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 statements best defines property rights?
2. Q2Which of the following is not true?
3. Q3Arrange the following countries based on the market capitalization to nominal GDP ratio at the end of December 2024 in ascending order (as per the…
4. Q4Which of the following is not true according to the classical view on public debt?
5. Q5Assume that the rate of investment is described by the function I(t) = 12 t^(1/3) and capital stock k(0) = 25. Find the time path of capital stock k.
6. Q6Which of the following is true in the case of a good, i.e., a 'Crowded City Sidewalk'?
7. Q7Arrange the following works of J. M. Keynes in chronological order (starting from the oldest to the latest). A. A Treatise on Money B. General…
8. Q8Match List-I with List II A. Paradox of thrift B. Water-Diamond paradox C. Wage employment paradox D. Macroeconomic paradox. List-II (Given by): I.…
9. Q9Which of the following axioms of utility theory do lexicographic preferences violate? (Originally set in Hindi.)
10. Q10Which of the following are correct about the Foreign Trade Policy (FTP) 2023 of India? A. India's FTP 2023 promotes cross-border trade in the…
11. Q11Which of the following is the operating target of the monetary policy conducted by the RBI? (Originally set in Hindi.)
12. Q12Match List-I with List II A. Playing each strategy with probability B. Maximum payoff given the strategy of the other C. Long-run behavior D. Period…
13. Q13Match List-I (renewable energy sources) with List-II (% of total energy production as on Nov 2024 as per Economic Survey 2024-25): A. Solar energy…
14. Q14In the context of classical economics, an increase in money supply causes:
15. Q15If the marginal propensity to consume is 0.8 and the initial increase in tax revenues by the government is Rs. 100, then the impact on national…
16. Q16Which of the following is likely to lead to a rise in the output cost of disinflation?
17. Q17Arrange the following Chairmen of the Finance Commission in order of their appointment starting from the oldest. A. A. M. Khusro B. C. Rangarajan C.…
18. Q18In which of the following years was the mandate/preamble of the RBI amended (to formalise the flexible inflation-targeting framework)?
19. Q19Arrange the following environmental conventions/summits in sequence starting from the oldest. A. Kyoto Protocol B. Minamata Convention C. Stockholm…
20. Q20Arrange the following rounds in chronological order (starting from the oldest). A. Millennium Round of Trade negotiations B. Doha Round C. Uruguay…
21. Q21Which of the following are correct about the revised criteria of MSMEs effective from 01 April 2025 as per Union Budget 2025-26? A. An enterprise is…
22. Q22According to Rostow, any industry can play the role of leading sector in the take-off stage provided the following conditions are met. A. The market…
23. Q23Integrate the integral of (x+3)/(x+5) dx.
24. Q24In the context of the IS-LM model, a higher marginal propensity to spend results in:
25. Q25Match List-I (items of receipts) with List-II (share of total receipts in % as per Union Budget 2025-26): A. Income tax B. Customs C. Corporation…
26. Q26Arrange the following publications in chronological order starting from the oldest to the latest. A. 'Theory of Economic Growth' by Arthur Lewis B.…
27. Q27The Stolper-Samuelson theorem postulates that:
28. Q28Which of the following are true regarding the outcome of a consumer's optimization process? A. The marginal utility per rupee spent on each good is…
29. Q29Consider the payoff matrix (Player 1 rows T, M, B; Player 2 columns L, R): T = (1,5),(0,3); M = (2,6),(1,4); B = (3,7),(2,2). Which of the following… · diagram
30. Q30Arrange the following sectors in descending order as per their share in total FDI in India in H1 FY 2025 as per the Economic Survey 2024-25. A.…
31. Q31Which of the following conditions are required for the set of consumers to exhibit parallel, straight wealth expansion paths at any price vector P?…
32. Q32If the demand law is P = sqrt(9 - x) and the demand is fixed at x0 = 5, find the consumer's surplus.
33. Q33Match List-I with List II A. Specific factors model B. Immiserizing growth C. Mercantilism theory of international trade D. Secular deterioration of…
34. Q34The idea of constructing poverty-weighted indices of growth is:
35. Q35According to classical economics, an increase in government deficit spending leads to: A. a shift in the demand for loanable funds to the right B. a…
36. Q36According to neoclassical growth theory, an increase in the saving rate:
37. Q37Match List-I with List II A. Theory of population growth and resource limits B. Demographic transition theory C. Father of demography D. Coined the…
38. Q38If Q = f(K, L) is a homogeneous production function of degree one, which of the following satisfies Euler's theorem?
39. Q39The data about the sales and advertisement expenditure of a firm is given below. Sales: mean 40, standard deviation 10 (Rs. crore); Advertisement…
40. Q40If x-bar = 32, y-bar = 38, and the regression coefficients b_xy = -0.2337 and b_yx = -0.6643, find the equation of the line of regression of y on x.
41. Q41If both input and output markets are competitive and firms are profit maximizing, then in equilibrium each factor of production earns:
42. Q42If the value of the Keynesian investment multiplier is 4, which one of the following will be the corresponding saving function?
43. Q43Which of the following games does not have any (pure-strategy) Nash Equilibrium?
44. Q44Which of the following are true pertaining to the problems of asymmetric information? A. Sellers can deal with asymmetric information by sending…
45. Q45According to the Coase theorem, which of the following are possible outcomes of assigning property rights? A. The polluter pays the victim to…
46. Q46The null hypothesis that all slope coefficients are simultaneously equal to zero is tested in a logit model by:
47. Q47Given U = (x + 2)(y + 1), P_x = 4, P_y = 6 and budget B = 130, find the optimum levels of purchase of x* and y*.
48. Q48In the product cycle model of international trade, in which stage does the imitating country begin to sell for less than the innovating country in…
49. Q49Two-stage least squares (2SLS) is applied to estimate the coefficients of the:
50. Q50If the income effect is in the opposite direction to the substitution effect, but the substitution effect dominates, then the good is:
51. Q51Evaluate the definite integral of e^(-2x) dx from 1 to 2.
52. Q52Which of the following statements correctly describe the concept of efficiency in environmental economics? A. An allocation is Pareto efficient if…
53. Q53Match List-I with List-II (properties of standard distributions): A. The mean of a Hypergeometric distribution B. The moment generating function of…
54. Q54Match List-I with List II A. Inverted-'U' hypothesis B. Sustainable development C. Ecological Economics D. Tragedy of the commons. List II I. Herman…
55. Q55Match List-I with List-II (properties of the Chi-square distribution): A. beta_1 (skewness measure) for Chi-square B. Skewness for Chi-square C.…
56. Q56Which of the following are true about the New Classical approach? A. The main protagonist was R. E. Lucas Jr. B. It is based on adaptive…
57. Q57Match List-I (criteria of the 15th Finance Commission) with List-II (weights for horizontal devolution): A. Income distance B. Population C.…
58. Q58Which of the following are the effects of an increase in government spending in the IS-LM framework in a closed economy? A. Increase in income by…
59. Q59Which of the following indicate that country 'B' is a capital-abundant country? (Options compare capital/labour endowment ratios and factor-price…
60. Q60Match List-I with List II A. Income-induced adjustment process of balance of payments B. Absorption approach of BoP C. Impossible trinity D. Factor…
61. Q61According to the Lucas Critique:
62. Q62Arrange the following union government deficits as a percentage of GDP for the year 2023-24 in ascending order as per Union Budget 2025-26. A.…
63. Q63Arrange the following derivative markets in India in chronological order (starting from oldest to latest). A. Commencement of trading in options on…
64. Q64Which of the following are correct in the case of the Normal distribution? A. beta_1 for the Normal distribution is 0. B. beta_2 for the Normal…
65. Q65Which of the following comprise the current account of the balance of payments? A. Invisible exports and imports B. Direct investment C. Unilateral…
66. Q66Which of the following are not true pertaining to Wagner's Law of increasing state activities? A. Wagner's Law is classified as a positive theory of…
