Gokhale Model Paper I

[rongmon]

The Harrod Todaro principle says that urban rural migration is based on the expectation of greater income from urban occupations. Hence, option C.

[econ14]

hey Ron plz help with this question.
In a certain town, 3 people are born every 7 seconds and 7 people die every 11
seconds. Therefore the birth and death rates account for a population growth rate of
one person every
 a) 3/11
 b) 16/21
 c) 7/11
 d) 3/17

[Anjali]

But rongmon isn't it on the basis of availability of surplus labour in rural area ?

[Anjali]

M so sorry rongmon , I was confusing it with Lewis model. Right answer ! :-)

[econ14]

hey anjali plz help me with the above question....

[Anjali]

I guess b !
Take death and birth rate per second , then subtract death rate from birth rate to get the net population growth rate.

[Anjali]

* sorry take it per person
1 person born = 7/3 sec
1 person die = 11/7 sec
7/3-11/7= 16/21

[econ14]

thanx

[Anjali]

Sandeep what about other model papers ? Have they been posted on the forum ?

[econ14]

i dont think so but i will put 2nd paper tomorrow then we can discuss them.

[divyajain]

can anyone plz xplain Q35 and 36?

[Riya]

@Anjali & rongmon,

How did you get (d) as the answer to Section A, Q.4?
4) What annual instalment will discharge a debt of Rs. 1092 due in 3 years at 12%
simple interest?
a) Rs.300
b) Rs.225
c) Rs.400
d) Rs.325

[riyaf]

can someone please explain ques 6 section b ?

rongmon wrote

Model_question_paper_1.pdf

I had several doubts and did not find any comprehensive discussion on the above paper, hence this thread. For those unaware, this an old model paper that was published on the website some time ago.

[neha:)]

Please help with the working/reasoning of the following:
Section B : 8, 11, 13, 15, 16, 30.
Section C: 1, 16, 27.
Thanks in advance!

[neha:)]

For B.6
Calculate elasticity.. it would be -0.5 P/ (50 - 0.5 P).
Now it would be inelastic in the range in which its absolute value is less than one.
Hope that helps..

[Granpa Simpson]

For Q8) I guess the answer will be relatively price inelastic, this is because the magnitude of both the effects will be almost equal in and thus will be near to the effect of nullifying each other, provided the good is a normal one.
Q11) is a case of price competition and the answer will be b.

[Granpa Simpson]

For Q30) Real GDP=Nominal GDP/Price Level.
now, d(real GDP)=d(Nominal GDP)-d(Price level).
Clearly if d(price level)>d(Nominal GDP), d(real GDP)<0 and hence will shrink. thus option b seems to hold true.

[Ashima]

Can someone please explain 15 16 35 and 36?

[Ashima]

Anjali: The tax will be a regressive tax.

A regressive tax is a tax where lower-income entities pay a higher fraction of their income in taxes than do higher-income entities.

Also, could you explain 35th and 36th please.

[Anjali]

Subhayu for 11th it should be d.
So Ashima , in this tax question we will take the case of lower income group ?