M.A. (Eco.) Second Semester Examination (Year 2016) Advanced Economic Analysis Subject Code: MAE-201 Paper Code: TMT-71

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1 M.A. (Eco.) Second Semester Examination (Year 2016) Advanced Economic Analysis Subject Code: MAE-201 Paper Code: TMT-71 Roll No. Enrollment No. Time : 10 Minutes M. Marks: 10 Section A [k.m v (Objective Type Questions) ¼oLrqfu"B Á u½ Invigilator s Signature Attempt all questions. Each question carries 1 mark. Use the symbol ( ) in the box for marking the correct answer. lhkh iz u vfuok;z gs aa izr;sd iz u gsrq 1 vad fu/kkzfjr gsa lgh mùkj gsrq fn;s x;s ckdl es a ( ) fpug dk iz;ksx djsaa Q.No.1. Choose the correct answerlgh mùkj pqfu,& 1. All the firms in perfect competition earn in the long run- iw.kz izfr;ksfxrk es a nh?kzdky rd lhkh Qes Z dekrh gsaa a) Abnormal profit b) Losses vlkeku; ykhk 5. Absolutely completive industry has a- 1 gkfu c) Normal profit d) None of these lkeku; ykhk mijksdr es a ls dksbz ugha 2. For equilibrium of a firm in the long run in perfect competition essential condition is- nh?kzdky esa iw.kz izfr;ksfxrk es a QeZ ds larqyu dh vko';d n'kk gs& a) AR = MR b) AR = TR c) MR = MC d) TR = MR 3. Which of the following is the marginal condition of Pareto optimality? fueu esa ls dksu lh isjsvks b"vre dh 'krz gsa a) Efficiency in exchange fofue; dh dq'kyrk b) Efficiency in production mix mriknu ds la;ksxks a dh dq'kyrk c) Efficiency in production mriknu dh dq'kyrk d) All of these mijksdr es a ls lhkh 4. Oligopoly is a part ofvyikf/kdkj vax gs& a) Perfect competition b) Duopoly iw.kz izfr;ksfxrk dk }Sokf/kdkj dk c) Imperfect competition d) Monopoly viw.kz izfr;ksfxrk dk,dkf/kdkj dk

2 a iw.kzr;k izfr;ksxh m ksx es a gksrk gs& a) Perfectly inelastic supply curve iw.kzr;k csykspnkj iwfrz oø b) Negatively sloping demand curve udkjkred ekax oø c) Perfectly elastic demand curve iw.kzr;k ykspnkj ekax oø d) Negatively sloping supply curve udkjkred iwfrz oø 6. There is a restriction on entry into the industry- m ksx es a izos'k ij izfrca/k gksrk gs& a) Monopoly b) Duopoly,dkf/kdkj esa }Sokf/kdkj esa c) Perfect competition d) All of these iw.kz izfr;ksfxrk es 7. The concept of marginal land was given bylhekur Hkwfe dh vo/kkj.kk ds }kjk nh xbz FkhA a) Adam Smith b) Mill mijksdr es a ls lhkh,me flefk }kjk fey }kjk c) Ricardo d) Marshall fjdkmksz }kjk ek'kzy }kjk 8. Which of the following is not a defining characteristic of Monopolistic competition? fueu esa ls dksu lh,dkf/kdkjkred izfr;ksfxrk dh fo'ks"krk ugha gs\ a) Advertisement by celebrities b) Different price fokkiu vyx ewy; c) Free entry and exit of firms d) One producer Lora= izos'k o fudkl,d mriknd 9. The following are key features of monopoly except-,dkf/kdkj dh izeq[k fo'ks"krk,a fueufyf[kr gs flok; ds& a) Influence over price b) No close substitutes ewy; ij izhkko iwjd olrq u gksuk c) Diseconomies of scale d) Barriers to entry isekus dh feùko;;rk u gksuk izos'k ij jksd 10. According to wage fund theory the rate of wages is equal toetnwjh dks"k fl)kar ds vuqlkj etnwjh nj cjkcj gs& a) Wage fund/no. of Workers etnwjh dks"k@etnwjksa dh la[;k b) Wage fund/no. of producers etnwjh dks"k@mrikndksa dh la[;k c) Wage fund/production etnwjh dks"k@mriknu d) None of these mijksdr es a ls dksbz ugha &&&&&&&&&&&&&&& 2

