UGC-NET 2024 question paper

All 100 questions from the UGC-NET 2024 UGC NET Economics (Paper II) paper. Open any question for the worked solution.

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1. Q1The method used for estimation of price change of a house due to change in environment like starting of park, scenic beauty etc is:
2. Q2Match LIST-I with LIST-II: LIST-I: A. Crude Birth Rate; B. Age Specific Fertility Rate; C. Total Fertility Rate; D. General Fertility Rate LIST-II…
3. Q3Harris - Todaro framework discusses. Choose the correct answer from the options given below.
4. Q4Arrange the following from earlier to the latest: A. Adam Smith B. David Ricardo C. David Hume D. Paul R. Krugman E. Jen Tinbergen Choose the…
5. Q5Find out the correct alterative - Scitovsky double criterion
6. Q6There is an inverse relationship between the rate of interest and the speculative Demand for Money. This is due to:
7. Q7Match LIST-I with LIST-II: LIST-I: A. Lindhal's Theory; B. Club Theory; C. Parkinson's Law; D. Hotelling Rule LIST-II: I. Production of Public…
8. Q8Which of the following is not a rural development programme of India
9. Q9Given the following statements about major schools of thought in macro economics, state which ones are correct: A. The New Keynesians assume…
10. Q10For the production function, Q = AK^αL^β, where A,α,β>0, which of the following statement(s) are correct? A. Degree of homogeneity is 1 B. Output…
11. Q11Match LIST-I with LIST-II: LIST-I: A. Type II error; B. Mean > Mode; C. Homogenous population; D. Time reversal test LIST-II: I. P₀₁× P₁₀=1; II. Not…
12. Q12Arrange in descending order the extent of crowding out effects as under: A. Classical Macro model B. Complete Keynesian system assuming general…
13. Q13Match LIST-I with LIST-II: LIST-I: A. Supply side of international trade; B. Demand side of international trade; C. Opportunity cost of…
14. Q14Which of the following is/are not applicable to classical theory of trade? A. Labour theory of value B. One factor model C. It satisfies zero - sum…
15. Q15Which one of the following is not correct regarding India's national level programmes:
16. Q16Which is/are, not modern theory of trade? A. Human Skills Theory B. Factor proportions Theory C. Product Cycle Theory D. Offer Curve Analysis E.…
17. Q17Advantages of Indirect Tax are: A. It is difficult to evade B. It is elastic in nature C. It is convenient to pay D. It is based on the ability to…
18. Q18Arrange the following theories in correct chronological order. (starting from the earliest) A. Cambridge version of quantity theory of money B.…
19. Q19The basis of consumer surplus in Marshallian utility analysis is -
20. Q20Consider the following statements: A. Price leadership equilibrium strategy is a Nash equilibrium strategy B. Bertrand equilibrium strategy is a…
21. Q21Which of the following agencies is responsible for computing the National Income statistics in India?
22. Q22When with the increase in income, the percentage of income as tax falls, it is called
23. Q23Consequences of hoarding of money by individual are: A. Loss of utility by not purchasing goods and services. B. Foregone interest by not saving. C.…
24. Q24'Demographic Dividend' relates to which aspect of population?
25. Q25According to the Real Business Cycle School, in the absence of supply shock:
26. Q26Match LIST-I with LIST-II: LIST-I: A. Life Cycle Hypothesis; B. Cash Balance Approach; C. Organic Composition of Capital; D. Tableau Economique…
27. Q27Which of the following trade models exhibits the features of economies of scale and monopolistic competition?
28. Q28Arrange the following from earlier to latest: A. The logic of Investment Planning - Sukhamoy Chakravarti B. Choice of Techniques - Amartya Sen C.…
29. Q29Which of the following Indian ministries is responsible for the publication of reports on longitudinal data on the informal sector of India?
30. Q30Find out the correct answer about the 'Pigovian Tax'. A. Provides solution in order to internalise the total cost of an activity into the market. B.…
31. Q31Match LIST-I with LIST-II: LIST-I: A. Simple random sampling; B. Systematic sampling; C. Quota Sampling; D. Stratified random sampling LIST-II: I.…
32. Q32Arrange the following based on their date of establishment, from earlier to latest: A. IDBI - Industrial Development Bank of India B. IFCI…
33. Q33The unit root tests for time series is based on the null hypothesis that the time series under consideration is -
34. Q34Read the example given below and find out the correct choice compatible from among the alternatives: If a professor assigns only letter grades to an…
35. Q35Big Push theory considers a process of development that essentially depends on:
36. Q36Six number of fair dice are rolled simultaneously. What is the probability that each face shows up with a different number?
37. Q37In a market model with a 'lagged' supply function, lagging by one time period, the convergence of the time path of price towards the equilibrium…
38. Q38Arrange the following government schemes chronologically according to their year of launching starting from the earliest A. Ayushman Bharat Yojana…
39. Q39In a Life Table which one of the following does not fit:
40. Q40When C_d, I_d & G_d stand for consumption expenditure, investment expenditure & government expenditure respectively, on domestically produced goods…
41. Q41Match LIST-I with LIST-II: LIST-I: A. von Neumann and Oscar Morgenstern; B. Axelrod; C. Stackelberg leadership model; D. Single-shot game LIST-II… · diagram
42. Q42Match LIST-I with LIST-II: LIST-I: A. Gross barter terms of trade; B. Single factorial terms of trade; C. Income terms of trade; D. Secular… · diagram
43. Q43Arrange the following demographic phases as per C. R. Blacker's theory of population. A. Low mortality and death exceeding birth B. Falling birth…
44. Q44Match LIST-I with LIST-II: LIST-I: A. Durbin - Watson; B. Granger; C. Farrar - Glauber; D. Glejser LIST-II: I. Multicollinearity; II.… · diagram
45. Q45Arrange the introduction / coinage of the following concepts in chronological order (oldest to latest): A. Primitive Socialist Accumulation B.…
46. Q46Due to open - access to a property after it is over-used beyond its carrying capacity. Such a situation is called:
47. Q47Arrange the following from earlier to the latest A. Price - Specie - Flow Mechanism B. Comparative Advantage C. Absolute Advantage D. Intra…
48. Q48Marginal Efficiency of Capital (MEC) & Marginal Efficiency of Investment (MEI) converge perfectly, when:
49. Q49Which of the following is/are true for international monetary system? A. Gold exchange standard B. OPEC C. Bretton Woods System D. Law of one price…
50. Q50Match LIST-I with LIST-II: LIST-I: A. Expansionary monetary policy under Adaptive Expectations; B. Anticipated expansionary monetary policy under…
51. Q51Choose the feature which does not fit with the features of monopolistic competition.
52. Q52Match LIST-I with LIST-II: LIST-I: A. Positive externality in consumption; B. Positive externality in Production; C. Negative externality in…
53. Q53Ecological Footprint means:
54. Q54A continuous supply shock leads to:
55. Q55In a two variable regression, the dependent and independent variables are Y and X respectively. The coefficient of correlation between X and Y is…
56. Q56A tangency point between non-linear isoquant and an isocost line identifies -
57. Q57Match LIST-I with LIST-II: LIST-I: A. Perfectly Competitive Model; B. Bertrand Model; C. Stackelberg Model; D. Oligopoly Model LIST-II: I. The…
58. Q58Lewis - Ranis - Fei framework considers the following strategies as essential for unhindered progress. A. Land reforms B. Green revolution C.…
59. Q59Given the CES production function y = [a₁ x₁^p + a₂ x₂^p]^(1/p), the elasticity of substitution between factors is
60. Q60Which of the following does/do not come under exchange rate? A. Export activities B. Open market operations C. Interest rate D. Import activities E.…
61. Q61In the Keynesian system, an increase in money supply will increase the demand for goods & services by:
62. Q62In the IS - LM framework, under general recessionary condition, as government expenditure (G) rises, A. As Bond price (p_b) falls, rate of interest…
63. Q63Endogenous Growth theory has been developed by: A. K. Arrow B. R. Barro C. P. Romer D. R. Solow E. G. Mankiw Choose the correct answer from the…
64. Q64Which of the following is not correct?
65. Q65Which of the following is/are not the definition of gains from trade? A. It is the benefit individuals and countries derive from participating in…
66. Q66Vertical equality in taxation requires that:
67. Q67Consider the following system of equations: Y₁ = α₀ + α₁ Y₂ + α₃ Y₃ + α₄ X₁ + α₅ X₂ + U₁ Y₂ = β₀ + β₁ Y₃ + β₂ Y₁ + β₃ X₂ + U₂ Y₃ = λ₀ + λ₁ x₁ + λ₂…
68. Q68Asymmetric information in the Lemons Market results in: A. Gradual fall of average price. B. Gradual withdrawal of better quality products. C.…
69. Q69Given the objective function y=f(x₁, x₂ … xₙ) and the constraint g(x₁, x₂ … xₙ) = 0, the second order condition for an extremum is: A. |H̄₂| < 0…
70. Q70Arrange the following events in increasing order of their probability of happening: A. Probability of getting two heads in simultaneous toss of two…
71. Q71Match LIST-I with LIST-II: LIST-I: A. Free Trade Area; B. Customs Union; C. Common Market; D. Economic Union LIST-II: I. All tariffs are removed…
72. Q72Match LIST-I with LIST-II: LIST-I: A. Adam Smith; B. David Ricardo; C. Karl Marx; D. Amartya Sen LIST-II: I. Size of the market; II. Natural…
73. Q73Given the following statements, state which ones are correct: A. GDP is devoid of all types of double - counting. B. Donations are included in…
74. Q74The marginal revenue of a firm is Rs. 10 and the price it charges per unit is Rs. 30. Assuming that the firm is a profit maximiser, what is the own…
75. Q75Arrange the writing of the following books in chronological order (oldest to latest) A. Why nations fail B. Grundrisse C. Poverty & famines D. The…
76. Q76Effective Demand Problem may arise even in a competitive market economy under Rational Expectation, if there is:
77. Q77Match LIST-I with LIST-II: LIST-I: A. Unit Root test; B. Contingency table; C. Regression coefficient; D. Autocorrelation LIST-II: I. Durbin…
78. Q78Walras law states that if N -1 markets are in equilibrium, then we can get equilibrium price / prices in:
79. Q79If a variable has 'm' categories, we can run the regression using:
80. Q80The input - output matrix for a two sector economy is given by A = [0.25 0.40; 0.10 0.10]. If the external demand for the outputs of the two sectors…
81. Q81A Central Bank can increase money supply in an economy: A. By raising the Cash Reserve Ratio B. By purchasing government securities from the public…
82. Q82In the presence of externality, Coase theorem argues:
83. Q83Which of the following statements is true concerning the optimal solution of a linear programming problem with two decision variables?
84. Q84Arrange the following from earlier to present A. John F. Nash B. Von Neumann and Oscar Morgenstern C. Robert Axelrod D. Paul Milgrom E. John Maynard…
85. Q85Identify the chronology of the theories of population as developed by the following: A. Karl Marx B. Edwin Cannan C. T. R. Malthus D. C. R. Blacker…
86. Q86Generalised least square method of estimation can be used in which of the following cases: A. Autocorrelated disturbances B. Multicollinearity among…
87. Q87In the New Classical Macro Model without unanticipated shock, we may have - A. Voluntary unemployment B. Involuntary unemployment C. Disguised…
88. Q88Arrange the introduction of the following concepts in chronological order (oldest to latest) A. Adaptive expectation hypothesis by Friedman. B.…
89. Q89Given A = [2 0 4; 1 3 1] and B = [4 5 0], which of the following is true? A. ABᵀ is [8; 19] B. ABᵀ is defined C. AB is not defined D. BA is defined…
90. Q90If government expenditure rises by Rs. 100, total tax revenue rises by Rs. 100, the value of marginal propensity to consume is 0.5 & there is no…
91. Q91Comprehension - Safety Investment Game (a Prisoners' Dilemma). Payoff matrix (Firm-1, Firm-2), each cell (Firm-1 payoff, Firm-2 payoff): (No Invest…
92. Q92Comprehension - Safety Investment Game (payoffs as in item 91: (No Invest, No Invest) = (200, 200); (No Invest, Invest) = (250, 100); (Invest, No…
93. Q93Comprehension - Safety Investment Game (payoffs as in item 91). Find the correct alternative: In this game, the underinvestment problem can be…
94. Q94Comprehension - Safety Investment Game (payoffs as in item 91). Find the correct alternative: Investment by both firms
95. Q95Comprehension - Safety Investment Game (payoffs as in item 91). Find the correct alternative: Safety investment by one firm in the industry
96. Q96Comprehension (Amartya Sen on human capability and human capital): education makes a person more efficient in production (enhancing human capital)…
97. Q97Comprehension (Sen passage as in item 96). Human Capability & Human Capital are related in the following way:
98. Q98Comprehension (Sen passage as in item 96). The concept of Human - capability relates to:
99. Q99Comprehension (Sen passage as in item 96). Individuals value certain doings & beings, having direct impact, such as:
100. Q100Comprehension (Sen passage as in item 96). Which of the following concepts is not related to Human Capability: