UGC NET Exam Solved Economic II paper

Will you please provide the UGC NET Exam Solved Economic II paper ?

[Arun Vats]

List of few questions of UGC NET Exam Solved Economic II paper is given below:

1. Marginal Cost is less than the
Average Cost when Average Cost
falls with
(A) an increase in output
(B) a decrease in output
(C) constant output
(D) no change in output
2. The pure monopolist obtains
equilibrium level of output when
(A) Marginal Revenue = Marginal
Cost
(B) Price = Marginal Cost
(C) Price is the lowest
(D) Price is the highest
3. The transformation curve is derived
from the
(A) Consumption Curve
(B) Utility Possibility Curve
(C) Social Welfare Function
(D) Production Contract Curve
4. Match the items in List – I with the
items in List – II :
List – I List – II
a. Principles of
Economics
1. Paul
Sweezy
b. Kinked Demand
Curve
2. Adam
Smith
c. Principle of
Maximum Social
Advantage
3. Marshall
d. Law of Invisible
Hand
4. Dalton
Codes :
a b c d
(A) 3 1 4 2
(B) 3 2 4 1
(C) 2 1 3 4
(D) 4 3 1 2
5. 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.
Codes :
(A) Both (A) and (R) are true and
(R) is the correct explanation of
(A).
(B) Both (A) and (R) are true, but
(R) is not the correct
explanation of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.
6. Market demand for any goods is a
function of
i. price per unit of that goods
ii. price per unit of related goods
iii. income of the consumer
iv. taste and preference of the
consumer
Codes :
(A) i and ii only are true.
(B) i and iii only are true.
(C) i, ii and iii only are true.
(D) i, ii, iii and iv are true.
7. 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
i. ep > 1
ii. 1 > ep > 0
iii. Zero
iv. One
(A) ii and iii
(B) i and ii
(C) i and iii
(D) ii andü iv

8. Macro economics distinguishes
between the real economy and
(A) virtual economy
(B) monetary economy
(C) normative economy
(D) underground economy
9. Match the items in List – I with the
items in List – II :
List – I List– II
i. Psychological
Law of
Consumption
1. Ratchet
Effect
ii. Relative
Income
Hypothesis
2. Age
Structure of
the
Population
iii. Permanent
Income
Hypothesis
3. Distribution
of Income
iv. Life Cycle
Hypothesis
4. Backward
Looking
Expectations
Codes :
i ii iii iv
(A) 3 1 4 2
(B) 2 4 1 3
(C) 3 1 2 4
(D) 4 2 3 1
10. 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.
Codes :
(A) Both (A) and (R) are correct,
and (R) is the correct
explanation of (A).
(B) (A) is correct, but (R) is not the
correct explanation of (A).
(C) (A) is correct, but (R) is
incorrect.
(D) (A) is incorrect, but (R) is
correct.
11. 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.
Codes :
(A) (A) is correct and (R) is the
correct explanation of (A).
(B) Both (A) and (R) are correct
and (R) is not the correct
explanation of (A).
(C) (A) is correct, but (R) is
incorrect.
(D) Both (A) and (R) are incorrect.
12. In the context of different business
cycle theories match the nature of
cycle/approach given in List – I with
the propounders in List – II :
List– I List – II
i. Constrained
Cycles
1. Paul A.
Samuelson
ii. Acceleration –
Multiplier
Interaction
Approach
2. J. R. Hicks
iii. Capital – Stock
Adjustment
Principle
3. Nicholas
Kaldor
iv. Real Business
Cycles
4. Robert J.
Barro
Codes :
i ii iii iv
(A) 2 1 3 4
(B) 1 2 4 3
(C) 2 1 4 3
(D) 1 3 2 4

