 2
2 tan x sec x
[D] ±6
[C] 2 tan x sec x
[D] 2 tan x 69. A single card is drawn at random from
a standard deck of 52 playing cards.
What is the probability that the card
dy is either a red card or an ace?
65. y = 1 − 9x , find
dx
−9 1
[A]
[A] 2
2 1 − 9x
−2
[B] 2
1 − 9x [B]
13
−2 1 − 9 x
[C]
9 7
9 [C]
13
[D]
−2 1 − 9x
1
[D]
x 13
66.  a dx
[A] x ln a + c 70. A group consists of 4 girls and 7 boys.
In how many ways can a team of 5
x members be selected, if the team has
[B] +c
ln(a ) no girls?
[A] 21
ax
[C] +c [B] 42
ln(a )
[C] 12
x
[D] a ln(a ) + c [D] 84
AUAT-2024 /111- A 10

PART—II
( Islamic History and Culture, General English & General Knowledge )
71. Revelation to Prophet Muhammad 76. Prophet Muhammad (PBUH) was born
(PBUH) started with the word ‘Iqra’ in
which means
>¤ã ³åÒà´¶ƒ (Îà.)-&¹ \@µÑ‚à> Òº
>¤ã ³åÒà´¶ƒ (Îà.)-&¹ A¡àìá "¤t¡ão¢ šøt¡¸àìƒÅ Ç¡¹ç¡
[A] Jordan
ÒìÚìá ‘ÒüA¡¹à’ Ŧ [ƒìÚ, ™à¹ "=¢ Òº
[B] Jeddah
[A] pray
[B] prostrate [C] Mecca
[C] read [D] Medina
[D] write
77. In Islam, legal matters are part of
72. Which of the following cities is not a
Òüκàì³ "àÒü> Î}yû¡à”z [¤ÈÚà[ƒ A¡ãìι "”z®¢å¡v¡û¡?
sacred city for Muslims?
[A] Fikr
[>ì´•¹ ëA¡à>ô ÅÒ¹[i¡ ³åÎ[º³ìƒ¹ A¡àìá šåo¸Ñ‚à> >Ú?
[A] Jerusalem [B] Zikr
[B] Mecca [C] Shariah
[C] Cairo [D] Taharat
[D] Medina
78. Hajj is performed in the month of
73. What does Islam say about acquiring
knowledge?
ë™ ³àìÎ Ò\ šà[ºt¡ ÒÚ, t¡à Òº
`¡à> "\¢ì>¹ ¤¸àšàì¹ ÒüκೠA¡ã ¤ìº? [A] Dhul Qadah
[A] Obligatory for men only [B] Dhul Hijjah
[B] Obligatory for women only [C] Shaban
[C] Obligatory for rich people only [D] Shawwal
[D] Obligatory for all
79. Rashidun Caliphate lasted for _____
74. Which one is not part of the five pillars years.
of Islam?
¹à[Ńå> [Jºàó¡ìt¡¹ γÚA¡àº _____ ¤á¹¡ú
[>ìW¡¹ ëA¡à>[i¡ Òüκàì³¹ še¡Ñzì´±¹ ³ì‹¸ "”z®¢å¡v¡û¡
[A] 20
>Ú?
[B] 30
[A] Profess Allah as the only God
[B] Pray five times daily [C] 40
[C] Make a pilgrimage to Mecca [D] 50
[D] Read the Qur’an everyday
80. Who accompanied Prophet
75. The divine book revealed to Prophet Muhammad (PBUH) during migration?
Muhammad (PBUH) is ëA¡à>ô ¤¸[v¡û¡ [Ò\¹ìt¡¹ Î³Ú >¤ã ³åÒà´¶ƒ (Îà.) ëA¡ ÎU
>¤ã ³åÒà´¶ƒ (Îà.)-&¹ [>A¡i¡ "¤t¡ão¢ 'Åã Kø씂¹ >à³ [ƒìÚ[áìº>?
Òº [A] Abu Hurayra
[A] Torah
[B] Hazrat Ali
[B] Qur’an
[C] Khadija
[C] Injeel
[D] Zabur [D] Abu Bakr

AUAT-2024 /111- A 11 [ P.T.O.

