UGC NET Mock Test 13 on Economics – 20 Questions for Practice

 

Take Test 13 20 questions for Practice – Economics Test 13

 

1. Correlation coefficient between X and Y is 0.3 and correlation coefficient between P and Q is 0.6, then the strength of correlation between P and Q is higher than that between X and Y by
a.
b.
c.
d.

2. Which of the following is the condition(s) of economic viability and technological feasibility of Leontief’s static model?
a.
b.
c.
d.

3. Given the total cost function C = 7Q2 + 26Q + 5, MC at Q = Rs. 5 is
a.
b.
c.
d.

4. The ‘Golden Age’ model was developed by
a.
b.
c.
d.

5. Full employment and balance of payments equilibrium will be automatically achieved in an optimum currency area
a.
b.
c.
d.

6. In the presence of Heteroscedasticity, which of the following is not a correct statement?
a.
b.
c.
d.

7. The Bretton – Woods system
a.
b.
c.
d.

8. Assertion (A) : The new endogenous growth theory examines production function that shows increasing returns.
Reason (R) : Because of specialization and investment in knowledge capital.
a.
b.
c.
d.

9. The act of simultaneously buying a currency in one market and selling in another market is called
a.
b.
c.
d.

10. WTO Agreement on Agriculture consists of
I. Domestic support
II. Export subsidies
III. Market access
IV. Input subsidies
a.
b.
c.
d.

11. Under the post 1991 economic policies, the Government of India supports
a.
b.
c.
d.

12. In Harrod’s growth model, neutral technical progress implies technical progress as
a.
b.
c.
d.

13. Which are the two gaps affecting growth process of an economic system in the two gap model of growth?
a.
b.
c.
d.

14. The terms of Trade of the developing countries are unfavourable due to the fact that whenever income in developed countries increases, the demand for primary goods reduces because
a.
b.
c.
d.

15. Arrange the order of WTO ministerial
I. Seattle
II. Cancun
III. Singapore
IV. Doha
a.
b.
c.
d.

16. Given below are the various combinations giving the steps of industrial development. Select the correct sequential combination of steps.
a.
b.
c.
d.

17. Examples of economic integration
I. Free trade area
II. Customs union
III. Common market
IV. Cartel
a.
b.
c.
d.

18. The maximum rate of tariff that India can levy on edible oil under the WTO Agreement on Agriculture is
a.
b.
c.
d.

19. Which of the following hypotheses are tested by a regression function?
a.
b.
c.
d.

20. All internationally traded services are covered under which of the following WTO agreements?
a.
b.
c.
d.


 


 
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