
	Trending ▼ ICSE CBSE 10th ISC CBSE 12th CTET GATE UGC NET Vestibulares ResFinder

UGC NET JUN 2010 : ECONOMICS PAPER II

16 pages, 100 questions, 26 questions with responses, 29 total responses,

	ugc_net	+Fave Message
	Profile Timeline Uploads Q & A

Home > ugc_net >

Formatting page ...

Signature and Name of Invigilator OMR Sheet No. : ......................................... (To be filled by the Candidate) 1. (Signature) __________________________ (Name) ____________________________ 2. (Signature) __________________________ (Name) ____________________________ J 01 Roll N o.____________________________ (In words) PAPER-II ECONOMICS Number of Pages in this Booklet : 16 Instructions for the Candidates 1. Write your roll number in the space provided on the top of this page. 2. This paper consists of fifty multiple-choice type of questions. 3. At the commencement of examination, the question booklet will be given to you. In the first 5 minutes, you are requested to open the booklet and compulsorily examine it as below : (i) To have access to the Question Booklet, tear off the paper seal on the edge of this cover page. Do not accept a booklet without sticker-seal and do not accept an open booklet. (ii) Tally the number of pages and number of questions in the booklet with the information printed on the cover page. Faulty booklets due to pages/questions missing or duplicate or not in serial order or any other discrepancy should be got replaced immediately by a correct booklet from the invigilator within the period of 5 minutes. Afterwards, neither the Question Booklet will be replaced nor any extra time will be given. (iii) After this verification is over, the Test Booklet Number should be entered in the OMR Sheet and the OMR Sheet Number should be entered on this Test Booklet. 4. Each item has four alternative responses marked (A), (B), (C) and (D). You have to darken the oval as indicated below on the correct response against each item. B C A Example : D where (C) is the correct response. 5. Your responses to the items are to be indicated in the Answer Sheet given inside the Paper I Booklet only. If you mark at any place other than in the ovals in the Answer Sheet, it will not be evaluated. 6. Read instructions given inside carefully. 7. Rough Work is to be done in the end of this booklet. 8. If you write your name or put any mark on any part of the test booklet, except for the space allotted for the relevant entries, which may disclose your identity, you will render yourself liable to disqualification. 9. You have to return the test question booklet and OMR Answer sheet to the invigilators at the end of the examination compulsorily and must not carry it with you outside the Examination Hall. 10. Use only Blue/Black Ball point pen. 11. Use of any calculator or log table etc., is prohibited. 12. There is no negative marks for incorrect answers. D-0109 J-01-10 (In figures as per admission card) Test Booklet No. 10 Time : 1 1/4 hours] Roll No. [Maximum Marks : 100 Number of Questions in this Booklet : 50 1. 2. - 3. , - - : (i) - - (ii) - / - - (iii) - OMR OMR - 4. (A), (B), (C) (D) C B A D : (C) 5. I - , 6. 7. (Rough Work) 8. - , 9. - OMR - 10. / 11. ( ) 12. 1 P.T.O. ECONOMICS Paper II Note : This paper contains fifty (50) objective type questions, each question carrying two (2) marks. Attempt all the questions. 1. 4. Marshallian Theory of consumer s behaviour is based on Consider the following statements : (i) When MC curve is below the AC curve, then the AC curve must be rising. (ii) When MC curve is above AC curve, then AC curve must be falling. (A) Hypothesis of additive utilities. (B) Hypothesis utilities. of (C) independent Both (A) and (B). (D) Weak ordering. 