UGC NET Economics December- June 2022
Read the given passage and answer five questions(1-5)
1. Which of the following sectors have not developed recently in start-up
Options:-
A. IT services
B. Robotics
C. Artificial intelligenceD. Space technology
ANS: D
2. How much amount has been allocated under the scheme of start-ups to find new start-ups for proof of concepts, prototype and trials of products, entry of market and commercialization?Options:-
A. Rs.279129 crore
B. Rs.679500 crore
C. Rs. 945 crore
D. Rs. 12521 crore
ANS: C
3. Which of the following is true m case of start-ups in India ?
Options:-
A. The start-ups increased by
7.25% during 2016-17 and 2021-22
B. The sectoral growth of
start-ups is taken place by 56%
C. The start-ups have developed
in important sectors like agriculture, tourism and irrigation
D. The recognized sector’s have
created jobs more than 7 lakhs
ANS: D
4. What is the prioritized objective of industrialization in terms of start-ups initiatives? Options:-
A. Self-reliance
B. Employment opportunities
C. Both self-reliance and
employment opportunities
D. Export reduction
ANS: C
5. Which of the following measures is required for sustaining start-ups?
Options:-
A. Attracting FDI start-ups
B. Tax holidays on start-ups
C. Creation of domestic demands
for start-ups
D. Encouraging start-ups in
defence sectors
ANS: C
6. Given below are two
statements :
Statement I : Devaluation always
correct a chronic balance of payments deficit.
Statement II: An expected
devaluation leads speculative, capital outflows from domestic country.
In the light of the above
statements, choose the correct answer from the options given below :
Options:-
A. Both Statement I and
Statement II are true
B. Both Statement I and
Statement II are false
C. Statement I is true but
Statement II is false
D. Statement I is false but
Statement II is true
ANS: D
7. If time deposit is not included, then the money multiplier will be ( Cr = currency deposit ratio, rr= reserve deposit ratio)
Options:-
A. (Cr + rr) / (1 + Cr)
B. (Cr + rr) / (rr + l)
C. Cr / rr
D. (Cr+1) / (rr + Cr)
ANS: D
Options:-
A. Dominant strategy
B. Maxi max
C. Mini max
D. Maxi min
ANS: B
9. Match List I with List II :
List I List
II
Reverse Repo Rate RBI provides loan to commercial
banks for short Term
Bank Rate RBI provides loan
to commercial banks for long Term
Repo Rate RBI
borrows money from commercial banks
Cash Reserve Ratio Commercial
banks have to deposit minimum ratio
of their net total
liabilities in RBI
Choose the correct answer from
the options given below -
Options:-
A. (a)-(i), (b)-(iii), (c)-(ii),
(d)-(iv)
B. (a)-(iii), (b)-(ii), (c)-(i),
(d)-(iv)
C. (a)-(iii), (b)-(i), (c)-(ii),
(d)-(iv)
D. (a)-(i), (b)-(ii), (c)-(iii),
(d)-(iv)
ANS: B
10. What are the primary goals
of sustainability?
a. The end of poverty and hunger
b. Better standard of education
and healthcare
c. To achieve gender equality
d. Sustainable economic growth
e. To achieve both inter and
intra generational equity
Choose the most appropriate
answer from the options given below :
Options:-
A. (a), (b), (c) and (e)
B. (a), (c), (d) and (e)
C. (a), (b), (c) and (d)
D. (a), (b), (c), (d) and (e)
ANS: D
11. Real and nominal income is
calculated respectively at
Options:-
A. Current and constant prices
B. Constant and current prices
C. Constant and constant prices
D. Current and current prices
ANS: B
12. Match 'Labour Force’ with
the appropriate item from among the following-
Options:-
A. Total work force
B. Employed + unemployed
C. Total educated manpower
D. Population in the Age Group(15
– 60)
ANS: B
13. In which year, Gross
Domestic saving rate was the highest?
Options:-
A. 2004-05
B. 2007-08
C. 2011-12
D. 2016-17
ANS: B
14. With reference to the views
of classical on public debt, which of the followings are correct:
a. Future financing gets more troublesome
due to public debt
b. Public debt leads to a
reduction of resources for productive private employment
c. Increasing public debt leads
to currency depreciation and deflationary situations in the economy
d. Debt financing requires funds
for interest payment and amortization, hence a double burden for exchequer
e. Public debt leads to
productive activities
Choose the most appropriate
answer from the options given below :
Options:-
A. (a), (e) and (b)
B. (c), (d) and (e)
C. (e), (d) and (a)
D. (a), (b) and (d)
ANS: D
15. In Harrod-Domar Model, if
the growth rate of income is 8% and the capital output ratio is 4% then the
saving rate must be
Options:-
A. 32%
B. 2%
C. 36%
D. 1/2%
ANS: A
16. Match List I with List II:
List I List
II
a. Pure Public good i.
Non-rival but excludable
b. Pure Private good ii.
