Name of the Organisation : Sri Sathya Sai Institute of Higher Learning
Exam : SSSIHL Admissions Test Question Paper
Degree : Undergraduate Programme
Subject : Economics
Document Type : Model Question Paper
Website : https://www.sssihl.edu.in/
Download Model Question Paper : https://www.pdfquestion.in/uploads/25086-Economics.pdf
SSSIHL Admissions Test Economics Question Paper
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Important Instructions
** SHADE the correct Response viz., A, B, C, D or E in the RESPONSE SHEET. Each Question carry ONE mark.
1) Please write/shade Question Paper Code in the box provided in the Essay Sheet and in the Response Sheet.
2) Please do not write on the Question Paper booklet. Blank sheets will be provided on request for rough work.
3) Please NOTE that an incorrect response will attract negative marking.
Sample Questions
Questions: 40
Time : 40 Minutes
Max. Marks 40 x 1 : 40
1 .Microeconomics deals with
a) Deficit
b) Factor Pricing
c) Investment
d) Inflation
e) Employment
2. Which of the following pairs of commodities is an example of substitutes?
a) Coffee and Tea
b) Petrol and Car
c) Pen and Ink
d) Mustered oil and Honey
e) Pencil and Eraser
3. When Total Utility increases, Marginal Utility is
a) Negative
b) Negative and increasing
c) Negative and declining
d) Zero
e) Positive and declining.
4. Socialist economy refers to economy in which goods are produced by
a) Private sector
b) A and B
c) Public and Private
d) None of the above
e) Government sector
5. Equilibrium price is determined where
a) Demand for a commodity is zero
b) Supply of commodity is zero
c) Demand and supply are equal
d) Demand is either more or less than supply
e) Demand is exactly half the supply
6. Real wage is
a) The payment in money units for a unit of labour contributed in a production
b) The purchasing power of money wage
c) Contract wage
d) Perks
e) Contribution of a labour without receiving any payment
7. Gross National Product equals:
a) Net National Product adjusted for inflation
b) Gross Domestic Product adjusted for inflation
c) Gross Domestic Product plus net property income from abroad
d) Net National Product plus net property income from abroad
e) Gross Domestic Product minus net property income from abroad
8. Inclusive Growth refers to
a) Inclusion of poor in the formal economy
b) Unlimited Growth path of development
c) Limits to Growth
d) Promotion of inequality
e) Urban Development
9 Reserve Bank of India was nationalized in the year
a) 1935
b) 1945
c) 1949
d) 1969
e) 1947
10. India’s annual Inflation during 2015, was around
a) 6 percent
b) 9 percent
c) 10 percent
d) 7 percent
e) 8 percent
11. Product differentiation is a special feature of
a) Perfect competition
b) Monopoly
c) Monopsony
d) Monopolistic competition
e) Discriminating monopoly
12. Economies of scale means
a) Reduction in unit cost of production
b) Reductions in Unit cost of distribution
c) Addition to the unit cost of Production
d) Reduction in the total cost of production
e) All of the above
13. The advocate of the Loanable Fund theory of Interest is
a) Keynes
b) Lionel Robbins
c) Roberson
d) Paul Sameulson
e) Wicksell
14. Net National Product equals:
a) Gross National Product adjusted for inflation
b) Gross Domestic Product adjusted for inflation
c) Gross Domestic Product plus net property income from abroad
d) Gross National Product minus depreciation
e) Gross National Product plus depreciation
15 The standard of living is often measured by:
a) GDP Per capita
b) Real GDP per capita
c) Real GDP
d) Real GDP x population
e) Real GDP plus depreciation