UGC NET Mock Test 23 on Economics – 20 Questions for Practice

1. Solow built his model as an alternative to

2. Which of the following measures of central tendency will be the most appropriate to use if the data relate to rates, proportions and ratios?

3. The total cost function and the market demand function of a competitive firm are C = 1/3 x3 – 10x2 + 9x + 1000 and x = (12 – p)/9 respectively. The level of output at which profits will be maximised?

4. The estimated regression equation of the form y = α0 + α1x1 + α2x2 + e is y = – 6.79 + 1.79(x1) + 0.97 x2 and SE (α0) = 1.32, SE (α1) = 0.41 and SE (α2) = 0.53. To test H0 : α1 ≠ 0, the test statistic | t | is equal to

5. What has been the share of the ‘food, beverages and tobacco’ in the private final consumption expenditure in India in the recent years?

6. In the presence of heteroscedasticity, the best linear unbiased estimators are provided by the method of

7. Which of the following is the most significant in stabilization policy?

8. For downward movement along the iso-quant, MRTS of Labour per unit of capital (MRTSL, K) is given by

9. What is the economic cost of foodgrains to the Food Corporation of India?

10. To test the stationarity of the series in time series analysis, the following test will be used:

11. What is meant by farm mechanization?

12. Which of the following development programmes is receiving 100 percent funding as centrally sponsored scheme from the Government of India? I. Accelerated Power Development & Reform Programme (APDRM) II. Rashtriya Krishi Vikas Yojana III. National Social Assistance Programme (NSAP) IV. Women & Child Development Programme

13. If interest payments are subtracted from gross fiscal deficit, the remainder will be

14. Opportunity cost version of comparative cost advantage doctrine was introduced by

15. Rank the States in descending order of their size of State Domestic Product at current prices in the recent years: I. Karnataka II. Maharashtra III. Uttar Pradesh IV. Tamil Nadu

16. Charging a different price in different markets is called

17. The concept of vicious circle of poverty is associated with

18. An input-output model which has endogenous final demand vector is known as

19. Identify the Five Year Plans when actual growth realisation has been higher than the growth target : I. Fifth Plan II. Seventh Plan III. Ninth Plan IV. Tenth Plan

20. Inter-sectoral terms of trade in an economy refers to