Non-excludable but rivalry
c. Open access resources iii. Non-rival and non excludable
d. Congestible resource iv. Excludable and rival
Choose the correct answer from the
options given below :
Options:-
A. (a)-(iii), (b)-(iv), (c)-(i),
(d)-(ii)
B. (a)-(iii), (b)-(iv),
(c)-(ii), (d)-(i)
C. (a)-(i), (b)-(ii), (c)-(iii),
(d)-(iv)
D. (a)-(iii), (b)-(ii), (c)-(i),
(d)-(iv)
ANS: B
17. Here is given sex ratio for different
states of India for 2011
a. Gujarat-942
b. Madhya Pradesh -931
c. Odisha-979
d. Tamil Nadu -996
e. Haryana- 862
Choose the connect answer from
the options given below :
Options:-
A. (b), (c) and (d) only
B. (a) and (b) only
C. (c) and (d) only
D. (c), (d) and (e) only
ANS: A
18. Which of the following conditions are satisfied for a rationale firm to achieve its equilibrium by maximising 𝑄 = 𝑓(𝐿,𝐾) subject to C = wL + rK.
Options:-
A. (a), (b) and (e) only
B. (a), (d) and (e) only
C. (a) and (e) only
D. (a) and (b) only
ANS: B
19. In the Mundell-Fleming
model, under floating exchange rate, which policy is more effective to
influence aggregate income?
Options:-
A. Fiscal policy
B. Monetary policy
C. Exchange rate policy
D. None of the above
ANS: B
20. Two factors of production,
say A and B have the same price. The least cost combination of A and B for
producing given level of output will be achieved at a point where the Iso-quant
has slope equal to
Options:-
A. 0
B. 1
C. -1
D. 2
ANS: C
Options:-
A. 3
B. 2
C. 1
D. 0
ANS: B
22. One of the various
qualitative instruments used by the central bank during inflation is Options:-
A. Raise margin requirement
B. Remove margin requirement
C. Reduce margin requirement
D. Fix margin requirement
ANS: A
23. Arrange the following
Environmental disasters chronologically in accordance of their occurrence
a. Bhopal Gas Tragedy
b. Chernobye explosion
c. London smog episodes
d. Exxon Valdez
e. The Threemile Island Nuclear
Disaster
Choose the correct answer from
the options given below : Options:-
A. (a), (d), (e), (c), (b)
B. (c), (e), (a), (b), (d)
C. (a), (c), (d), (e), (b
D. (b), (c), (d), (a), (e)
ANS: B
24. Primary deficit is given by
Options:-
A. Fiscal deficit — Interest
payments
B. Revenue deficit — Interest
payment
C. Budget deficit — Interest
Payment
D. Revenue Receipt – Revenue
Expenditure
ANS: A
25. When MPC is 0.75, a decrease in taxes Rs.20 crore will
increase GDP by
Options:-
A. Rs. 200 crores
B. Rs. 100 crores
C. Rs. 600 crores
D. Rs. 800 crores
26. Which of the followings are
assumptions of ordinal utility analysis?
a. Consumers are consistent in
their preferences
b. Consumer can measure the
total utility received from any given basket of goods
c. Consumer preferences follow
transitivity
d. Consumers are non-satiated
with respect to goods they confront
e. Consumers are irrational
Choose the correct answer from
the options given below : Options:-
A. (b), (c), (d) only
B. (c), (d), (e) only
C. (a), (c), (d) only
D. (a), (b), (c) only
ANS: C
27. The fitted regression
equation is given by 𝑌𝑖 = −10 + 0.6𝑋. What is the value of the
residual at the point X = 40, Y = 60.
Options:-
A. 74
B. 46
C. 0
D. 45
ANS: B
28. Which of the followings were
the part of EDI policy reforms and other measures during the Covid-19 pandemic
period?
a. 100 per cent PHI in the
health sector
b. Permitting foreign investment
upto 100 percent under automatic route in Telecom services sector
c. "FDI monitoring cell”
has been formed to expedite FDI proposals
d. Raised the FDI limit from 49
per cent to 74 per cent in insurance companies under the automatic route
e. Reduced the limit of FDI in
the defence sector to realize the vision of Atmanirbhar Bharat Choose the
correct answer from the options given below :
Options:-
A. (d) and (e) only
B. (b), (c) and (e) only
C. (b), (c) and (d) only
D. (a), (d) and (e) only
ANS: C
29. If we have objective
function involving n variables : U = f (X1, X2, X3, …. Xn) subject to ∅ [X1, X2, X3,.... Xn) = 0. The
second order condition for extremum to be
a. For maximum |𝐻̅2| < 0, |𝐻̅3| < 0 ….
b. For maximum |𝐻̅2| > 0, |𝐻̅3| < 0 ….
c. For maximum |𝐻̅2| < 0, |𝐻̅3| > 0 ….
d. For minimum |𝐻̅2| < 0, |𝐻̅3| < 0 ….
e. For minimum |𝐻̅2| > 0, |𝐻̅3| > 0 ….
Choose the correct answer from
the options given below :
Options:-
A. (a) and (d) only
B. (b) and (d) only
C. (c) and (e) only
D. (b) and (e) only
ANS: B
30. Arrange the following
chronologically in order of their years of first occurrence:
a. Environmental Kuznets Curve Hypothesis
b. Limits to growth theorem
c. Bouldings 'The Economics of
Coming Spaceship Earth’
d. Jevon’s Coal Question
e. Raechel Canson’s Silent
Spring
Choose the correct answer from
the options given below : Options:-
A. (e), (a), (b), (d), (c)
B. (a), (c), (d), (b), (e)
C. (d), (a), (e), (c), (b)
D. (e), (d), (c), (b), (a)
31. A simultaneous equation
model is said to be over-identified if. Options:-
A. Unique numerical values of
the structural parameters can be obtained
B. More than one numerical
values can be obtained for some of the parameters of the structural equations
C. Unique solution of all the
structural coefficient is not possible
D. Structural coefficient cannot
be estimated
ANS: B
32. What are the practical
consequences of multicollinearity in CLRM?
a. R2 the overall measure of
goodness of fit can be Very high
b. OLS estimators are not BLUE
c. OLS estimators have small
variance and covariances
d. t ratio of one or more
coefficients is statistically insignificant
e. The OLS estimators and their
standard errors can be sensitive to small changes in the data Choose the
correct answer from the options given below :
Options:-
A. (a), (b) and (g) only
B. (a), (b) and (d) only
C. (a), (d) and (e) only
D. (b), (c) and (e) only
ANS: C
33. In which, stage of the
product cycle model, the imitating country starts producing the product for
domestic consumption?
Options:-
A. Stage – III
B. Stage – II
C. Stage – I
D. Stage – V
ANS: A
34. Which of the followings
conditions prevail in the long run equilibrium of industry for achieving
optimal resource allocation
a. The output is produced at the
minimum feasible cost
b. consumer pays the minimum
possible price which just covers the marginal cost of the product
c. Plants are used at full
capacity in long run
d. Firms earn supernormal
profits
e. Perfect competitive firms and
price mechanism operates Choose the correct answer from the options given below
:
Options:-
A. (a), (b), (c) and (e) only
B. (c), (d) and (e) only
C. (b), (d) and (e) only
D. (a), (b) and (e) only
ANS: A
35. Which of the followings are
correct?
a. M1 = C + DD + OD
b. M2 = M1 + saving deposits
with post office sating banks
c. M3 = M2 + net time deposits
of banks
d. M3 = M1 + net time deposits
of banks
e. M4 = M1 + total deposits with
the post office savings Choose the correct answer from the options given below
Options:-
A. (a), (b) and (c) only
B. (a), (b) and (d) only
C. (a), (c) and (d) only
D. (b), (d) and (e) only
ANS: B
36. The hypothesis of cumulative
causation as an explanation of the backwardness of developing nations is
associated with
Options:-
A. Ragnar Nurkse
B. Gunnar Myrdal
C. Arthus Lewis
D. Fei and Ranis
ANS: B
37. Here is given weights of
items under use based classification of industrial production index of India
(Base 2011-12)
a. Primary goods 34.05%
b. Capital goods 12.22%
c. Intermediate goods 17.22%
d. Infrastructure / Construction
goods 12.34%
e. Consumer goods 24.17%
Choose the correct answer from
the options given below :
Options:-
A. (b), (c) and (d) only
B. (a), (b) and (e) only
C. (a), (c) and (d) only
D. (b), (d) and (e) only
ANS: C
38. Which of the followings are
correct?
a. The market is a system that
works with price mechanism
b. Market failure refers to the
divergence of market equilibrium from pareto optamality
c. Market fails to efficiently
supply public goods and the same makes a case for govt intervention
d. Market efficiently works in
the presence of positive externalities
e. Market efficiently works in
the presence of negative externalities Choose the correct answer from the
options given below :
Options:-
A. (a), (b), (c) and (d) only
B. (a), (b) and (c) only
C. (c), (d) and (e) only
D. (b) and (e) only
ANS: B
39. Pradhan Mantri Jan Dhan
Yojana (PMJDY) has been a flagship programme of the Government of India
a. Beneficiaries of This scheme
are eligible for accident insurance cover of Rs. 1 lakh now
b. PMJDY is helpful in inclusive
development
c. PMJDY beneficiaries should
not be given other benefits like benefits under MUDRA scheme
d. It is leading to women
empowerment
e. More than 45 crore people
have benefitted so far under PMJDY Choose the most appropriate answer from the
options given below :
Options:-
A. (a), (b) and (c) only
B. (b), (c) and (d) only
C. (b), (d) and (e) only
D. (a), (d) and (e) only
ANS: C
40. If the income effect for a
good is in the opposite direction as the substitution effect, but the
substitution effect dominates then the good is
Options:-
A. Normal
B. Inferior but not giffen
C. Giffen
D. None of the above
ANS: B
41. PM Gatishakti is driven by
engines. Options:-
A. Four
B. Five
C. Six
D. Seven
ANS: D
42. What has been the reason for
recent dip in vehicle registration in the country? Options:-
A. Shortage of semi-conductor
chips
B. Poor credit supply br the
banking sector
C. Sharp rise in vehicle prices
D. Reduced demand for vehicles
ANS: A
43. The total revenue (R) and
total cost (C) function of a firm are given by R = 30Q – Q2. C = 20 + 4Q. Where
Q is output, find the equilibrium output of the firm
Options:-
A. 4
B. 13
C. 15
D. 10
ANS: B
44. Match List I with List II:
List I List II
a. Money supply and price level
in an economy are indirect proportion i.
