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

Please wait...

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

a.It guarantees only equal treatment.

b.It guarantees special privilege to the contracting parties.

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.

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

a.zero

b.3

c.1

d.2

3. 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 mineral rights subject to any limitation imposed by the Parliament

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

d.Taxes on the consumption and sale of electricity

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

a.Gujarat

b.Rajasthan

c.Madhya Pradesh

d.Punjab

5. Food-grains in India are canalized by

a.ONGC

b.FCI

c.OIL

d.MMTC

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

a.Sustainable development

b.Reduction in temperature

c.Economic development

d.Equal development

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

a.0.062

b.0.055

c.0.059

d.0.051

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

a.Recovery, Expansion, Recession, Depression

b.Recovery, Expansion, Depression, Recession

c.Recovery, Recession, Expansion, Depression

d.Depression, Expansion, Recession, Recovery

9. ‘Price Scissors’ refer to

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

b.Relative price of fuel and industrial goods

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

d.None of the above

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

a.All of the above

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

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.

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

a.Remain unchanged

b.Had no specific pattern

c.Increased

d.Declined

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

a.smooth out short-run fluctuations in exchange rates

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

c.smooth out long-run fluctuations in exchange rates

d.keep exchange rates fixed among a group of nations

13. A spot Foreign Exchange Transaction refers to

a.none of the above.

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

c.the purchase of foreign exchange for delivery.

d.the sale of foreign exchange for delivery.

14. 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.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.All the above

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

a.Optimal geographical area for a single currency

b.All the above

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

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

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

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

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

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

a.Life Insurance Corporation of India

b.Reserve Bank of India

c.Employees Provident Fund

d.Commercial Banks

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

a.Plan grants

b.Statutory grants

c.Discretionary grants

d.Development assistance

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

a.Keynes

b.Ricardo

c.Robins

d.Adam Smith

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

a.changes in exchange rate

b.none of the above

c.changes in interest rate

d.changes in the price level

Also See :

UGC NET Mock Test 1 on Economics
UGC NET Mock Test 2 on Economics
UGC NET Mock Test 3 on Economics
UGC NET Mock Test 4 on Economics
UGC NET Mock Test 5 on Economics
UGC NET Mock Test 6 on Economics
UGC NET Mock Test 7 on Economics
UGC NET Mock Test 8 on Economics
UGC NET Mock Test 10 on Economics
UGC NET Mock Test 11 on Economics
UGC NET Mock Test 12 on Economics
UGC NET Mock Test 13 on Economics
UGC NET Mock Test 14 on Economics
UGC NET Mock Test 15 on Economics
UGC NET Mock Test 16 on Economics
UGC NET Mock Test 17 on Economics
UGC NET Mock Test 18 on Economics
UGC NET Mock Test 19 on Economics
UGC NET Mock Test 20 on Economics
UGC NET Mock Test 21 on Economics
UGC NET Mock Test 22 on Economics
UGC NET Mock Test 23 on Economics
UGC NET Mock Test 24 on Economics
UGC NET Mock Test 25 on Economics
UGC NET Mock Test 26 on Economics

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

Submit a Comment Cancel reply

General

CBSE School Lessons

Popular Pages