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. A spot Foreign Exchange Transaction refers to

a.the purchase of foreign exchange for delivery.

b.none of the above.

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

d.the sale of foreign exchange for delivery.

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

a.Development assistance

b.Discretionary grants

c.Statutory grants

d.Plan grants

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

a.Increased

b.Had no specific pattern

c.Remain unchanged

d.Declined

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

a.0.055

b.0.062

c.0.059

d.0.051

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

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

b.All of the above

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

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

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

a.All the above

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

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

d.Optimal geographical area for a single currency

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

a.Employees Provident Fund

b.Reserve Bank of India

c.Life Insurance Corporation of India

d.Commercial Banks

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

a.2

b.3

c.zero

d.1

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

a.Punjab

b.Madhya Pradesh

c.Gujarat

d.Rajasthan

10. 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, but (R) is not the correct explanation of (A).

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

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

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

11. 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, Recession, Depression

c.Depression, Expansion, Recession, Recovery

d.Recovery, Expansion, Depression, Recession

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

a.It guarantees special privilege to the contracting parties.

b.It guarantees only equal treatment.

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

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

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

a.All the above

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

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

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

14. Food-grains in India are canalized by

a.OIL

b.FCI

c.ONGC

d.MMTC

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

a.Economic development

b.Reduction in temperature

c.Equal development

d.Sustainable development

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

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

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

d.Taxes on the consumption and sale of electricity

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

a.keep exchange rates fixed among a group of nations

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

c.smooth out short-run fluctuations in exchange rates

d.smooth out long-run fluctuations in exchange rates

18. ‘Price Scissors’ refer to

a.None of the above

b.Relative price of fuel and industrial goods

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

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

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

a.changes in the price level

b.none of the above

c.changes in interest rate

d.changes in exchange rate

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

a.Ricardo

b.Adam Smith

c.Robins

d.Keynes

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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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