A.W. Phillips
b. Inverse relationship between
unemployment and rate of wage inflation ii. Fisher
c. Profit as reward for
innovation
iii. Robert Lucas
d. Policy ineffective
proposition
iv. Joseph Schumpeter
Choose the correct answer from
the options given below :
Options:-
A. (a)-(ii), (b)-(i), (c)-(iv),
(d)-(iii)
B. (a)-(iii), (b)-(ii), (c)-(i),
(d)-(iv)
C. (a)-(ii), (b)-(iv),
(c)-(iii), (d)-(i)
D. (a)-(iv), (b)-(iii),
(c)-(ii), (d)-(i)
ANS: A
45. Hari's score in the statistics in the first year is 76. whereas the class
average is 68 with a standard deviation of 5. What is Hari's Z-score?
Options:-
A. 1.5
B. 1. 6
C. 1. 2
D. 1. 4
ANS: B
46. Net migration refers to
Options:-
A. Overall level of population
change resulting from total migrants and emigrants
B. Is the difference between the
number of immigrant workers and the number of emigrant workers
C. Does not include refugees and
other lawful migrants
D. Includes refugees only
ANS: A
47. Arrange the different
schools of thought in a sequence of their occurance starting from the oldest.
a. Physiocrats
b. Keynesian economics
c. Classical economics
d. New Keynesian economics
e. Monetarist Counter revolution
Choose the correct answer from
the options given below : Options:-
A. (a), (b), (c), (e), (d)
B. (a), (c), (e), (b), (d)
C. (a), (b), (e), (c), (d)
D. (a), (c), (b), (e), (d)
ANS: D
48. Arrange the states in
descending order based on percentage of population who are multidimensionally
poor based on NITI Aayog Report 2021.
a. Bihar
b. Odisha
c. Rajasthan
d. Uttar Pradesh
e. Madhya Pradesh
Choose the correct answer from
the options given below :
Options:-
A. (a), (d), (e), (c), (b)
B. (a), (e), (c), (d), (b)
C. (a), (c), (e), (b), (d)
D. (a), (b), (c), (e), (d)
ANS: A
49. Which of the following are
correct?
a. Current account includes
merchandise export
b. Current account do not
include merchandise export
c. Current account includes
invisible export
d. Current account do not
includes invisible export
e. Current account includes both
merchandise exports and imports and invisible exports and imports
Choose the correct answer from
the options given below :
Options:-
A. (a), (b) and (c) only
B. (a), (c) and (e) only
C. (a), (d) and (e) only
D. (c), (d) and (e) only
ANS: B
50. The change in welfare due to
change in environmental quality is measured by Options:-
A. Hedonic price function
B. Marginal implicit function
C. Marginal Willingness to Pay (WTP)
function
D. Offer function
ANS: C
ANS: C
52. Arrange the countries based
on descending order of Human Development Index Value in 2019.
a. Norway
b. Bangladesh
c. India
d. China
e. Nepal
Choose the correct answer from
the options given below :
Options:-
A. (a), (d), (c), (b), (e)
B. (d), (a), (b), (e), (c)
C. (a), (d), (b), (c), (e)
D. (a), (d), (b), (e), (c)
ANS: A
53. Arrange the following events
in sequence (the oldest one being first)
a. The Tokyo Round
b. The Uruguay Round
c. The Annecy Round
d. The Dillon Round
e. The Torquay Round
Choose the correct answer from
the options given below :
Options:-
A. (c), (e), (d), (b), (a)
B. (e), (c), (a), (d), (b)
C. (c), (e), (d), (a), (b)
D. (e), (c), (d), (a), (b)
ANS: C
54. Write the steps to estimate
the ECM/VAR model in time series.
a. Unit root test
b. ACF and PACF test
c. ECM / VAR
d. Inputting data
e. Cointegration test
Choose the correct answer from
the options given below : Options:-
A. (d), (a), (e), (b), (c)
B. (d), (b), (a), (c), (e)
C. (d), (b), (a), (e), (c)
D. (b), (a), (d), (e), (c)
ANS: C
ANS: D
56. If the demand function is: P = 35 - 2x – x2 and the demand X0 is 3. What will be the consumer’s surplus?
Options:-
A. 27
B. 25
C. 60
D. 20
ANS: A
57. Given below are two
statements :
Statement I: Dualism refer to
economic and social divisions in an economy, such as difference in the level of
technology between sectors or regions, differences in the degree of geographic
development and differences in social customs and attitudes.
Statement II: The developing
countries in the early stage of development experience dualism, which have
implications for future pattern and pace of development.
