Pacific University Model Question Paper PhD Economics : www.pacific-university.ac.in

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Name of the organisation : Pacific University (pacific-university.ac.in)
Description : Model Question Paper

Index Page : http://pacific-university.ac.in/Cont...earch_and_P.hd
Model Question Paper : http://pacific-university.ac.in/User.../ECONOMICS.pdf

Sample Paper
PhD Section B Economics
Max. Marks 100
Attempt all 50 questions, each question carries 02 marks. There is no negative marking. Please mark the correct answer as A/B/C/D at appropriate place, on the right hand side of the question, in blue or black ink

1. In order to practice price discrimination, which of the following is needed?
A. some degree of monopoly power
B. an ability to separate the market
C. an ability to prevent reselling
D. all of the above

2. Which of the following concepts represents the extra revenue a firm receives from the services of an additional unit of a factor of production?
A. total revenue B marginal physical product
C. marginal revenues product D. marginal revenue

3. A company with a labour force of 10 men, each paid at the rate of $200 per day, raises the wage by $10 per day to attract one more worker. If other costs remain constant, the marginal cost of employing the additional worker is
A. 210 B. 220
C. 250 D. 200

4. Revealed preference theory was given by
A. Paul Samuelson B. Walker
C. Keynes D. Hicks

5. If A > B and B > C and A > C this assumption is
A. Transitive B. Consistency
C. Cardinal D. Ordinal

6. In case of perfect competition elasticity will be
A. Zero B. One
C. Infinity D. None of these

7. In the market period, the supply curve is
A. Horizontal B. Vertical
C. Hyperbola D. Rising straight line

8. A factor will not earn rent if
A. The supply is inelastic B. The supply is elastic
C. supply is falling D. None of these

9. Concept of Marginal Efficiency of Capital is
A. Marshall B. IMD Little
C. J. M. Keynes D. Clark

10. M1 + Time deposit of commercial Banks is called
A. M2 B. M3
C. M4 D. None of these

11. If the absolute consumption level is 500 and marginal propensity to consume is 0.8 what will be consumption at the income level of 1000.
A. 1200 B. 1000
C. 1300 D. 800

12 In the above question , what is Marginal Propensity to Save
A. 0.8 B 0.2
C. 1.00 D. 0.5

13. Change in capital can be negative if
A. Investment < Depreciation B. Depreciation < Investment
C. Investment = Depreciation D. None of the above

14. If income and consumption are proportionately related
A. APC > MPC B. APC < MPC
C. APC = MPC D APC = MPS

15. Increase in velocity of money will lead to
A. Increase in Money supply B. Increase in Price Level
C. Increase in real national income D. None of the above

16. Excess of demand over supply is called
A. Consumption Gap B. Income Gap
C. Inflationary Gap. D. Investment Gap

17. Which of the following is included in economic growth?
A. Health B. Literacy
C. War D. Rate of growth of national income

18. Modern economic growth has been analyzed by
A. Simon Kuznets B. Richard Stone
C. Keynes D. W. Leontief

19. Vicious circle of poverty is
A. High income and low saving B. Low growth of population
C. Low rate of saving and investment D. Demonstration effect

20. Disguised unemployment is characteristic of
A. Developed economy B. Undeveloped economy
C. Primitive economy D. None of these