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UGC NET Economics Mock Test

UGC NET Economics Mock Test by Economics Harbour


  • The test will be for 2 hours and has 100 questions, all of which are compulsory.
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1. By which of the following factors during the First Plan Period was the balance of payments affected?
2. Which type of countries have the highest degree of overall equality in the distribution of income?
3. Which of the following is an economic factor affecting cropping patterns?
4. Non-traditional export items like engineering goods are of
5. With increase in average cost, marginal cost rises at a
6. Parallel economy is referred to as
7. ______ will prevail when workers are not organised into trade unions.
8. Monopoly equilibrium can be reached when
9. Which one of the following is NOT true about the factors determining the price elasticity?
10. In which of the following regions has the production of iron ore begun only in recent years?
11. A situation in which it is impossible to make any one better-off without making someone worse-off is said to be
12. Effect of an increase in the fixed cost on the output and price of a firm in the short run under perfect competition is that
13. In developed countries, which form does unemployment generally assume?
14. After independence when did the imports of foodgrains decline for the first time?
15. ______ refers to the case of a product which is demanded for two or more purposes.
16. Which objective was stressed by both National Forest Policy Resolutions of 1952 and 1988?
17. When the quantity of only one input is increased, other inputs held fixed, the change in physical output is called
18. Over a period of time, the effect of increase in the money supply percolates into different sectors of the economy, resulting in the rise of demand and the price level, which is known as
19. What determines the type and scale of industry that can be developed in a country?
20. Which of the following is NOT true about the Forest Policy of India?
21. What can be said about the relationship between the degree of urbanisation and per capita income?
22. Technical progress is capital-using if, along a line on which the K/L ratio is constant, the MRS(LK)
23. Sacrifice, discomfort, toil and pain involved in supplying the factors of production by their owners is called
24. Rangarajan admits that in India the price effect of money supply is
25. Afforestation of catchment areas of rivers is essential for
26. Which of the following conditions show optimality in long run equilibrium?
27. The state with the highest sex ratio is
28. Which of the following is NOT a true feature of the work force of India?
29. Natural resources of a country influence
30. Birth rates are higher in states which have
31. Which concept provides the most appropriate measure of unemployment?
32. During which decade did the country see the sharpest decline of 11 points in the sex ratio?
33. Which method was followed by the Direct Tax Enquiry Committee for estimating black incomes?
34. If there are constant returns to scale, there would always be
35. The locus of points defined by different levels of output of a firm A and his rival B, which yield to A the same level of profit, is called
36. Who estimated the number of persons below the poverty line on the basis of an average calorie intake of 2,250 per capita per day?
37. Kaldor estimated the size of black income as the difference between the estimated non-salary income above the exemption limit and the
38. The expenditure on advertising, sales promotion, public relations, etc. is called
39. In which phase of population growth of India, did the compound annual growth rate nearly double the growth rate of the previous year?
40. Which of the following is a cause for inflationary pressure in the 90s?
41. The second highest densely populated state of the country is
42. Extraction of coal in India is not always profitable because
43. Which of the following is true about a monopolist at equilibrium output level?
44. Labour-deepening technical progress increases Marginal Product of Labour
45. If we want to find price-elasticity at a point on a non-linear demand curve, we have to
46. On the eve of planning, the rise in imports in India was largely due to
47. Which one of the following is NOT an exception to the Law of Demand?
48. When rent arises due to difference in productivity of different units of a factor, it is called
49. The problem of cyclical unemployment in developed economies originates from
50. The Net Terms of Trade improves if
51. What is the reason behind declining importance of natural resources with respect to economic development?
52. What type of rate is the Current Daily Status Unemployment rate?
53. The supply curve of the firm may be derived by the points of intersections of its
54. A comparison of the levels of living of the top 5-10 percentage with the bottom 5-10 percentage of the population reflects
55. The classification of income according to factoral service rendered by different factors of production, is called
56. When a firm experiences external economies, its cost curves
57. The point where the LMC curve intersects LAC curve, there the slope of the LAC curve is
58. Actual earning minus transfer earning is equal to
59. Ricardo regards rent as
60. In which type of unemployment, the marginal productivity of labour is zero, so that the removal of excess labour would not reduce total output?
61. Constituents of gross profit are
62. If MRS between two goods X and Y is equal for all consumers, then this is the marginal condition for a Pareto optimal
63. If marginal cost is less than marginal revenue, it pays the firm to
64. Price elasticity at the mid point of a linear demand curve is
65. A firm which will be the first to leave the industry if price falls is called
66. What is the impact on price and quantity in a particular market if there is an increase in consumers’ income?
67. The theory of _____ surplus treats the origin of profit to the entrepreneurial abilities.
68. The equilibrium of the monopolist will never be at the level of output at which the elasticity of the demand curve or the average revenue curve is
69. Which of the following is true at equilibrium in monopolistic competition?
70. All the goods and services which a worker gets directly or indirectly for services rendered by him are called
71. When did the Committee of Experts on Unemployment under the chairmanship of B. Bhagwati, submit its report to the Government?
72. In the long run, under perfect competition price of the factor is equal to
73. The amount of labour supply at a point of time depends on
74. When did the Government launch a new agricultural strategy in the form of Intensive Agriculture District Programme?
75. The price of goods in rival supply tend to move in ______ direction.
76. When was the Central Soil Conservation Board set up by the Union Government?
77. Which of the following is true at the long run equilibrium of a perfectly competitive firm?
78. Shut down point for a firm is a situation where its
79. Which of the following is NOT a correct finding of the various studies on black money in India?
80. Occupational structure in a country depends on
81. If the slope of Average Cost Curve is positive then
82. Work effort increases with the rise in the wage rate when the
83. Which term refers to a system of political and social relations between two countries, of which one is the ruler and the other is the ruled?
84. The cause of degradation of irrigated lands is
85. Addition to the total physical output by application of an additional unit of a variable factor of production is called
86. The minimum price at which the sellers refuse to supply the good at all and store it with themselves is known as
87. Supply curve of labour slopes
88. Perfectly elastic demand curve is
89. Which type of unemployment is associated with the inadequacy of productive capacity to create enough jobs for all those able and willing to work?
90. India’s exports were almost stagnant during the first 15 years of planning because of
91. Which of the following is an implication of the imposition of ceiling below the equilibrium price?
92. Which of the following minerals is exported from India?
93. The profits of the entrepreneur will be maximum when he is employing such a number of units of a factor that its marginal revenue product equals its
94. Which state has the lowest density of population?
95. Which of the following is NOT a demand-pull factor of inflation?
96. In long run competitive equilibrium under differential cost conditions, the intra-marginal firm earns
97. The minimum possible price which just covers the marginal cost of the product paid by the consumer is called
98. Which one of the following is true about the relation between normal price and market price?
99. When was the National Water Policy adopted?
100. Which of the following is a consequence of inflationary price rise?