UGC NET Mock Test 18 on Economics – 20 Questions for Practice

1. For inferior goods, income consumption curve and Engel's curves are

2. In dual gap model, the gap can be filled up by

3. High powered money comprises

4. Quantum of food subsidy was highest in the year

5. Which of the following represents the concept of human capital?

6. Which of the following financial institutions are operating in the money market? 1. Non-banking financial institutions 2. Acceptance Houses 3. Central Bank 4. Stock Exchanges Select the correct answer from the given codes:

7. Identify sources of agricultural credit in India from the code given below: 1. Commercial Banks 2. Money Lender 3. Regional Rural Bank 4. Small Industries Development Bank of India

8. Which of the following did not contribute significantly to inflationary pressure in Indian economy in 2010-11?

9. In Hicks’ neutral technical progress, the technical progress is

10. Which of the following is disadvantageous to developing countries’ international trade?

11. Assertion (A): The capital base of regional rural banks (RRBs) is found to be weak. Reason (R): Deposit mobilization of RRBs has been inadequate. From the above two statements, select the correct answer from the given codes.

12. Marginal Revenue of a Monopoly firm is less than the price because _____

13. The concept of ‘learning by doing’ was given by

14. Which of the following is broad money (M3) in India?

15. Capital to risk-weighted asset ratio of all scheduled commercial banks in India under the Basel – I framework is stipulated at the minimum of

16. Productivity of Indian agriculture can be enhanced by 1. Increased public investment 2. Increased irrigation facilities 3. Higher support price to the farmers 4. Shifting workers from industry to agriculture Select the correct answer from the given codes:

17. The classical economists focussed on the role of money as ____

18. If the demand for money is perfectly interest inelastic, the LM schedule will be

19. In Joan Robinson’s growth model, capital accumulation depends on

20. Low productivity for agriculture in India is attributed to