81. What are the companions of the 86. Which gates are closed during the
Prophet called? month of Ramadan?
>¤ã¹ ÎàÒà¤ã샹 A¡ã ¤ºà ÒÚ? ¹³\à> ³àìÎ ëA¡à>ô ƒ¹\àP¡ìºà ¤Þê¡ =àìA¡?
[A] Sahabah [A] Gates of Hell
[B] Friends [B] Gates of Heaven

[C] Ansar [C] Gates of Light
[D] Gates of Mosque
[D] None of the above
87. What is the Shari’ah?
82. What to say when anyone sneeze?
ŹãÚt¡ A¡ã?
ëA¡l¡ü Òòà[W¡ [ƒìº A¡ã ¤ºìt¡ ÒÚ? [A] A religious school
[A] Yarhamukallah [B] A native dance
[B] Ya Allah [C] A style of calligraphy
[C] Alhamdulillah [D] A form of Muslim law
[D] La Ilaha Illallah
88. The Kabah is located in
83. What does Salat mean? A¡à¤àQ¹ _____ ët¡ "¤[Ñ‚t¡¡ú
Îàºàt¡ ³àì> A¡ã? [A] Mecca
[B] Medina
[A] Fasting
[C] Istanbul
[B] Giving to the poor
[D] Iraq
[C] Praying
89. Are women allowed to go to mosques
[D] Pilgrimage to offer prayers?

84. What is the meaning of ³[Òºà샹 [A¡ ³Î[\ìƒ >à³à\ šØl¡à¹ ">å³[t¡ ëƒ*Úà
‘Astaghfirullah’? ÒÚ?
[A] No, women are not allowed in the
‘"àÑzàK[ó¡¹ç¡ÀàÒ’-&¹ "=¢ A¡ã?
mosques
[A] I ask Allah for Forgiveness [B] Women can only listen to prayers
[B] We are for Allah [C] Yes, women can offer prayers in
mosques, provided there are
[C] Accept our prayer
separate facilities and provision
[D] None of the above [D] Women can pray in the mosques,
standing right beside the men
85. What is the first duty to become a
Muslim? 90. In which language, was the Holy
Qur’an revealed?
³åκ³à> Ò*Ú๠šø=³ A¡t¢¡¤¸ A¡ã?
‘š[¤y A塹"à>’ ëA¡à>ô ®¡àÈàÚ "¤t¡ão¢ ÒìÚ[áº?
[A] Salat
[A] Arabic
[B] Sawm
[B] Greek
[C] Hajj
[C] Latin
[D] Shahadah
[D] Hebrew
AUAT-2024 /111- A 12

91. Fill in the blanks with the appropriate 96. In which of the following States,
words. Rawatbhata Nuclear Plant is
The _____ workers will come forward situated?
and protest against the _____ of the ¹à*Úàt¡®¡ài¡à šà¹³ào[¤A¡ ëA¡@ƒø [>´•[º[Jt¡ ëA¡à>ô ¹àì\¸
organization.
"¤[Ñ‚t¡?
[A] deprived, issues
[A] Rajasthan
[B] depraved, policies
[B] Gujarat
[C] derived, interests
[C] Madhya Pradesh
[D] depreciated, management
[D] Tamil Nadu

92. Find the word opposite in meaning to
97. Who invented the railway engine?
the underlined word.
Rahim’s foolishness will drive me to 빺*ìÚ Òü[g> ëA¡ "à[¤ÍHþ๠A¡ì¹>?
despair. [A] Charles Babbage
[A] Hopefulness [B] Isaac Newton
[B] Desperation [C] James Watt
[C] Destruction [D] George Stephenson
[D] Repulsed
98. Who is said to be the father of the
93. Fill in the blanks with the correct Indian Space Programme?
alternatives. ®¡à¹t¡ãÚ ³ÒàA¡àÅ A¡³¢Îè[W¡¹ \>A¡ A¡àìA¡ ¤ºà ÒÚ?
The farmer placed his shovel _____ the
[A] Abdul Kalam
wall and sat _____ to rest.
[B] Rakesh Sharma
[A] beside, over
[C] Vikram Sarabhai
[B] against, down
[D] Homi Bhabha
[C] by, along
[D] on, in
99. Which of the following was Indian’s
first mapping satellite?
94. Identify the synonym of the word
‘ABJECT’. [>ìW¡¹ ëA¡à>[i¡ ®¡à¹ìt¡¹ šø=³ ³¸à[š} θàìi¡ºàÒüi¡ [áº?
[A] Outrageous [A] CARTOSAT-1
[B] Fantastic [B] Aryabhata
[C] Devastated [C] Bhaskara-II
[D] Deplorable [D] INSAT-1A

95. Fill in the blank with the appropriate 100. The super computer ‘PARAM’ was
collective noun. developed by
A _____ of cards. Îåšà¹ A¡[´šl¡üi¡à¹ ‘PARAM’ ít¡[¹ A¡ì¹>
[A] pile [A] TATA
[B] bundle [B] IIT-Kharagpur
[C] deck [C] IIT-Kanpur
[D] bunch [D] C-DAC
AUAT-2024 /111- A 13 [ P.T.O.

SPACE FOR ROUGH WORK

AUAT-2024 /111- A 14

SPACE FOR ROUGH WORK

AUAT-2024 /111- A 15 [ P.T.O.

SPACE FOR ROUGH WORK

AUAT-2024 /111- A 16 NNN24(141)—15×4

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