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NTA NET Economics September-2013 Solved Paper II
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- Marginal Cost is less than the Average Cost when Average Cost falls with
- an increase in output
- a decrease in output
- constant output
- no change in output
- Answer: a
- The pure monopolist obtains equilibrium level of output when
- Marginal Revenue = Marginal Cost
- Price = Marginal Cost
- Price is the lowest
- Price is the highest
- Answer: a
- The transformation curve is derived from the
- Consumption Curve
- Utility Possibility Curve
- Social Welfare Function
- Production Contract Curve
- Answer: d
- Match the items in List-I with the items in List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Principles of Economics
- Kinked Demand Curve
- Principle of Maximum Social Advantage
- Law of Invisible Hand
- Paul Sweezy
- Adam Smith
- Marshall
- Dalton
- A
- B
- C
- D
- 3
- 1
- 4
- 2
- 3
- 2
- 4
- 1
- 2
- 1
- 3
- 4
- 4
- 3
- 1
- 2
- Answer: a
- Assertion (A) : The imposition of Sales Tax does not affect the profit of the monopolist.
- Reason (R) : The monopolist shifts the burden of Sales Tax on to the consumer.
- Both A and R are true and R is the correct explanation of (A) .
- Both A and R are true, but R is not the correct explanation of (A) .
- A is true, but R is false.
- A is false, but R is true.
- Answer: d
- Market demand for any goods is a function of
- price per unit of that goods
- price per unit of related goods
- income of the consumer
- taste and preference of the consumer
- Codes:
- 1 and 2 only are true.
- 1 and 3 only are true.
- 1,2 and 3 only are true.
- 1,2, 3 and 4 are true.
- Answer: d
- If the railways are making loss on passenger traffic they should lower their fares. The suggested remedy would work only if the demand for rail travel has a price elasticity of
- ep > 1
- 1 > ep > 0
- Zero
- One
- 2 and 3
- 1 and 2
- 1 and 3
- 2 and 4
- Macro economics distinguishes between the real economy
- virtual economy
- monetary economy
- normative economy
- underground economy
- Answer: b
- Match the items in List-I with the items in List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Psychological Law of Consumption
- Relative Income Hypothesis
- Permanent Income Hypothesis
- Life Cycle Hypothesis
- Ratchet Effect
- Age Structure of the Population
- Distribution of Income
- Backward Looking Expectations
- A
- B
- C
- D
- 3
- 1
- 4
- 2
- 2
- 4
- 1
- 3
- 3
- 1
- 2
- 4
- 4
- 2
- 3
- 1
- Answer: a
- Assertion (A) : There exits inverse relationship between interest rates and bond prices.
- Reason (R) : A bond price represents the present discounted value of the payments agreed upon at the time when the bond was issued.
- Both A and R are correct, and R is the correct explanation of (A) .
- A is correct, but R is not the correct explanation of (A) .
- A is correct, but R is incorrect.
- A is incorrect, but R is correct.
- Answer: a
- Assertion (A) : The Natural Rate of Unemployment Hypothesis yields in the long run a vertical Phillips Curve.
- Reason (R) : The Natural Rate of Unemployment assumes static price expectations.
- A is correct and R is the correct explanation of (A) .
- Both A and R are correct and R is not the correct explanation of (A) .
- A is correct, but R is incorrect.
- Both A and R are incorrect.
- Answer: c
- In the context of different business cycle theories match the nature of cycle⟋approach given in List-I with the propounders in List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Constrained Cycles
- Acceleration – Multiplier Interaction Approach
- Capital – Stock Adjustment Principle
- Real Business Cycles
- Paul A. Samuelson
- J R Hicks
- Nicholas Kaldor
- Robert J. Barro
- A
- B
- C
- D
- 2
- 1
- 3
- 4
- 1
- 2
- 4
- 3
- 2
- 1
- 4
- 3
- 1
- 3
- 2
- 4
- Answer: a
- Assuming fixed prices, which of the following statements are true?
- Monetary policy is more effective, flatter the IS-curve.
- Fiscal policy is less effective, flatter the LM curve.
- Fiscal policy is more effective, flatter the LM curve.
- Monetary policy is ineffective and fiscal policy is fully effective in liquidity trap.
- Codes:
- 1,2, 4
- 1,3, 4
- 2,3, 4
- None of the above
- Answer: b
- Match items given in List-I with those given in List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Inventory Theoretic Approach
- Liquidity Preference as Behaviour Towards Risk
- Money as a Temporary Abode of Purchasing Power
- A Discontinuous Individual Speculative Demand for Money Function
- JM Keynes
- Milton Friedman
- James Tobin
- W Baumol
- A
- B
- C
- D
- 1
- 4
- 3
- 2
- 2
- 3
- 4
- 1
- 3
- 2
- 1
- 4
- 4
- 3
- 2
- 1
- Answer: d
- Which country stands at the top in 2011 Human Development Index ranking of 187 countries in H. D. I. Report – 2011?
- Norway
- Australia
- New Zealand
- U. S. A.
- Answer: a
- By an unlimited supply of labour, Lewis meant
- infinite elasticity of demand for labour
- infinite elasticity of supply for labour
- infinite labour available at prevailing wage rate
- none of the above
- Answer: c
- According to Mrs. Robinson, the stage of ‘Golden Age’ = ________.
- Capital growth rate > Labour growth rate
- Capital growth rate = Labour growth rate
- Capital growth rate < Labour growth rate
- Capital growth rate > 1
- Answer: b
- According to whom, surplus value should be given to labour?
- Adam Smith
- Karl Marx
- Gandhiji
- Sen
- Answer: b
- According to Kuznets, innovation is
- Application of new knowledge to production process
- Improvement of efficiency of machines
- Discovery of new consumption needs
- Improvement of marketing techniques
- Answer: c
- The approach of social dualism is connected with the following country:
- Indonesia
- U. K.
- Iran
- Pakistan
- Answer: a
- Assertion (A) : A lump sum tax imposed on a monopolist cannot be shifted to the consumers.
- Reason (R) : The lump sum tax becomes a part of his fixed cost and it does not affect the marginal cost of production.
- A is true, but R is false.
- Both A and R are false.
- A is not correct, but R is correct.
- Both A and R are correct and R is the correct explanation of (A) .
- Answer: d
- The case for progressive tax rates exists in terms of
- Benefits received
- Cost of service
- Ability to pay
- Voluntary exchange approach
- Answer: c
- According to Peacock and Wiseman՚s analysis, public expenditure increases
- in smooth and continuous manner
- as time passes
- in jerks or step like fashion
- both in the short and long runs
- Answer: c
- Which one of the following debt redemption method is a process by which maturing debts are replaced by new bonds and there is no liquidation of the money burden of debt?
- Repudiation
- Refunding
- Conversion
- Capital levy
- Answer: b
- Fiscal deficit less interest payments is called
- Net fiscal deficit
- Monetised deficit
- Primary deficit
- Budgetary deficit
- Answer: c
- Mercantilism was based on the ideology of
- Globalization
- Nationalism
- Regionalism
- Privatization and Globalisation
- Answer: b
- Policy of Protection will benefit
- Abundant factor of production
- Scarce factor of production
- Both A & B are correct
- None of the above
- Answer: b
- The Stolper-Samuelson Theorem postulates that the imposition of tariff by a nation causes the real income of the nation՚s
- both and abundant factors to rise
- abundant factor to rise
- scarce factor to fall
- scarce factor to rise
- Answer: d
- Match the items of List-I and with items of List-II from the given codes:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Adam Smith
- David Ricardo
- Ohlin
- Haberler
- Opportunity cost
- Factor endowment
- Absolute advantage
- Comparative advantage
- A
- B
- C
- D
- 3
- 4
- 2
- 1
- 4
- 2
- 1
- 3
- 2
- 3
- 4
- 1
- 1
- 2
- 3
- 4
- Answer: a
- Match List-I with List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Rybczynski Theorem
- Metzler Effect
- Stopler-Samuelson Theorem
- Immiserising growth
- The effect of tariffs on factor prices
- The effect of factor growth on production and growth
- The effect of tariffs on domestic prices
- The effect of growth on terms of trade
- A
- B
- C
- D
- 4
- 3
- 1
- 2
- 4
- 1
- 3
- 2
- 2
- 1
- 3
- 4
- 2
- 3
- 1
- 4
- Answer: d
- Match items in List-I with the items in List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Rajiv Gandhi Udyami Mitra Yojana
- Credit Guarantee Fund Trust of Medium and Small Enterprises
- National Manufacturing Competitiveness Programme
- National Competition Commission of India
- Jointly set up by Government of India & SIDBI
- Lean Manufacturing
- Control of Cartels
- Promotion of first generate entrepreneurs
- A
- B
- C
- D
- 4
- 1
- 2
- 3
- 4
- 2
- 1
- 3
- 4
- 3
- 1
- 2
- 3
- 4
- 1
- 2
- Answer: a
- Which of the following is not correct about the micro, small and medium enterprises in India?