13. Assuming fixed prices, which of the
following statements are true ?
1. Monetary policy is more
effective, flatter the IS-curve.
2. Fiscal policy is less effective,
flatter the LM curve.
3. Fiscal policy is more effective,
flatter the LM curve.
4. Monetary policy is ineffective
and fiscal policy is fully
effective in liquidity trap.
Codes :
(A) 1, 2, 4
(B) 1, 3, 4
(C) 2, 3, 4
(D) None of the above
14. Match items given in List – I with
those given in List – II :
List– I List – II
a. Inventory
Theoretic
Approach
1. J.M.
Keynes
b. Liquidity
Preference as
Behaviour
Towards Risk
2. Milton
Friedman
c. Money as a
Temporary Abode
of Purchasing
Power
3. James
Tobin
d. A Discontinuous
Individual
Speculative
Demand for
Money Function
4. W.
Baumol
Codes :
a b c d
(A) 1 4 3 2
(B) 2 3 4 1
(C) 3 2 1 4
(D) 4 3 2 1
15. Which country stands at the top in
2011 Human Development Index
ranking of 187 countries in H.D.I.
Report – 2011 ?
(A) Norway
(B) Australia
(C) New Zealand
(D) U.S.A.
16. By an unlimited supply of labour,
Lewis meant
(A) infinite elasticity of demand for
labour
(B) infinite elasticity of supply for
labour
(C) infinite labour available at
prevailing wage rate
(D) none of the above
17. According to Mrs. Robinson, the
stage of ‘Golden Age’ = _______.
(A) Capital growth rate > Labour
growth rate
(B) Capital growth rate = Labour
growth rate
(C) Capital growth rate < Labour
growth rate
(D) Capital growth rate > 1
18. According to whom, surplus value
should be given to labour ?
(A) Adam Smith
(B) Karl Marx
(C) Gandhiji
(D) Sen

19. According to Kuznets, innovation is
(A) Application of new knowledge
to production process
(B) Improvement of efficiency of
machines
(C) Discovery of new consumption
needs
(D) Improvement of marketing
techniques
20. The approach of social dualism is
connected with the following country :
(A) Indonesia
(B) U.K.
(C) Iran
(D) Pakistan
21. 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.
Codes :
(A) (A) is true, but (R) is false.
(B) Both (A) and (R) are false.
(C) (A) is not correct, but (R) is
correct.
(D) Both (A) and (R) are correct
and (R) is the correct
explanation of (A).
22. The case for progressive tax rates
exists in terms of
(A) Benefits received
(B) Cost of service
(C) Ability to pay
(D) Voluntary exchange approach
23. According to Peacock and
Wiseman’s analysis, public
expenditure increases
(A) in smooth and continuous
manner
(B) as time passes
(C) in jerks or step like fashion
(D) both in the short and long runs
24. 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 ?
(A) Repudiation
(B) Refunding
(C) Conversion
(D) Capital levy
25. Fiscal deficit less interest payments
is called
(A) Net fiscal deficit
(B) Monetised deficit
(C) Primary deficit
(D) Budgetary deficit
26. Mercantilism was based on the
ideology of
(A) Globalization
(B) Nationalism
(C) Regionalism
(D) Privatization and Globalisation
27. Policy of Protection will benefit
(A) Abundant factor of production
(B) Scarce factor of production
(C) Both (A) & (B) are correct
(D) None of the above

28. The Stolper-Samuelson Theorem
postulates that the imposition of tariff
by a nation causes the real income of
the nation’s
(A) both and abundant factors to rise
(B) abundant factor to rise
(C) scarce factor to fall
(D) scarce factor to rise
29. Match the items of List – I and with
items of List – II from the given
codes :
List – I List – II
I. Adam
Smith
1. Opportunity
cost
II. David
Ricardo
2. Factor
endowment
III. Ohlin 3. Absolute
advantage
IV. Haberler 4. Comparative
advantage
Choose the correct code :
Codes :
I II III IV
(A) 3 4 2 1
(B) 4 2 1 3
(C) 2 3 4 1
(D) 1 2 3 4
30. Match List – I with List – II :
List – I List – II
I. Rybczynski
Theorem
a. The effect of
tariffs on
factor prices
II. Metzler
Effect
b. The effect of
factor growth
on production
and growth
III. Stopler-
Samuelson
Theorem
c. The effect of
tariffs on
domestic prices
IV. Immiserising
growth
d. The effect of
growth on
terms of trade
Codes :
I II III IV
(A) d c a b
(B) d a c b
(C) b a c d
(D) b c a d
31. Match items in List – I with the items
in List – II :
List – I List – II
a. Rajiv Gandhi
Udyami Mitra
Yojana
1. Jointly set up by
Government of
India & SIDBI
b. Credit Guarantee
Fund Trust of
Medium and
Small Enterprises
2. Lean
Manufacturing
c. National
Manufacturing
Competitiveness
Programme
3. Control of
Cartels
d. National
Competition
Commission of
India
4. Promotion of
first generate
entrepreneurs
Codes :
a b c d
(A) 4 1 2 3
(B) 4 2 1 3
(C) 4 3 1 2
(D) 3 4 1 2
32. Which of the following is not correct
about the micro, small and medium
enterprises in India ?
(A) It covers both registered and
informal sectors.
(B) Its classification criteria is
investment in plant and
machinery.
(C) The fourth Census of the
MSMEs is for the year 2009-10.
(D) According to the fourth Census
of MSME, total registered
MSME sector comprised 67.1
percent manufacturing units
white 32.9 percent were service
enterprises.
33. What is the ceiling on investment in
plant and machinery for small
enterprises in India ?
(A) ` 25 lakhs
(B) ` 5 crore
(C) ` 1 crore
(D) ` 10 crore

