UGC-NET 2025 question paper

All 100 questions from the UGC-NET 2025 UGC NET Economics (Paper II) paper. Open any question for the worked solution.

Take UGC-NET 2025 as a timed mock →

1. Q1Which of the following approach has included Time Deposit with commercial banks in the definition of Money Supply?
2. Q2Match List-I with List-II (as per Union Budget, 2025-26). | List-I | List-II | A. Pensions as % of Central Government Expenditure | I. 22% | B.…
3. Q3Identify the Finance Commissions with their chairman: A. 12th Finance Commission - C. Rangarajan B. 11th Finance Commission - A.M. Khusro C. 14th…
4. Q4Match List-I with List-II. | List-I | List-II | A. 14th Finance Commission | I. Vertical Tax Devolution 41 percent | B. 15th Finance Commission |…
5. Q5In which year were the notes of Rs. 1000 denomination demonetised for the first time in India?
6. Q6Based on the following statements: A. Matrix Addition is not Commutative B. Matrix Addition is Associative C. Matrix Multiplication is Commutative…
7. Q7Given samples of sizes 20 and 15 with respective sample variances 35.53 and 34.92, the calculated value of the F-statistic is:
8. Q8Match List-I with List-II. | List-I | List-II | A. Slack Variable | I. Best of all feasible solutions | B. Surplus Variable | II. Solution violating…
9. Q9The basic propositions of neo-classical growth theory are: A. The growth of output depends on the rate of growth of labour productivity B. The…
10. Q10The Human Development Index (HDI) is used to rank countries based on:
11. Q11Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): The all-India annual…
12. Q12When public revenue increases by more than 1% for a 1% increase in GDP, it is known as:
13. Q13Match List-I with List-II. | List-I | List-II | A. Kenneth Boulding | I. Pollution Tax | B. Georgescu-Roegen | II. Spaceship Earth and Ecological…
14. Q14Which one of the following holds true at the equilibrium level of demand for labour by a perfectly competitive firm?
15. Q15Given the demand function Q = 100 - P - P², the elasticity of demand (e_d) at price P = 5 is:
16. Q16In the case of the balanced budget multiplier: A. Output increases less than the increase in government spending. B. Output increases more than the…
17. Q17Recently, inflation rates have trended downward and are approaching Central Bank target levels steadily. In this context, which of the following are…
18. Q18For a Cobb-Douglas production function with two inputs, Q = AK^αL^β where A > 0 and α, β > 0, the marginal products are: A. MP_K = α/KQ B. MP_K =…
19. Q19Given GNP at market price Rs. 14400 crores, consumption Rs. 12000 crores, government purchases Rs. 1200 crores, exports Rs. 1000 crores and imports…
20. Q20Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Since about the…
21. Q21Consider the following statements: A. In a barter system, if there are 3 goods to be exchanged, the required number of prices will be 3. B. Money…
22. Q22Which tax is also popularly known as the 'destination tax'?
23. Q23Match List-I with List-II. | List-I | List-II | A. Debt-deflation theory | I. Falling price levels raise the income levels | B. Pigou effect | II. A…
24. Q24'The Salmon War' was between:
25. Q25Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): The presence of…
26. Q26Based on Beta (β) and Gamma (γ) coefficients, if β₂ < 3 or γ₂ < 0 then the curve is said to be:
27. Q27Consider the following statements: A. Reserve Money = C + OD + CR B. M1 = C + OD C. Money Multiplier (m) = M / RM D. Narrow Money Supply = M3 (Here…
28. Q28In a population of men in a city, 3% are observed to suffer from cancer, 15% are found to be smokers, while 10% are noticed to be either smokers or…
29. Q29Match List-I with List-II. | List-I | List-II | A. Type I error | I. Accept H₀ when it is false | B. Type II error | II. H₀: μ = μ₀ and σ² = σ₀² |…
30. Q30Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): When everyone trades in the…
31. Q31Match List-I with List-II. | List-I | List-II | A. Harrod and Domar | I. Constancy of the capital output ratio | B. Lucas and Romer | II. Dual…
32. Q32Arrange the following in the correct chronological order. A. Shankar Acharya Committee on shifting the financial year from (April-March) to…
33. Q33Consider the following statements: A. Innovation Theory of Business cycle was given by Jorgenson B. Pure Monetary Theory of Business cycle was given…
34. Q34Which of the following are called 'club goods'? A. Railways B. Swimming pool C. Defense D. Gym
35. Q35Given below are two statements: Statement (I): Green Revolution led to an increase in the production of fine cereals. High incentives and the…
36. Q36If P(A) = 1/5 and P(B) = 1/3 and A and B are two mutually exclusive events, then the probability that neither A nor B will occur is:
37. Q37Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). (If X is a given series of observations…
38. Q38The main feature of embodied technical progress is:
39. Q39Which one of the following is NOT true about rational expectations?
40. Q40Identify the correct statement regarding the Mahatma Gandhi National Rural Employment Guarantee Scheme (MNREGS):
41. Q41Match List-I with List-II. | List-I | List-II | A. Neo-Chamberlinian Model | I. Horizontal differentiation of products | B. Neo-Hotelling Model |…
42. Q42A natural monopoly occurs when:
43. Q43The origin of the 'Big-Push' theory of development is based on:
44. Q44Given the demand function P = 80 - 3Q and cost function TC = 120 + 8Q: A. Maximum Revenue occurs at Q = 12 B. Maximum Revenue occurs at Q = 3 C.…
45. Q45Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Prices of diesel and…
46. Q46The Coasian Bargaining Approach will work when: A. The rights of the bargaining parties are transferable B. The bargaining parties are equally…
47. Q47When some domestic production by a nation member of the Union is replaced by lower-cost imports from another member nation, then the Union is known…
48. Q48Which of the following commodities are not covered by GST till now? A. Mobile phones B. Electricity C. Textiles D. Alcohol
49. Q49Match List-I with List-II. | List-I | List-II | A. nth term of an Arithmetic Progression | I. n/2[2a + (n-1)d] | B. nth term of a Geometric…
50. Q50Increased fiscal deficit leads to: A. Increase in government spending B. Increase in domestic interest rate C. Fall in private investment D. Fall in…
51. Q51Match List-I with List-II. | List-I | List-II | A. Amartya Sen | I. Rise and fall of inequality with economic growth | B. Simon Kuznets | II.…
52. Q52Consider the following items and figures (Rs. Crores): | Item | Amount | a. Total revenue receipts | 5600 | b. Total capital receipts | 3000 | c.…
53. Q53Which one of the following is true for the phenomenon of the Liquidity Trap?
54. Q54Consider the following statements: A. SEBI - Advisory body B. GST Council - Statutory body C. NITI Aayog - Advisory body D. RBI - Statutory body
55. Q55The Headcount Index of Poverty Measurement is based on:
56. Q56Which of the following is NOT correct in the case of the Rural Infrastructure Development Fund (RIDF)?
57. Q57The development of economic growth theory in chronological order would be: A. Harrod-Domar Growth Model B. Solow's Neoclassical Growth Model C.…
58. Q58The welfare criterion based on compensation payments is known as:
59. Q59The range of the function y = f(x) = √(1 - x²) is:
60. Q60For the given information regarding an economy, the value of equilibrium level of income is: C = 100 + 0.75Y_d; G = 40; I = 60; t = 0.2 (Here, C =…
61. Q61Which of the following is NOT a function of the Securities and Exchange Board of India (SEBI)?
62. Q62Given the difference equation Yₜ₊₁ - 1.2Yₜ = 0, the general expression for Yₜ in terms of t can be:
63. Q63Among the following types of treasury bill auctions, identify the correct ones. A. Adjusted price auction B. Uniform price auction C. Multiple price…
64. Q64Given the structural model y₁ = 3y₂ - 2x₁ + x₂ + u₁ y₂ = y₃ + x₃ + u₂ y₃ = y₁ - y₂ - 2x₃ + u₃ Based on the order condition, the second equation is:
65. Q65Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): Deficit spending by the…
66. Q66Match List-I with List-II. | List-I | List-II | A. Q theory | I. Unemployment and inflation | B. Phillips curve | II. Unemployment and output | C.…
67. Q67As per Dalton's optimum population formula defined as M = (A - O)/O (where M is the degree of mal-adjustment, A is actual population and O is the…
68. Q68NSSO and CSO come under:
69. Q69Choose the correct statements: A. The 'q' theory emphasises that investment increases when assets are valuable relative to their reproduction cost.…
70. Q70Based on the Economic Survey 2024-25, the Indian merchandise trade deficit widened due to: A. Decline of non-petroleum and non-gems and jewellery…
71. Q71The following statements are made in the Union Budget for the year 2025-2026: A. The FDI limit for the insurance sector will be raised from 74 to…
72. Q72The 'Economic Dependency Burden' of a country implies: A. The non-productive members of the country must be supported by the country's labour force.…
73. Q73Arrange the following theories in chronological order. A. Theory of limit pricing (Bain's Model) B. Logical ordering theory of demand given by J.R.…
74. Q74The Coefficient of Determination (R²): A. is an increasing function of the number of regressors B. is a decreasing function of the number of…
75. Q75Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): With a 10% rise in average…
76. Q76Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): The Organisation of…
77. Q77Consider the following statements: A. Globalisation carries benefits and opportunities as well as costs and risks B. Globalisation leads to flow of…
78. Q78In a situation of a decline in the price of a Giffen commodity, we find:
79. Q79Match List-I with List-II. | List-I | List-II | A. Targeted Public Distribution System (TPDS) | I. 1992 | B. Revamped Public Distribution System…
80. Q80The Kinked-Demand model of oligopoly was developed by which of the following?
81. Q81Let {ϵₜ} be a purely random process with mean zero and variance σ². Consider: A. A process {xₜ} defined by xₜ = α₁ xₜ₋₁ + α₂ xₜ₋₂ + … + αᵣ xₜ₋ᵣ + ϵₜ…
82. Q82Match List-I with List-II. | List-I | List-II | A. | e_d | for demand function D = 64 - 8P, at P = 6 | I. 6 | B. eₛ for supply function S = -25 +…
83. Q83Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): If X and Y are any two…
84. Q84Which one of the following production functions exhibits decreasing returns to scale?
85. Q85Etymologically, the term 'money' is derived from which language?
86. Q86Match List-I with List-II. | List-I | List-II | A. Narasimham Committee - I | I. Tax Reform | B. Narasimham Committee - II | II. Banking Sector…
87. Q87How much revenue will have to be foregone due to the different beneficial proposals in the central budget 2025-26?
88. Q88For analysing effective rent control in the housing sector: A. The shortage of housing is small in the short run compared to the long run. B. The…
89. Q89Monopoly Power is explained by which of the following?
90. Q90A theory that explains the phenomenon of increasing public expenditure and state activity was proposed by:
91. Q91Comprehension: For environmental assets, markets can fail if prices do not communicate society's desires and constraints accurately. Habitat…
92. Q92Comprehension: For environmental assets, markets can fail if prices do not communicate society's desires and constraints accurately. Habitat…
93. Q93Comprehension: For environmental assets, markets can fail if prices do not communicate society's desires and constraints accurately. Habitat…
94. Q94Comprehension: For environmental assets, markets can fail if prices do not communicate society's desires and constraints accurately. Habitat…
95. Q95Comprehension: For environmental assets, markets can fail if prices do not communicate society's desires and constraints accurately. Habitat…
96. Q96Comprehension: Present international economic relations have been least influenced by multilateral forums; meetings of multilateral economic…
97. Q97Comprehension: Present international economic relations have been least influenced by multilateral forums; meetings of multilateral economic…
98. Q98Comprehension: Present international economic relations have been least influenced by multilateral forums; meetings of multilateral economic…
99. Q99Comprehension: Present international economic relations have been least influenced by multilateral forums; meetings of multilateral economic…
100. Q100Comprehension: Present international economic relations have been least influenced by multilateral forums; meetings of multilateral economic…