civil service question paper eco.........

C.S.E. ECONOMICS (Prelim.)

1. Which of the following index numbers satisfies both time-reversal test and

factor-reversal test?

(a) laspeyre's index number

(b) Paasche's index number

(c) Fisher's index number

(d Drobish and Browley index number



2. Match list 1 (r value) with List II (Interpretation) and select the correct

answer using the code give below the lists

List 1 List II

A. 0.26 I. High negative relation

B. -0.35 2. Low positive relation

C. 0.89 3. High positive relation

D. 0.98 4. Low negative relation

5. No relation

A B C D A B C D

(a) 3 I 5 2 (b) 2 4 I 3

(c) 2 I 5 3 (d) 3 4 I 2



3. Consider the following statements about range

1. It is a measure of variability.

2. It is very easy to calculate.

3. It is not influenced by the extreme values.

4. It is not based on all the observations.

Which of the statements given above is/are correct?

(a) J only (b) I and 2

(c) 2 and 3 (d) I, 2 and 4



4. The average consumption expenditure of 100 families is Rs. 1500 and the

variance in consumption expenditure is 90.What is the coefficient of

variation in consumption expenditure?.

(a) 0.6 (b) 2

(c) 6 (d) 9



5. When is the average deviation minimum?

(a) When deviations are taken from the moving averages

(b) When deviations are taken from the arithmetic mean

(c) When deviations are taken from the mode

(d) When deviations are taken from the median



6. What is the correct sequence of variability in descending order of magnitude in

the Lorenz curve of income distribution of three groups (A, Band C) of persons

given above?

(a) A - B - C (b) B - C - A

(c) C-A-B (d) C-B-A



7. Match List I (Measures of Dispersion) with List II (Characteristics) and

select the correct answer using the code. given below the lists:

List I List II

A. Range 1. Relative measure of dispersion

B. Variance 2. Uses limited information

C. Coefficient of variation 3. Standard deviation

D. Inter-quartile range 4. Lower than range

5. Greater than range

A B C D A B C D

(a) 2 3 I 4 (b) 1 4 5 3

(c) 2 4 1 3' (d) I 3 5 4



8. In Arthur Lewis's model, the surplus of output over wages paid is

reinvested. Which of the following does this lead to ?

1. Increase in output.

2. Increase in labour productivity. 3. Increase in employment..

Select the correct answer using the code given below:

(a) 1 and 2 (b) 1 and 3

(c) 2 and 3 (d) 1, 2 and 3



9. Let EERx and EERm denote the effective exchange rates, respectively, for

exports and imports. A country is said to be following an import-substituting

strategy of development if

(a) EERx> EERm (b) EERx < EERm

(c) EERx> 1 (d) EERm> I



10. In the initial stages of planned development starting from its Second Five

Year Plan, the strategy of development adopted by India was based on

which of the following?

1. Heavy industries 2. Export promotion

3. Light industries 4. Import substitution

Select the correct answer using the code given below':

(a) 1 and 2 (b) 3 and 4

(c) I and 4 (d) 2 and 3

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