2. (iii) MC curve intersects AC curve at the point where AC is constant. Consider the following statements : Which of the above statement(s) is/are correct ? (i) (ii) Income effect is positive in case of normal goods. (A) (iii) only Income effect is zero in the case of superior goods. (B) (C) (iii) All Giffen goods are inferior goods, but not all inferior goods are Giffen goods. (i) and (ii) (i), (ii) and (iii) (D) (i) and (iii) 5. (iv) Income effect is negative in case of inferior goods. With which of the following is the doctrine of excess capacity in the long run not associated ? Which of the above is /are correct ? (A) Monopoly (A) (i) only (B) Oligopoly (B) (ii) only (C) Monopolistic competition (C) (iii) & (iv) (D) Perfect competition (D) (i), (iii) and (iv) 6. A profit maximising firm will stop production in the short run if price is (A) less than the average variable cost 3. To derive the demand curve for a firm for one of the several variable factors, the following must be considered : (A) The external effect of the change in the factor price (B) (C) (B) less than the average total cost (D) equal to the average total cost Paper-II The internal effect of the change in factor price (C) less than the marginal cost Monopolistic exploitation (D) Monopsonistic exploitation 2 J-0110 II : (50) - (2) 1. (A) (B) (C) (A) (B) (D) - 2. : (i) (ii) (iii) , (iv) / ? (A) (i) (B) (ii) (C) (iii) (iv) (D) (i), (iii) (iv) 3. 4. 5. J-0110 3 ? (A) (B) (C) (D) 6. , (A) (B) (C) (D) : (i) , (ii) , (iii) / ? (A) (iii) (B) (i) (ii) (C) (i), (ii) (iii) (D) (i) (iii) : (A) (B) (C) (D) Paper-II 7. In an Edgeworth production box, the only possible positions of equilibrium is (A) the isoquants are tangent to one another (B) the isoquants intersect each other (C) the marginal products of the inputs are equal (D) both (B) and (C) 8. In case of Keynes Psychological Law of Consumption Function, which one of the following statements is incorrect ? (A) As disposal income increases, consumption also increases, but less than proportionately. (B) Marginal propensity to consume is positive but less than unity. (C) As disposable income increases, average propensity to consume falls, and vice versa. (D) Average propensity to consume equals marginal propensity to consume at all levels of income. 9. 10. 11. Given that C = Currency with the public, DD = Demand Deposits, TD = Time Deposits and R = Cash balances with the Commercial Banks, then high powered money is defined as (A) C + DD (B) C + R (C) C + TD (D) C + DD + TD Which one of the following statements in case of balanced budget multiplier is incorrect ? (A) The value of balanced budget multiplier is unity in case of autonomous taxes. (B) The value of balanced budget multiplier is less than unity in case of proportional taxes. (C) The value of balanced budget multiplier is always unity no matter whether the taxes are autonomous or proportional. (D) The value of Government expenditure multiplier is more than the value of tax multiplier. Paper-II Consider following statements : 1. Credit creation varies inversely with Cash Reserve Ratio (CRR). 2. Credit creation varies positively with Cash Reserve Ratio (CRR). 3. Bond price and interest rate are inversely related. 4. Bond price and interest rate are positively related. Which of the above statements is correct ? (A) 1 and 3 (B) 1 and 4 (C) 2 and 3 (D) 2 and 4 12. 13. 4 The premise that there exists inverse relationship between money wage inflation and unemployment was originally given by (A) A.W. Phillips (B) Milton Friedman (C) Philip Cagan (D) Robert Lucas Based on accelerated-multiplier interaction, whose theory of trade cycles generates constrained cycles ? (A) Hicks (B) Kaldor (C) Samuelson (D) Baumol J-0110 7. , (A) (B) (C) (D) (B) (C) 8. ? (A) , ; (B) ; (C) , : (D) 9. 10. 11. J-0110 - , : ? (A) . . (B) (C) (D) 13. 5 C = ; DD = ; TD = ; R = , ( ) : (A) C + DD (B) C + R (C) C + TD (D) C + DD + TD 12. ? (A) (B) (C) (D) : 1. 2. 3. : 4. ? (A) 1 3 (B) 1 4 (C) 2 3 (D) 2 4 - ? (A) (B) (C) (D) Paper-II 14. 18. Which of the following statements is incorrect ? (A) Monetary Policy is relatively ineffective, when the interest elasticity of investment is low (IS curve is steep) (B) (A) Public Revenue (B) Fiscal policy is relatively ineffective, when interest elasticity of demand for money is low (LM curve is steep) 19. (B) William Diamond (D) Eugine Black The role of globalization is the State under (A) zero Institutional Investors (B) (C) (A) Mutual Funds (D) neutral minimum maximum Multinational Corporations 21. (D) Private Banks 16. Lamy Pascal (C) The practices of transfer pricing in the open economy is resorted to by (C) Who is Director General of WTO ? (A) Alan Greenspan 20. (B) Public Borrowing (D) Cash Reserve Ratio (D) Fiscal policy is ineffective, when interest rate elasticity of investment is low (IS curve is steep) 15. Public Expenditure (C) Monetary Policy is relatively ineffective, when the interest elasticity of demand for money is high (LM curve is flat) (C) Which one of the following is not an instrument of fiscal policy ? The warranted rate of growth as defined in Harrod s Model is (A) (B) 1 k Sales Tax (C) S y (C) (A) Land Revenue S/y 1/k (B) Which one of the following is the most important source of revenue of State Governments in India ? Stamps and Registration Fees (D) State Excise Duties 22. (D) none of the above Equity in Taxation can best be achieved by applying the principle of (A) Equal Absolute Sacrifice 17. The Human Development Index was first developed by (B) Benefit (A) UNDP (B) (C) Equal Marginal Sacrifice (C) (D) UNCTAD Paper-II UNICEF IMF (D) Equal Proportional Sacrifice 6 J-0110 14. 15. 16. ? (A) ( ), (B) ( . . ), (C) ( . . ), (D) ( . . ), ? (A) (B) (C) (D) (CRR) 19. ? (A) (B) (C) (D) 20. ? (A) (B) (C) (D) 21. ? (A) (B) (C) (D) 22. ( ) : (A) (B) (C) (D) ? (A) (B) (C) (D) , : (A) (B) (C) (D) 17. 18. S/y 1/k S y 1 k . . . ? (A) UNDP (B) IMF (C) (D) (UNCTAD) J-0110 7 Paper-II 23. Note : In the following Question No. 27, there are two statements, one is Assertion (A) and the other Reason (R). You have to examine these carefully and select the answer from the codes given below : 27. Assertion (A) : Indirect taxes promote inequalities in the distribution of income. Reason (R) : The poor bear more burden of indirect taxes. Codes : (A) (A) is true but (R) is false. (B) Both (A) and (R) are true and (R) is the correct explanation of (A). (C) (A) is false but (R) is true. (D) Both (A) and (R) are false. Which of the following is correct measurement of fiscal deficit in India ? (A) Excess of total revenue expenditure over total revenue receipts. (B) Excess of total expenditure over total revenue receipts plus non-debt capital receipts. (C) Excess of total expenditure over total receipts. (D) Excess of total expenditure over total interest payments. 24. Marginal cost of a pure public good is (A) zero or close to zero (B) one (C) (A) and (B) both 28. Factor Endowment Theory International Trade is given by (A) Heckscher-Ohlin (B) Haberler (C) Raul Prebisch (D) Jagdish Bhagwati 29. The concept of single factoral and double factoral terms of trade have been given by (A) Haberler (B) Jacob Viner (C) Snider (D) Scammel 30. The equation of foreign multiplier is (A) Rupee Dollar Ratio (B) mpm + mps (C) Tax GDP Ratio 1 (D) mpm + mps (D) very high 25. Which of the following is not one of the objectives of the tax reforms in India ? (A) Reduction in multiplicity of custom duty rates (B) Improving tax compliance (C) Widening the tax-base (D) Suggesting ways to increase the share of indirect taxes in total tax revenue 26. An excise duty is fully borne by the buyers, when price elasticity of demand for the product is (A) (B) 0 (C) 1 (D) between 1 and Paper-II 8 of trade J-0110 23. 