ECONOMICS UGC NET JUNE 2015 COACHING

Some important questions of UGC NET Economics (Macro)

1. The classical analysis of determination of output and employment is characterised as a
a) Static Analysis
b) Comparative Static Analysis
c) Dynamic Analysis
d) All the above

2. Consumption is irreversible’ is implicit in which of the following hypothesis?
a) Absolute income hypothesis
b) Relative income hypothesis
c) Life cycle hypothesis
d) Permanent income hypothesis

3. Inventory theoretic approach to transactions demand for money has been given by
a) J.M. Keynes
b) Milton Friedman
c) Don Patinkin
d) W.J. Baumol

4. Liquidity trap is a situation when demand for money is
a) Zero elastic
b) Unit elastic
c) Relatively more elastic
d) Perfectly elastic

5. Various trade reforms after 1991 in India were implimented by
a) Manmohan Singh
b) C.N. Vakil
c) P.R. Brahmananda
d) Jagdish Bhagwati

6. Assertion (A): According to Milton Friedman, the slope of the long-run Phillips curve is vertical.

Reason (R): The expectations about future inflation are the basic cause of the non-existence of the trade-off between inflation and unemployment in the long run.

a) Both (A) and (R) are true, but (R) is not the correct reason of A)
b) Both (A) and (R) are true, and (R) is the correct reason of (A)
c) Both (A) and (R) are false
d) (A) is true but (R) is false

7. The classical economic focussed on the role of money as
a) Medium of exchange
b) Medium of distribution
c) Wealth
d) Link between present and future

8. In IS-LM model, under usual keynesian assumption, an increase in government spending will cause;
a) Both income and rate of interest to rise
b) Income to rice and rate of interest to fall
c) Income to remain unchanged and rate of interest to fall
d) Income to rise and rate of interest to remain unchanged

9. A transfer is a payment
a) Made by the government to its current workers
b) Made to people who are needy
c) For in-kind services provided to the government
d) For which no services or goods are rendered 

10. Consider the 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 & 3 b) 1 & 4
c) 2 & 3 d) 2 & 4

Fresh Batches for UGC NET June 2015 Exam in Economics subject is starting from 12th January 2015

Our previous results of UGC NET Economics

With Best Wishes from:
 
Mantram Study Group
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