UGC NET Mock Test 9 on Economics - 20 Questions for Practice

UGC NET Mock Test 9 on Economics – 20 Questions for Practice

Take Test 9 20 questions for Practice – Economics Test 9

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1. There are four phases of a business cycle. Identify the correct sequence of the occurrence of these phases:

a.Recovery, Recession, Expansion, Depression

b.Recovery, Expansion, Depression, Recession

c.Depression, Expansion, Recession, Recovery

d.Recovery, Expansion, Recession, Depression

2. Which of the following is related with optimum currency area?

a.Single currency or the pegged currencies fluctuate jointly visà-vis other currencies

b.Optimal geographical area for a single currency

c.All the above

d.Optimal geographical area for several currencies whose exchange rates are relatively pegged

3. Under a managed floating exchange rate system, the Nation’s monetary authorities intervene in Foreign Exchange Markets to

a.smooth out short-run and long run fluctuations in exchange rates

b.keep exchange rates fixed among a group of nations

c.smooth out long-run fluctuations in exchange rates

d.smooth out short-run fluctuations in exchange rates

4. Food-grains in India are canalized by

a.FCI

b.MMTC

c.OIL

d.ONGC

5. In case of Fixed Exchange Rate regime adjustment in Balance of Payments takes place through

a.changes in interest rate

b.changes in exchange rate

c.none of the above

d.changes in the price level

6. The immediate cause for the collapse of the Bretton Woods system was

a.the attempt by three small European Central Banks to convert part of their dollar holdings into gold at the Fed.

b.the massive flight of liquid capital from the U.S.

c.All of the above

d.the expectation that the U.S. would soon be forced to devalue the dollar.

7. A spot Foreign Exchange Transaction refers to

a.the purchase or sale of foreign exchange for delivery within two business days.

b.the sale of foreign exchange for delivery.

c.none of the above.

d.the purchase of foreign exchange for delivery.

8. The biggest holder of Government of India dated securities:

a.Reserve Bank of India

b.Commercial Banks

c.Employees Provident Fund

d.Life Insurance Corporation of India

9. The Total Factor Productivity (TFP) in agriculture during the 11th plan in India

a.Increased

b.Remain unchanged

c.Had no specific pattern

d.Declined

10. Grants from the Centre to the States under the recommendations of the Finance Commission are known as

a.Discretionary grants

b.Plan grants

c.Development assistance

d.Statutory grants

11. ‘Price Scissors’ refer to

a.Relative price of industrial goods in terms of agricultural goods

b.None of the above

c.Relative price of imported goods in terms of the exported goods

d.Relative price of fuel and industrial goods

12. Assertion (A): Yellow Revolution increased the production of seeds.
Reason (R): White Revolution increased the production of milk.

a.Both (A) and (R) are true and (R) is the correct explanation of (A).

b.Both (A) and (R) are true, but (R) is not the correct explanation of (A).

c.(A) is true, but (R) is false.

d.(A) is false, but (R) is true.

13. What is the main purpose of U.N.E.P.?

a.Economic development

b.Sustainable development

c.Reduction in temperature

d.Equal development

14. Income elasticity of demand for food in developed countries is less than

a.3

b.2

c.zero

d.1

15. In whose economic theories, Malthus’ theories are in the base?

a.Adam Smith

b.Keynes

c.Robins

d.Ricardo

16. ‘Apna Khet, Apna Kaam’ (i.e. own field, own work) is a new scheme under MNREGA and it was initiated in the State

a.Rajasthan

b.Madhya Pradesh

c.Gujarat

d.Punjab

17. Which one of the following taxes is within the jurisdiction of the Central Government as enumerated in List I of the Seventh Schedule of the Constitution of India?

a.Taxes on sale and purchase of newspapers and on advertisements therein

b.Taxes on mineral rights subject to any limitation imposed by the Parliament

c.Excise on alcoholic liquors for human consumption, opium, Indian hemp and other narcotics

d.Taxes on the consumption and sale of electricity

18. Regarding M.F.N. (Most Favoured Nation) clause, find out the correct statement:

a.The unconditional M.F.N. clause seems to be more equitable than the conditional one.

b.It guarantees only equal treatment.

c.The conditional M.F.N. clause confers significant rights on the contracting party.

d.It guarantees special privilege to the contracting parties.

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

a.A balance of payments surplus results from an excess demand for money.

b.A balance of payments deficit results from an excess supply of money in the nation.

c.Balance of payments disequilibrium are automatically corrected in the long run.

d.All the above

20. As per provisional data released by C.S.O. for Q1 of 2012-13, the GDP growth has been estimated at

a.0.059

b.0.055

c.0.062

d.0.051

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UGC NET Mock Test 9 on Economics – 20 Questions for Practice

UGC NET Mock Test 9 on Economics – 20 Questions for Practice

Take Test 9 20 questions for Practice – Economics Test 9

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