In the light of the above
statements, choose the most correct answer from the options given below:
Options:-
A. Both Statement I and
Statement II are true
B. Both Statement I and
Statement II are false
C. Statement I is true but
Statement II is false
D. Statement I is false but
Statement II is true
ANS: A
58. Growth in total consumption
in India in 2021 — 22 is likely to be Options:-
A. 5.0 Percent
B. 6.0 Percent
C. 7.0 Percent
D. 8.0 Percent
ANS: C
59. Given below are two
statements :
Statement I : If you bought a
product which now becomes subject to tax you will be in a better position to
avoid the tax and the seller bears with a larger part if your demand is elastic
while seller's supply is inelastic.
Statement II: A tax on salt is
likely to be borne by the consumer.
In the light of the above
statements, choose the most appropriate answer from the options given below:
Options:-
A. Both Statement I and
Statement II are correct
B. Both Statement I and
Statement II are incorrect
C. Statement I is correct hut
Statement II is incorrect
D. Statement I is incorrect but
Statement II is correct
ANS: A
Options:-
A. (b), (d) and (e) only
B. (a), (b) and (d) only
C. (a), (c) and (d) only
D. (c), (d) and (e) only
Ans : C
61. Which of the following are correct with respect to IS-LM model?
a. The LM schedule slopes upward
to the right.
b. The LM schedule will shift to
the left with an increase in quantity of money
c. The LM schedule gives equilibrium
in the money market
d. The IS schedule will shift to
the left when these is an increase in government expenditure
e. The IS schedule will shift to
the right when taxes are reduced Choose the most appropriate answer from the
options given below :
Options:-
A. (a), (c), (e) only
B. (a), (b), (c), (d) only
C. (a), (c) only
D. (b), (d), (c), (e) only
ANS: A
62. Basic characteristics of an
under developed economy
a. A low level of technology and
poor human capital
b. Higher level of GDP and
percapita income
c. A high proportion of the
labour force engaged in agriculture and low agriculture productivity
d. A high proportion of domestic
expenditure on food
e. Higher incidence of poverty
Choose the most appropriate answer
from the options given below :
Options:-
A. (a), (c), (d), (e) only
B. (a), (c), (b), (e) only
C. (b), (d), (e) only
D. (b) only
ANS: A
63. Match List I with List II :
List I List
II
a. Size matters in international
trade i. Paul Krugman
b. Economies of scale and
monopolistic competition in international trade ii. Mercantilists
c. Technological gap theory of
trade iii. M.V. Posner
d. Zero sum game of trade iv.
The gravity model
Choose the correct answer from
the options given below :
Options:-
A. (a)-(iv), (b)-(iii), (c)-(i).
(d)-(ii)
B. (a)-(iv), (b)-(i), (c)-(iii),
(d)-(ii)
C. (a)-(iii), (b)-(l), (c)-(iv),
(d)-(ii)
D. (a)-(iii), (b)-(iv), (c)-(i),
(d)-(ii)
ANS: B
64. Tools of expansionary Fiscal
policy include
a. Raising Government
expenditure
b. Reducing Government expenditure
c. Increasing tax rate
d. Reducing tax rate
e. Increasing money supply
Choose the correct answer from
the options given below : Options:-
A. (a), (d) only
B. (b), (c) only
C. (a), (d), (e) only
D. (b), (c), (e) only
ANS: A
65. A stationary population is
that when population growth is Options:-
A. Increasing at an increasing
rate
B. Increasing at a decreasing
rate
C. Grows at zero rate
D. 100%
ANS: C
66. Given below are two
statements : One is labelled as Assertion A and the other is labelled as Reason
R
Assertion A : The Endogenous
growth theory examines production function that shows increasing returns.
Reason R : Increasing returns in
Endogenous growth theory is due to specialization and investment in knowledge
capital and learning by doing.
In the light of the above
statements, choose the most appropriate answer from the options given below :
Options:-
A. Both (A) and (R) are correct
and (R) is the correct explanation of (A)
B. Both (A) and (R) are correct
but (R) is NOT the correct explanation of (A)
C. (A) is correct but (R) is not
correct (A)
D. (A) is not correct but (R) is
correct (A)
ANS: A
67. Which of the following is
correct?
a. The gross barter terms of
trade uses quantity index for imports and exports
b. Both gross barter terms of
trade and net barter terms of trade make use of the price index for imports and
exports
c. The net barter terms of trade
uses price index for imports and export
d. Both gross barter terms of
trade and net barter terms of trade make use of the quantity index for imports
and exports
e. The gross barter terms of
trade uses price index but the net barter terms of trade uses quantity index
for imports and exports
Choose the correct answer from
the options given below : Options:-
A. (a) and (b) only
B. (b) and (c) only
C. (c) and (e) only
D. (a) and (c) only
ANS: D
68. Which of the following hold
good for Lewis model of development?
a. Unlimited supply of labour
b. Marginal productivity of
labour in the subsistence sector is equal to or less than subsistence wage
c. Dual economy with a modern
sector and a subsistence sector
d. Agricultural sector subject
to increasing returns
e. Model that explains the
crucial role of capitalist surplus in the development process Choose the more
appropriate answer from the options given below :
Options:-
A. (a), (b), (c), (e) only
B. (a), (b), (d), (e) only
C. (b), (c), (d), (e) only
D. (a), (c), (d), (e) only
ANS: A
69. In relation to
considerations of demographic dividend there appears to be ' demographic
dualism" exhibited by the Indian states. In this regard consider the
following factors
a. Total fertility rate
b. Sex ratio
c. Percapita income
d. Urbanisation rate
Choose the correct answer from
the options given below : Options:-
A. both (a) and (b)
B. only (a)
C. only (b) and (c)
D. only (a), (b) and (d)
ANS: B
70. "Menu Cost” is a
concept used in
Options:-
A. Classical economics
B. Neo-classical economics
C. New-Keynesian economics
D. Keynesian economics
ANS:C
71. Which of the following
properties of matrix are correct?
a. (𝐴′)′ = 𝐴
b. The rank of an n x n
non-singular matrix A must be less than n
c. (𝐴𝐵)′ = 𝐴′𝐵′
d. (𝐴 + 𝐵)^𝑛 = (𝐴)^𝑛 + (𝐵)^𝑛
e. (𝐴′)^−1 = (𝐴^−1)
Choose the correct answer from
the options given below :
Options:-
A. (a), (b) and (c) only
B. (a), (d) and (e) only
C. (a), (c) and (d) only
D. (c), (d) and (e) only
72. Suppose a profit maximising
monopolist is producing 800 untis of output and is charging a price of Rs. 40
per unit. If the elasticity of demand for the product is -2, marginal cost of
the last unit produced is
Options:-
A. 10
B. -400
C. -2
D. 20
ANS: D
73. Match List I with List II
List I List II
a. Absolute Income Hypothesis i.
Milton Friedman
b. Relative Income Hypothesis
ii. J M Keynes
c. Permanent Income Hypothesis
iii. James Dusenberry
d. Life Cycle Hypothesis iv.
Franco Modiglani
Choose the correct answer from
the options given below :
Options
A. (a)-(ii), (b)-(i), (c)-(iv),
(d)-(iii)
B. (a)-(ii), (b)-(iii),
(c)-(ii), (d)-(iv)
C. (a)-(iv), (b)-(iii),
(c)-(ii), (d)-(i)
D. (a)-(iii), (b)-(ii), (c)-(i),
(d)-(iv)
ANS: B
74. Monetary policy instruments
are
a. Changes in public expenditure
b. Changes in taxation
c. Open market operations
d. Bank reserve requirement
e. Interest rate policy
Choose the most appropriate
answer from the options given below : Options:-
A. (a), (b) only
B. (a), (b), (c) only
C. (c), (d), (e) only
D. (b), (d), (e) only
ANS: C
75. Match List I with List II :
List I List
II
a. Andhra Pradesh PCI in 2020-21
i. Rs. 98418
b. Madhya Pradesh PCI in 2020-21
ii. Rs. 109730
c. Odisha PCI in 2020-21 iii.
Rs. 121267
d. West Bengal PCI in 2020-21
iv. Rs. 170215
Choose the correct answer from
the options given below :
Options:-
A. (a)-(ii), (b)-(i), (c)-(iii),
(d)-(iv)
B. (a)-(iv), (b)-(i), (c)-(ii),
(d)-(iii)
C. (a)-(iv), (b)-(ii), (c)-(i),
(d)-(iii)
D. (a)-(iii), (b)-(i), (c)-(ii),
(d)-(iv)
ANS: B
76. Match List I with List II:
List
I List II
a. FEMA i. 1969
b. ME TP Act
ii. 2002
c. Competition Act iii.
1973
d. FEEA iv. 1999
Choose the correct answer from
the options given below
Options:-
A. (a)-(i), (b)-(ii), (c)-(iv),
(d)-(iii)
B. (a)-(iii), (b)-(i), (c)-(ii),
(d)-(iv)
C. (a)-(iv), (b)-(ii), (c)-(i),
(d)-(iii)
D. (a)-(iv), (b)-(i), (c)=-(ii),
(d)-(iii)
ANS: D
77. The Central bank policy of
altering the domestic credit extended by it in an equal and opposite direction
to the variation in foreign exchange reserves so that the monetary base remains
unchanged is called
Options:-
A. Stabilization
B. Monetary expansion
C. Fiscal expansion
D. Sterilisation
ANS: D
78. What will be the aggregate
Domestic Income NDP (FC) of the economy for 2022-23:
if GDP (Market Price) = 27654 Crores
Depreciation = 2847 crores
Indirect taxes less subsides =
2160 crores
Options:-
A. 24807
B. 22647
C. 26967
D. 28467
ANS: B
79. What does the result of the
first empirical test of the Heckscher-Ohlin model by Wassily Leontief find?
Options:-
A. U S exports were less
capital-intensive than U.S. imports
B. U S exports were more
capital-intensive than U.S. imports
C. U S exports were more human
capital-intensive than U.S. imports
D. All the above
ANS: A
80. Match List I with List II:
List I List
II
a. Testing of overall
significance i.
