UGC NET Mock Test 6 on Economics – 20 Questions for Practice

1. What was the amount of outlay under MGNREGA in 2011-12 by the Government of India?

2. According to the Rybczynski theorem, the growth of only one factor at constant relative commodity prices, leads to an absolute expansion in the output of

3. The exchange rate is kept the same in all parts of the market by

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

5. Which are relevant conditions assumed by the factor price equalization theorem?
I. The countries are characterized by different factor endowments.
II. The countries are characterized by different production functions.
III. The industries are characterized by different factor intensities.
IV. Each country will export the commodity which uses its abundant factor relatively intensively.

6. If the cost of transporting goods between two nations exceeds the pretrade difference for the goods between two nations, then trade in that goods are

7. If the international terms of trade settle at a level that is between each country’s opportunity cost then

8. Arrange the proponents of classical theory of development in a sequential order :
I. David Ricardo
II. Adam Smith
III. J.S. Mill
IV. Robert Malthus

9. Which of the following countries have better Human Development Index (HDI) as per the HDR 2011?
I. Sri Lanka
II. Pakistan
III. Kenya
IV. Egypt

10. Provide the correct answer about the desired growth target of the manufacturing sector in the medium term as per the National Manufacturing Policy of India.

11. When a nation imposes an import tariff, the nation’s offer curve will

12. Which years in India have been the best and the worst in terms of growth rate of national income?

13. Inverted ‘U’ shaped income distribution hypothesis is associated with

14. Provide correct answers about the share of India in the world merchandize exports in 2010 :

15. Rank the States in ascending order of the crude birth rate in the recent years :
I. Andhra Pradesh
II. Karnataka
III. Madhya Pradesh
IV. Uttar Pradesh

16. Which five year plan of India has recorded the largest gap in terms of growth rate between the services sector and the industrial sector?

17. Whose model of the following economists makes use of the stock adjustment principle to explain business cycles?

18. Assertion (A) : In Marxian scheme of things, M → C → M', where M' > M and M' – M is surplus value.
Reason (R) : The main cause of this surplus value is raw materials, machines, etc.

19. Which of the following is true with respect to the monetary approach to the balance of payments?

20. Components of HDI are
I. Longevity
II. Infant mortality
III. Educational attainment
IV. Decent standard of living