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