UGC NET Mock Test 9 on Economics - 20 Questions for Practice

UGC NET Mock Test 9 on Economics – 20 Questions for Practice

Take Test 9 20 questions for Practice – Economics Test 9

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1. ‘Apna Khet, Apna Kaam’ (i.e. own field, own work) is a new scheme under MNREGA and it was initiated in the State

a.Madhya Pradesh

b.Punjab

c.Rajasthan

d.Gujarat

2. A spot Foreign Exchange Transaction refers to

a.none of the above.

b.the purchase of foreign exchange for delivery.

c.the sale of foreign exchange for delivery.

d.the purchase or sale of foreign exchange for delivery within two business days.

3. Income elasticity of demand for food in developed countries is less than

a.1

b.3

c.zero

d.2

4. Grants from the Centre to the States under the recommendations of the Finance Commission are known as

a.Plan grants

b.Development assistance

c.Statutory grants

d.Discretionary grants

5. The Total Factor Productivity (TFP) in agriculture during the 11th plan in India

a.Increased

b.Declined

c.Remain unchanged

d.Had no specific pattern

6. What is the main purpose of U.N.E.P.?

a.Economic development

b.Reduction in temperature

c.Equal development

d.Sustainable development

7. There are four phases of a business cycle. Identify the correct sequence of the occurrence of these phases:

a.Recovery, Expansion, Depression, Recession

b.Depression, Expansion, Recession, Recovery

c.Recovery, Recession, Expansion, Depression

d.Recovery, Expansion, Recession, Depression

8. Food-grains in India are canalized by

a.ONGC

b.FCI

c.OIL

d.MMTC

9. Assertion (A): Yellow Revolution increased the production of seeds.
Reason (R): White Revolution increased the production of milk.

a.(A) is true, but (R) is false.

b.(A) is false, but (R) is true.

c.Both (A) and (R) are true, but (R) is not the correct explanation of (A).

d.Both (A) and (R) are true and (R) is the correct explanation of (A).

10. Under a managed floating exchange rate system, the Nation’s monetary authorities intervene in Foreign Exchange Markets to

a.smooth out short-run fluctuations in exchange rates

b.smooth out long-run fluctuations in exchange rates

c.keep exchange rates fixed among a group of nations

d.smooth out short-run and long run fluctuations in exchange rates

11. Which one of the following taxes is within the jurisdiction of the Central Government as enumerated in List I of the Seventh Schedule of the Constitution of India?

a.Taxes on the consumption and sale of electricity

b.Excise on alcoholic liquors for human consumption, opium, Indian hemp and other narcotics

c.Taxes on mineral rights subject to any limitation imposed by the Parliament

d.Taxes on sale and purchase of newspapers and on advertisements therein

12. The biggest holder of Government of India dated securities:

a.Reserve Bank of India

b.Commercial Banks

c.Employees Provident Fund

d.Life Insurance Corporation of India

13. As per provisional data released by C.S.O. for Q1 of 2012-13, the GDP growth has been estimated at

a.0.055

b.0.059

c.0.062

d.0.051

14. Regarding M.F.N. (Most Favoured Nation) clause, find out the correct statement:

a.It guarantees only equal treatment.

b.The unconditional M.F.N. clause seems to be more equitable than the conditional one.

c.The conditional M.F.N. clause confers significant rights on the contracting party.

d.It guarantees special privilege to the contracting parties.

15. The immediate cause for the collapse of the Bretton Woods system was

a.the massive flight of liquid capital from the U.S.

b.the expectation that the U.S. would soon be forced to devalue the dollar.

c.the attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.

d.All of the above

16. Which of the following is related with optimum currency area?

a.Single currency or the pegged currencies fluctuate jointly visà-vis other currencies

b.All the above

c.Optimal geographical area for a single currency

d.Optimal geographical area for several currencies whose exchange rates are relatively pegged

17. In case of Fixed Exchange Rate regime adjustment in Balance of Payments takes place through

a.changes in interest rate

b.none of the above

c.changes in the price level

d.changes in exchange rate

18. ‘Price Scissors’ refer to

a.None of the above

b.Relative price of industrial goods in terms of agricultural goods

c.Relative price of fuel and industrial goods

d.Relative price of imported goods in terms of the exported goods

19. In whose economic theories, Malthus’ theories are in the base?

a.Keynes

b.Adam Smith

c.Robins

d.Ricardo

20. Which of the following is true with respect to the monetary approach to the balance of payments?

a.All the above

b.Balance of payments disequilibrium are automatically corrected in the long run.

c.A balance of payments deficit results from an excess supply of money in the nation.

d.A balance of payments surplus results from an excess demand for money.

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UGC NET Mock Test 9 on Economics – 20 Questions for Practice

UGC NET Mock Test 9 on Economics – 20 Questions for Practice

Take Test 9 20 questions for Practice – Economics Test 9

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