1. From the following identify one which is not a collusive oligopoly model
(A) Cartels
(B) Edgeworth Model
(C) Price Leadership
(D) Market Share Model
Answer B
2. The rate at which the consumer can trade one good for another is termed as marginal rate of substitution in
(A) exchange
(B) consumption
(C) production
(D) the distribution
Answer A
3. If demand equation is given by D = 1000 – P and the supply equation is given by S = 100 + 4P, price will be
(A) 160
(B) 180
(C) 170
(D) 200
Answer B
4. Arrange the following steps, involved in the estimation of a demand function using econometric analysis, in the proper order
(i) Collection of data
(ii) Estimating the parameters of the model
(iii) Mathematical specification of the relationship among the variables
(iv) Using the estimates to arrive at the estimates of variables.
(v) Identification of variables
Codes :
(A) (v), (i), (iii), (iv), (ii)
(B) (i), (ii), (iii), (iv), (v)
(C) (i), (ii), (iv), (iii), (v)
(D) (v), (i), (iii), (ii), (iv)
Answer D
5. Match the items given in Column A with the suitable items given in Column B :
Column A Column B
a. Maximisation of society’s welfare i. Equilibrium
even when individuals behave
selfishly to further their own
economic status.
b. State of balance from which there ii. Non-Satiation
is no tendency to change.
c. Best possible state within a given set iii. The invisible hand
of constraints.
d. A situation wherein a customer always iv. Optimisation
prefer more of goods to less of goods.
Codes :
a b c d
(A) iv i iii ii
(B) ii i iv iii
(C) iii i iv ii
(D) iv i ii iii
Answer C
6. Which one is not the technique of personality measurement ?
(A) Projective Technique
(B) Word Association Technique
(C) Raven’s Progressive Matrices
(D) Sentence Completion Technique
Answer C
7. Drive is explained by
(A) any strong stimulus that impels action.
(B) any object, event exiting in the environment.
(C) anything that increases the repetition of behaviour.
(D) none of the above
Answer A
8. Consider the following phases of Organisational Development (OD) :
a. Entry into the organisation
b. Development of internal resources
c. Problem identification
d. Specific intervention
e. Building a collaborative culture
Rearrange the above stages in an orderly sequence :
(A) a → c → b → d → e
(B) a → b → c → d → e
(C) c → b → a → e → d
(D) a → c → d → e → b
Answer D
9. Match the following :
Explanation Term
a. The beliefs or ideas one has 1. Attitude
about an object or situation
b. The feelings or emotions one 2. Cognitive component
has about an object or situation
c. Psychological discomfort experienced 3. Affective component
when attitudes and behaviour are inconsistent
d. How one intends to act or behave 4. Behavioural component
toward someone or something
e. Learned predisposition toward a given 5. Cognitive dissonance
object
Codes :
a b c d e
(A) 1 2 3 4 5
(B) 2 3 5 4 1
(C) 3 2 4 5 1
(D) 5 3 4 2 1
Answer B
10. Match the theories given in Column – I with the explanations in Column – II :
Column – I Column – II
a. Super ego 1. Individual moves from a state of passivity
as a child to state of activity as an adult.
b. Closure 2. Social values and personal norms that serve
as an ethical constraint on behaviour.
c. Immaturity – Maturity Theory 3. Perception of a person about how others are
perceiving his qualities.
d. Looking glass-self 4. People when faced with incomplete
information tend to fill gaps themselves.
Codes :
a b c d
(A) 1 2 3 4
(B) 1 2 4 3
(C) 2 1 3 4
(D) 2 4 1 3
