UGC NET Mock Test 23 on Economics – 20 Questions for Practice

1. An input-output model which has endogenous final demand vector is known as

2. What is meant by farm mechanization?

3. Solow built his model as an alternative to

4. Opportunity cost version of comparative cost advantage doctrine was introduced by

5. In the presence of heteroscedasticity, the best linear unbiased estimators are provided by the method of

6. What has been the share of the ‘food, beverages and tobacco’ in the private final consumption expenditure in India in the recent years?

7. To test the stationarity of the series in time series analysis, the following test will be used:

8. Inter-sectoral terms of trade in an economy refers to

9. For downward movement along the iso-quant, MRTS of Labour per unit of capital (MRTSL, K) is given by

10. Identify the Five Year Plans when actual growth realisation has been higher than the growth target : I. Fifth Plan II. Seventh Plan III. Ninth Plan IV. Tenth Plan

11. Which of the following measures of central tendency will be the most appropriate to use if the data relate to rates, proportions and ratios?

12. What is the economic cost of foodgrains to the Food Corporation of India?

13. Charging a different price in different markets is called

14. The concept of vicious circle of poverty is associated with

15. Which of the following development programmes is receiving 100 percent funding as centrally sponsored scheme from the Government of India? I. Accelerated Power Development & Reform Programme (APDRM) II. Rashtriya Krishi Vikas Yojana III. National Social Assistance Programme (NSAP) IV. Women & Child Development Programme

16. The total cost function and the market demand function of a competitive firm are C = 1/3 x3 – 10x2 + 9x + 1000 and x = (12 – p)/9 respectively. The level of output at which profits will be maximised?

17. If interest payments are subtracted from gross fiscal deficit, the remainder will be

18. The estimated regression equation of the form y = α0 + α1x1 + α2x2 + e is y = – 6.79 + 1.79(x1) + 0.97 x2 and SE (α0) = 1.32, SE (α1) = 0.41 and SE (α2) = 0.53. To test H0 : α1 ≠ 0, the test statistic | t | is equal to

19. Which of the following is the most significant in stabilization policy?

20. Rank the States in descending order of their size of State Domestic Product at current prices in the recent years: I. Karnataka II. Maharashtra III. Uttar Pradesh IV. Tamil Nadu