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

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

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

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

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

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

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

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

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

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

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

11. Quantum of food subsidy was highest in the year

12. 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.

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

14. 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:

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

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

18. Low productivity for agriculture in India is attributed to

19. High powered money comprises

20. 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