3 M.A. (Eco.) Second Semester Examination (Year 2016) Advanced Economic Analysis Subject Code: MAE-201 Time : 2 Hrs.50 Mts. M.Marks : 60 Paper Code: TMT-71 Roll No. Section B [k.m c (Short Answer Type Questions) (y?kq mùkjh; iz u) Attempt all questions. Each question carries 4 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 4 vad fu/kkzfjr gsa Q.No.2. Q.No.3. Q.No.4. Q.No.5. Q.No.6. Define perfect competition and its characteristics. iw.kz izfr;ksfxrk dks ifjhkkf"kr dhft,,oa bldh fo'ks"krk,a crkb,a Distinguish between Real wage and Money wage? oklrfod etnwjh o eqnzk etnwjh esa Hksn dhft,a What is meant by marginal value productivity of factor? Lkk/ku dh lhekur dher mrikndrk ls D;k rkri;z gsa Critically explain the marginal productivity theory of profit. ykhk ds lhekur mrikndrk fl)kar dh vkykspukred O;k[;k dhft,a What is bilateral monopoly? How price and output is determined under it. Ckk;ysVjy,dkf/kdkj D;k gs\ blesa dher o mriknu dk fu/kkzj.k dsls gksrk gs\ How price is determined under monopoly in the short run?,dkf/kdkj esa vyidky esa ewy; dk fu/kkzj.k dsls gksrk gs\ What do you understand by elasticity of technical substitution? Rkduhd dh yksp ls D;k rkri;z gs\ What are Pareto's optimal conditions of Welfare? ijsvks ds dy;k.k dh n'kk,a D;k gsa\ Critically explain modern theory of interest. C;kt ds vk/kqfud fl)kar dh vkykspukred O;k[;k dhft,a What is monopolistic competition? Explain its basic features.,dkf/kdkjkred izfr;ksfxrk D;k gs\ bldh fo'ks"krk,a crkb,a 3

4 Section C [k.m l (Long Answer Type Questions) (nh?kz mùkjh; iz u) Attempt all questions. Each question carries 8 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 8 vad fu/kkzfjr gsa Q.No.7. How price and output is determined under perfect competition in the short run. Ikw.kZ izfr;ksfxrk esa vyidky esa ewy; o mriknu dk fu/kkzj.k dsls gksrk gs\ Explain oligopoly. How price is determined under oligopoly. vyikf/kdkj dh O;k[;k dhft,a blesa ewy; dk fu/kkzj.k dsls gksrk gs\ Q.No.8. Q.No.9. Q.No.10. Q.No.11. Explain Marxian theory of distribution. ekdlz ds forj.k ds fl)kar dh O;k[;k dhft,a What do you understand by IS-LM curve? IS-LM oø ls D;k le>rs gsa\ What is liquidity preference? How does it effect the rate of interest? Rkjyrk ilanxh D;k gs\ ;g C;kt dh nj dks dsls izhkkfor djrh gs\ What is welfare economics? Explain its approaches to social welfare? dy;k.k vfkz'kkl= D;k gs\ lkekftd dy;k.k ds fopkj dks le>kb,a What is meant by value judgement? Explain their role in welfare economics. ewy; U;k; ls D;k rkri;z gs\ dy;k.k vfkz'kkl= es a bldh Hkwfedk O;Dr dhft,a Distinguish between value of marginal product and marginal Revenue product of an output. lhekur mrikn ewy; o lhekur vk; mrikn es a vurj Li"V dhft,a "A monopolist can either control price or output." Explain? **,d,dkf/kdkjh ;k rks ewy; fu;a=.k dj ldrk gs ;k mriknu** Li"V dhft,\ What is meant by derived demand? Explain the factors which determine demand for a factor. O;qRiUu ekax ls D;k rkri;z gsa,d lk/ku dh ekax dks fu/kkzfjr djus okys rroksa dh O;k[;k dhft,\

