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40. If the foreign exchange rate between the Japanese yen and the US dollar went from
100 yen:l $. to 200 yen: 1 $.
A. More Japanese electronics goods would be sold in the US market.
B. More US super computers would be sold in Japan.
C. Trade would not be affected.
D. Fewer Japanese electronics goods would be sold in the US market.
42.The condition when the individual demand function can be aggregated to generate the
aggregate demand function
A. substitution effect = 0
B. total eflect is zero
C. Income effect:0
D. always can aggregate the individual demand function
47.\f aconsumer's marginal rate of substitution equals 2 eggs for lsandwich,
A. the consumer's indifference curve must be positively sloped.
B. the consumer's indifference curvetnust be convex with respect to the origin of the
graph.
C. the ratio of the consumer's marginal utility of I egg to that of I sandwich must equal
%.
D. ali of the above are rrue.
49. The annual rate of interest on a 3-month Rs. 10,000 bond that sells for Rs. 9,600 is:
4.12%
B. r0%
C.14%
D. 16%
52. What is the basic difference between a set and a matrix?
A. The number of elements is fixed in a set and unlimited in a matrix
B. The position of elements is not important in a set but important in amatrix
C. A set can have subsets but a matrix can not be divided into sub matrices
D. None of the above
54. In the Keynesian model with a fixed price level and a fixed money wage. an increase
in the money supply will cause
A. output to fall and interest rates to fall.
B. output to remain unchanged
C. output to rise and the price level to fall.
D. output to rise and interest rates to fall.
64. An example of Central Bank Sterilisation is:
A. Central Bank sells government bonds domestically when it buys foreign exchange to
prevent appreciation of domestic crrrency.
!. Central Bank buys bonds when it buys foreign exchange to prevent appreciation of
domestic currency.
C. Central Bank prints money in order to prevent contraction of money supply and
appreci ation of currency.
D. None of the above.
65. The probability-of obtaining three "Heads" on tossing a fair coin three times is:
A. 1/3
B. 1/6
c. 1/8
D. 1/9
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