- It covers both registered and informal sectors.
- Its classification criteria is investment in plant and machinery.
- The fourth Census of the MSMEs is for the year 2009 − 10.
- According to the fourth Census of MSME, total registered MSME sector comprised 67.1 percent manufacturing units white 32.9 percent were service enterprises.
- Answer: c
- What is the ceiling on investment in plant and machinery for small enterprises in India?
- ₹ 25 lakhs
- ₹ 5 crore
- ₹ 1 crore
- ₹ 10 crore
- Answer: b
- What is the weight of the manufacturing sector in the Industrial Production Index (2004 − 05 = 100) ?
- 69.0 percent
- 72.3 percent
- 75.5 percent
- 79.2 percent
- Answer: c
- Match items of List-I with items of List-II:
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Bharat Nirman Yojana
- National Food for Work Programme
- Indira Awas Yojana
- Supply of Improved Tool Kits to Rural Artisans
- Rural Housing
- Merged with SGSY
- Merged with SGRY
- Rural Infrastructure
- A
- B
- C
- D
- 4
- 3
- 1
- 2
- 4
- 2
- 1
- 3
- 4
- 1
- 2
- 3
- 2
- 4
- 1
- 3
- Answer: a
- Which one of the following is not reserved for public sector?
- Atomic energy
- Railways
- Insurance
- Port Trust of India
- Answer: c
- Assertion (A) : The public distribution system in India has close links with food security for the vulnerable segments of population.
- Reason (R) : Public distribution system is failure in India.
- Both A and R are true and R is correct explanation for (A) .
- Both A and R are true and R is not correct explanation for (A) .
- A is true, but R is false.
- A is false, but R is true.
- Answer: c
- What is the share of agriculture sector in India՚s National Income at present?
- 5%
- 15%
- 25%
- 27%
- Answer: b
- The Service Area Approach was implemented under the purview of
- Lead Bank Scheme
- Integrated Rural Development Programme
- Training the Rural Youth for Self-employment
- Mahatma Gandhi National Rural Employment Guarantee Scheme
- Answer: a
- During the British Raj, the Mahalwari System in Indian Agriculture was introduced by
- Cornwallis
- Curzon
- Johnson
- W. Bentinck
- Answer: d
- Technology Mission on oilseeds was started in India in the year
- 1975
- 1980
- 1986
- 1992
- Answer: c
- High Yielding Varieties Programme in India does not include
- Wheat
- Pulses
- Jowar
- Maize
- Answer: b
- As per the latest SRS data, which of the following age-group has the lowest age-specific fertility rate in India?
- 15 − 19
- 20 − 29
- 30 − 34
- 35 − 39
- Answer: d
- Endogenous technological change is not caused by
- FDI
- Population size
- Population density
- Educational level
- Answer: a
- Match Group – I with Group – II: Group – I Group – II
Table Supporting: NTA NET NTA UGC NET Previous Years Papers September-2013 Solved Paper II List-I List-II - Variance
- Mode
- χ2 distribution
- Mesokurtic distribution
- Sampling distribution
- Normal distribution
- Measure of dispersion
- Measure of central tendency
- A
- B
- C
- D
- 1
- 3
- 2
- 4
- 3
- 4
- 1
- 2
- 2
- 4
- 3
- 1
- 4
- 2
- 1
- 3
- Answer: b
- Assertion (A) : Fisher՚s Index No. Is ideal Index No.
- Reason (R) : Fisher՚s Index satisfies time reversal and factor reversal tests.
- Both A and R are true and R is the correct explanation of (A) .
- Both A and R are true, but R is not correct explanation of (A) .
- A is true, but R is false.
- A is false, but R is true.
- Answer: a
- There are 12 white balls, 8 red balls and 5 green balls in a basket. What is the probability that a ball drawn is either red or white?
- Answer: c
- If the mean and variance of a given distribution is 8 and 0.25, then the coefficient of variation will be
- 4 percent
- 8 percent
- 12 percent
- 16 percent
- Answer: d
- Coefficient of determination is given as
- r⟋1 – r2
- 1 – r2
- 1 + r2
- r2
- Answer: d
- For testing the equality of population variances the test to be applied is
- Student՚s t test
- χ2 test
- F distribution
- Z distribution
- Marginal Cost is less than the Average Cost when Average Cost falls with
- Answer: c