List of top Questions asked in IIT JAM EN- 2024

Two distinct integers are chosen randomly from 5 consecutive integers. If the random variable x represents the absolute difference between them, then the mean and variance of x are, respectively,

Let $S_1 = {(x, y) ∈ R^2 ∶ x + y ≥ 1, x + y ≤ 2, y ≥ x^2, x, y ≥ 0}$ and $S_2 = {(x, y) ∈ R^2 ∶ x + y ≥ 1, x + y ≤ 2, y ≤ x^2, x, y ≥ 0}.$ Then, which of the following is CORRECT ?

Suppose nominal GDP equals 1,000 units and money supply equals 250 units. Based on the quantity theory of money, the velocity of money equals

Which of the following measures was NOT initiated by the Government of India as a part of economic reforms in 1991?

Suppose a random variable 𝑋 follows an exponential distribution with mean 50. Then, the value of the conditional probability $ P(X > 70 | X > 60)$ is

Which of the following was announced in the Union Budget 2023-24 to enhance the skills of lakhs of youth in the next 3 years?

Consider a closed economy with consumption function $ C = 2 + 0.5𝑌$, where 𝑌 is income. The government expenditure is 3 and investment function is $ I = 4 − 0.5r $ , where r is interest rate. Then, the slope of the IS curve will be

Consider a production function of the form:
$ Y = 𝑎 log L + (1 − 𝑎) log K , 𝑎 ∈ (0, 1), 𝑎 ≠ 0.5 $
where, Y is output, L is labour, and K is capital. Then, the absolute value of elasticity of substitution is

Let 𝑥 and 𝑦 be two consumption bundles, assumed to be non-negative and perfectly divisible. Further, the assumptions of completeness, transitivity, reflexivity, non-satiation, continuity, and strict convexity are satisfied. Then, which of the following statements is NOT CORRECT?

Which one of the following is a non-parametric test?

GDP_F = Gross Domestic Product at Factor Cost; GDP_M = Gross Domestic Product at Market Price; NNP_F= Net National Product at Factor Cost; C = Consumption; I = Investment; G = Government Expenditure; X = Export; M = Import; T = Tax; S = Saving; D = Depreciation; NIA = Net Income from Abroad
Which of the following expressions is/are CORRECT?

Using the following table,

Year	Population of the Economy	GDP of the Economy (in crore)
2010	20,000	25,000
2020	25,000	40,000

the average growth rate (compounded annually) of per capita GDP in an economy during the period 2010-2020 is ________ (in percent, round off to 2 decimal places).

Consider a Keynesian Cross Model with following features,
Consumption Function: C = C0 + b(Y-T) 
Tax Function: T = T0 + tY 
Income Identity: Y = C + I0 + G0 
Where, C = Consumption; Y = Real Income; T = Tax; I = Investment; 
G = Government Expenditure; b = Parameter; t = Tax Rate 
(The subscript 0 (zero) indicates that the concerned variable is autonomous) 
If b = 0.7 and t = 0.2, value of the Keynesian multiplier is ________ (round off to 2 decimal places).