Chi-square test
b. Testing the independence of
attributes ii. Jarque - Bera test
c. Testing the significance of
regression
coefficients iii.
F-test
d. Normality test iv.
t-test
Choose the correct answer from
the options given below :
Options:-
A. (a)-(i), (b)-(ii), (c)-(iii),
(d)-(iv)
B. (a)-(iii), (b)-(i), (c)-(iv),
(d)-(ii)
C. (a)-(iii), (b)-(iv),
(c)-(iii), (d)-(ii)
D. (a)-(i), (b)-(iii), (c)-(iv),
(d)-(ii)
ANS: B
81. Criteria and weights
assigned by the Fifteenth Finance Commission of India for Horizontal
Devolution:
a. Area
b. Forest and Ecology
c. Income Distance
d. Tax and Fiscal efforts
e. Demographic performance
Choose the correct answer from
the options given below : Options:-
A. (d), (b), (e), (a), (c)
B. (b), (d), (a), (e), (c)
C. (e), (a), (d), (c), (b)
D. (a), (d), (b), (c), (e)
ANS: A
82. The provision for social
goods, or the process by which total resource use is divided between private
and social goods and by which the mix of social goods is choosen is known as
Options:-
A. Allocation function
B. Distribution function
C. Stabilization function
D. Normalization function
ANS: A
a. n the number of trials is
finite and independent
b. n the number of trials is
infinite and independent
c. Each trial results in two
mutually exclusive and exhaustive outcomes, terms as success and failure
d. P the probability of success
is constant for each trial
e. The probability of failure
does not remain same for each trial Choose the correct answer from the options
given below :
Options:-
A. (a), (c) and (e) only
B. (b), (c) and (d) only
C. (a), (c) and (d) only
D. (b), (c) and (e) only
ANS: C
84. Provide proper chronological
order of different schemes launched in India
a. Pradhan Mantri Jan Aushadhi
Yojana
b. Pradhan Mantri Ujjwala Yojana
c. Atal Pension Yojana
d. PM Jan Dhan Yojana
e. Ayushman Bharat Yojana
Choose the correct answer from
the options given below : Options:-
A. (c), (b), (a), (d), (e)
B. (c), (d), (b), (a), (e)
C. (d), (a), (b), (c), (e)
D. (d), (c), (a), (b), (e)
ANS: D
85. The "tequila
effect" indicates :
Options:-
A. The spread of the 1994-95
Mexican crisis to other countries in Latin America
B. The spread of the 1997 crisis
in Thailand to other countries in Asia
C. The suprime crisis emerged in
2007 in the United State
D. The domestic debt crisis
occurred in Argentina in 1989
ANS: A
86. Below are some of the
features of the Micro. Small and Medium enterprises (MSMEs) in India.
a. Revised definition of the
MSMEs was brought in July 2020
b. In this definition turnover
limit varied between service and manufacturing enterprises
c. In the revised definition
turnover limit for small enterprises was Rs.50 crore
d. In this revised definition,
investment limit in plant and machinery or equipment for medium enterprises was
Rs.50 crore
e. In the revised definition,
investment limit for plant and machinery or equipment for medium enterprises
was Rs.5 crore
Choose the correct answer from
the options given below :
Options:-
A. (a), (d) and (e) only
B. (a), (c) and (d) only
C. (d) and (e) only
D. (a), (b) and (d) only
ANS: B
87. Which of the following
modern Indian Economic thinker had not gone abroad for study or work? Options:-
A. Mahatma Gandhi
B. Ram Manohar Lohia
C. B R Ambedkar
D. Deen Dayal Upadhyaya
ANS: D
88. Match List I with List II:
List I List
II
a. The greatest good for the
greater number i. Learner’s index
b. Stability of general
equilibrium ii. Bentham’s
criterion
c. Degree of monopoly power iii. Tatonnement
d. Third degree
price-discrimination iv. Pigou
Choose the correct answer from
the options given below:
Options:-
A. (a)-(iv), (b)-(iii), (c)-(i),
(d)-(ii)
B. (a)-(iv), (b)-(iii),
(c)-(ii), (d)-(i)
C. (a)-(i), (b)-(iii), (c)-(ii),
(d)-(iv)
D. (a)-(ii), (b)-(iii), (c)-(i),
(d)-(iv)
ANS: D
89. In the context of the
transaction demand for money, the square root rule was developed by
Options:-
A. Kydland – Prescott
B. Friedman – Scwartz
C. Boumol – Tobin
D. J M Keynes
ANS: C
90. Which of the following
strategy is not correct in order to have expansionary impact of fiscal policy?
Options:-
A. Public expenditure must be
financed by borrowings
B. Public expenditure must be
financed through increased taxes only
C. Compensatory spending for
public investment
D. Cut in taxes
ANS: B
Read the given passage and
answer the questions(91-95):
Although globalisation is often
accused of increasing world poverty, the fact is that poverty would probably be
even more widespread without globalisation. What is true is that globalisation
did not benefit all nations. What globalisation can be blamed for is not
spreading the benefits of increased efficiency and openness that come with
globalisation more evenly and equitably to all nations. The stock of Foreign
Direct investments around the World states that in 2010. The inward stock of
FDI of developing countries was 48 percent that of developed countries, while
their stock of outward FDI was about 17 percent that of developed countries.
