CUSAT CAT 2019 Question Paper Economics

CAT – 2019 ECONOMICS

019
2
S T
E
1. T
A commodity, the price of which has fallen, but is expected to fall further, will present a
demand curve N
O
(A) Regressive atSthe
SI lower end
(B) Regressive Iat the upper end
(C) Kinked inMthe middle
D
M
A sloping to right
(D) Downward

N
O
TheM

O
2. full capacity growth rate in Harrod-Domar Model is also known as
M

SA
T
CO (A)
(B)

C T E
Actual growth rate
Warranted growth rate
(C) Natural growth rate

CU
T
(D) Expected growth rate

A N 19
S IO
3. Cross demand is the change in the quantity demanded to a given commodity in response
to the
2 0
(A)
U
C IS
(B)
(C) S E
T
Change in the utility of another commodity
S
Change in the price of another commodity
T
Change in the nature of another commodity
(D)
N
Change in the size of another commodity

O
4.
M IS
S I
The firm producing at the minimum point of the AC curve is said to be

(A)
D M
Operating under diminishing cost

(B) Making optimum use of plant capacity
(C)
A
Operating at excess capacity
(D)
N
Operating under increasing costs
O
5. M
The vertical distance between TVC and TC is equal to
M
(A)
(B)
MC
AVC C O
(C) TFC
AT
(D)
S
None of the above

CU

6. ‘Extension of demand’ means

(A) 019
More quantity demanded at the lower price
(B) 2
More quantity demanded at a higher price
(C) T
More quantity demanded at the same price
S
E
(D) None of the above
T
N
O
7. I
The concept of marginal utility is useful for explaining diamond-water paradox, and this
S
statement is
IS
M
(A)
(B)
D
M
Absolutely correct
A
Partially correct

(C) N
Absolutely wrong
(D) O
None of the above
M

S
8.
AT
M

(A)
O E
COWhich of the following is an implicit cost of production?
C T
Wages of the labour

CU
T
(B) Charges for electricity

A N
(C) Interest on owned money capital
(D) Payment of raw materials
19
S IO 2 0
9. Which of the following is not a characteristic feature of the Phillips curve?

ST
C IS E
(A) The price expectations are adaptive
(B)
T
The unemployment rate, when money wage stabilities is 5.5%
(C)
N
The price expectations are static
(D)
O
There is a loop around Phillips curve

M IS
S I
D
10. Functional unemployment is also known as
M
(A) Disguised unemployment
(B)
A
Turnover unemployment
(C)
N
Cyclical unemployment
(D)
O
Structural unemployment

M
11. M
The ordlinalist school states that the utility

(A) Can be measured and also C O
can be stated in terms of order of preferences
(B) Cannot be measured, T but can be stated in terms of order of preferences
(C) Cannot be measured,
S A but can be stated in terms of preferences

CU
(D) Cannot be measured but only can be compared with a different situation

12. The absolute slope of the budget line is

(A) The rate of substitution 019
(B) The rate of decay 2
(C) The rate of growth
S T
E
(D) Always negative
T
N
O
13. I
The measurement of cross elasticity will help to study whether two goods are
S
(A) Complements IS
M
D
M
(B) Substitutes
A
(C) Complements or substitutes

N
(D) Complements and substitutes
O
M
14.

SA
T
O
M
O E
Marginal product can be defined as
C (A) Change in output divided by input
C T
(B) Change in output divided by change in input

CU
T
(C) Output divided by change in input

N
(D) Change in input divided by change in output

15. A
S IO
Average revenue equals
2 0 19
(A)
(B)
(C)
(D)
Profit

C IS
Price
Income
None of the above T E ST
N
O
16.
M S I
Among the following, which is a fixed cost item?
IS
(A)
D M
Material cost

(B) Wages and salaries
(C) Salaries
A
(D)
N
Input cost

O
17. Breakeven point can be defined asM
(A) Fixed cost + contribution O
M
(B) Fixed cost – contributionC

A T
(C) Fixed cost ÷ contribution
(D) Fixed cost × contribution
S
C U

18. Pareto Optimality criteria is associated to

(A) Family welfare 019
(B) Child welfare 2
(C) Community welfare
S T
E
(D) Welfare of the poor
T
N
O
19. I
Rectangular hyperbola is associated to
S
(A) Measurement ISof cross elasticity
M of income elasticity
D
M
(B) Measurement
A of average cost
(C) Plotting

N of unitary elasticity
(D) Plotting
O
M
20.

