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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.
  • Please note, you will be allowed to attempt this test ONCE.
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1. Non-traditional export items like engineering goods are of
2. Addition to the total physical output by application of an additional unit of a variable factor of production is called
3. Constituents of gross profit are
4. Natural resources of a country influence
5. Which of the following is NOT a true feature of the work force of India?
6. Which of the following is NOT a demand-pull factor of inflation?
7. 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
8. Sacrifice, discomfort, toil and pain involved in supplying the factors of production by their owners is called
9. 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?
10. Which one of the following is NOT an exception to the Law of Demand?
11. In long run competitive equilibrium under differential cost conditions, the intra-marginal firm earns
12. A comparison of the levels of living of the top 5-10 percentage with the bottom 5-10 percentage of the population reflects
13. Ricardo regards rent as
14. India’s exports were almost stagnant during the first 15 years of planning because of
15. Which of the following is an economic factor affecting cropping patterns?
16. Which of the following is true at the long run equilibrium of a perfectly competitive firm?
17. ______ will prevail when workers are not organised into trade unions.
18. Which of the following is a cause for inflationary pressure in the 90s?
19. Which type of countries have the highest degree of overall equality in the distribution of income?
20. Which one of the following is true about the relation between normal price and market price?
21. Labour-deepening technical progress increases Marginal Product of Labour
22. Parallel economy is referred to as
23. The second highest densely populated state of the country is
24. The theory of _____ surplus treats the origin of profit to the entrepreneurial abilities.
25. Which of the following is an implication of the imposition of ceiling below the equilibrium price?
26. In which phase of population growth of India, did the compound annual growth rate nearly double the growth rate of the previous year?
27. During which decade did the country see the sharpest decline of 11 points in the sex ratio?
28. The cause of degradation of irrigated lands is
29. Which state has the lowest density of population?
30. By which of the following factors during the First Plan Period was the balance of payments affected?
31. The minimum price at which the sellers refuse to supply the good at all and store it with themselves is known as
32. When rent arises due to difference in productivity of different units of a factor, it is called
33. Afforestation of catchment areas of rivers is essential for
34. Work effort increases with the rise in the wage rate when the
35. Occupational structure in a country depends on
36. Which of the following is true about a monopolist at equilibrium output level?
37. When did the Committee of Experts on Unemployment under the chairmanship of B. Bhagwati, submit its report to the Government?
38. The classification of income according to factoral service rendered by different factors of production, is called
39. Which of the following is NOT true about the Forest Policy of India?
40. Which concept provides the most appropriate measure of unemployment?
41. Birth rates are higher in states which have
42. Which objective was stressed by both National Forest Policy Resolutions of 1952 and 1988?
43. What can be said about the relationship between the degree of urbanisation and per capita income?
44. When did the Government launch a new agricultural strategy in the form of Intensive Agriculture District Programme?
45. Which of the following is true at equilibrium in monopolistic competition?
46. The expenditure on advertising, sales promotion, public relations, etc. is called
47. Technical progress is capital-using if, along a line on which the K/L ratio is constant, the MRS(LK)
48. The point where the LMC curve intersects LAC curve, there the slope of the LAC curve is
49. In which type of unemployment, the marginal productivity of labour is zero, so that the removal of excess labour would not reduce total output?
50. Kaldor estimated the size of black income as the difference between the estimated non-salary income above the exemption limit and the
51. 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
52. Which type of unemployment is associated with the inadequacy of productive capacity to create enough jobs for all those able and willing to work?
53. In developed countries, which form does unemployment generally assume?
54. The state with the highest sex ratio is
55. If the slope of Average Cost Curve is positive then
56. When was the Central Soil Conservation Board set up by the Union Government?
57. The supply curve of the firm may be derived by the points of intersections of its
58. Which method was followed by the Direct Tax Enquiry Committee for estimating black incomes?
59. Which one of the following is NOT true about the factors determining the price elasticity?
60. Which of the following minerals is exported from India?
61. Rangarajan admits that in India the price effect of money supply is
62. On the eve of planning, the rise in imports in India was largely due to
63. If marginal cost is less than marginal revenue, it pays the firm to
64. All the goods and services which a worker gets directly or indirectly for services rendered by him are called
65. What determines the type and scale of industry that can be developed in a country?
66. When a firm experiences external economies, its cost curves
67. ______ refers to the case of a product which is demanded for two or more purposes.
68. When the quantity of only one input is increased, other inputs held fixed, the change in physical output is called
69. Which of the following is NOT a correct finding of the various studies on black money in India?
70. The Net Terms of Trade improves if
71. Extraction of coal in India is not always profitable because
72. After independence when did the imports of foodgrains decline for the first time?
73. A firm which will be the first to leave the industry if price falls is called
74. Shut down point for a firm is a situation where its
75. Which of the following is a consequence of inflationary price rise?
76. 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
77. The price of goods in rival supply tend to move in ______ direction.
78. Perfectly elastic demand curve is
79. What type of rate is the Current Daily Status Unemployment rate?
80. If we want to find price-elasticity at a point on a non-linear demand curve, we have to
81. Supply curve of labour slopes
82. Actual earning minus transfer earning is equal to
83. Which of the following conditions show optimality in long run equilibrium?
84. What is the reason behind declining importance of natural resources with respect to economic development?
85. 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
86. In which of the following regions has the production of iron ore begun only in recent years?
87. If MRS between two goods X and Y is equal for all consumers, then this is the marginal condition for a Pareto optimal
88. What is the impact on price and quantity in a particular market if there is an increase in consumers’ income?
89. The minimum possible price which just covers the marginal cost of the product paid by the consumer is called
90. When was the National Water Policy adopted?
91. The amount of labour supply at a point of time depends on
92. Price elasticity at the mid point of a linear demand curve is
93. 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?
94. The problem of cyclical unemployment in developed economies originates from
95. With increase in average cost, marginal cost rises at a
96. 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
97. A situation in which it is impossible to make any one better-off without making someone worse-off is said to be
98. If there are constant returns to scale, there would always be
99. Monopoly equilibrium can be reached when
100. In the long run, under perfect competition price of the factor is equal to