UGC NET Mock Test 19 on Economics – 20 Questions for Practice

 

Take Test 19 20 questions for Practice – Economics Test 19

 

1. Which of the following models of business cycle generates constrained cycles?
a.
b.
c.
d.

2. In Linear Programming problem involving two variables, multiple optimal solutions are obtained when one of the constraints is
a.
b.
c.
d.

3. During the Tenth Five Year Plan, some of the following things were experienced: I. Services sector witnessed the highest growth rate. II. Agriculture experienced the lowest growth rate. III. Rate of growth in the industrial sector was negative. Which of the aforesaid statements are correct?
a.
b.
c.
d.

4. In the context of simultaneous equations econometric models, consider the following statements: I. Identification is a problem to be dealt with before estimation. II. Order condition is necessary but not a sufficient condition of identification. III. Two stage least squares method of estimation gives consistent estimators if the equation is under identified. IV. Under indirect least squares method, least squares method is applied to the reduced form equations. Use the following code to answer the question:
a.
b.
c.
d.

5. For any pair of variables X and Y, two regression equations-one regression of Y on X and other regression of X on Y exist because I. Tangent of the angle made by two regression equations with each other determines the coefficient of correlation. II. Regression model does not help in the identification of dependent and independent variables of the equation. III. Regression and correlation coefficients represent the co-variation of the two variables. IV. Regression equation represents jointly the value of X and Y. Select the right code from the following as the answer to the question:
a.
b.
c.
d.

6. Suppose the money supply and the price level are constant, and the demand for money is a function of income and interest rate. When the income level increases, there is
a.
b.
c.
d.

7. Fiscal reform measures in India included I. Increasing Tax-GDP ratio II. Expenditure Management III. Managing revenue deficit and fiscal deficit IV. Increasing liquidity in the economy Find the correct combination from the given codes:
a.
b.
c.
d.

8. The input coefficients/elements of which of the following matrices are interpreted as inputs required directly and indirectly per unit of final demand.
a.
b.
c.
d.

9. Which of the following plans witnessed the highest growth rate in India?
a.
b.
c.
d.

10. Growth process resulting into broad based benefits and providing equality of opportunity to all is referred to as
a.
b.
c.
d.

11. According to the provisional figures for 2011 census, which of the following States has the lowest child sex ratio both in rural and urban areas?
a.
b.
c.
d.

12. Which of the following are not associated with the Leontief’s Static Model? I. Final demand is a stochastic vector. II. Reciprocal of the Perron- Frobenius root is the maximum growth rate. III. Input coefficients are the fixed technological parameters. IV. (I – A – RB)–1 WL = P Select the correct code from the following:
a.
b.
c.
d.

13. A.W. Phillips’ wage-inflation unemployment trade off is based on
a.
b.
c.
d.

14. Coefficient of determination of a regression model: 1. Explains the proportion of total variation in the values of the dependent variable. 2. It can be used to derive an estimate of the extent of variation in the value of Y that is explained by the random factors. 3. Direction of inter-relation between the dependent and independent variables. 4. It explains the influence of the intercept on the dependent variable. Select the correct code from the list given below:
a.
b.
c.
d.

15. For the Cobb-Douglas Production function Q = A Lα K1 – α. The elasticity of substitution is
a.
b.
c.
d.

16. Total food grains production target for the year 2010-11 has been placed at
a.
b.
c.
d.

17. In which of the following years, gross domestic savings as a percentage of GDP was the highest?
a.
b.
c.
d.

18. Indicate the year in which National Food Security Mission (NFSM) was launched:
a.
b.
c.
d.

19. Which of the following is not an assumption of Harrod’s model of growth?
a.
b.
c.
d.

20. Of the following, which sector experienced maximum growth rate at 2004-05 prices in India during 2009-10?
a.
b.
c.
d.


 


 
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