SA
T
O
M
O E
Classical economists believed in
C (A) Full employment, price flexibility, fixed interest rate, and wage flexibility
C T
(B) Under employment, price flexibility, interest rate flexibility, and wage flexibility

CU
T
(C) Full employment, price flexibility, interest rate flexibility and wage flexibility

N
(D) Full employment, price flexibility, interest rate flexibility and under production

21. A
S IO 2 0 19
The term optimum allocation on consumer’s expenditure on various goods and services is

used in

ST
C IS E
(A) Law of Demand
(B) Giffen Paradox
T
(C)
N
Law of Equi-Marginal Utility
(D)
O
Law of Diminishing Marginal Utility

M IS
S I
D
22. At the point of inflexion, the marginal utility is
M
(A) Increasing
(B) Decreasing
A
(C) Maximum
N
(D)
O
Negative

M
23. Arrow impossibility theorem impliesM

(A) Any social decision rule C
O
should not violate the requirements of rational choice
T
(B) Any social decision rule must violate at least one of the requirements of rational
choice
SArule must violate all the requirements of rational choice
CUto violate social decision rules
(C) Any social decision
(D) It is impossible

24. The concept of multiplier was introduced for the first time by

(A) R.F. Kahn 019
(B) J.M. Keynes 2
(C) R.F. Harrod
S T
E
(D) V.K.R.V. Rao
T
N
O
25. I
Nurkse was of the opinion that developing countries will have serious and adverse effect
S
IS
on their balance of payments due to
M
(A)
(B)
D
M
Backwash effect
A
Demonstration effect

(C) N
Multiplier effect
(D) O
Spread effect
M

S
26.
AT
M

(A)
O
A.M. Kushro E
COConsumption tax was recommended by
C T
CU
T
(B) A.K. Sen

A N
(C) Nicholas Kaldor
(D) J.R. Hicks
19
S IO 2 0
27. Revenue receipt minus total expenditure is equal to

ST
C IS E
(A) Revenue deficit
(B) Capital deficit
T
(C) Fiscal deficit
N
(D) Budgetary deficit
O
M IS
S I
D
28. Who has propounded the theory of unbalanced growth?
M
(A) E. Domar
(B) A.K. Sen
A
(C)
N
A.O. Hirshman
(D)
O
W.A. Lewis

M
29. Mon
The growth of population has a bearing

(A) Natural rate of growth C
O
(B) Actual rate of growthT

(D) All of the above S
A
(C) Warranted rate of growth

CU

30. To break the vicious circle on the demand side of capital, Nurkse has pleaded for

(A) Balance growth 019
(B) Unbalanced growth 2
(C) Agriculture growth
S T
E
(D) Industrial growth
T
N
O
31. I
Marginal Propensity to Save (MPS) is the ratio of
S
IS
(A) Change in consumption to change in savings
Msavings to change
M
Dto change in income in income
(B) Change in
A
(C) Savings

N to income
(D) Savings
O
M
32.

SA
T
O
O
IfMthe income of a household is increased by Rs10000 and consumption is increased by

E
C Rs7500, calculate, MPS
(A) 0.8
C T
CU
T
(B) 0.2

A N
(C) 0.6
(D) 0.4
19
S IO 2 0
33. Among the following, who is associated to National Income estimation in India?

ST
C IS E
(A) C R N Rao
(B) V K R V Rao
T
(C) Hanumantha Rao
N
(D) T S Papola
O
M IS
S I
D
34. National income at constant prices can be defined as
M
(A) (National income at current price ÷ price index for the current year) × 100
(B)
A
(National income at current price ÷ price index for the base year) × 100
(C)
N
(National income at base year price ÷ price index for the current year) × 100
(D)
O
(National income at current price ÷ price index for the middle year ) × 100

M
35. Recently (2018) a major debate aroseM among the economists in India, focusing on

(A) Methodology of measuring C Oinflation
A T
(B) Methodology of measuring development

S
(C) Methodology of computing GDP

CU
(D) Methodology of computing velocity of money circulation

36. Keynes theory states that, a rise in aggregate demand leads to

(A) A rise in income 019
(B) A rise in equilibrium income 2
(C) A rise in aggregate supply
S T
E
(D) A rise in equilibrium supply
T
N
O
37. I
Among the following, who is more associated to the term “relative income”?
S
(A) K M Kenyes IS
M
D
M
(B) James Dusenberry
(C) MiltonA Friedman

N
(D) Arrod
O
M
38.