24. 25. 26. ? (A) (B) (C) (D) 27. (A) : (R) : : (A) (A) , (R) (B) (A) (R) (R), (A) (C) (A) , (R) (D) (A) (R) (A) (B) (C) (A) (B) (D) 28. (A) (C) 0 1 (A) (B) mpm + mps (C) (D) (D) 1 J-0110 ? (A) (B) (C) (D) 30. , : - ? (A) - (B) (C) - (D) 29. ? (A) (B) (C) (D) (B) 27 (A) (R) : 9 1 mpm + mps Paper-II 31. Trade Policy Reforms in India include 35. Match list I with list II and select the answer from the codes given below : List I List II (a) Total area 1. 1 = 0 under normal curve (b) Square of 2. 1 standard deviation (c) Symmetric 3. distribution (d) Co-efficient 4. variance of variation Codes : (a) (b) (c) (d) (A) 3 4 1 2 (B) 2 4 1 3 (C) 4 1 2 3 (D) 1 2 3 4 36. The area between 3 and +3 under standard normal curve is (A) 1 (B) 0.9973 (C) 0.95 (D) 0.6826 37. If the co-efficient of determination is 0.12 and one of the regression coefficients is 0.3 ; what is the value of the other regression co-efficient ? (A) 0.4 (B) 0.36 (C) 0.9 (D) 0.15 38. For a large sample, x = 2, rxy = 0.8 the standard error of bxy. (A) disinvestment (B) lowering of custom duties (C) increasing SLR (D) reduction in direct and indirect taxes 32. Which of the following countries is a member of the ASEAN Group ? (A) China (C) 33. (B) (D) Thailand Sri Lanka India The meeting of G-20 in 2009 was held at (A) London (B) Paris (C) Geneva (D) New Delhi 34. From a bag containing 6 red, 4 green and 5 black balls, one ball is drawn at random, find the probability that it is either red or green. (A) 6C + 4C 1 1 15C 1 (B) 6 15 (C) 4 15 (D) 6C 1 Paper-II (A) 1.1 (C) 1.2 39. 4C1 15C1 10 (B) 2.1 (D) 1.6 The mean and variance of a standard normal variate respectively (A) 0, 0 (B) 0, 1 (C) 1, 0 (D) 1, 2 J-0110 31. (A) (C) . . . ( ) (D) 32. (B) 35. (d) : (ASEAN) ? (A) (B) (D) (A) (B) (C) (D) (C) -I -II : -I -II (a) 1. 1 = 0 (b) 2. 1 3. (c) (a) 3 2 4 1 (b) 4 4 1 2 4. (c) 1 1 2 3 (d) 2 3 3 4 36. 33. 37. 0.12 0.3 , ? (A) 0.4 (B) 0.36 (C) 0.9 (D) 0.15 38. x = 2, rxy = 0.8 , bxy (A) 1.1 (B) 2.1 (C) 1.2 (D) 1.6 39. : (A) 0, 0 (B) 0, 1 (C) 1, 0 (D) 1, 2 G-20 2009 ? (A) (B) (C) 34. 3 + 3 (A) 1 (B) 0.9973 (C) 0.95 (D) 0.6826 (D) 6 , 4 5 (A) 6C + 4C 1 1 15C 1 (B) 6 15 (C) 4 15 (D) 6C 1 J-0110 4C1 15C1 11 Paper-II 40. (A) (B) (C) 41. 45. New Agricultural strategy has (A) widened the gap between the rich and the poor farmers (B) increased production of only few crops (C) led to an increase in regional disparities (D) all of the above 46. Match the list I with the list II and select the answer from the codes given below : List-I List-II (a) Theory of (I) Harvey big push Leibenstein (b) Unlimited (II) Lewis supply of labour (c) Trade as an (III) Emery engine of growth (d) The (IV) Kuznets concept of economic growth (a) (b) (c) (d) (A) IV III II I (B) I II III IV (C) II III IV I (D) III IV I II 47. The algebraic sum of deviations of a given set of observations from their arithmetic mean is If the accommodating capital is zero in the balance of payments of a country, there will be (A) equilibrium in the balance of payments. (B) disequilibrium in the balance of payments. (C) deficit in the balance of payments. (D) surplus in the balance of payments. (D) 0 1 1 Unbalanced regional growth in India is due to (A) unequal budgetary support by Central Government to different States (B) spatial distribution industries of (C) inadequate development infrastructure in some States (D) all of above 42. In HDI, which one of the following is not taken as an indicator ? (A) Life expectancy (B) Literacy (C) GDP per capita (D) Per capita food consumption 43. The Union Budget is presented under which Article of the Constitution in India ? (A) 110 (C) 44. (B) (D) 122 112 111 Financial Sector reforms in India consist of (A) Lowering down of CRR and SLR (B) Entry of private firms in insurance sector (C) Deregulation of rate of interest (D) All of the above Paper-II 12 J-0110 40. , (A) (C) 41. (B) (A) (B) (C) (D) 46. -I -II : -I -II (a) (I) (b) (II) (c) (III) (d) (IV) : (D) 0 1 1 (A) (B) (C) (D) 42. 