67. Q67If U = 6x^2 + y^2, and 4x - y = 1, what is the (minimum) value of U?
68. Q68Arrange the following countries in descending order based on their current account balance as a percent of GDP in the period Q2 FY25 as per the…
69. Q69Arrange the following crises in chronological order (starting from the oldest). A. OPEC Oil Crisis B. International Debt Crisis C. East Asian…
70. Q70Arrange the following tax reform committees on the basis of their year of constitution starting from the oldest. A. Raja Chelliah tax reform…
71. Q71In the context of the neoclassical growth model, the effect(s) of an increase in the population growth rate is/are: A. Reduction in steady-state…
72. Q72Match List-I with List II A. Income elasticity greater than one B. Positive cross-price elasticity C. Downward-sloping price consumption curve (PCC)…
73. Q73A candidate is selected for interview for three posts. For the first post there are 3 candidates, for the second 4 candidates and for the third 2…
74. Q74The bootstrapping technique is used to:
75. Q75By using the uniqueness property of the moment generating function (MGF), which of the following are correct distributions if the MGF is as follows?…
76. Q76Arrange the following items on the basis of the expenditure allocation made in Union Budget 2025-26 in descending order. A. Agriculture and Allied…
77. Q77Which of the following is not correct about the Harrod-Domar model of economic growth?
78. Q78A company has determined that total cost C, total revenue R and the number of units produced X are related as C = 100 + 0.015 X^2 and R = 3X. Find…
79. Q79Which of the following are not assumptions of the policy ineffectiveness proposition? A. Rational expectations. B. Policy changes are not…
80. Q80Which of the following correctly states the formula to compute the rate of effective protection? Here g = the rate of effective protection to…
81. Q81Which of the following causes a positive output gap, where output gap = Actual output - Potential output?
82. Q82Which of the following are true in the case of an externality? A. In the case of an externality, all costs and benefits associated with the good are…
83. Q83According to Granger and Newbold, a good rule of thumb to suspect that an estimated regression is spurious is given by:
84. Q84Match List-I (concepts) with List-II (their expressions), where g_m = manufacturing output growth, g_gdp = GDP growth, P_om = productivity outside…
85. Q85If x is a Poisson variate with mean lambda, then P(x+1) is:
86. Q86Match List-I with List II A. integral(0 to inf) 1/(1+x^2) dx B. integral(1 to inf) 1/sqrt(x) dx C. integral(-inf to -1) 1/x^4 dx D. integral(-inf to…
87. Q87Arrange the expenditure allocation to the following items, as % of total union government expenditure as per Union Budget 2025-26, in ascending…
88. Q88The management of a manufacturing firm wishes to determine the average time required to complete a certain manual operation. There should be 0.95…
89. Q89Match List-I (monetary policy regime) with List-II (periods): A. Fiscal dominance B. Multiple indicator approach C. Monetary targeting with…
90. Q90Arrange the following rates in ascending order, as decided in the 54th meeting of the Monetary Policy Committee of the RBI. A. Marginal Standing…
91. Q91Two fair dice are thrown independently. Three events are defined: A: odd face with the first die; B: odd face with the second die; C: sum of points…
92. Q92Two fair dice are thrown independently. A: odd face with the first die; B: odd face with the second die; C: sum of points is odd. Find P(A and B and…
93. Q93Two fair dice are thrown independently. C: sum of points on the two dice is odd. Find P(C).
94. Q94Two fair dice are thrown independently. A: odd face with the first die; C: sum of points is odd. Find P(A and C).
95. Q95Two fair dice are thrown independently. B: odd face with the second die; C: sum of points is odd. Find P(B and C).
96. Q96VRRR (Variable Rate Reverse Repo) operations indicate:
97. Q97The RBI's consideration of global interest rate differentials primarily relates to:
98. Q98Which concept is implicit in the RBI's focus on anchoring inflation without immediate rate action?
99. Q99Read the passage on the RBI's calibrated withdrawal of accommodation. Which of the following reflects the RBI's strategy in managing transient…
100. Q100Read the passage on the RBI's monetary policy. The term 'withdrawal of accommodation' in monetary policy implies: