Gokhale sample paper 3 discussion

[Homer Simpson]

 exam main tukka mar denge

[neha:)]

So then it should be (d) all of the above. Right?

[neha:)]

This reminds me! How much is the negative marking in tmrw's exam?

[Anjali]

Sandeep , see if long run equilibrium is given to us , government spending will shift AD upwards , prices will rise and because of vertical AS curve the output remains constant. So government spending is ineffective . Humsee ye thodi pucha hai ki policy effective hai ya nahi , humse to bas outcomes involved in mechanism puche hain .

[Anjali]

And for 25th its B - pakka pakka - Akshay se confirm kiya hai !
And what about essay ? Kuch idea hai ki aayega ya nahi ? And aayega to any recommended topics ? Plz guide ppl !

[econ14]

@Anjali what u said really make sense ......

[neha:)]

12. The real balance effect results from
a) the fact that using money rather than barter raises the economy’s wealth.
b) an increase in wealth resulting from lower interest rates.
c) any increase in the amount of bonds owned by the average person.
d) none of the above.

35. Which of the following statements would a macroeconomist who embraces the rational
expectations/neoliberal paradigm accept as an appropriate assumption?
 a) The whole is exactly equal to the sum of its parts.
 b) A macroeconomic model must be based on a logical set of microfoundations.
 c) Investors and innovators always behave rationally.
 d) All are right.

25. An increase in the use of quotas is expected to:
 a) reduce the country’s current account
balance, if other governments do not
retaliate.
 b) increase the country’s current account
balance, if other governments do not
retaliate.
c) have no impact on the country’s current
account balance unless other
governments retaliate.
d) increase the volume of a country’s export
with other countries.

19. Last year a ₤400 million tax increase was accompanied by a ₤600 million decrease in
consumer spending. One reason why spending decreased by more than taxes were increased
is that:
 a) the tax increase raised interest rates
which in turn depressed consumer
borrowing.
 b) the tax increase induced fewer transfer
payments which in turn deterred
consumer spending.
c) reduced spending by those with lower
take-home pay led to decreased income
and spending by others.
d) higher taxes required higher government
spending which in turn discouraged
private spending.

[Homer Simpson]

hmm..no idea about negative marking.

[Anjali]

19th C
Please essay ka batao ! :-(

[neha:)]

There's no mention of the essay in Gokhale's brochure.. The pattern they have mentioned in it matches the pattern of the latest sample paper released by them (given on the website). So I guess we need not worry about the essay this time.

[econ14]

 yes 25th is (b) its alpha ie probability of type 1 error.....
for topics here are few advised by my teacher; Monetary Policy effectiveness in India, Measurement of Money supply, Electoral Reforms, Taxation policies, Harris Todaro Model, Globalisation: How is India impacting it and impacted by it?, Recent European depression particularly Greece depression .

[Homer Simpson]

12(d)
35(d) - maybe
25(b)
19(c)

[Anjali]

Sandeep essay aayega ? :-(

[Anjali]

Tsuki plz explain quota ques and the real balance effect .
And , is CPI stock variable or flow variable ?

[econ14]

12. d
35.d
25.b
19.c

[neha:)]

I'm jotting down the answers of section B. Please discuss the ones which do not match!
1. b
2. c
3. c
4. b
5. a
6. c
7. d
8. a
9. b
10. b
11. c
12. d
13. ?
14. d
15. b
16. b
17. a
18. b
19. c
20. d
21. d
22. a
23. d
24. d
25. b
26. ?
27. a
28. c
29-31 : Pls help!
32. a
33. b
34. d
35. d ( not sure)
36. d
37. ?
38. ?
39. a
40. b

Let's discuss! :)

[neha:)]

Whatt? There will be an essay this time too?  Are u sure?

[econ14]

hey i am not sure my teacher told in case agr aata h to......just have a look at some points thats enough....

[neha:)]

Alrite.. Hey do you guys have any idea about the cut-offs for gokhale?

[econ14]

no idea