UGC NET Mock Test 1 on Economics – 20 Questions for Practice

 

Take Test 1 20 questions for Practice – Economics Test 1

 

1. The order condition is
a.
b.
c.
d.

2. Cobb-Douglas production function Q = ALα K1–α does not possess the characteristics of
a.
b.
c.
d.

3. The biggest component of reserve money in India is
a.
b.
c.
d.

4. Assertion (A): The prices of Government securities in gift-edged market are not formed freely.
Reason (R): The Reserve Bank of India has a monopoly dealer position and the demand for Government securities has a captive nature.
a.
b.
c.
d.

5. Which of the following programmes is not included in rural infrastructure development in India?
a.
b.
c.
d.

6. Who among the following is not associated with the collective bargaining by the labour with the management?
a.
b.
c.
d.

7. The components of the organized sector of the money market
I. Bill market
II. Stock market
III. Gift-edged market
IV. Bank loan market
a.
b.
c.
d.

8. In a multiple regression with two independent variables and 12 observations F value calculated is to be tested. What will be the degrees of freedom for the numerator and denominator in testing procedure?
a.
b.
c.
d.

9. Backward-bending supply curve of labour suggests that
a.
b.
c.
d.

10. What is the meaning of the term “heteroscedasticity”?
a.
b.
c.
d.

11. Regression coefficient is independent of change in
a.
b.
c.
d.

12. Linear Programming Technique was developed for the first time by
a.
b.
c.
d.

13. Suppose that observations are available on the monthly bond prices of 100 companies for five years. What type of data are these?
a.
b.
c.
d.

14. Which of the following estimation techniques are available for the estimation of over-identified systems of simultaneous equations?
(i) OLS
(ii) ILS
(iii) 2SLS
(iv) IV
a.
b.
c.
d.

15. The M1 definition of money is
a.
b.
c.
d.

16. Find out the correct answer from the codes given below:
Credit Rating Agencies in India
I. CRISIL
II. ICRA
III. TDICI
IV. CARE
a.
b.
c.
d.

17. The situation of people in villages and towns of strong emigration receiving high amount of remittances has been described as “private affluence and public squalor” by
a.
b.
c.
d.

18. Which of the following is not correct about a population pyramid?
a.
b.
c.
d.

19. For a viable input-output system which conditions are postulated?
a.
b.
c.
d.

20. For a firm in long-run equilibrium producing an allocatively efficient level of output where marginal cost is equal to demand, which of the following does not apply?
a.
b.
c.
d.