gokhalemodel papers 2 doubts

[k]

Q1)Which of the following would likely be a seasonal component of a time series?
a) Law suits c) Recessions
b) Population growth d) Holidays
 
Q2)Which of the following could never be described by a binomial distribution?
a) The number of defective widgets
produced by an assembly process.
c) The amount of water used daily by a
single household.
b) All of these could always be described by
a binomial distribution.
d) The number of people in your class
who can answer this question correctly
 
Q3)Leo C. Swartz, a taxi driver in Chicago, has found that the weather affects his customers’
tipping. If it is raining, his customers usually tip poorly. When it is not raining, however, they
usually tip well.. Which of the following is true?
a) Tips and weather are statistically
independent.
c) P (good tip / rain) is larger than P(bad
tip / rain).
b) The weather conditions Leo cited are
not mutually exclusive.
d) None of these
 
Q4)During the millennium scare of 2000, Surendra reduced his monthly spending by Rs1, 000
and buried his money in the backyard. If the MPC is 0 .75, how much did national income
fall?
a) Rs1,000 c) zero
b) Rs 4,000 d) It actually increased Rs 4,000.
 
Q5)There are two goods: x1 and x2. Income triples and the price of good x1 doubles.
What is the maximum increase of price of good x2 such that no one is worse off?
a) triple the price c) no change
b) double the price d) can’t say

Q6) Rakesh and Ramesh consume clothes (C) and food (F) only. Rakesh’s utility function is U (C, F)
= aA ln C + bA ln F , and Ramesh’s utility function is U (C, F) = aB ln C + bB ln F . aA ,bA , aB ,bB >
0 . The price of clothes is PC , and the price of food is PF . At the optimal level of consumption
what would be the marginal rates of substitution (MRS) of clothes for food of Rakesh and
Ramesh?
a) MRSRakesh = MRSRamesh c) MRSRakesh > MRSRamesh
b) MRSRakesh IS NOT EQUAL TO MRSRamesh d) MRSRakesh < MRSRamesh

[laracroft]

2- c ( water option )
3- D
4- B
5- D

[Xiang]

q1- holidays

[Ayushya Kaul]

Section-A

This one was a real bugger:

Question 2-5
Two bugs are climbing a slippery wall. At time zero, both are at the bottom of the wall. Bug
A climbs at the rate of 3 inches per minute. Bug B climbs at the rate of 4 inches per minute.
Due to the slippery wall, however, Bug A slips back 1 inch every 2 inches climbed and Bug B
slips back 1.5 inches every 2 inches climbed. Moreover, Big A takes a rest of 1 minute after
every 2 minutes and Big B, a rest of 1 minute after every 3 minutes. Assume that slipping
occurs continuously when climbing

2. At what height (from the bottom) do the two bugs meet each other?
 a) Do not meet b) 3 inches c) 5 inches d) 8 inches

3. What is the widest gap achieved between the bugs, within the first 10 minutes?
 a) 2 inches b) 3 inches c) 2.5 inches d) 1.5 inches

4. If the wall is 1 foot high, when Bug A reaches the top, how far is Bug B behind?
 a) 3 inches b) 2 inches c) 2.5 inches d) 3.5 inches

5. What is the average speed (per minute) of Bug A for the first 9 minutes?
 a) 1 in/min b) 1.75 in/min c) 2 in/min d) ) 0.75 in/min


6. A bullock cart can travel at the rate of 4 kmph for the first two hours of a trip. After the first
two hours, the bullock cart’s speed drops to 3 kmph. How many hours will it take the
bullock cart to travel 20 km?
 a) 5 b) 4.5 c) 5.33(approx) d)5.5

Here's the link btw:
http://www.gipe.ac.in/pdfs/Model%20question%20paper%202.pdf

[Ayushya Kaul]

If anyone can just please have a look at these doubts too, it'd be a great. Its quite a list, but your help would be greatly appreciated :D

SECTION-B

3. There are two goods: x1
 and x2. Income triples and the price of good x1
 doubles.What is the maximum increase of price of good x2
such that no one is worse off?
a) triple the price c) no change
b) double the price d) can’t say

6. The average rate of inflation in USA and Japan between the years 1960-73 is 3.2% and 6.1%
respectively, then the growth rate of
a) a) No definite conclusion can be made c) Japan will be more
b) b) USA will be more d)c) Japan will be less


8. Which of the following would likely have the least direct influence on a country’s current
account?
a) inflation c) exchange rates
b) national income d) a tax on income earned from foreign stock

12. You have two plants. Plant A has costs c(y) = y^2 and Plant B has costs c(y) = 2y^2. What is the
joint cost curve?
a) y^2 c) 5y^2/9 b) 2y^2 d) 3y^2

23. Milton Friedman advocated the use of monetary growth rules for all the following reasons
EXCEPT which one?
a) Variations in monetary growth are a major source of instability in the economy.
b) Lags in discretionary monetary policy are long and variable.
c) The private sector economy is inherently stable.
d) The velocity of money is highly unstable.

26. Under the Cash Balance Approach, Cambridge economists stated that when demand for
money increases, people will -------------expenditure on goods and services, which will in turn
bring ------------ the general price level and ---------- value of money.
a) Reduce, down, raise c) Reduce, down, decline
b) Increase, up, decline d) Reduce, up, raise

28. The following change will result in an appreciation of the rupee
a) An increase in imports c) An increase in Indian interest rates
b) An increase in remittances d) An increase in American interest rates

32. Which of the following statements is NOT a difference between the classical and Keynesian
monetary theories?
a) Keynes emphasized the role of the speculative demand for money, whereas classical
economists focused on the transactions demand.
b) Classical economists use the quantity theory channel, while Keynesians use the interest
rate channel.
c) Keynesian analysis emphasizes the long run, whereas the classical economists focus on
the short run.
d) The classical approach says that monetary changes directly affect the price level, while
the Keynesian approach states that changes in money affect the economy only indirectly
through changes in interest rates and investment.

[vibha chitkara]

shouldn't the ans for 4th be d (it should be increase BY 4000)