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December 2011 - Paper 2

1:  

Match the following:

Books  

 Authors

a. India and Economic Reforms      

 i. Bhagwati, J.

b. Development planning: The Indian Experience  

 ii. Chakravarty, S.

c. India: Economic Development and Social Opportunity

 iii. Drenz, J and Amartya Sen

d. Fiscal Policy of Underdeveloped countries

 iv. Chelliah, R. J.

 

A.

(a) (b) (c) (d)

i    ii    iii   iv

B.

(a) (b) (c) (d)

ii    iii    iv    i

C.

(a) (b) (c) (d)

iii    iv    ii    i

D.

(a) (b) (c) (d)

i    iv    iii    ii

 
 

Option: A

Explanation :

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2:  

Assertion (A): "Utility will be maximised when the marginal unit of expenditure in each direction brings the same increment of utility."

Reason (R): A consumer will try to maximise his utility.

A.

Both (A) and (R) are true.

B.

Both (A) and (R) are false.

C.

(A) is true, but (R) is false.

D.

(A) is false, but (R) is true.

 
 

Option: A

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3:  

A proposed organizational change may create ______.

A.

Emotional Turmoil & Tension

B.

Problem of social displacement

C.

Fear of unknown

D.

All of the above

 
 

Option: D

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4:  

Modigliani and Miller's dividend policy of a firm is

A.

Relevant

B.

Irrelevant

C.

Unrealistic

D.

None of the above

 
 

Option: B

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5:  

NABARD has taken over the entire functions of

A.

ARDC

B.

ACD of RBI

C.

RPCD of RBI

D.

All of the above

 
 

Option: D

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