Name of the University : Pacific University
Exam : Ph.D. Admission Test
Degree : PhD
Document Type : Model Question Paper
Name of the Subject : Economics
Website : http://www.pacific-university.ac.in/Research-Programmes
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/24738-ECONOMICS.pdf
Pacific University Admission Test Economics Question Paper
Download Sample Question Paper For Ph.D. Admission Test Economics from the Above PDF link
Max. Marks : 100
Related : Pacific University Ph.D. Admission Test Commerce Sample Question Paper : www.pdfquestion.in/24728.html
Instructions for Candidates
** Attempt all 50 questions, each question carry 02 marks.
** There is no negative marking.
** Please write the correct answer in the form of A/B/C/D at appropriate given place with blue/black pen.
Sample Questions
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 [ ]
21. Mixed economy is related to
A. Capitalism
B. Socialism
C. Feudalism
D. A and B both [ ]
22. Big Push theory relates to
A. Increase in Population
B. Increase in Exports
C. Increase in investment
D. Unemployment [ ]
23. Demonstration effect leads to increase in
A. Investment
B. Consumption
C. Saving
D. Taxes [ ]
24. The Critical Minimum effort theory was developed by
A. A Lewis
B. Fei-Ranis
C. H Leibenstein
D. A.K. Sen [ ]
25. Public Finance deals with
A. Household Budget
B. Company Budget
C. Government Budget
D. Individual budget