Expected Cut Off For UGC NET/JRF(ECONOMICS) 2021

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Growth and Development MCQs

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               Dharmenedra Bansal               1. Which of the following explains the term economic growth? a. Increase in per capita production b. Increase in per capita real income c. structural change in the economy d. all the above are right✔ 2. Economic development is characterized by a. Structural change in the economy b. Change in the occupational structure c. Both a and b✔ d. None of the above 3. Which of the following explains the term economic development? a. Improvement in the technology involved b. Improvement in production c. Improvement in distribution system d. All the above✔ 4. An underdeveloped economy is characterized by a. High per capita real income b. Large proportion of labor force in the tertiary sector c. State of deprivation of large proportion of population✔ d. All the above State of deprivation of large proportion of population Underdevelo...
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National Income TERMs

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1. The excess of imports over exports is called trade deficit. 2. The excess of exports over imports is called trade surplus. 3.NNP FC is the sum total of factor income earned by normal residents of a country during the accounting year 4. GDP =GNP – NIFA 5. GNP = GDP + NIFA 6. NNP = GNP – Depreciation 7. GNP = NNP + Depreciation 8. NDP = NNP – NIFA 9. NNP = NDP + NIFA 10. NDP = GDP – Depreciation 11. GDP = NDP + Deprecation 12. NNP = NDPFC + X-M 13. GNPfc = GNPmp – Net Indirect Taxes 14. NNPmp = GNPmp– Depreciation 15. GDPmp = GNPmp – NIFA 16. NDPmp = NNPmp – NIFA 17. NNPfc = NNPMP – Net Indirect Taxes 18. GDPFC = GDPmp – Net Indirect Taxes NDPmp = GDPmp– Depreciation 19. GDPfc = GNPfc– NIFA 20. NNPfc= GNPfc – Depreciation 21. NDPfc = NDPmp– Net Indirect Taxes 22. NDPfc = NNPfc – NIFA 23. NDPfc = GDPfc– Depreciation 24. NNPfc= GNPmp – Depreciation – Net indirect Taxes 25. GNPfc = NNPmp + Depreciation – Net Indirect Taxes 26. GNPfc= NNPmp– Net Indirect Taxes +...
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International Trade Related MCQs

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1.  Which of the following is international trade: A. Trade between provinces B. Trade between regions C. Trade between countries D. (b) and (c) of above Answer: Option C 2.  Theory of comparative advantage was presented by: A. Adam Smith B. Ricardo C. Hicks D. Arshad Answer: Option B 3.  Which is NOT an advantage of international trade: A. Export of surplus production B. Import of defence material C. Dependence on foreign countries D. Availability of cheap raw materials Answer: Option C 4.  If Japan and Pakistan start free trade, difference in wages in two countries will: A. Increase B. Decrease C. No effect D. Double Answer B 5.  Trade between two countries can be useful if cost ratios of goods are: A. Equal B. Different C. Undetermined D. Decreasing Answer B 6.  Modern theory of international trade is based n the views of: A. Robbins and Ricardo B. Adam Smith and Marshall C. Heckcsher and Ohlin D. Saleem and Kareem Answer C ...
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