5 Time : 10 Minutes M.Marks : 10 M.A. (Eco.) Second Semester Examination (Year 2016) Monetary Economics & Banking Subject Code: MAE-202 Paper Code: TMT-72 Section A [k.m v (Objective Type Questions) ¼oLrqfu"B Á u½ Attempt all questions. Each question carries 1 mark. Use the symbol ( ) in the box for marking the correct answer. lhkh iz u vfuok;z gs aa izr;sd iz u gsrq 1 vad fu/kkzfjr gsa lgh mùkj gsrq fn;s x;s ckdl es a ( ) fpug dk iz;ksx djsaa Q. No. I. Choose the correct answerlgh mùkj pqfu,& 3. The relationship between value of money and general price level iseqnzk ds ewy;,oa lkeku; dher Lrj esa laca/k gs& a) Direct b) Indirect izr;{k vizr;{k c) Inverse d) Proportional foijhr vkuqikfrd 2. In the equation P= MV+M V which element is not assumed to be constant. lehdj.k P= MV+M V T T es a fdl rro dks flfkj ugha ekuk gsa a) P b) V c) M d) T 3. If marginal propensity to save is 0.2 the multiplier is- ;fn lhekur cpr izo`fùk 0-2 gs] xq.kd dk vkdkj gksxk a) 4.0 b) 5.0 c) 0.8 d) If the banks receive Rs. 1,000 as primary deposits and maintain a reserve ratio of 20 per cent, otherthing remaining same, how much loan can be given? vu; ckrs leku jgus ij] ;fn fdlh csad dks 1]000 :- izkfkfed tek ds :Ik esa izkir gks jgs gas] rfkk mldk fjtoz vuqikr 20% gs] og fdruk _.k ns ldrk gsa a) Rs. 800 b) Rs. 1,000 c) Rs. 4,000 d) Rs. 5, Inflation is unjust because it. eqnzklqhfr vu;k;iw.kz gs D;ks afd ;ga a) Helps the producers mrikndksa dh lgk;d gs 5 Roll No. Enrollment No. Invigilator s Signature

6 b) Increased productivity mrikndrk es a o`)h djrh gs c) Increases economic inequalities vkffkzd vlekurkvksa dks c<+krh gs d) None of these mijksä es a ls dksbz ugha 6. Phillips curve hypothesis was based on data relating tofqfyil od fo'ys"k.k fdl ns'k ds vkwdm+ks ij vk/kkfjr gs\ a) U.S.A b) U.K ;w-,l-, ;w- ds c) Europe d) Japan ;wjksi tkiku 7. The user of which card becomes the borrower of the bank? fdl dkmz dk /kkjd csad dk 'kj.kh gks tkrk gs\ a) Credit Card b) Debit Card ØsfMV dkmz MsfcV dkmz c) A.T.M Card d) All of these,-vh-,e dkmz mijksdr lhkh 8. The central bank of India was set up in which year? Hkkjr ds dsunzh; csad dh LFkkiuk fdl o"kz esa gqbz Fkh\ a) 1948 b) 1938 c) 1930 d) Which of the following theories of business cycle has been given by Hawtrey? gkwvªs }kjk O;kikj pø dk dksu lk fl)kar fn;k x;k gs a) Purely Monetary b) Monetary Over-investment 'kq) eksfnzd eksfnzd vfr&fofu;ksx c) Innovation d) Over-Investment theory uo izorzu vfr&fofu;ksx fl)kar 10. The over investment theory of business cycle is given by- O;kikj&pØ dk vfr&fofu;ksx dk fl)kar fueu vfkz'kkl=h }kjk fn;k x;ka a) Hawtrey b) Hayek gkwvªs gs;d c) Schumpeter d) Hobson 'kqeihvj gkwclu

