UGC NET Mock Test 8 on Economics – 20 Questions for Practice

1. In a multiple regression with three independent variables, the regression coefficients are to be tested. Which test would be used?

2. Which of the following is not an item of social security of labour?

3. High powered money is

4. What is the target for total outstanding liabilities at the end of the 2015-16 as per medium term Fiscal Policy Statement of the Union Budget 2013-14 (Percent of GDP)?

5. Find out the correct answer from the code given below:
Main features of Regional Rural Banks (RRBs)
I. RRBs have been established by ‘sponsor bank’ usually a public sector commercial bank.
II. RRBs grant direct loans and advances only to small and marginal farmers, rural artisans and agricultural labourers.
III. The area of RRB is limited to a specified region comprising one or more districts of a State.
IV. The lending rates of RRBs are not higher than the prevailing lending rates of co-operative societies.

6. Find out the correct answer from the codes given below:
Technique of selective credit control of RBI.
I. Determination of margin requirement for loans against certain securities.
II. Determination of maximum amount of advances or other financial accommodation.
III. Changing of discretionary interest rates on certain type of advances.
IV. Changing the cash reserve requirements of commercial banks.

7. Arrange the introduction of the following taxes in India in chronological order:
I. Service tax
II. Income tax
III. Banking cash transaction tax
IV. Gift tax

8. For which of the following items of household consumption expenditures in India, NSSO takes the reference period as 365 days?

9. Which of the following statements is true concerning the optimal solution of linear program with two decision variables?

10. Input-Output Technique was invented by

11. In a two variable regression Y is dependent variable and X is independent variable. The correlation coefficient between Y and X is 0.6. For this which of the following result is correct?

12. Which of the following constitutes the intermediate layer in the three tier co-operative credit structure?

13. What is the average monthly per capita expenditure (modified mixed recall period) for rural India in 2009-10?

14. Who amongst the following has not worked for estimation of Black Money in India?

15. Which of the following has not been one of the terms of reference of the Thirteenth Finance Commission of India?

16. Assertion (A): Investment companies have not been able to attract much public savings in India.
Reason (R): Investment companies are pure financial intermediaries and they specialise in the mobilisation of public saving for investment in corporate securities.

17. Which of the following does not hold correct about the Demsetz view of concentration and monopoly power?

18. Which of the following items of private final consumption expenditure has the largest share (in the PFCE) in recent years in the Indian Economy?

19. Which of the following years recorded growth rate of agriculture-GDP (at constant prices) more than 5 percent?
i. 2006-07
ii. 2007-08
iii. 2010-11
iv. 2011-12

20. Which of the following has not been suggested as the features of informal sector endorsed by the UN Statistical Commission (July, 1993)?