UGC NET Mock Test 24 on Economics – 20 Questions for Practice

1. Which of the following is correct about the Contingent Valuation Method (CVM) used in Environmental Economics?

2. The fundamental cause for the collapse of the Brettonwoods System was

3. Consider the following statements: As per the Trade Related Investment Measures (TRIMs) 1. all restrictions on foreign capital companies are to be scrapped. 2. no restrictions will be imposed on any area of investment. 3. imports of raw materials are to be allowed freely. 4. export of part of the output will be mandatory. Which of the above statements are correct?

4. Real balance effect relates to

5. Natural growth of population is the outcome of the following: I. Crude Birth Rate II. Crude Death Rate III. Migration IV. Marriages

6. As per Micro, Small and Medium Enterprises Development Act, 2006, micro enterprises are those with investments:

7. Consider the following: I. RBI II. SBI III. NABARD IV. LIC The financial intermediaries among the above are:

8. Trade deflection is the diversion of exports to a country within a free trade area that has

9. According to Hotelling rule about exhaustible natural resources, which of the following is used for price variation of exhaustible natural resources:

10. The Unorganised Workers Social Security Act came in existence in the year

11. Suggest the correct answer about the ‘Pigovian Tax’: I. Provides solution in order to ‘internalize’ the total costs of an activity into the market. II. Provides solution to reduce the production of pollutants through public policy. III. It helps in increasing the factor productivity in the real sector. IV. It acts like a severance tax.

12. The Eleventh Five Year Plan aimed at generating

13. If Hong-Kong and Taiwan have identical production possibility curves that are subject to increasing opportunity costs, then

14. The share of industry in India’s GDP in the year 2006-07 is estimated at

15. Assertion (A): The Reserve Bank of India raises money supply through the purchase of securities in the money market. Reason (R): Increase in money supply may result in the expansion of investment and employment.

16. The formula that shows the correct relationship between: i. Total demand and time liabilities (L) ii. Excess Reserves (ER) iii. Current-account balances with other banks (CB) iv. Investment in unencumbered government and other approved securities (I*) v. Statutory Liquidity Ratio (SLR) is

17. Identify the correct statement about the relationship between total fertility rate and gross-reproduction rate:

18. Arrange the following WTO ministerials in the chronological order: I. Seattle II. Cancun III. Singapore IV. Hong-Kong

19. Share of fishing in the GDP of India in recent years has been around

20. Why does the share of agriculture in developing economies decline when national economy is growing rapidly? I. Food becomes like inferior commodity. II. Growth of agriculture cannot be very fast. III. Industrial sector grows faster. IV. Public spending on the farm factor is not enough.