45. ? (A) (B) (C) (D) (a) 43. (c) (d) (A) IV III II I (B) ? (b) I II III IV (A) (B) 111 (C) II III IV I (C) 44. 110 112 (D) 122 (D) III IV I II (A) . . . . . . (B) (C) (D) 47. J-0110 13 ( ) , (A) (B) (C) (D) Paper-II Note : Read the passage given below and answer questions from 48 to 50, on the basis of the passage : 48. The 1990s were the best years for India as far as GDP growth is concerned. This is evident from the data provided by the annual Economic Survey of the Government of India. For the decade up to 2001, real GDP at factor cost grew at 6.1 per cent and per capita GDP at 4 per cent. This is certainly an improvement over that obstinate 3.5 per cent Hindu rate of growth that dogged our fortunes right up to the end of the 1970s : for the period 1950-51 to 1980-81 the average rate of growth of GDP was 3.5 per cent and that of GDP per capita, hardly 1.5 per cent. In fact, for the decade up to 1981, per capita GDP grew at only 0.8 per cent. There is no doubt that in terms of growth, India is doing much better now than ever before. (A) 4.0 per cent (B) 3.5 per cent (C) 0.8 per cent (D) 2.0 per cent 49. The growth in real GDP at factor cost and per capita GDP, for the decade upto 2001, (A) was less than that for the decade upto 1981 (B) was less than that for the decade upto 1970 (C) However, improved growth performance has not been accompanied by improved employment generation. On the contrary, the growth rate of employment fell sharply in the 1990s. Using National Sample Survey (NSS) data, while for the period 1983 to 1993-94, employment grew at 2.72 per cent per annum, the corresponding figure for the period 1993-94 to 1999-2000 was only 1.02. This sharp drop in employment growth led to an increase in unemployment from 20 million in 1993-94 to nearly 27 million in 1999-2000. Paper-II For the decade upto 1981, the average growth rate of GDP per capita was was more than that for the period between 1950-51 to 1980-81 (D) none of the above 50. Employment growth rate for the period 1993-94 to 1999-2000 (A) did not reflect the higher GDP growth during this period (B) was lower than the employment growth for the period 1983 to 1993-94 (C) (A) and (B) both (D) none of the above 14 J-0110 : 48 50 : 48. (A) 3.5 (C) 0.8 (D) 49. 4.0 (B) . . . 1990 2001 , . . . 6.1 . . . 4 3.5 , 1970 , : 1950-51 198081 . . . 3.5 . . ., 1.5 , 1981 , . . . 0.8 , 2.0 2001 , (A) 1970 (C) 1950-51 1980-81 (D) 50. 1981 (B) , , 1990 (NSS) , 1983 199394 , 2.72 , 1993-94 19992000 1.02 1993-94 20 1999-2000 27 J-0110 1981 , 1993-94 1999-2000 (A) (B) 1983 1993-94 (C) (A) (B) (D) 15 Paper-II Space For Rough Work Paper-II 16 J-0110

Formatting page ...

Top Contributors
to this ResPaper
(answers/comments)

shilpamittal29
(9)

sweety1985
(8)

Jyothi Madana
(7)

Nyci Nisanth
(1)

Formatting page ...

Additional Info : Ugc Net June 2010 Question Paper - Economics Paper II
Tags : cbse ugc net question papers, UGC NET Solved Sample Question Paper, UGC NET Exam Papers, ugc net past question papers, ugc net syllabus, ugc net specimen, ugc net study material, UGC NET Study Materials FREE, UGC NET Exam Pattern, Free Ugc Net Online Practice Tests, ugc net previous question papers, central board of secondary education,

ugc_net chat

Horizontal lines at:
Guest Horizontal lines at:
AutoRM Data:
Box geometries: