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

1. 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

2. 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

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

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

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

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

7. 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

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

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

10. 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

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

12. 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.

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

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

15. 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.

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

17. 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.

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

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

20. 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