7 M.A. (Eco.) Second Semester Examination (Year 2016) Monetary Economics & Banking Subject Code: MAE-202 Paper Code: TMT-72 Roll No. Time : 2 Hrs. 50 Mts. M.Marks : 60 Section B [k.m c (Short Answer Type Questions) (y?kqmùkjh; iz u) Attempt all questions. Each question carries 4 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 4 vad fu/kkzfjr gsa Q.No.2. Q.No.3. Q.No.4. Q.No.5. Q.No.6. What do you mean by value of money? eqnzk ds ewy; ls D;k vk'k; gs\ Write down Marshall's equation of cash balance approach. udn dks"k fo'ys"k.k ds ek'kzy dk lehdj.k fyf[k,a What are the measures of money stock? eqnzk LVkWd ds eki D;k gs\ Write down the assumptions of Multiplier. xq.kd dh eku;rk, fyf[k,a Differentiate between Cost Push and Demand Pull Inflation. ykxr izsfjr LQhfr rfkk ek x tfur LQhfr esa varj Li"V djsaa Explain the concept of stagflation. eanh LQhfr ¼vkfFkZd xfrghurk ds lkfk LQhfr½ dh vo/kkj.k dks le>kb,a Write a note on origin and growth of Commercial Banking in India? O;kikfjd csad ds mn~hko,oa fodkl ij,d ys[k fyf[k,a Describe the different types of banks. csad ds fofhkuu izdkjksa dks le>kb,a Define Business Cycle. O;kikj pø dks ifjhkkf"kr dhft,a Throw light on the nature of Business Cycle. O;kikj pø dh izd`fr ij izdk'k Mkfy,A Section C [k.m l (Long Answer Type Questions) (nh?kz mùkjh; iz u) 7

8 Attempt all questions. Each question carries 8 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 8 vad fu/kkzfjr gsa Q.No.7. Q.No.8. Q.No.9. Q.No.10. Q.No.11. Explain the Cambridge equation of quantity theory of money. Why did the Cambridge economists consider their approach to be superior to Fisher's approach? eqnzk ifjek.k ds dsfeczt lehdj.k dks le>kb,a dsfeczt vfkz'kkfl=;ksa us vius n`f"vdks.k dks fq'kj ds n`f"vdks.k ls Js"B D;ks a ekuk\ Critically examine Don Patinkin's analysis of quantity theory of money. eqnzk ifjek.k ds lecu/k es a MkWu isfvudu ds n`f"vdks.k dh vkykspukred O;k[;k dhft,a Explain the working of multiplier. What are its limitations? xq.kd dh dk;z'khyrk dks le>kb,a bldh lhek, D;k gs\ Describe the various instruments of monetary policy. eksfnzd uhfr ds fofhkuu midj.kksa dh O;k[;k dhft,a Discuss the nature of inflation in India? Explain the measures adopted by the government of India for combating inflation in the country. Hkkjr es a eqnzklqhfr dh izd`fr dk o.kzu dhft,a Hkkjr ljdkj }kjk eqir LQhfr dks fu;af=r djus ds fy;s viuk;s x;s fofhkuu mik;ksa dk fooj.k nhft,a Write an essay on Phillips Curve? fqfyil oø ij,d fuca/k fyf[k,a Explain in detail the new trends in Commercial Banking in India. Hkkjr esa O;kikfjd csad dh uohu izo`fùk;ksa dks folrkj ls fyf[k,a Describe the functions of R.B.I. fjtoz csad vkwq bafm;k ds dk;ksza dks le>kb,a Describe the various phases of business cycle. What measures would you suggest to control business cycle? O;kikj pø dh fofhkuu volfkkvksa dks le>kb,a O;kikj pø dks fu;af=r djus gsrq vki D;k lq>ko nsaxs\ Critically examine Schumpeter's theory of trade cycle. 'kqeihvj ds O;kikj pø ds fl)kar dk vkykspukred ijh{k.k dhft,a

