UGC-NET 2026 question paper

All 99 questions from the UGC-NET 2026 UGC NET Economics (Paper II) paper. Open any question for the worked solution.

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1. Q1Arrange the following according to year of enactment (latest to earliest): A. MRTP Act B. FERA C. FEMA D. Competition Act
2. Q2Which of the following is not an assumption of Monopolistic Competition?
3. Q3Which of the following assumption is NOT similar in Harrod and Domar Model?
4. Q4"Only that much labour should be used with capital as will reduce the marginal productivity of labour to zero." This statement is given by which of…
5. Q5Arrange the following states in descending order of population size as per 2011 census of India: A. Arunachal Pradesh B. Uttarakhand C. Goa D.…
6. Q6Which of the following proposition of demand for money in Keynesian theory has a distinct break with classical theory of demand for money?
7. Q7Match List - I with List - II: List-I: A. OECD; B. ASEAN; C. SAARC; D. NAFTA List-II: I. 1961; II. 1981; III. 1967; IV. 1992
8. Q8What will be the third derivative of the following rational function? y = g(x) = x/(1+x); (x ≠ -1)
9. Q9Which of the following is NOT a cause for Structural Inflation?
10. Q10If Investment-Saving (IS) curve is less elastic, then:
11. Q11Which of the followings are the parts of Foreign Exchange Reserve in India? A. Foreign Currency Asset B. Gold C. Foreign Currency and Securities…
12. Q12Which type of following deficit, effects the amount of government borrowing?
13. Q13Match List - I with List - II: List-I: A. First Order Differentiation; B. Second Order Differentiation; C. Matrix; D. Definite Integration List-II…
14. Q14Match List - I with List - II: List-I: A. Kennedy Round; B. Tokyo Round; C. GATT Round; D. WTO Round List-II: I. 1964-1967; II. 1995; III.…
15. Q15Which of the following is/are correct option? A. Steady State Growth approach given by Robert Solow B. Golden Age Concept given by Mrs Joan Robinson…
16. Q16Match List - I with List - II: List-I: A. Credit Linked Capital Subsidy Scheme; B. Production Linked Incentive; C. Funds of Funds; D. Atal…
17. Q17If AR = 15 - Q, then the value of Marginal Revenue will be:
18. Q18Which of the following is not true about the superiority of Baumol's Inventory Theoretical approach over Keynes approach?
19. Q19Chamberlin's Solution to the oligopoly problem is similar to the whose one provided by?
20. Q20Which of the following limits the credit creation of Commercial Banks? A. Fixed and Demand Deposit B. Debts C. Reserves with Central Bank D. Cash in…
21. Q22The Comparative Cost Advantage theory of International Trade is propound by:
22. Q23Which of the followings are functions of World Trade Organisation (WTO)? A. Administrating Trade Agreement among the nations B. Monitoring National…
23. Q24If the demand function is Q = 100 - 2P, when P = 25; then elasticity of demand will be:
24. Q25Match List - I with List - II: List-I: A. Life Cycle Hypothesis; B. Drift Theory; C. Ratchet Effect; D. Permanent Income Hypothesis List-II: I.…
25. Q26Arrange the following theory of Limit Pricing from earlier to latest: A. Franco Modigliani Model B. Pashigian Model C. Sylos-Labini Model D.…
26. Q27Which of the following statement is/are true? A. Schumpeter's development theory is based on three economic factors like circular flow, innovation…
27. Q28Arrange the Committee of Banking Reforms in Chronological order: A. Verma Committee B. Raghuram Rajan Committee C. P.J. Nayak Committee D. R.H. Khan…
28. Q29Appropriate statistics to examine goodness of fit of a two variable regression model is: A. F- statistic B. t -statistic C. Chi square - statistic…
29. Q30To calculate work participation rate, data are used for main workers and marginal workers; here, marginal workers are those who had not worked for…
30. Q31Given A = [1 3; 2 8; 4 0] and B = [5; 9]; then A × B will be:
31. Q32In Classical Employment Theory, the increase in money supply will: A. Increase in National Output B. Increase in Price Level C. Decrease in Wage…
32. Q33In Cobb-Douglas production function Q = A x₁^α · x₂^β · u; A denotes here:
33. Q34Match List - I with List - II: List-I: A. Uncertainty Theory; B. Duopoly Model; C. Edgeworth Diagram used for the first time; D. Kinked Demand Curve…
34. Q35Devaluation of Currency has the following effects: A. Changes relative domestic price B. Increases the tax value of domestic currency C. Increases…
35. Q36In the test-statistics, "P" value is known as:
36. Q37If Mode is 11, Mean 8, the difference of the two Quartiles is 8 and the sum of the two Quartiles is 22, then the Coefficient of Skewness will be: A.…
37. Q38Match List - I with List - II: List-I: A. Cornbetch α Test; B. Goldfeld Quandt Test; C. F-Test; D. Augmented Dicky Fuller Test List-II: I.…
38. Q39Which one of the following is NOT true about the product line?
39. Q40Match List - I with List - II: List-I: A. Cobweb Theorem; B. Over Investment Theory; C. Multiplier-Accelerator Theory of Business Cycle; D.…
40. Q41Fiscal Deficit of state government in India is financed by which factors? A. Market Borrowing B. External Borrowing C. Loans from Regional Rural…
41. Q42Tariff has following effects: A. Increase in domestic prices B. Decline in consumption C. Increase in import D. Increase in productivity
42. Q43When product tax is imposed as a percentage of price it is referred as?
43. Q44Match List - I with List - II: List-I: A. Optimal Income Taxation; B. Maximum Social Welfare Theory; C. Functional Finance; D. Zero Based Budget…
44. Q45Which of the following statement relates to Classical Theory of Employment?
45. Q46Arrange the following Schemes and Programmes according to their launching year (Earlier to latest): A. PM Vishwakarma Yojna B. One Nation One…
46. Q47Human Development Index (HDI) prepared by UNDP has following components: A. Life Expectancy B. Literacy C. Infant Mortality D. Per-capita Income
47. Q48The study of poverty were made by which of the following? A. Y. K. Alagh B. S. Tendulkar C. C. Rangnathan D. I. J. Ahluwalia
48. Q49The Range of the price elasticity is:
49. Q50As per Arthur Lewis Model, reinvestment of surplus income over wage results into: A. Increase in production B. Increase in Labour productivity C.…
50. Q51Key assumptions of Coase theorem are: A. Zero transaction coast and two agents to each bargain B. Competitive market for legal entitlements and…
51. Q52Which of the following level of utilization is considered as "Normal" by a firm?
52. Q53Which of the following factor is NOT associated to Terms of Trade in International Trade?
53. Q54In a Simultaneous equation model the OLS can be applied if:
54. Q55Which of the following is NOT the assumption of the Revealed Preference Hypothesis?
55. Q56What is the formula of Super Multiplier?
56. Q57Match List - I with List - II: List-I: A. Restatement of Quantity Theory of Money; B. Cash Balance Approach; C. Inventory Theorem; D. Portfolio…
57. Q58Gender Budget explains that: A. A separate budget for female B. Gender discrimination budget C. A technique for gender empowerment D. A separate…
58. Q59Match List - I with List - II: List-I: A. Area under Normal Curve above mean; B. Square of Standard Deviation; C. Systematic Distribution; D.…
59. Q60Match List - I with List - II: List-I (Author): A. E. D. Domar; B. N. Kaldor; C. R. M. Solow; D. Mrs. J. Robinson List-II (Book): I. Contribution to…
60. Q61The payment to an input which is in fixed supply in the short run is called?
61. Q62Application of Indifference Curves are generally NOT used in which of the following?
62. Q63In the Purchasing Power Parity Theory, the Exchange Rate is calculated by the following:
63. Q64Capital Revenue of Union Government NOT includes the following items: A. Tax Revenue B. Non Tax Revenue C. Debts D. Small Savings E. Interest Payment
64. Q65The National Food Security Act (NFSA) was enacted by Parliament in which year?
65. Q66The Harrod model of economic growth has following assumptions: A. Diminishing Return to Scale B. The level of ex-ante aggregate saving is a constant…
66. Q67Match List - I with List - II: List-I: A. Michael Thomas Sadler; B. Henery George; C. D. Ricardo; D. Castro List-II: I. Population Density; II.…
67. Q68High Powered Money consists of: A. Currency held by the public B. Required reserve ratio C. Excess reserve of commercial banks D. Currency held by…
68. Q69What is the necessary condition for complete absence of factor intensity reversal in international trade?
69. Q70Arrange the following organisation in chronological order according to year of establishment (from earlier to latest): A. ASEAN B. EU C. SAARC D.…
70. Q71In the estimation of National Income in India following economic activities are included: A. Agriculture and Allied Activities B. Mining C.…
71. Q72Match List - I with List - II: List-I: A. Full Cost Pricing Theory; B. Limit Pricing Theory; C. Marginal Productivity Theory; D. Product Exhaustion…
72. Q73Arrange the following steps of Econometric Methodology (first to last): A. Statement of Theory B. Obtaining the data C. Hypothesis testing D.…
73. Q74Which of the following is NOT a probability sampling?
74. Q75If TC = Q³ - 12Q² + 60Q, then what will be the quantity, where AC and MC are equal?
75. Q76Match List - I with List - II: List-I: A. Nash Equilibrium; B. Cournot Model; C. Edgeworth Solution; D. Stackleberg Model List-II: I. 1952; II.…
76. Q77The reason for expansion of the Gig Economy in India is: A. Significant growth occurs in online business B. Preference for work from home C. To hire…
77. Q78According to the Wealth Theory of Consumption of Ando and Modigiliani the consumption is the function of: A. Life time expected income of the…
78. Q79Which of the following statement is/are true? A. Fiscal Responsibility and Budget Management Act relates to foreign trade B. Make in India was…
79. Q80Which of the following is the focal point of Unnat Bharat Abhiyan (UBA)?
80. Q81Arrange the following schemes/programmes according to launching year (earlier to latest): A. PM Jan Man Yojna B. Swayam Prabha C. PM Rojgar…
81. Q82Arrange the Trade Cycle Theory from earlier to latest: A. Hicksian Theory B. Samuelson Model C. Goodwin Model D. Cobweb Theory
82. Q83Arrange the following books according to year of publication (Latest to earlier): A. Theory of Moral Sentiments B. The Principles of Political…
83. Q84Arrange the following International Trade theories in order of development (earliest to latest): A. Factor Endowment Theory B. Comparative Cost…
84. Q85Arrange the following steps in the process of hypothesis testing: A. Select the level of significance B. Draw conclusion C. Set up Null and…
85. Q86Arrange the following schemes according to year of initiation (earliest to latest): A. Community Development Programme B. Integrated Rural…
86. Q87Arrange the following according to appointment of chairman of Finance Commission (earlier to latest): A. Arvind Pangariah B. K. C. Neogy C. K.…
87. Q88Which of the following test is NOT used to detect Heteroscedasticity?
88. Q89According to Hall and Hitch the behaviour of Kinked Demand Curve in the context of price in Oligopolistic market is: A. Determination of the price…
89. Q90Who is the profounder of the following proposition of the growth model? A. The capital formation depends on the income distribution. B. The rate at…
90. Q91Comprehension (translated from the Hindi passage): Per the IMF, between 2012 and 2019 global economic growth at constant prices averaged 3.4%, and…
91. Q92Comprehension (IMF/India growth passage; see item 91): the passage lists India's future-reform priority areas as skill development, learning…
92. Q93Comprehension (IMF/India growth passage; see item 91): the passage states it is possible India will grow at more than 7% on the strength of recent…
93. Q94Comprehension (IMF/India growth passage; see item 91): India's cumulative annual growth rate at constant prices over 2014-2019 was 7.4%. Question…
94. Q95Comprehension (IMF/India growth passage; see item 91): the passage notes that the rising threat of geopolitical conflicts is a matter of concern for…
95. Q96Comprehension (world population passage): world population grew fastest in 1962-1965 (2.1% per year); the successive billions were reached in 1804…
96. Q97Comprehension (world population passage; see item 96): the world reached its first billion in 1804, second by 1928, third by 1960, fourth by 1974…
97. Q98Comprehension (world population passage; see item 96): world population was growing fastest during 1962-1965, averaging 2.1% per year. Question…
98. Q99Comprehension (world population passage; see item 96): per the UN World Population Prospects 2022, in 2022 East and South-East Asia held 2.3 billion…
99. Q100Comprehension (world population passage; see item 96): for the first time since 1950, the world's annual population growth rate fell below 1% in…