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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UGC NET QUESTION 2nd PAPER 2017 (JANUARY)

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1. Marginal rate of transformation between two goods X and Y is defined Answer: (1) 2. Consider the following statements regarding the expansion path of a firm : I. It shows least cost combination for producing different level of outputs. II. The input prices remain constant. Of the above which statement is/are true ? Answer from the codes given below : Codes : (1) Both I and II are true. (2) Only I is true. (3) Only II is true. (4) Neither I nor II is true. Answer: (1) 3. The First Fundamental Theorem of Welfare Economics requires (1) producers and consumers to be price takers (2) that the economy operate at some point on the utility possibility curve (3) that there be an efficient market for every commodity (4) All of the above Answer: (4) 4. Which among the following allocation/distribution corresponds to Rawlsian concept of equity ?  (1) All members of the society receive equal amount of goods. (2) Maximise the ut...
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