9 Time : 10 Minutes M.Marks : 10 M.A. (Eco.) Second Semester Examination (Year 2016) Research Methods & Statistical Inference Subject Code: MAE-203 Paper Code: TMT-73 Section A [k.m v (Objective Type Questions) (olrqfu"b Á u) Attempt all questions. Each question carries 1 mark. Use the symbol ( ) in the box for marking the correct answer. lhkh iz u vfuok;z gs aa izr;sd iz u gsrq 1 vad fu/kkzfjr gsa lgh mùkj gsrq fn;s x;s ckdl es a ( ) fpug dk iz;ksx djsaa Q. No. 1. Choose the correct answerlgh mùkj pqfu,& 4. Research problem is selected from the stand point of - vuqla/kku dh lel;k dk pquko fueufyf[kr esa ls fdl n`f"vdks.k ls gksrk gsa a) Researcher s interest 'kks/kkfkhz dh :fp b) Financial support vkffkzd lgk;rk c) Social relevance lkekftd izklafxdrk d) Availability of relevant literature lecaf/kr lkfgr; dh miyc/krk 2. Which one is called non probability sampling? fueufyf[kr esa ls dksau v&lahkko;rk izfrp;u dgykrk gs\ a) Cluster sampling lewg izfrp;u b) Quota sampling dksvk izfrp;u c) Systematic sampling O;ofLFkr izfrp;u d) Stratified random sampling Lrjhd`r ;kgfpnd izfrp;u 3. Formulation of hypothesis may not be required in - izkddyiuk dk fu:i.k fueufyf[kr esa visf{kr ugha gs% a) Survey method b) Historical studies losz{k.k i)fr,sfrgkfld v/;;u c) Experimental studies d) Normative studies izk;ksfxd v/;;u vkn'kkzred v/;;u 9 Invigilator s Signature Roll No. Enrollment No.

10 a 4. Field work based research is classified as {ks= dk;z vk/k`r 'kks/k dks fueufyf[kr oxz esa j[kk tkrk gsa% a) Empirical research b) Historical research bfnz;kuqhkoijd 'kks/k,sfrgkfld 'kks/k c) Experimental research d) Biographical research iz;ksxkred 'kks/k vkredfkkred 'kks/k 5. Which of the following sampling method is appropriate to study the prevalence of AIDS amongst male and female in India in 1976, 1986, 1996 & 2006? Hkkjr es a iq:"k,oa efgykvksa esa O;kIr,M~l ds 1976] 1986] 1996 rfkk 2006 es a fd, x, v/;;u esa fueufyf[kr esa ls dksu lh izfrp;u i)fr mi;qdr gs\ a) Cluster sampling lewg izfrp;u b) Systematic sampling O;ofLFkr izfrp;u c) Quota sampling dksvk izfrp;u d) Stratified random sampling Lrjhd`r ;kgfpnd izfrp;u 6. The research is always - 'kks/k lnso gs% a) Verifying the old knowledge iwoz Kku dk lr;kiu b) Explaining new knowledge uwru Kku dh x.ks"k.kk c) Filling the gap between knowledge Kku ds vurjky dh iwfrz d) All of these mijksä lhkh 7. The research that applies the laws at the time of field study to draw more and more clear ideas about the problem is,d 'kks/k es a {ks=h; v/;;u ds le;] lel;k ds izfr vf/kd Li"V fopkjksa ds fy, ftu fu;eks dks ykxw fd;k tkrk gs] mls dgrs gs%& a) Applied research b) Action research O;kogkfjd 'kks/k fø;kred 'kks/k c) Experimental research d) None of these iz;ksxkred 'kks/k mijksä esa ls dksbz ugha 8. When a research problem is related to heterogeneous population, the most suitable sampling method is - tc dksbz 'kks/k lel;k fo"ke tula[;k ls lacaf/kr gks rc lokzf/kd mi;qzdr izfrp;u i)fr gksxh% a) Cluster sampling lewg izfrp;u b) Stratified sampling ;kgfpnd ¼LVªsfVykbM½ izfrp;u c) Convenient sampling lqfo/kktud izfrp;u 10

11 d) Lottery method ykvjh i)fr 9. The process not needed in-experimental research is - iz;ksxkred 'kks/k es a tks izfø;k vko';d ugha gsa] mls dgk tkrk gs% a) Observation voyksdu b) Manipulation and replication ifjpkyu,oa izfrd`fr c) Controlling fu;af=r d) Reference collection lanhkz,d=.k 10. A research problem is not feasible only when-,d 'kks/k lel;k rc rd O;ogkfjd ugha gs tc rd& b) It is researchable ;g 'kks/k djus ;ksx; gsa b) It is new and adds something to knowledge og ubz gks vksj Kku esa dqn o`f) djrh gksa c) It consists of Independent and dependent variable og Lora= vksj xsj Lora= pjks ls ;qdr gksa d) It has utility and relevance mldh mi;ksfxrk o izklafxdrk gksa