34. What is the weight of the
manufacturing sector in the Industrial
Production Index (2004-05 = 100) ?
(A) 69.0 percent
(B) 72.3 percent
(C) 75.5 percent
(D) 79.2 percent
35. Match items of List – I with items of
List – II :
List – I List – II
a. Bharat
Nirman
Yojana
1. Rural
Housing
b. National
Food for
Work
Programme
2. Merged with
SGSY
c. Indira Awas
Yojana
3. Merged with
SGRY
d. Supply of
Improved
Tool Kits to
Rural
Artisans
4. Rural
Infrastructure
Codes :
a b c d
(A) 4 3 1 2
(B) 4 2 1 3
(C) 4 1 2 3
(D) 2 4 1 3
36. Which one of the following is not
reserved for public sector ?
(A) Atomic energy
(B) Railways
(C) Insurance
(D) Port Trust of India
37. 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.
Codes :
(A) Both (A) and (R) are true and
(R) is correct explanation for
(A).
(B) Both (A) and (R) are true and
(R) is not correct explanation
for (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.
38. What is the share of agriculture
sector in India’s National Income at
present ?
(A) 5%
(B) 15%
(C) 25%
(D) 27%
39. The Service Area Approach was
implemented under the purview of
(A) Lead Bank Scheme
(B) Integrated Rural Development
Programme
(C) Training the Rural Youth for
Self-employment
(D) Mahatma Gandhi National
Rural Employment Guarantee
Scheme
40. During the British Raj, the
Mahalwari System in Indian
Agriculture was introduced by
(A) Cornwallis
(B) Curzon
(C) Johnson
(D) W. Bentinck
41. Technology Mission on oilseeds was
started in India in the year
(A) 1975
(B) 1980
(C) 1986
(D) 1992

42. High Yielding Varieties Programme
in India does not include
(A) Wheat
(B) Pulses
(C) Jowar
(D) Maize
43. As per the latest SRS data, which of
the following age-group has the
lowest age-specific fertility rate in
India ?
(A) 15-19
(B) 20-29
(C) 30-34
(D) 35-39
44. Endogenous technological change is
not caused by
(A) FDI
(B) Population size
(C) Population density
(D) Educational level
45. Match Group – I with Group– II :
Group – I Group – II
a. Variance i. Sampling
distribution
b. Mode ii. Normal
distribution
c. χ2 distribution iii. Measure of
dispersion
d. Mesokurtic
distribution
iv. Measure of
central
tendency
Codes :
a b c d
(A) i iii ii iv
(B) iii iv i ii
(C) ii iv iii i
(D) iv ii i iii
46. Assertion (A) : Fisher’s Index No. is
ideal Index No.
Reason (R) : Fisher’s Index satisfies
time reversal and factor
reversal tests.
Codes :
(A) Both (A) and (R) are true and
(R) is the correct explanation of
(A).
(B) Both (A) and (R) are true, but
(R) is not correct explanation
of (A).
(C) (A) is true, but (R) is false.
(D) (A) is false, but (R) is true.
47. 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 ?
(A) 12/25
(B) 8/25
(C) 20/25
(D) 15/25
48. If the mean and variance of a given
distribution is 8 and 0.25, then the
coefficient of variation will be
(A) 4 percent
(B) 8 percent
(C) 12 percent
(D) 16 percent
49. Coefficient of determination is given
as
(A) r/1 – r2
(B) 1 – r2
(C) 1 + r2
(D) r2
50. For testing the equality of population
variances the test to be applied is
(A) Student’s t test
(B) χ2 test
(C) F distribution
(D) Z distribution


For more questions , here i am giving attachment

Can you provide me the UGC NET (University Grants Commission National Eligibility Test) Exam Economic II previous year question paper as I need it for preparation?

