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.

Take UGC-NET 2024 as a timed mock →

1. Q1In the Human Development Report 2023/2024, out of a total 193 countries included under the Human Development Index, in which of the following groups…
2. Q2The rise in the nominal stock of money causes:
3. Q3What does not come under the purview of the functions of the Reserve Bank of India?
4. Q4What is the permissible limit of Foreign Direct Investment in India's defence industry through the government route?
5. Q5As per the National Family Health Survey-5, what was the number of females per 1000 males during the survey period 2019-21?
6. Q6During how many first completed days of life is the death of a baby defined as a Neonatal death?
7. Q7Which of the following is the current global measurement of the extreme poverty line?
8. Q8In which agricultural year was India's first Agricultural Census conducted?
9. Q9Under the Green Climate Fund of the UNFCCC, what ratio of financial allocation between 'Adaptation' and 'Mitigation' activities is aimed at?
10. Q10Which of the following is not an assumption of the Coase theorem related to externalities and environmental problems?
11. Q11Which of the following values indicates that each woman is being replaced by one daughter, leading to a stable population over time?
12. Q12Which of the following is the biggest item of grants-in-aid to the states assigned by the Fifteenth Finance Commission?
13. Q13Which state scored highest to secure the top-most rank in the 'State Energy Efficiency Index 2023' released by NITI Aayog?
14. Q14When imports are restricted with a quota rather than a tariff, the cost is sometimes magnified by a process known as:
15. Q15If y = (1+x)/(1-2x), then dy/dx is:
16. Q16Suppose the savings function is S = -5 + 0.3q, then find the correct answer from below:
17. Q17For the two-player game with player 1 choosing rows A1, A2, A3 and player 2 choosing columns B1, B2, B3, the payoffs (player1, player2) are: A1…
18. Q18Among the following, which is/are attempts at economic integration among developing countries? (1) The Central American Common Market (2) The…
19. Q19In the leakage-injection approach to income determination, an increase in lump-sum tax, ceteris paribus, shifts:
20. Q20Suppose Q = 20/P and P ≤ 10, MC = 1; then the profit-maximising price and quantity will be:
21. Q21Which effect implies that nominal interest rates tend to be high when inflation is high and low when inflation is low?
22. Q22Which organisation developed the UPI (Unified Payments Interface) system in India, and in which year?
23. Q23For the demand function of good x, Q_d = f(Pₓ, P_y, M), the sum of the own-price elasticity, cross-price elasticity and income elasticity of demand…
24. Q24As per Walras' law, the sum of excess demand for money, bonds and current output must be equal to:
25. Q25The phrase 'demonstration effect' was coined by:
26. Q26Which of the following is not an instrument of Monetary Policy?
27. Q27The quadratic form ax² + by² + 2hxy is negative for all values of x and y (other than x=y=0) if and only if:
28. Q28The production function Q = LK/(L+K) is:
29. Q29ANCOVA models include regressors that are:
30. Q30A and B are two events such that P(Ā)=0.4 and P(A ∩ B)=0.2, then P(A ∩ B̄) is:
31. Q31You have carried out a regression analysis but, after thinking about the relationship between the two variables, you decide to swap the explanatory…
32. Q32The lowest value of a set of observations is 4.5 and their range is 10.9, the arithmetic mean is found to be 19.9 and the median 15.6. Which of the…
33. Q33Estimation of regression coefficients in the presence of high but not perfect multicollinearity may result in all of these except:
34. Q34The position of the points O(0,0) and P(2,-3) in the region of the graph of the inequation 2x-3y<5 will be:
35. Q35Testing for cointegration is performed by:
36. Q36Heteroscedasticity may arise due to various reasons. Which one of the following is not a reason?
37. Q37To test H₀: μ = μ₀, when both μ and σ are unknown, the relevant test statistic is:
38. Q38Gross Domestic Product or GDP is defined as:
39. Q39The concept of efficiency wage theory was developed by:
40. Q40In the Cobb-Douglas production function q = A L^α K^β, where A, α and β are all positive, the parameters α and β measure:
41. Q41Arrange the following initiatives launched by the government in order of their starting year, from the oldest: (A) Antyodaya Anna Yojana (B) Mid-day…
42. Q42Arrange the following events from the date of their happening, starting from the oldest: (A) IRDA Act passed in Parliament (B) Concept of financial…
43. Q43Arrange the following taxes in the sequence in which they were introduced, starting from earliest to latest: (A) Commodities Transaction Tax (B)…
44. Q44Which of the following combinations of theorems and their subjects are correctly matched? (A) Modigliani-Miller theorem: Price of goods and real…
45. Q45Arrange the following in correct chronological order starting from the oldest to the latest: (A) World Trade Organisation (WTO) (B) General…
46. Q46Arrange the following in correct chronological order starting from the earliest to the latest: (A) Coase theorem (B) Hotelling principle (C) Nash…
47. Q47Arrange the following theories in correct chronological order, starting from earliest to latest: (A) Patinkin's Real Balance Effect (B) Reformulated…
48. Q48Arrange the following theories in correct chronological order, starting from earliest to latest: (A) Absorption approach (B) Factor Price…
49. Q49Arrange the following Acts in correct chronological order, starting from earliest to latest: (A) Chit Fund Act (B) Export Import Bank of India Act…
50. Q50Arrange the names of the following economists chronologically in order of their Nobel prize awards (starting from earliest to the latest): (A)…
51. Q51Arrange the following items in order of their construction, starting from the first stage to the last stage: (A) Budget (B) Utility analysis (C)…
52. Q52Choose the correct chronological sequence in ascending order (earliest to latest): (A) FRBM Act (B) Nationalisation of banks in India (C) Second…
53. Q53Arrange the following expressions in terms of increasing order of magnitude [given: a>0, b>0, x>0 ]: (A) y=e^a (B) y=e^(a+bx) (C) y=e^(a+b/x) (D)…
54. Q54Arrange the following norms of the tax revenue devolution formula of the Fifteenth Finance Commission in order of their weightages, starting from…
55. Q55Arrange the following in chronological order starting from earliest to latest: (A) A.W. Phillips: The Phillips Curve (B) J.M. Keynes: General Theory…
56. Q56Identify the correct statements: (A) According to environmental valuation theory, Option value = Future use value + Bequest value + Vicarious value…
57. Q57Inflation confers no benefits on society, but it imposes several real costs. What among the following are costs of inflation? (A) Shoeleather costs…
58. Q58Consider the following statements regarding the Non-Banking Financial Companies in India (NBFCs): (A) NBFCs are registered under the RBI Act 1948…
59. Q59India is a member of which of the following institutions of the World Bank group? (A) International Centre for Settlement of Investment Disputes (B)…
60. Q60Consider the following statements and identify the correct ones: (A) According to the accelerator models, investment demand is proportional to the…
61. Q61Consider the following statements regarding environmental economics and choose the correct ones: (A) The first UN Conference on the Human…
62. Q62The secular deterioration of terms of trade for less developed countries has been explained by: (A) J.S. Mill (B) H.W. Singer (C) Adam Smith (D)…
63. Q63As per the Gravity Model of world trade, which of the following components of the two countries determine the volume of trade between them? (A)…
64. Q64Identify the correct statements from below: (A) When the price consumption curve (PCC) for a good is parallel to the horizontal axis, the demand…
65. Q65Consider the following statements: (A) If a market generates a side effect or externality, then the market solution is inefficient. (B) If a market…
66. Q66A feasible solution in a linear programming problem (LPP): (A) Must satisfy all the problem's constraints simultaneously (B) Need not satisfy all…
67. Q67Consider the following targets of National Health Policy 2017. Choose the correct objectives to be achieved by 2025: (A) Infant Mortality Rate: 30…
68. Q68Consider the following statements: (A) Ecological footprint is a measure of human demand on the entire ecosystem (B) The top-down approach to…
69. Q69Consider the following Sustainable Development Goals and their objectives and say which ones are correctly matched: (A) Goal 7: Affordable and clean…
70. Q70Which of the following is/are possible reason(s) for a surplus in the balance of payments? (A) Decline in imports (B) Decline in interest rate (C)…
71. Q71Among the following, which is/are the instruments of the capital market? (A) Venture Capital (B) Treasury Bills (C) Certificate of Deposit issued by…
72. Q72Which among the following committees was set up for Banking sector reforms in India? (A) Jalan Committee (B) Ghosh Committee (C) Saraf Committee (D)…
73. Q73Consider the following statements regarding Regional Rural Banks (RRBs) in India: (A) RRBs were set up on the basis of the recommendation of the…
74. Q74Consider the following statements: (A) MC schedule is obtained by subtracting successive values of TC only (B) MC schedule is obtained by…
75. Q75Consider the following statements regarding public goods: (A) A public good is non-exclusive (B) A public good is national defense (C) A public good…
76. Q76Match List - I with List - II: List-I: (A) Travel cost method; (B) Stern review; (C) Brundtland commission report; (D) User cost List-II: (I)…
77. Q77Match List - I with List - II: List-I: (A) Top beneficiary from Foreign exchange trading; (B) Competitive equilibrium is Pareto efficient; (C)…
78. Q78Match List - I with List - II: List-I: (A) NITI Aayog; (B) R. Axelrod; (C) J. Stiglitz; (D) India's first five year plan (1951-1956) List-II: (I)…
79. Q79Match List - I with List - II: List-I: (A) W.W. Leontief; (B) Jan Tinbergen; (C) J.M. Keynes; (D) Joseph Bertrand List-II: (I) Shadow Price; (II)…
80. Q80Match List - I with List - II: List-I: (A) Ad Valorem Tariff; (B) Autarky; (C) Compound Tariff; (D) Specific Tariff List-II: (I) Fixed sum per unit…
81. Q81Match List - I with List - II: List-I: (A) Endogenous variable; (B) Count R2; (C) Ljung Box Statistic; (D) Least square dummy variable model…
82. Q82Match List - I with List - II: List-I: (A) Rachel Carson; (B) Kenneth Boulding; (C) G. Hardin; (D) Partha Dasgupta List-II: (I) Economics of…
83. Q83Match List - I with List - II: List-I: (A) Arbitrage; (B) Hedging; (C) Speculation; (D) Foreign exchange risk List-II: (I) refers to when an…
84. Q84Match List - I with List - II: List-I: (A) Labour capital ratio; (B) Labour intensive commodity; (C) Labour theory of value; (D) Labour saving…
85. Q85Match List - I with List - II: List-I: (A) Monopoly theory of distribution; (B) Theory of profit; (C) Full cost pricing; (D) Modern theory of rent…
86. Q86Match List - I with List - II: List-I: (A) General Heteroscedasticity test; (B) General test for autocorrelation; (C) Test of simultaneity; (D)…
87. Q87Match List - I with List - II: List-I: (A) Narasimham Committee Report; (B) Ghosh Committee Report; (C) Padmanabhan Committee; (D) Saraf Committee…
88. Q88Match List - I with List - II: List-I: (A) PQLI; (B) HDI; (C) Capability Approach to Development; (D) Multi-Dimensional Poverty Index List-II: (I)…
89. Q89Match List - I with List - II: List-I: (A) Montreal Protocol; (B) Cop 28; (C) Rio+20; (D) Willingness to Accept (WTA) List-II: (I) Contingent…
90. Q90Match List - I with List - II: List-I: (A) Bank run; (B) q-ratio; (C) Genuine saving; (D) Micro finance List-II: (I) D. Pearce; (II) M. Yunus; (III)…
91. Q91Comprehension - Social cost of monopoly power (diagram). A demand/AR curve, MR curve and an upward-sloping MC curve are drawn. The competitive… · diagram
92. Q92Comprehension - Social cost of monopoly power (diagram, as in item 91). Choose the correct answer from the following alternatives: · diagram
93. Q93Comprehension - Social cost of monopoly power (diagram, as in item 91). As a result of the higher price, the producer gains and at the same time… · diagram
94. Q94Comprehension - Social cost of monopoly power (diagram, as in item 91). Because of the higher price (from P_c to Pₘ), find out the producer's net… · diagram
95. Q95Comprehension - Social cost of monopoly power (diagram, as in item 91). The dead-weight loss from monopoly power is one of the following… · diagram
96. Q96Comprehension (Budget passage): Total receipts Rs.400 crore (revenue receipts Rs.250 crore, capital receipts Rs.150 crore); tax revenue Rs.220…
97. Q97Comprehension (Budget passage; figures as in item 96). Question: What was the revenue deficit as a percentage of GDP?
98. Q98Comprehension (Budget passage; figures as in item 96). Question: What was the primary deficit as a percentage of GDP?
99. Q99Comprehension (Budget passage; figures as in item 96). Question: What was the effective revenue deficit as a percentage of GDP?
100. Q100Comprehension (Budget passage; figures as in item 96). Question: What was the twin (twin) deficit as a percentage of GDP?