JNU 2006-2002 Doubts

[Anjali]

Do we need to calculate median here ?
Please see whether answer is D

[Dreyfus]

I think it should be (50-40)/50=0.2

[Anjali]

It says more than 20 . Then why have you taken 40 ?

[Homer Simpson]

Pr(more than 20) = 1 - Pr(less than 20) = 1 - (40/50) = 0.2

[econ14]

a.

[Anjali]

Thanks everyone !
Have a look at this :
A person takes Rs 100 of currency notes and puts them into a demand deposit in a bank. The bank keeps Rs 10 of this amount and lends out Rs 90 . As a result of these transactions , money supply in the economy is
Reduce by 10
Unchanged
Increase by 90
Increase by 190

Is it option 3 ?

[Dreyfus]

Yes money supply increase by 90

[bhavya jain]

yes option 3

[bhavya jain]

JNU 2000 qs
Q3) In a period of hyperinflation, which amongst the foll wud u generally expect to be the best store of value
a) cash
b) bonds
c) gold
d) time deposits in banks
is it c) gold

[Anjali]

I guess gold
But ideally money would have increased by 100 , had the crr not  been put in place. Iam a little confused with it.

[The Villain]

Gold for sure...

[Homer Simpson]

(c)

[Anjali]

1. During the Great Depression of 1930 , the net barter terms of trade
Moved in favour of industry and against agriculture
Moved in favour of agriculture and against industry
Remained unchanged
Could not be calculated for agri and industry

2. In order to make the Indian patent laws trips compliant
Product patents currently in force have to be removed
Process patents currently in force have to be removed
Product patents not currently in force have to be introduced
Process patents not currently in force have to be introduced

Over the decade of the 1990 per capita food grain availability in india has
Increased by 50 %
Increased by 30 %
Increased by 10 %
Not increased

[Homer Simpson]

1(a), 2(c)

[phelps.phan]

Pls can someone explain how the change in money supply is calculated for this qn by Anjali. Thanks

A person takes Rs 100 of currency notes and puts them into a demand deposit in a bank. The bank keeps Rs 10 of this amount and lends out Rs 90 . As a result of these transactions , money supply in the economy is
 Reduce by 10
Unchanged
Increase by 90
Increase by 190

[Anjali]

Tsuki sure for these indian economy ques ?

[Homer Simpson]

yes am sure bout them.

[Shefali]

phelps ans is c

[phelps.phan]

thanks Shefali...can u explain how.

[akanksha]

Can somebody please try out these qs.
Q.1   Suppose we say that an allocation x is Pareto optimal if and only if there does not exist an allocation, say y, such that : every individual in the economy considers y to be at least as good as x, and at least one individual considers y to be strictly better than x. Now, consider a society of four individuals. This society has five allocations to choose from a, b, c, d and e. Individual preferences over these allocations are as follows :
     
       1st individual : a > b >c > d>e
       2st individual : b >c > d >e > a
       3st individual : c >d >e >a >b
       4st individual : d >e >a >b >c
     where a>b >c>d>e means that the 1st individual prefers allocation a over b, b over c, .... d over e.      Likewise for the preferences of other individual. Find out the Pareto optimal allocations for this society.

Q.2     Suppose there are 4 alternatives, x,y, a and w. Further suppose that there are 7 individuals, 1,2,3,4,5,6 and 7. The individuals' rankings (ordering) of the four alternatives, Ri, i=1, ....7 are given by
R(1):(xy)zw
R(2): yzwx
R(3): zw (xy)
R(4): (xy) (zw)
R(5): yzwx
R(6): zw(xy)
R(7): (xy) (zw)

Determine which of the alternative are Pareto-optimal. ExplAIN YOUR ANSWER.
(Alternatives inside the parentheses are indifferent to each other. If an alternative is written to the left of another alternative, then the former is preferred to the latter.)