[Quick Sam]

The UGC NET (University Grants Commission National Eligibility Test) Exam Economic II previous year question paper as you need it for preparation is as follows:
UGC NET Exam Economic II paper





.respaper.com/ugc_net/814/1047-pdf.html

Syllabus UGC NET Exam Economic II paper

1. Micro – Economic Analysis
Demand Analysis – Marshallian, Hicksian and Revealed preference approaches.
Theory of Production and Costs.
Pricing and output under different forms of market structure.
Factor Pricing analysis.
Elements of general equilibrium and new welfare economics.

2. Macro – Economic Analysis
Determination of output and employment – Classical approach, Keynesian approach, Consumption hypotheses.
Demand for Money – Fisher and Cambridge versions, Approaches of Keynesian, Friedman, Patinkin, Baumol and Tobin.
Supply of Money, Determinants of money supply, High – powered money, Money multiplier.
Phillips Curve analysis.
Business cycles – Models of Samuelson, Hicks and Kaldor.
Macro – economic Equilibrium – Relative roles of monetary and fiscal policies

3. Development and Planning
Economic Growth, Economic Development and sustainable Development – Importance of institutions – Government and markets – Perpetuation of underdevelopment – Vicious circle of poverty, circular causation, structural view of underdevelopment – Measurement of development conventional, HDI and quality of life indices.
Theories of Development – Classical, Marx and Schumpeter; Economic Growth – Harrod – Domar model, instability of equilibrium, Neoclassical growth – Solow’s model, steady state growth. Approaches to development : Balanced growth, critical minimum effort, big push, unlimited supply of labour, unbalanced growth, low income equilibrium trap.
Indicators and measurement of poverty.
Importance of agriculture and industry in economic development – choice of techniques and appropriate technology – Investment criteria – Elementary idea of cost – benefit analysis.
Trade and Aid – International trade as ‘engine of growth’ – Globalization and LDC’s Objectives and role of monetary and fiscal policies in economic development Techniques of planning; Plan Models in India; planning in a market – oriented economy.

4. Public Finance
Role of the Government in Economic activity – Allocation, distribution and stabilization functions; Private, Public and Merit goods.
The Public Budgets – Kinds of Budgets, Zero – base budgeting, different concepts of budget deficits; Budgets of the Union Government in India Public Expenditure – Hypotheses; effects and evaluation.
Public Revenue – Different approaches to the division of tax burden, incidence and effects of taxation; elasticity and buoyancy; taxable capacity Public Debt – Sources, effects, burden and its management.
Fiscal Federalism – Theory and problems; Problems of Centre – State Financial relations in India.
Fiscal Policy – Neutral and compensatory and functional finance; balanced budget multiplier.

5. International Economics
Theories of International Trade : Empirical verification and Relevance International Trade under Imperfect competition Terms of Trade and Economic Growth – Secular Deterioration of Terms of Trade Hypothesis – a critical review.
Equilibrium / disequilibrium in Balance of Payment – Traditional, Absorption and Monetary approaches for adjustment in the Balance of Payments, Foreign Trade multiplier.
Impact of Tariffs, Partial and general equilibrium analysis; Political economy of Non-Tariff Barriers.
Theory of regionalism at Global level – Collapse of Bretton – Wood System – Recent.
Monetary reforms.
Trade Policy and Reforms in India.

6. Indian Economy
Basic Economic indicators – National income, performance of different sectors Trends in prices and money supply.
Agriculture – Institutional and technological aspects, new agricultural policy Industry – New industrial policy and liberalization.
Money and banking – Concepts of money supply, inflation, monetary policy and financial sector reforms.
Public finance – Trends in revenue and expenditures of the Central and State Governments, Public debt; analysis of the Union Budget.
Foreign trade – Trends, Balance of payments and trade reforms.
Poverty, unemployment, migration and environment.

7. Statistical Methods
Measures of Central tendency, dispersion, skewness and kurtosis.
Elementary theory of probability – Binomial, Poisson and Normal distributions.
Simple correlation and regression analysis.
Statistical inferences – Applications, sampling distributions (t, x2 and F tests ) sampling of attributes, testing of Hypothesis.
Index numbers and time series analysis.
Sampling and census methods, types of sampling and errors.