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Gokhale Institute of Politics and Economics, Pune

Deemed University


Sample Questions


1. Jayesh is taller than Mohan but shorter than Ashok. Shashi is taller than Mohan but
shorter than Vijay. Who among them is the tallest?

(A) Ashok (B) Vijay (C) Either Vijay or Ashok (D) None of these

2. Hot : Scalding as

(A) Cold: Freezing (B) Cold: Lukewarm

(C) Cold: Warm (D) None of the above

3. In the following question a number series is given with one term missing. Choose the correct
alternative that will continue the same pattern and fill in the blank space.

2, 7, 14, 23, ------, 47

(A) 31 (B) 28 (C) 34 (D) 38

4. Complete the sequence

a, c, f, j, ------

(A) o (B) n (C) p (D) D

5. What is the sum of two consecutive even numbers, the difference of whose squares is 84?

(A) 32 (B) 34 (C) 38 (D) 42

6. Of the following statements, two statements cannot both be true, but both can be false.
Which are these two statements?
I. All machines make noise
II. Some machines are noisy
III. No machine makes noise
IV. Some machines are not noisy

(A) I & II (B) III & IV (C) I & III (D) II & IV
7. B2CD, _____, BCD4, B5CD, BC6D

(A) B2C2D (B) BC3D (C) B2C3D (D) BCD7

8. Bank is related to Money in the same way as Transport is related to

(A) Traffic (B) Goods (C) Speed (D) Road

9. In a code, CORNER is written as GSVRIV. How can CENTRAL be written in that code?



(A) A (B) B (C) C (D) D

Section B

Q. 1 If the tax payment rises faster than the income, the tax is a
(A) progressive tax (B) regressive tax
(C) proportional tax (D) fate rate tax

Q. 2 The following is/are not example(s) of externality:

(A) Pollution emanating from a factory chimney which is hazardous to the health of
people living nearby
(B) Construction of roads for facilitating transportation to a factory
(C) Traffic signal put up by the government
(D) Both b) and c) above

Q. 3 Which object has the lowest elasticity of supply?

(A) Luxury items (B) Necessities

(C) Perishable goods (D) None of the above

Q. 4 Total cost function of a firm is given below:

TC = 200Q – 9Q2 + .25 Q3

The minimum possible marginal cost is

(A) Rs. 92 (B) Rs. 96 (C) Rs. 120 (D) Rs. 126

Q. 5 A kinked demand curve occurs in an oligopoly when a firm

(A) Increases its price and others do not follow

(B) Decreases its price and other follow
(C) Decreases its price and other do not follow
(D) Both (A) and (B) above

Q. 6 Where a tax can be shifted the incidence depends on

(A) How many producers there are

(B) Who is legally obliged to pay the tax
(C) Elasticity of demand and supply
(D) Whether there is perfect or imperfect information

Q. 7 The models used for planning in India are based on the idea of

(A) Mahatma GandhI (B) Manavendra Nath Roy

(C) J. R. D. Tata (D) P. C. Mahalanobis

Q. 8 L-Shaped indifference curves arise when

(A) Commodities are unrelated to one another

(B) Commodities are perfect substitutes of one another
(C) One commodity is a necessity and the other a luxury
(D) Commodities are perfect complements of one another
Section C

Q.1 If a hypothesis is rejected at the 5% level of significance, it

(A) will always be rejected at the 1% level
(B) will always be accepted at the 1% level
(C) will never be tested at the 1% level
(D) may be rejected or not be rejected at the 1% level

Q.2 At a large university, the probability that a student takes Calculus and Statistics in the same
semester is 0.0125. The probability that a student takes Statistics is 0.125. Find the
probability that a student is taking Calculus, given that he or she is taking Statistics.

(A) 0.1 ( B) 0.1125 (C) 0.0016 (D) 0.1375

Q.3 Which of the following are true statements:

I. All bell-shaped distributions are symmetric.
II. Bar charts are useful to describe quantitative data.
III. Cumulative frequency plots are useful to describe quantitative data.

(A) I only (B) I and II only (C) II and III only (D) I and III only

Q.4 If x is 48, Median is 47, Mode value will be ------

(A) 44 (B) 50 (C) 45 (D) 49

Q. 5 The length of time it takes college students to find a parking spot in the library parking lot
follows a normal distribution with a mean of 4.5 minutes and a standard deviation of 1
minute. The cut-off time which 75.8% of the college students exceed when trying to find a
parking spot in the library parking lot is ------. (Correct to 1 decimal place).

(A) 5.3 min (B) 4.8 min (C) 5.2 min (D) 3.8 min