12 M.A. (Eco.) Second Semester Examination (Year 2016) Research Methods & Statistical Inference Subject Code: MAE-203 Paper Code: TMT-73 Roll No. Time : 2 Hrs.50 Mts. M.Marks : 60 Section B [k.m c (Short Answer Type Questions) (y?kqmùkjh; iz u) Attempt all questions. Each question carries 4 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 4 vad fu/kkzfjr gsa Q. No. 2. What do you mean by research? Explain its significance in modern times. 'kks/k ls vki D;k le>rs gs vk/kqfud ;qx esa blds egro dks le>kb,\ Distinguish between descriptive and analytical research. o.kzukred rfkk fo'ys"k.kkred 'kks/k es a varj crkb,a Q. No. 3. State the importance of time series. dky Js.kh ds egro dks crkb,a State the difference between seasonal variables and cyclical fluctuations. eksleh fopj.k,oa pøh; mppkopu esa varj crkb,a Q. No.4. Give statistical definition of probability. lehkko; dh lkaf[;dh; ifjhkk"kk nhft,a Explain the fundamental concept of probability. izkf;drk dh izeq[k /kkj.kk, crykb,a Q. No.5. Distinguish between cluster and area sampling. lewg rfkk {ks= izfrp;u es a varj crkb,a Distinguish between systematic and stratified sampling. Øeca/k rfkk ;kgfpnd izfrp;u es a varj crkb,a Q.No.6. Explain simple and composite hypothesis. ljy rfkk tfvy ifjdyiuk dks le>kb,a What is Chi-square test? dkbz Ld~oSj ijh{k.k D;k gs\ Section C [k.m l (Long Answer Type Questions) (nh?kz mùkjh; iz u) 12

13 Attempt all questions. Each question carries 8 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 8 vad fu/kkzfjr gsa Q. No. 7. Explain the meaning and significance of a research design. 'kks/k vfhkdyi ds vfkz rfkk egro dks le>kb,a Explain the various techniques of data collection. leadks ds ladyu dh fofhkuu fof/k;k le>kb,a Q. No. 8. What is a time series? What are its main components? How will you analyze them? dky Js.kh fdls dgrs gs\ blds dksu dksu ls izeq[k la?kvd gs\ vki budk fo'ys"k.k dsls djsxas\ Calculate the five yearly moving average for the following time series. Year fueufyf[kr dky Js.kh ds fy, iapo"khz; py ek/; Kkr dhft,a o"kz Q. No. 9. Define probability and explain the addition theorem of probability giving suitable examples. izkf;drk dh ifjhkk"kk nhft, rfkk mi;qä mnkgj.k nsdj izkf;drk ds ;ksx izes; dks le>kb,a One card is drawn from a pack of 52 cards. What is the chance that it is either a king or a queen? 52 iùkksa dh xìh esa ls,d iùkk fudkyk tkrk gsa bldh D;k lehkko; gs fd fudyus okyk iùkk,d ckn'kkg ;k,d csxe gks\ Q. No.10. Write procedure of testing hypothesis. ifjdyiuk ds ijh{k.k dh izfø;k fy[ksa Distinguish between null hypothesis and alternative hypothesis. 'kwu; rfkk osdfyid ifjdyiuk es a varj crkb,a Q. No. 11. A die is thrown 132 times with the following result. Is the die unbiased? Number turned up Frequency ,d ikls dks 132 ckj Qsdus ij vk;s ifj.kkea 13

14 vko`fùk Explain the meaning of ANOVA. ANOVA dk vfkz le>kb,a M.A. (Eco.) Second Semester Examination (Year 2016) International Economics Subject Code: MAE-204 Paper Code: TMT-74 Roll No. Enrollment No. Time : 10 Minutes M.Marks : 10 Section A [k.m v (Objective Type Questions) ¼oLrqfu"B Á u½ Invigilator s Signature Attempt all questions. Each question carries 1 mark. Use the symbol ( ) in the box for marking the correct answer. lhkh iz u vfuok;z gsa izr;sd iz u gsrq 1 vad fu/kkzfjr gsa lgh mùkj gsrq fn;s x;s ckdl es a ( ) fpug dk iz;ksx djsaa Q. No. 1. Choose the correct answerlgh mùkj pqfu,& 5. Basis of International trade isvarjkz"vªh; O;kikj dk vk/kkj gsa a) Division of Labour b) Specialisation Je fohkktu fof'k"vhdj.k c) Both (a) and (b) d) International stock flow nksuksa (a) vksj (b) varjkz"vªh; iwath izokg 6. Separate theory of International trade is not required. Who said it? varjkz"vªh; O;kikj ds fy;s,d vyx fl)kar dh vko';drk ugha gs ;g dfku gsa a) Classical Economist b) John Maynard keynes Dyklhdy vfkz'kkfl=;ksa dk 14 tkwu esukmz dhul dk

