UGC NET Mock Test 14 on Economics – 20 Questions for Practice

1. The apex financial institution responsible for the development of small and micro industries in India is

2. In a competitive market, a tax on wage income falls wholly on labour if :

3. During the period from 2004-05 to 2010-11, agricultural sector GDP

4. Items of social sector expenditure of the State Governments include
I. Education and sports
II. Energy and transport
III. Medical and public health
IV. Water supply and sanitation
Find the correct answer from the given codes :

5. Which item is likely to be the most significant item of expenditure of the Central Government during 2011-12?

6. Assertion (A) : The Union Budget for 2010-11 had begun the process of fiscal consolidation with a partial withdrawal of the stimulus measures.
Reason (R) : There was a clear evidence of economic recovery.
In the context of the above two statements, which one is correct from the given codes?

7. Given below are two statements, one labelled as Assertion (A) and other labelled as Reason (R) :
Assertion (A) : Information Technology (IT) industry is a ‘high knowledge' based industry that has developed rapidly in India, mainly on its own merits.
Reason (R) : Industry that is based on high knowledge does not need any significant support from the Government nor there is much scope for outside interference.
Choose the correct combination of codes given below :

8. Increase in agricultural production and productivity is a pre-condition

9. Which one of the following States contributed maximum to the production of pulses in the year 2009-10?

10. Which of the following institutions are regulated by the RBI as All India Financial Institution ?
I. Export Import Bank of India
II. National Housing Bank
III. State Bank of India
IV. Small Industries Development Bank of India
Select the correct answer from the given code :

11. Arrange the following Committees in chronological order from the given codes
I. Khusro Committee
II. Dantwala Committee
III. Narasimham Committee
IV. Kelkar Committee

12. Select the year in which the gross fiscal deficit, revenue deficit and primary deficit of the Central Government, as a percent of GDP were the highest?

13. Kisan Credit Card (KCC) Scheme was introduced in the year ___

14. The main objectives of food management are

15. Arrange the following reports in chronological order from the given codes :
I. Committee on Taxation of Agricultural wealth and income
II. Report of the task force on direct taxes.
III. Thirteenth Finance Commission : 2010-15
IV. Indian Tax Reforms – Report of a survey

16. Match ‘SEBI’ with the appropriate item among the following :

17. Assertion (A) : The working of Regional Rural Banks (RRBs) revealed that they eroded their capital base.
Reason (R) : Many RRBs are nonviable and have high operating costs.
Of the above two statements, give the correct answer from the given codes :

18. The general methods used to solve industrial disputes in India are
1. Collective bargaining
2. Compulsory arbitration
3. Adjudication
4. Decision by trade unions
Choose the correct combination of methods from the following :

19. Core inflation is a measure of inflation

20. First Green Revolution was primarily concerned with the production and productivity of _____?