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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

Economics: Chronological Order - Sample Questions---UGC NET

Economics: Chronological Order - Sample Questions

In this type of questions candidates are required to tick mark the option having the right chronological order.

sample questions:

Q.1

(i) Theory of monopolistic competition
(ii) Gurnot's Theory of Duopoly
(iii) Marshall's Theory of Quasi-rent.
(iv) Sweezy's kinked demand curve Analysis
Codes :

1. (iv) (iii) (i) (ii)
2. (i) (iii) (ii) (iv)
3. (ii) (iii) (i) (iv)
4. (iii) (i) (iv) (ii)

Q.2

(i) Peacock-Wiseman hypothesis
(ii) Buchanan's 'An Economic Theory of Clubs'
(iii) Wagner hypothesis
(iv) Findlay Shirras's canons of public expenditure
Codes :

1. (i) (iii) (ii) (iv)
2. (iii) (i) (iv) (ii)
3. (ii) (iv) (iii) (i)
4. (iii) (iv) (i) (ii)

Q 3

(i) Inventory Theoretic Approach
(ii) Restatement of the Quantity Theory of Money
(iii) Fisher's Equation of Exchange
(iv) Tableau Economique
Codes :

1. (i) (iii) (ii) (iv)
2. (iii) (ii) (i) (iv)
3. (iv) (iii) (i) (ii)
4. (ii) (i) (iv) (iii)

Q 4

(i) Introduction of Rolling Plan
(ii) The movement from Planning to Market mechanism
(iii) Feldman-Mahalanobis Model
(iv) Declaration of Plan holiday
Codes :

1. (i) (iii) (iv) (ii)
2. (ii) (iv) (i) (iii)
3. (iii) (iv) (i) (ii)
4. (i) (iii) (ii) (iv)

Q 5

(i) Specific Target-group Oriented Programmes
(ii) Introduction of Family Planning
(iii) Direct Anti-poverty Programmes
(iv) Minimum Needs Programme
Codes :

1. (ii) (i) (iv) (iii)
2. (i) (iii) (ii) (iv)
3. (iv) (iii) (i) (ii)
4. (iii) (ii) (iv) (i)

Q. 6

(i) WTO Ministerial Meeting at Cancun
(ii) WTO Ministerial Meeting at Hong Kong
(iii) WTO Ministerial Meeting at Singapore
(iv) WTO Ministerial Meeting at Doha
Codes :

1. (i) (iii) (ii) (iv)
2. (iii) (iv) (i) (ii)
3. (ii) (iii) (i) (iv)
4. (iv) (ii) (iii) (i)

Q. 7

Chairman of the Finance Commission
(i) N.K.P. Salve
(ii) C. Rangarajan
(iii) P.V. Rajmannar
(iv) K.C. Niyogi
Codes :

1. (i) (iv) (iii) (ii)
2. (iv) (iii) (i) (ii)
3. (iv) (i) (ii) (iii)
4. (iii) (i) (iv) (ii)

Q. 8

(i) Milton Friedman's Approach
(ii) Fishers Approach
(iii) Stock Balance Approach
(iv) Keynes Approach
Codes :
(A) (ii), (iii), (iv), (i)
(B) (i), (ii), (iii), (iv)
(C) (iii), (i), (ii), (iv)
(D) (iv), (iii), (i), (ii)
ANSWER
1. (ii) (iii) (i) (iv)
2. (iii) (i) (iv) (ii)
3. (iv) (iii) (i) (ii)
4. (iii) (iv) (i) (ii)
5. (i) (iii) (ii) (iv)
6. (ii) (iii) (i) (iv)
7. (iv) (iii) (i) (ii)
8. (ii) (iii) (iv) (i)

Part: II Sample Questions--UGC NET

Part: II Sample Questions
1. The goods which are non-rival in consumption are called :
(A) Private goods (B) Free goods
(C) Public goods (D) Non-economic goods
2. A competitive firm achieves long-run equilibrium in the product market when :
(A) AR = MR (B) MR = AC
(C) MR = MC (D) Price = AR
3. The statement that the compensation principle of welfare economics is capable of givingcontradictory results is associated with the name of :
(A) T.Scitovsky (B) A. Pareto
(C) ABergson (D) P.A Samuelson
4. A rational consumer choosing between uncertain events will make a choice on thebasis of:
(A) expected monetary benefits (B) expected utility
(C) expected prices (D) expected incomes in future
5. Which of the following is not an element of selling cost:
(A) salary of the salesmen (B) expenses incurred in advertising
(C) transportation cost (D) costs incurred on window displays
6. Keynesian economics lays more emphasis on :
(A) monetary policy (B) fiscal policy
(C) interest-rate determination (D) free market mechanism
7. High-powered money is produced by :
(A) Commercial banks (B) Co-operative banks
(C) Ministry of Finance (D) Reserve Bank of India
8. A person who left the job to find another job would be classified as :
(A) fractionally unemployed
(B) structurally unemployed
(C) cyclically unemployed
(D) no longer in the labour force
9. Second Five Year plan was based on a model developed by :
(A) C.H. Hanumantha Rao (B) P.C. Mahalanobis
(C) A.K. Sen (D) K.N. Raj
10. The theory of unlimited supply of labour was proposed by :
(A) J.M. Keynes (B) Robert Solo
(C) A. Lewis (D) Roy Harrod

Answers: 1.c2. c 3. a 4. b 5.c 6.b 7.d 8. a (unemployment due to job dearch) 9.b 10. c