The New International Economies of Scale (NIES) states that — more and more
products manufactured by international corporations have parts and components
made in many different nations. The reason is to minimise production costs.
Foreign "sourcing” of inputs is often not a matter of choice to earn
higher profit, but simply a requirement to remain competitive. The carry Trade
is the strategy in which an investor borrows a low yielding currency and lends
(invest in) a higher yielding currency. The risk is that if during the
investment period, the higher yielding currency depreciates against the lower
yielding currency by a higher percentage than the positive interest
differentials, the investor will lose money.
91. Which of the fallowing is
true?
Options:-
A. Because of globalisation
poverty has increased in all the countries of the world
B. Because of globalisation
poverty has reduced in all the countries of the world
C. Without globalisation world
poverty would probably be even more widespread
D. Without globalisation world
poverty would probably be even less widespread
ANS: C
92. Which of the following is
incorrect?
Options:-
A. The inward stock of FDI to
developing countries is less than that of developed countries
B. The outward stock of FDI from
developing countries is less than that of developed countries
C. Both the inward stock of FDI
to developing countries and outward stock of FDI from developing countries
remained higher in developing countries than developed countries
D. Both the inward stock of FDI
to developing countries and outward stock of FDI from developing countries
remained lower in developing countries than developed countries
ANS: C
93. Which of the following
reflects the most correct sense of the New International Economies of Scale
(NIES)
Options:-
A. All the parts and components
of a product is manufactured in the host country only
B. When all the parts and
components of the product manufactured in the host country, it minimize
production costs in each of the producing country
C. Cheaper inputs from different
countries are required to remain competitive
D. The NIES is more concern
about profit rather than to remain competitive
ANS: C
94. During the investment
period, if the higher yielding currency depreciates against the lower yielding
currency by a higher percentage than the positive interest differential then
which of the following will occur?
Options:-
A. The investor will lose
B. The investor will earn profit
C. The profit of the investor
will remain unaffected
D. None of the above
ANS: A
95. What for globalisation has
been blamed? Options:-
A. Globalisation has neither
increased efficiency nor openness
B. Globalisation has increased
both efficiency & openness
C. Globalisation has increased
efficiency but not openness
D. Globalisation has not
spreaded the benefits of increased efficiency and openness equitably to all
nations
ANS: D
96.The irrelevance of money for real variables in the classical system is called
Options:-
A. Fiscal neutrality
B. Monetary neutrality
C. Exchange rate neutrality
D. Technological neutrality
ANS:B
97. Arrange the following in
ascending order
a. Growth rate of Gross National
Income (at constant price) of India in 2015-16
b. Growth rate of Gross National
Income (at constant price) of India in 2016-17
c. Growth rate of Gross National
Income (at constant price) of India in 2017-18
d. Growth rate of Gross National
Income (at constant price) of India m 2018-19
e. Growth rate of Gross National
Income (at constant price) of India in 2019-20 Choose the correct answer from
the options given below :
Options:-
A. (e), (a), (d), (c), (b)
B. (c), (e), (b), (d), (a)
C. (e), (d), (c), (a), (b)
D. (c), (d), (e), (b), (a)
ANS:C
98. A bag contains 20 rickets
marked with numbers 1 to 20. One ticket is drawn at random. Find the
probability that will be multiple of 2 or 5.
Options:-
A. 0.7
B. 0.9
C. 0.6
D. 0.3
ANS:C
99. Given below are two
statements :
Statement I : Taking advantage
of the increased demand for staples during the COVID-19 pandemic. India's
agricultural exports continued to do well in 2021-22
Statement II : Lake in the year
2020-21. segments like marine products, buffalo meat, tea, coffee and dairy
products continued to perform poorly in terms of exports from India in 2021-22
In the light of the above
statements, choose the correct answer from the options given below :
Options:-
A. Both Statement I and
Statement II are true
B. Both Statement I and
Statement II are false
C. Statement I is true but
Statement II is false
D. Statement I is false but
Statement II is true
ANS:C
100. Match List I with List II:
List I List II
a. Rural-Urban migration i. Arthur Lewis
b. Economic development with
unlimited supply of labour ii. Gunnar myrdal
c. Process of cumulative
causation iii.
Raul Prebisch
d. Decline in terms of trade of
primary commodities iv. Harris-Todaro
Choose the correct answer from
the options given below :
Options:-
A. (a)-(i), (b)-(iv), (c)-(ii),
(d)-(iii)
B. (a)-(iv), (b)-(i), (c)-(ii),
(d)-(iii)
C. (a)-(i), (b)-(iv), (c)-(iii),
(d)-(ii)
D. (a)-(i), (b)-(iii), (c)-(ii).
(d)-(iv)
ANS: B
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