SA
T
O
M
O
C (A) GDP growth rate
C T E
The best indicator of economic growth is

(B) Per capita growth rate

CU
T
(C) Employment growth rate

N
(D) None of the above

39. A
S IO
Simon Kuznets curve relates
2 0 19
(A)
(B)
(C)
(D)
U
C IS S T
Income and economic growth
S
Income inequality and economic growth

T E
Inequality and economic growth
Income inequality and poverty
N
O
40.
M S I
Solow’s growth model emphasise more on
IS
(A)
D Technology
M
(B) Human capital
(C)
A
Environment
(D)
N
Fund flow

O
41. M
Which one of the following is not an assumption of Neo-classical’s growth theory?
M and factor markets
O
(A) Perfect competition in commodity
C marginal revenue productivity
(B) Factor payment equal their
(C) Capital – output ratioT
(D) Full employment inA the economy
S
CU

42. The rate of growth of National Income is equal to

(A) 019
National Income/ Growth of Population
(B) 2
Investment Ratio/Capital Output Ratio
(C) T
Capital Output Ratio/Investment Ratio
S
E
(D) None of the above
T
N
O
43. I
Octroi is collected by
S
IS
(A) State government
M
D
M
(B) Central government
(C) LocalAgovernment

N of the above
(D) All
O
M
44.

SA
T
O
M
C (A) EXIM Bank O
C T E
Which of the following organization provides guarantee to exports?

(B) Export Loan Guarantee Corporation

CU
T
(C) RBI

N
(D) Commerce Ministry

45. A
S IO 2 0 19
The taxes which will be subsumed into GST does not include which of the following?

(A)
(B)
(C)
(D)
U
C IS S
Central excise duty
Services tax

T E
Additional customs duty
Corporate tax
ST
N
O
46.
M S I
Which of the following is not helpful in controlling money supply?
IS
(A)
D M
Free market policy

(B) CRR
(C) Bank rate
A
(D)
N
Change in margin requirement

O
47. M
‘ABC index’ announced by the government is associated with
M
(A)
(B)
Agriculture
Communication C O
(C)
(D)
Health
Education AT
S
CU

48. Which one of the following does not grant any tax rebate?

(A) National Savings Certificate 019
(B) Indira Vikas Patra 2
(C) National Savings Scheme
S T
E
(D) Public Provident Fund
T
N
O
49. I
Human Development Report is published by
S
(A) World BankI
S
(B) UNDP M
A
(C) UNIDO
D
M
N
(D) UNESCO
O
M
50.

SA
T
O
M
O E
Gender Development Index developed in………………defines ………………
C (A) 2005, gender equality
C T
(B) 1995, sex discrimination

CU
T
(C) 2005, gender inequality

N
(D) 1995, gender equality

51. A
S IO
WTO replaced
2 0 19
(A)
(B)
(C)
(D)
U
C IS S
GATE
GATT
GAT
G7 T E ST
N
O
52.
M S I
Among the following, which is a best example for special assessments?
IS
D M
(A) Agreement by a person to donate his land to government after his death

(B) Imposition of tax on land because of the appreciation of its value due to the
A
starting of a factory in the nearby area

N
(C) Increase of tax on a person for polluting environment by starting a pig farm

O
(D) Imposition of tax on the income of a person because he is comparatively the
richest person in his residential area
M
M
53. th
O
Chairman of the 15 Finance Commission
C
(A) N D Tiwari
(B) Alok Varma A T
(C) Neetheesh Kumar S
(D) N K Sing
C U

54. First country to introduce GST

(A) India 019
(B) Nepal 2
(C) France
S T
E
(D) USA
T
N
O
55. I
The total liability of the monetary authority of the country is called
S
(A) High powered IS money
M
D
M
(B) Money supply
(C) DemandA for money

N burden
(D) Currency
O
M
56.

SA
T
O
M
O E
A recent (2018) controversy relating to RBI directly affects the………………..RBI
C (A) Foreign exchange reserves
C T
(B) Money supply

CU
T
(C) Autonomy

N
(D) Freedom

57. A
S IO 2 0 19
Among the following, which is a part of capital market?

(A)
(B)
(C)
(D)
UPNB
CSB
UCO
S
ICICI

C IS T E ST
N
O
58.
M S I
Which type of price discrimination happens in international trade?
IS
(A)
D First degree
M
(B) Second degree
(C)
A
Third degree
(D)
N
Fourth degree

O
59. Exchange rate is the ratio between M
M
(A) Two foreign currencies O
C one
(B) One domestic currency and foreign currency
(C) One domestic currency
(D) Two closely relatedA
T and any of the foreign currencies
currencies and US dollar
S
CU

60. ‘ISO’ stands for

(A) International Standards Organization019
(B) International Standard Organization2
(C) T
International Organization for Standards
S
E
(D) International Statistical Organization
T
N
O
61. I
Among the following which is more associated to international trade
S
(A) IMF IS
M
D
M
(B) EEC
(C) A
UNCTAD

(D) N
UNO
O
M
62.

SA
T
O
M
C (A) 1945
(B) 1946
O
C T E
World Bank was established in the year

CU
T
(C) 1948

N
(D) 1944

63. A
S IO
What is Sustainable Development?
2 0 19
(A)
(B)
(C)
(D)
U
C IS S T
Development strategies giving concern for future needs also
S
Development strategies giving concern for poor people

T E
Development strategies giving equal importance to all sectors
Development strategies giving importance for women and children
N
O
64.
M S I
“Montreal Protocol” is more associated to
IS
(A)
D M
Climatic change

(B) Environment
(C)
A
Ozone layer
(D)
N
Sustainable development

O
65. M
Among the following, which conference is more associated to environment?
M
(A)
(B)
Uruguay
Stockholm C O
(C)
(D)
Doha
Washington AT
S
CU

66. One of the important reasons for recent floods in Kerala is

(A) Economic reforms 019
(B) Decentralization 2
(C) Over exploitation of nature
S T
E
(D) Under exploitation of nature
T
N
O
67. I
While aiming at “competitive agriculture”, one requirement is to
S
IS
(A) Encourage domestic production
(B) RegulateM
D
M
prices
A sanitary and phyto sanitary conditions
(C) Maintain

(D) GiveN priority for food crops
O
M
68.

SA
T
O
M
O
C per cent in 2018
(A) 10- 20
C T E
In the case of small scale industries in India, capacity utilization is only ………………

CU
T
(B) 20-30

A N
(C) 30-40
(D) 40-50
19
S IO 2 0
69. Basel Norms are applicable in the case of

ST
C IS E
(A) Banking sector
(B)
T
Small scale industries sector
(C) Health sector
N
(D) Education sector
O
M IS
S I
D
70. Among the following, which is a serious concern for public sector banks in India?
M
(A) Autonomy
(B) NPA
A
(C) CRR
N
(D)
O
Branch expansion

M
71. GDP stands for M
(A) Growth Domestic PercentC O
T
(B) Growth Domestic Process
A
S Product
(C) Gross Domestic Product

U
(D) General Development
C

72. Expansion of RIDF

(A) Rural Industries Development Fund 019
(B) Related Industries Development Fund2
(C) T
Rural Infrastructure Development Fund
S
E
(D) Road Infrastructure Development Fund
T
N
O
73. I
Sex ratio in India, according to census 2011
S
(A) 940 IS
M
D
M
(B) 941
(C) 942 A

(D) N
943
O
M
74.

SA
T
O
M
O
C (A) Economic Survey
C T
(B) Economic Review E
The details of Kerala economy will be available from

CU
T
(C) Economic Analysis

N
(D) Economic Referendum

75. A
S IO 2
A sound research should be based on 0 19
(A)
(B)
(C)
(D)
U
C IS S
Past experience
Detailed discussions
Hypothesis
All of the above T E ST
N
O
76.
M S I
A number is called rational
IS
D M
(A) If it can be written in the form of p/q, where p and q are integers

(B) If it can be written in the form of p/q, where p and q are integers and q is not equal
to 0
A
N
(C) If it can be written in the form of p/q, where p and q are integers and p is not equal
to 0
O
(D) If it can be written in the form of p/q, where p and q are integrals
M
77.
M
In the case of a fraction, numeratorOdenotes

(A) Level of the fraction T
C
(B) Size of the fractionA
(C) Peak of the fractionS
C U
(D) Width of the fraction

78. ½ ÷ 3/2 equals

(A) 0.33 019
(B) 0.75 2
(C) 0.50
S T
E
(D) 3
T
N
O
79. I
When variables are raised to power, their operations are governed by
S
S
(A) Probability Ilaws
M theorem
D
M
(B) Central limit
(C) LawA of indices

N theorem
(D) Binomial
O
M
80.

SA
T
O
M
O E
In 2000, the production in Steel Limited was 350000 metric tons. This has grown to
C 420000 metric tons in 2001. What is the annual percentage growth rate of production?
(A) 10
C T
CU
T
(B) 15

A N
(C) 20
(D) 25
19
S IO 2 0
81. Let a be the first term and “d” the common difference. Based on arithmetic progression
rule, the third term is
ST
C IS
(A)
(B)
a + 2d
2d
O
N
T E

M
(C) 3a
(D) a +3d
S I
IS
82.
D M
Equations in which maximum power of the variables is………………., are called linear

A
equations

(A)
(B)
0
1 O
N
A
D
(C) Constant
M
(D) ∞
M
C O
AT
S
CU

83. In a simultaneous equations system, if there are “N” unknowns, we require
………………equations to solve the system
019
(A) N+1 2
(B) N
S T
E
(C) N-1
(D) N-2 T
N
O
S I
84.
IS
Among the following, which tool is popularly used to optimize a function?
M
D
(A) Geometry
A
(B) Calculus
M
N
(C) Trigonometry
(D) O
M Game theory

SA T
O
M
O
C T E
85. C Necessary condition for minimizing a function is

(A) Second derivative should be greater than zero

CU
T
(B) First derivative should be greater than zero

A N
(C) First derivative should be equal to zero
9
(D) Second derivative should be equal to zero
1
S IO 2 0
86. Derivative of a constant is

ST
C IS E
(A) 1
(B) 0
T
(C) Constant itself
N
(D)
O
Cannot differentiate

M IS
S I
D
87. The primary task of differentiation is to find
M
(A) Rate of change
(B)
A
Next function
(C)
N
Previous function
(D)
O
Total from rate of change

M
88. When we differentiate total revenue, M
we get

(A) Total revenue C O
(B) Total profit
(C) Marginal revenue A
T
(D) Marginal profit S
CU

89. Total differential refers to

(A) Sum of all differentials 019
(B) Sum of selected differentials 2
(C) Sum of all partial differentials
S T
E
(D) Sum of all significant differentials
T
N
O
90. I
If marginal values are known, total can be calculated using
S
IS
(A) Lagragian multiplier
M
D
M
(B) Integral calculus
(C) LinearA programming

N programming
(D) Dynamic
O
M
91.

SA
T
O
M
O E
What is a diagonal matrix?
C (A) A matrix with all except diagonal elements are zero
C T
(B) A matrix with all except diagonal elements are one

CU
T
(C) A matrix with all elements are either 0 or 1

N
(D) A matrix with diagonal elements as 1

92. A
S IO
Rank of a matrix is defined as
2 0 19
(A)
(B)
(C)
(D)
U S T
Minimum number of linearly independent column vectors in the matrix

C IS
S
Maximum number of linearly dependent column vectors in the matrix

T E
Maximum number of linearly independent column vectors in the matrix
Minimum number of linearly dependent column vectors in the matrix
N
O
93.
M S I
Among the following which is a matrix determinant property?
IS
D M
(A) Suppose that A is a matrix with a row here every entry is zero or column where

every entry is zero, then determinant is zero
A
(B) Suppose that A is a square matrix with a row where every entry is zero, then

N
determinant is zero

O
(C) Suppose that A is a square matrix with a column where every entry is zero, then
determinant is zero
M
(D) Suppose that A is a square matrix with a row where every entry is zero or column
M
where every entry is zero, then determinant is zero

C O
AT
S
CU

94. A system of simultaneous equations can be solved using …………………in matrix
theory
019
(A) Rao Crammer rule 2
(B) Inverse rule
S T
E
(C) Scalar principles
(D) None of the above T
N
O
S I
95.
IS of matrix inverse is found in
One of the applications
M
(A) LinearD

M
programming
(B) GoalAprogramming

N output analysis
(C) Input
O
(D) Market equilibrium
M

SA T
O
M
O
C T
(A) Game theory E
96. C Nash equilibrium is associated to

CU
T
(B) Demand forecasting

A N
(C) Linear functions
(D) Integer programming
19
S IO 2 0
97. Derivative of sin (x) is

ST
C IS E
(A) Tan (x)
(B) Cose (x)
T
(C) Cos (x)
N
(D) Sin (x)
O
M IS
S I
D
98. The Fisher index number is
M
(A) GM of Laspeyres and Paasche index numbers
(B)
A
AM of Laspeyres and Paasche index numbers
(C)
N
HM of Laspeyres and Paasche index numbers
(D)
O
GM of Laspeyres and Marshall-Edge worth index numbers

M
99. M when taken from
The sum of squared deviation is the least

(A) Mode C O
(B) Median
(C) Arithmetic mean A
T
(D) Geometric meanS
CU

100. Which one of the following statistical measures is not affected by extremely large or
small values?
019
(A) Median 2
(B) Harmonic mean
S T
E
(C) Standard deviation
(D) T
Coefficient of variation
N
O
S I
IS
101. If for the sample data: Mean < Media < Mode, then the distribution is
Mthe right
(A) Skewed
A
D
(B) Symmetric
to

M
N to the left
(C) Skewed
(D) O
M Neither symmetric nor skewed

SA T
O
M
O
C T E
102.C If a frequency distribution is positively skewed, the mean of the distribution is

(A) Greater than the mode

CU
T
(B) Less than the mode

A N
(C) Equal to the mode
(D) None of the above
19
S IO 2 0
103. If both the regression coefficients are negative, the correlation coefficient would be

ST
C IS E
(A) Negative
(B) Positive
T
(C) Zero
N
(D) None of the above
O
M IS
S I
D
104. There will be only one regression line in case of two variables if
M
(A) r = 0
A
(B) r =
N
(C) r = 0.5O
(D) None of the above M
M
O
C is 10 and standard deviation 2, q will be
105. If in a binominal distribution mean

(A) 0 A T
(B) 1 S
(C) 0.4
C U

(D) 0.8

0 19
2
106. The standard deviation of sampling distribution is called
S T
TE
(A) Standard error
(B) Probable error
(C) Both (A) and (B) N
O
(D) None of the above
SI
IS
M observations on GDP in India are available over a period of 15 years.
D
M
107. Suppose that annual
A data are these?
What type of

N
(A) O Cross sectional
M
O
(B) Time series
M
O
E
(C) Panel
C (D) Qualitative and Quantitative
SA
T
C T
CU
T
108. The slope (b1) represents

(A)

A N
Predicted value of Y when X = 0
19
S IO
(B) Change in Y per unit change in X
(C) Predicted value of Y
2 0
(D) Variation around the regression line

ST
109.
C IS
A Correlation Matrix

(A) N
T E
Shows all possible coefficient of correlation
O
M I
(B) Shows all possible net regression coefficient
S
IS
(C) Shows the correlations that are positive

D
(D) Reports the multiple regression equation
M
110.
A
(A)
(B) O
N
A
D
In the ANOVA table the value of k is

The number of independent variables
The total number of observations
(C) M
The number of degrees of freedom
(D) The sum of squares total M
C O
111. ‘Data cleaning’ refers to
A T
Sconsistency and treatment for missing values
C U
(A) Checking data for
(B) Checking data for consistency

(C) Checking data for treatment of missing values

19
(D) Checking data for missing values

20
112. Covariance can take any value from
S T
E
(A) -1 to 1 T
(B) N
–infinity to infinity
O
(C) 0-1
SI
(D)
IS
–infinity to 0
M
D
M
A can be stated as
113. Sampling error

(A) O
N
Frame error
(B)M Frame error + chance error

A T
O
M
O E
(C) Frame error + chance error + response error
C (D) Frame error + response error
C T
S 114. In lieu of Student t test, in the case of a large sample, we use
CU
(A)

AT
F test
N 19
S IO
(B) Z test
(C) ANCOVA
2 0
U
(D) ANOVA

115.

C IS S T E ST
An estimator should use as much as possible information available from the sample. This

N
condition is called …………………….condition

O
M I
(A) Efficiency
S
IS
(B) Sufficiency

D
(C) Best
(D) Consistency
M
116. A N
A
D
In a random selection of 64 of the 2400 intersections in a small town, the mean number of
O
scooter accidents per year was 3.2 and the sample standard deviation was 0.8. Find the
standard error of mean
M
M
(A)
(B)
0.087
0.097
C O
(C)
(D)
0.077
0.066
AT
S
CU

019
2
S T
E
T
N
O
SI
IS
M
A
D
M
N
O
M

SAT
CO
M
O
C T E
CU
AT N 19
S IO 2 0
U
C IS S T E ST
N
O
M IS
S I
D M
A O
N
A
D

M
M
C O
AT
S
CU

117. Level of significance is

(A) The probability of type II error 019
(B) The probability of total error 2
(C) The possibility of type I error
S T
E
(D) The probability of type I error
T
N
O
118. I
Unique property of an econometric model is
S
IS
(A) Easy to estimate
M
D
M
(B) Easy to interpret
A of an error term
(C) Existence

N relation
(D) Exact
O
M

SA
M
CO (A) J shaped
T (B) S shaped O
C T E
119. When coefficient to skewnes is zero, the distribution is

CU
T
(C) Bell shaped

N
(D) Ball shaped

120. A
S IO 2 0 19
Much of the developments in the theory of probability is associated to the name of

(A)
(B)
(C)
(D)
Fisher

C IS
Pearson
Gusset
Bays T E ST
N
O
121.
M S I
“The world we live in will only become safe when we embrace non violence” who said
IS
D
so?
M
(A) M K Gandhi
(B)
A
Motilal Nehru
(C)
N
Indira Gandhi
(D)
O
Dr S Radhakrishnan

M
122. Among the following, which is a landM
mark in 2018?

(A) Panchayat Raj Act C O
(B) Right to education T
(C) Right to privacy A
S
(D) BREXIT
C U

123. Which country gave the name cyclone “OKHI”?

(A) India 019
(B) Indonesia 2
(C) Bangladesh
S T
E
(D) USA
T
N
O
124. I
Prior to 2018 floods in Kerala, in which year Kerala experienced heavy floods?
S
(A) 1921 IS
M
D
M
(B) 1922
(C) 1923 A

(D) N
1924
O
M

SA
M
CO (A) My India O
C T
T (B) India divided E
125. Among the following books, which is written by Mahatma Gandhi?

CU
T
(C) Herald

N
(D) Key to health

126. A
S IO
Present chief economist of IMF
2 0 19
(A)
(B)
(C)
(D)
U
C IS S
Raghu Ram Rajan
Y V Reddy
Gita Gopinath
A K Sen T E ST
N
O
127.
M S I
Indian Standard Time is …………………… GMT
IS
(A)
D M
5.5 hours ahead

(B) 5.5 hours behind
(C)
A
3.5 hours ahead
(D)
N
3.5 hours behind

O
128. M
Among the following, which term is associated to banking?
M
(A)
(B)
RTGS
MGNRE C O
(C)
(D)
PMRY
SEBI AT
S
CU

129. Kerala state’s official tree

(A) Cocos nucifera 019
(B) Nelumbonuifera 2
(C) Liliummackliniae
S T
E
(D) Coco mattus
T
N
O
130. I
Who is Madhav Gadgil?
S
(A) An economistIS
M
D
M
(B) An Ecologist
A
(C) An artist

(D) ANfootball player
O
M
131. One

SA
T
O
O
M of the contributions of Stephen Hawking
E
C (A) Theory of relativity
C T
(B) Theory of motion

CU
T
(C) Law of black hole mechanics

N
(D) Law of inertia

132. A
S IO 2 0 19
Nobel prize for economics in 2018 is awarded to

(A)
(B)
(C)
(D)
William D Norhaus

C IS
Richard Thaler
Daniel Kahneman
Robert J Shiller T E ST
N
O
133.
M S I
Among the following who received “BharthRatna” in 2019?
IS
(A)
D M
Sachin Tendulkar

(B) Nambi Narayan
(C)
A
Pranab Kumar Murkerji
(D)
N
Sardar Patel

O
134. World’s largest biometric ID system M
M
(A)
(B)
PAN card
Ration card C O
(C)
(D)
Passport
Aadhaar AT
S
CU

135. International Energy Day is observed on

(A) May 1st 019
(B) May 2nd 2
(C) May 3rd
S T
E
(D) May 4th
T
N
O
136. I
Autobiography of Sachin Tendulkar
S
(A) Sunny daysI
S
(B) One moreMover
D
A it my way
(C) Playing
M
(D) MyN dream cricket
O
M

SA
M
O
CO (A) South Korea
T (B) Indonesia
C T E
137. Which country hosted Asian Games 2018?

CU
T
(C) Malaysia

N
(D) Singapore

138. A
S IO 2 0 19
The year in which next world cup cricket will be held?

(A)
(B)
(C)
(D)
U
C IS S
2019
2020
2021
2022 T E ST
N
O
139.
M S I
Which country does the present UN Secretary General, Antonio Guterres belong to?
IS
(A)
D Argentina
M
(B) Denmark
(C) Chile
A
(D)
N
Portugal

O
140. Who is the present governor of RBI? M
M
(A)
(B)
Shaktikanta Das
Reghuram Rajan C O
(C)
(D)
Urjit Patel
Pankaj R Patel AT
S
CU

141. The first digital village (Akodara) in India is in the state of

(A) Gujarat 019
(B) Andhra Pradesh 2
(C) Karnataka
S T
E
(D) Rajasthan
T
N
O
142. I
India’s First Railway University is set up in the city of
S
(A) Bengaluru I
S
(B) VadodaraM
A
D
(C) Varanasi
M
N
(D) Kochi
O
M

SA
M
O
CO (A) Kaka Kalelkar
T (B) Yugandhar
C T E
143. Chairman of the first National Backward Class Commission was

CU
T
(C) John Mathai

N
(D) Madhu Dandavate

144. A
S IO
Eighth BRICS summit was held in
2 0 19
(A)
(B)
(C)
(D)
Delhi

C IS
Mumbai
Dhaka
Goa T E ST
N
O
145.
M S I
The Jog Falls is located in the river
IS
(A)
D Sharavati
M
(B) Krishna
(C) Godawari
A
(D) Mahanadi
N
O
146. M
In which Schedule of the Constitution, the recognized 22 languages has been included
M
(A)
(B)
Sixth
Seventh C O
(C)
(D)
Eighth
A
None of the above
T
S
CU

147. Which river is called the Red river of India?

(A) Ganga 019
(B) Kosi 2
(C) Damodar
S T
E
(D) Brahmaputra
T
N
O
148. I
Israel regards…………………….as their undivided capital
S
(A) Jericho IS
M
D
M
(B) Bethlehem
(C) A
Jerusalem

(D) N
Palestine
O
M

SA T
M

(A) Malaysia
O
C T E
149. In which country, 12 boys (football players) trapped in a cave were saved after a few
COdays?

CU
T
(B) Singapore

A N
(C) Thailand
(D) Nepal
19
S IO 2 0
150. Total number of Lok Sabha constituencies in Kerala state

ST
C IS E
(A) 21
(B) 19
T
(C) 20
N
(D) 22
O
M IS
S I
D M
A O
N
A
D

M
M
C O
AT
S
CU

APPLIED ECONOMICS 9 - ANSWER KEY
1
20 CODE: 616
TEST
QN. NO. KEY QN. NO. KEY QN. NO. T KEY QN. NO. KEY QN. NO. KEY
E S

1 A 26 C 51 T B 76 B 101 C
2 B 27 C N
O52 B 77 B 102 A

I
3 B 28 C
ISS 53 D 78 A 103 A
4 B 29 A M 54 C 79 C 104 B
5 C 30 A A D
M
55 A 80 C 105 C

6 A 31 N
OBB 56 C 81 A 106 A
7 A 32 M 57 A 82 B 107 A
8
9
10
C
A
B
33
34 T C
SA
35
O
M B
A
C
O
C TE
59
60
58
C
C
C
84
85
83
B
C
B 108
109
110
B
A
A
11
12
B
A
U
C 36
37
B
B
AT N
61
62
C
D
86
87
19
B
A
111
112
A
B
13 C 38 A
S I O 63 A 88
2 0 C 113 C

14 B 39 B 64 C 89 C 114 B
15 B 40 A 65 B ST
90 B 115 B
16
17
C
C
41
42 C IS
C
B
66
67
C
C
O
N
T E 91
92
A
C
116
117
B
D
18 C 43 C
M 68
IS
SDI 93 D 118 C

D
19 D 44 B 69 A 94 A 119 C
20 C 45 D 70 M B 95 C 120 D
21
22
23
C
C
B
46
47
48
A A
C
B O
71
N
72
73
A
D C
C
A
96
97
98
A
C
A
121
122
123
A
C
C
M
24 A 49 B 74
MB 99 C 124 D

CO
25 B 50 D 75 D 100 A 125 D

AT
S
CU

019
2
QN. NO. KEY
S T
TE
126 C
127 A N
O
128 A SI
129 A IS
M
130 B A
D
M
131 C N
O
132 A M
133
134
135
C
D
C SA
T
CO
M
O
C TE
136
137
C
B
CU
AT N 19
138 A
S I O 2 0
139 D
140 A ST
141
142
A
B C IS O
N
T E
143 A
M IS
S I
D
144 D
145 A M
146
147
148
C
D
C
A O
N
A
D

M
149 C
M
CO
150 C

AT
S
CU