UGC NET Mock Test 16 on Economics – 20 Questions for Practice

 

Take Test 16 20 questions for Practice – Economics Test 16

 

1. Assertion (A) : Investment has a supply effect.
Reason (R) : Because it raises the capacity to produce.
a.
b.
c.
d.

2. Assertion (A) : Disguised unemployment is present in Indian agriculture.
Reason (R) : Marginal productivity of agriculture is close to zero.
a.
b.
c.
d.

3. Identify the correct chronological order of the following classical economists :
a.
b.
c.
d.

4. Arrange the following theories in the order in which they appear:
I. Comparative Cost Advantage Theory
II. Absolute Cost Advantage Theory
III. Leontief Paradox
IV. Factor Endowment Theory
a.
b.
c.
d.

5. Assertion (A) : Gold standard was finally given up after the Second World War.
Reason (R) : Countries had different rates of inflation.
a.
b.
c.
d.

6. Select the correct statement of Adding up Theorem.
a.
b.
c.
d.

7. Assertion (A) : Financial inclusion is desirable to help weaker sections of society in the country.
Reason (R) : Investment activity needs to be promoted to facilitate access to development benefits for the masses.
a.
b.
c.
d.

8. The producer will substitute capital for labour till he reaches that point of isoquant at which
a.
b.
c.
d.

9. Identify the correct chronology of the following :
I. Fisher’s test of significance of differences between means of three or more samples.
II. Kendall's partial rank correlation.
III. Gossest’s T test of significance between means of two samples.
IV. X2 test of goodness of fit of the curve and randomness of the sample values.
a.
b.
c.
d.

10. Arrange the following in chronological order :
I. CES production function.
II. Cobb-Douglas production function
III. Translog production function
IV. The law of variable proportions
a.
b.
c.
d.

11. Assertion (A) : Stationary state is the end of the process of capital formation.
Reason (R) : Scarcity of natural resources as also capital leads the economy to the stationary state.
a.
b.
c.
d.

12. Arrange the stages of economic growth in a sequential order :
I. The age of high mass consumption
II. The traditional society
III. The take-off stage
IV. The drive to maturity
a.
b.
c.
d.

13. The sequencing process of Schumpeter model of development is _____
a.
b.
c.
d.

14. Assertion (A) : K/L ratio will adjust through time in the direction of equilibrium ratio.
Reason (R) : Because the technical coefficient of production is variable.
a.
b.
c.
d.

15. Consider the following schemes:
I. EAS
II. TRYSEM
III. JRY
IV. RLEGP
The correct chronological sequence of the launching of these schemes is _____
a.
b.
c.
d.

16. A solution of Walrasian general equilibrium will exist if and only if,
a.
b.
c.
d.

17. Arrange the proponents of the marginal productivity theory of factor reward in chronological order :
1. J.B. Clark
2. Marshall
3. Walras
4. Jevons
Select the correct code for correct answer :
a.
b.
c.
d.

18. Arrange the origin of money in a sequential order
I. Cheque
II. Metallic money
III. Commodity money
IV. Paper money
a.
b.
c.
d.

19. Arrange the following theories in chronological order :
I. Restatement of the Quantity Theory
II. Income Theory
III. Quantity Theory
IV. Cash Balance Approach
Select the correct answer from the given codes :
a.
b.
c.
d.

20. Identify the sequence of implementation of the following taxes.
Select the correct answer from the given codes :
I. Land Revenue
II. Sales tax
III. MODVAT
IV. Service tax
a.
b.
c.
d.


 


 
Also See :