15 c) Bartin Ohlin d) None of these cfvzu vksgfyu dk mijksä esa ls dksbz ugha 3. Pure theory of International Trade isvarjkz"vªh; O;kikj dk fo'kq) fl)kar gs& a) Classical theory of international trade varjkz"vªh; O;kikj dk Dyklhdy fl)kar b) Theory of opportunity cost volj ykxr dk fl)kar c) Theory of Heck cher Ohlin gsdpj vksgfyu dk fl)kar d) All of these mijksä lhkh 4. By the international trade in a country. varjkz"vªh; O;kikj ls,d ns'k es a& a) National income increases jk"vªh; vk; es a o`f) gksrh gsa b) Consumption level increases mihkksx Lrj c<+rk gsa c) Profit opportunity increases ykhk lahkkouk, c<+rh gsa d) All of these things become favourable mijksä lhkh ckrs vuqdwy curh gsa 5. Trade between two countries takes place when there is- nks ns'kks a ds e/; O;kikj gksrk gs D;ksafd& a) Scarcity of commodity olrqvks es a nqyzhkrk b) Absolute difference in cost ykxrksa es a fujis{k varj c) Comparative difference in cost ykxrksa es a rqyukred varj d) Equal difference in cost ykxrksa es a leku varj 6. Offer curves are established byvkqj oøks dks fdlus izfrikfnr fd;k\ a) Marshall and Edgeworth b) Mill and Marshall ek'kzy,oa,tofkz fey,oa ek'kzy c) Adam Smith and Recordo d) None of these,me flefk,oa fjdkmksza mijksä esa ls dksbz ugha 7. Theory of reciprocal demand signifies thatikjlifjd ekax dk fl)kar crkrk gs& a) Reciprocal demand determines terms of trade ikjlifjd ekax O;kikj dh 'krksza dk fu/kkzj.k djrh gsa b) Includes domestic demand of commodity blesa lkexzh dh?kjsyw ekax 'kkfey gsa 15

16 c) Fluctuations in income of two countries are included nks ns'kks a dh vk; esa mrkj&p<+ko 'kkfey fd;s x;s gsaa d) None of these mijksä esa ls dksbz ugha 8. Recardo's principle of comparative profit depends onfjdkmksza dk rqyukred ykhk dk fu;e fuhkzj djrk gs& a) Principle of division of labour Je fohkktu fl)kar b) Principle of opportunity cost volj ykxr fl)kar c) Principle of labour value ewy; dk Je fl)kar d) None of these mijksä esa ls dksbz ugha 9. Terms of utility trade have been propounded bymi;ksfxrk O;kikj dh 'krksza dk izfriknu fd;k gs& a) Jacob Viner b) D. Dorrence tsdc okbuj Mh- MksjsUl c) Tossing d) None of these VkWflax mijksä esa ls dksbz ugha 10. Which method is adopted to control imports? vk;krksa dks fu;af=r djus ds fy;s fdl fof/k dk iz;ksx fd;k tkrk gs\ a) Sales tax b) Quota system fcøh dj dksvk iz.kkyh c) Income tax d) All of these vk;dj mijksä lhkh

