NTA UGC NET/JRF Exam, (Cancelled) June-2024 Economics

Total Questions: 100

41. In an economy if the marginal propensity to save is 12%, productivity of capital is 25% and 'Y' = 150 billion a vear. then based on HarrodDomar model, to maintain full employment, at what rate income must grow?

Correct Answer: (a) 3%
Solution:

42. Arrange the following poverty estimation committees in sequence (oldest being first):/

A. Lakdawala Committee
B. Dandekar, V.M. and N. Rath
C. NITI Aayog
D. Tendulkar Committee
E. Rangarajan Committee
Choose the correct answer from the options given below:

Correct Answer: (b) B, A, D, E, C
Solution:

Poverty committee in ascending order :-
→ Dandekar Committee (1971)
→ Alagh committee (1977)
→Lakhadwala Committee (1989)
→ Tendulkar Committee set up in 2005
→ Rangarajan Committee set up in 2012

43. Arrange the following ministries on the basis of the amount of allocation of funds in the union budget 2023-24 in ascending order:/

A. Ministry of Road Transport and Highways
B. Ministry of Railways
C. Ministry of Home affair
D. Ministry of Rural Development
E. Ministry of Chemical and Fertiliser
Choose the correct answer from the options given below:

Correct Answer: (b) D, E, C, B, A
Solution:
S.NoMinistryValue
1.Ministry of Defence5.94
2.Ministry of Road Transport and Highways2.70
3.Ministry of Railways2.41
4.Ministry of Consumer Affair, food and Public Distribution2.06
5.Ministry of Home Affairs1.96
6.Ministry of Chemical and Fertilizers1.78
7.Ministry of Rural Development1.60
8.Ministry of Agriculture and farmer's welfare1.25
9.Ministry of Communications1.23

44. Calculate the money multiplier, where Currency (C) = ₹ 200 billion, Deposit (D) = ₹ 400 billion and excess reserve = 800 million.

Correct Answer: (e) (*)
Solution:

45. Which of the following is not true in case of factor taxes?

Correct Answer: (d) A tax on executives or professional income may be shifted to consumer.
Solution:

A tax on executives or professional income can not be shifted to consumer hence statement 4th is incorrect.

46. Arrange the events according to their occurrences (the oldest being first):

A. Treaty of Rome
B. Eurozone
C. The Collapses of the Bretton woods system of fixed exchange rates
D. Global financial crisis
E. South Asian Free Trade Area
Choose the correct answer from the given below:

Correct Answer: (c) A, C, B, E, D
Solution:

The correct match is as follows-

ItemEventYear
ATreaty of Rome1957
BEurozone1999
CThe Collapses of the Bretton Woods system of fixed exchange rates1973
DGlobal financial crisis2007-08
ESouth Asian Free Trade Area2006

47. Аrrange the following foods and beverages in ascending order based on the average annual retail inflation on the basis of CPI-C (percent) (base: 2012 = 100):

A. Milks and Products
B. Fruits
C. Pulses and Products
D. Spices
E. Meat and Fish
Choose the correct answer from the option given below:

Correct Answer: (e) (*)
Solution:

The average annual retail inflation on the basis of CPI-C (Percent)
(base: 2012 = 100)
(1) Fruits - 174.7
(2) Milk and Products - 183.3
(3) Pulses & Products - 201.4
(4) Meat & Fish -220.9
(5) Spices - 233.6

48. Arrange the following Tax-reform committees on the basis of their year of inception starting from the oldest:

A. Kelkar Committee
B. Parthsarathi Shome Committee
C. Raja J. Chelliah Committee
D. Direct Tax Code Committte
E. Aravind Subramanian Committee
Choose the correct answer from the options given below:

Correct Answer: (d) C, A, D, B, E
Solution:

1. Taxation Enquiry Commission - 1925
2. Kaldor's tax reforms/Indian tax Reform Committee -1956
3. Wanchoo Committee on direct taxes/direct taxation enquiry committee - 1970
4. LK Jha Committee/Indirect taxation committee - 1977
5. Chelliah Committee - 1991
6. Rekhi Committee - 1993
7. Vijay Kelkar Committee report/simplification and rationalization of direct indirect taxes - 2002
8. Direct tax code committee - 2010
9. Aravind subramanian committee - 2015
10. Parthsarathi Shome Committee - 2012

49. Match List-I with List-II.

Choose the correct answer from the options given below:

Correct Answer: (b) A-III, B-II, C-IV, D-I
Solution:

The correct match is as follows-

50. Match List-I with List-II.


Choose the correct answer from the options given below:

Correct Answer: (d) A-II, B-III, C-I, D-IV
Solution: