ECONOMICS PAPER II SAMPLE TEST IV (Solved)--UGC NET

ECONOMICS PAPER II SAMPLE TEST IV (Solved)

1. Chamberlin introduced the concept of cost known as :
   (A) Fixed cost
   (B) Floating cost(C) Selling cost
   (D) Variable cost

2. If commodities are perfect substitutes indifference curve becomes a :

(A) Downward sloping curve (B) straight line with negative slope(C) Right angle (D) Rectangular hyperbola

3. C E S Production function is associated with the name of one of the following : (A) Joan Robinson (B) B. S. Minhas(C) Manmohan Singh(D) A. K. Sen

4. Psychological law of consumption is given by :

(A) Milton Friedman (B) Pigou(C) Tobin (D) Keynes

5. When interest elasticity of demand for money is zero the L - M curve is :
   (A) Vertical Parallel to Y-axis
   (B) Horizontal Parallel to X-axis
   (C) Positive Sloping straight line
   (D) Negative Sloping straight line
6. Natural rate of unemployment is the rate of unemployment at which :

(A) Rate of inflation is stable
(B) Rate of inflation is unstable
(C) Rate of inflation is falling
(D) Rate of inflation is rising
7. Knife - Edge Problem arises in :

(A) Solow model (B) Kaldor Model (C) Joan Robinson model(D) Harrod - Domar Model

8. Who has propounded the theory of Unbalanced growth ?

(A) E. Domar (B) A. K. Sen(C) A. O. Hirshman (D) W. A. Lewis

9. Exclusion principle is not applicable to :
(A) Merit goods

(B) Private goods

(C) Social goods

(D) All goods

10. Redemption of Public Debt means :

1. Repayment of Public Debt
2. Refusal to pay Public debt
3. Redefining of Public debt in terms of foreign currency
4. Linking Public debt with inflation rate