17 M.A. (Eco.) Second Semester Examination (Year 2016) International Economics Subject Code: MAE-204 Paper Code: TMT-74 Time : 2 Hrs.50 Mts. M.Marks : 60 Section B [k.m c (Short Answer Type Questions) (y?kq mùkjh; iz u) Roll No. Attempt all questions. Each question carries 4 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 4 vad fu/kkzfjr gsa Q.No. 2. Q.No. 3. Q.No. 4. Q.No. 5. Q.No. 6. The international trade is only a special case of inter-regional trade. Explain. varjkz"vªh; O;kikj var{kzs=h; O;kikj dh gh,d fof'k"v n'kk gs] le>kb,a Explain the Comparative Cost Theory of International trade. varjkz"vªh; O;kikj ds rqyukred ykxr fl)kar dks le>kb,a Explain the nature and importance of doctrine of reciprocal demand. ikjlifjd ekax ds fl)kar dh izd`fr vksj egro dk fo'ys"k.k dhft,a What are the community indifference curve? What is its use in International trade principle? leqnk; mnklhurk oø D;k gksrs gs\ varjkz"vªh; O;kikj fl)kar es a mudk D;k mi;ksx gs le>kb,a Examine Opportunity Cost Principle of International trade. varjkz"vªh; O;kikj ds volj ykxr fl)kar dh leh{kk dhft,a Explain theorem of Heckcher-ohlin. gsd'kj vksgfyu% izes; dks le>kb,a Explain Factor Price Equalization Theorem. leku dher lehdj.k izes; dks le>kb,a Enumerate factors influencing terms of trade. O;kikj dh 'krksza dks izhkkfor djus okys dkjd fyf[k,a What is optimum Tariff? Explain b"vre iz'kqyd D;k gksrk gs le>kb,a What are the objects of dumping? How antidumping can be prevented? jkf'kikvu ds mís'; crkrs gq, le>kb, fd izfr jkf'kikvu dks dsls jksdk tk ldrk gsa Section C 17

18 a [k.m l (Long Answer Type Questions) (nh?kz mùkjh; iz u) Attempt all questions. Each question carries 8 marks. lhkh iz uks a ds mùkj nsaa lhkh iz uksa ds fy;s 8 vad fu/kkzfjr gsa Q.No. 7. Q.No. 8. Q.No. 9. Q.No. 10. Q.No. 11. Discuss the factors determining the quantity of the gain of international trade. varjkz"vªh; O;kikj dh ykhk dh ek=k dks fu/kkzfjr djus okys rroksa dh foospuk dhft,a How will you explain the theory of Comparative Cost when transport cost is levied? vki rqyukred ykxrksa ds fl)kar dh O;k[;k dsls djsxsa tc ifjogu ykxrsa izos'k djrh gs\ Discuss theory of reciprocal demand. Explain its importance and limitations. ikjlifjd ekax ds fl)kar dh foospuk dhft, rfkk bldk egro,oa lhek,a le>kb,a What are trade indifference curve? What are its characteristics and what is its use in theory of international trade? O;kikj mnklhu oø D;k gksrk gs\ mudh fo'ks"krk, vksj varjkz"vªh; O;kikj ds fl)kar es mudk D;k mi;ksx gs\ Write short notes on any two of the following. A) International trade under conditions of constant costs. B) International trade under conditions of increasing costs. C) International trade under conditions of decreasing cost. fueufyf[kr esa ls fdugha nks ij laf{kir fvii.kh fyf[k,a A) flfkj ykxrksa dh n'kk ds varzxr varjkz"vªh; O;kikj B) c<+rh gqbz ykxrksa ds varxzr varjkz"vªh; O;kikj C)?kVrh gqbz ykxrksa dh n'kk es a varjkz"vªh; O;kikj What is Leontief Paradox? Examine it critically. fy;ksufrq fojks/kkhkkl le>kb, rfkk fy;ksufrq fojks/kkhkkl dh vkykspuk dhft,a What is the difference between commodity terms of trade and income terms of trade? State the applied importance of these concepts. olrqvksa vksj vk; ls laca) O;kikj 'krksza es a D;k varj gsa bu /kkj.kkvksa dk O;ogkfjd egro crkb,a What is the effect of change in commodity prices on real factor rewards in international trade? Explain. varjkz"vªh; O;kikj es a olrq dh dherksa es a ifjorzu dk oklrfod lk/ku vk; ij D;k izhkko im+rk gs] le>kb,a Tarrif will sometimes lead to retaliation. Explain. dhkh dhkh iz'kqyd ls izfr'kks/kkred uhfr dks izksrlkgu feyrk gs O;k[;k dhft,a Explain object and effects of dumping. jkf'kiru ds mís';,oa izhkko le>kb,a