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UGC NET Economics Question Answers Free Online Practice Test

UGC NET Economics MCQ Questions Answers for competitive exams: This mock test having 25 question each, with four choices. On each click on answers system will tell you where the answers is correct or incorrect. You can view this UGC NET Economics test question details at the end of the quiz.

This National Eligibility Test (NET) Economics questions answers are applicable for any kind of entrance exam or job related exam especially for Lecturer and PHD examination. You can practice as much as you can to gather knowledge of how to answers UGC NET Economics critical type papers in short time and this can be a big factor for cracking PHD level exam.

UGC Economics

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Question 1
In calculating the buoyancy of a tax, we consider
A
Only discretionary changes
B
Only automatic changes
C
Both (A) and (B)
D
Neither (A) nor (B)
Question 2
Marginal Revenue of a Monopoly firm is less than the price. Because :
A
Demand curve has a positive slope.
B
Demand curve has a negative slope.
C
Monopolist incurs losses.
D
Monopolist is in equilibrium.
Question 3
Which of the following measures of the central tendency suits the data best if the objective is to assess the distribution of values ?
A
Arithmetic mean
B
Mode
C
Median
D
Kurtosis
Question 4
For an inferior goods, income consumption curve and Engles curves are
A
Positively sloped
B
Negatively sloped
C
Are the same
D
Income consumption curve positively sloped and the Engles curve is negatively sloped
Question 5
Comparative cost advantage in Ricardo’s international trade theory arises due to
A
Labour cost differences
B
Differences in factor endowment
C
Factor abundance defined in terms of factor prices
D
All of the above
Question 6
If the demand for money is perfectly interest inelastic, the LM schedule will be
A
Upward sloping
B
Downward sloping
C
Horizontal line
D
Vertical line
Question 7
The classical economists focussed on the role of money as
A
medium of exchange
B
medium of distribution
C
wealth
D
link between present and future
Question 8
In India, in 2004-05 the number of poor persons below poverty line was the highest in the State of
A
Bihar
B
Uttar Pradesh
C
Madhya Pradesh
D
Rajasthan
Question 9
Harrod-Domar model of economic growth is based on the equilibrium between
A
Income generation and productive capacity creation
B
Equilibrium between income and consumption
C
Equilibrium between savings and investment
D
None of the above
Question 10
Which of the following is not a component of Bharat Nirman ?
A
Rural housing
B
Rural electrification
C
Agro-based industries
D
Rural telephony
Question 11
The doctrine of unbalanced growth was propounded by I. Hirschman II. Robert Solow III. Singer IV. Ragnar Nurkse
A
I and II are correct.
B
II and III are correct.
C
III and IV are correct.
D
I and III are correct.
Question 12
A point of ‘Kink’ in the kinked demand curve indicates I. Price rigidity II. Quantity rigidity III. Price flexibility IV. Quantity flexibility
A
I and II are correct.
B
II and III are correct.
C
III and IV are correct.
D
I and IV are correct.
Question 13
Harrod-Domar model of economic growth is based uponI. Warranted growth rate II. Investment growth rate III. Productivity growth rate IV. Natural growth rate
A
I and II are correct.
B
II and III are correct.
C
III and IV are correct.
D
I and IV are correct.
Question 14
Improvement in the BOP deficit may be effected through I. Import control II. Export promotion III. Foreign exchange control IV. Devaluation
A
I and II are correct.
B
I, II, III and IV are correct.
C
II and III are correct.
D
I, II and III are correct.
Question 15
In Keynesian system speculative demand for money arises because of I. Uncertainty of future interest rates II. Unexpected expenditures III. To bridge the gap between income and eventual expenditure IV. Relationship between changes in the interest rates and bond prices
A
I and III are correct.
B
I and IV are correct.
C
II and III are correct.
D
III and IV are correct.
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There are 15 questions to complete.



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