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

Total Questions: 100

71. Match List-I with List-II.

List-IList-II
A.Income elasticity coefficient exceed unitI.Substitute commodities
B.Positive cross-price elasticity coefficientII.Inferior good
C.Downward sloping price consumption curveIII.Relative elastic demand
D.Negative income effectIV.Luxurious commodity

Choose the correct answer from the options given below:

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

The correct match is as follows :

List-IList-II
A.Income elasticity coefficient exceed unit-Luxurious commodity
B.Positive cross-price elasticity coefficient-Substitute commodities
C.Downward sloping price consumption curve-Relative elastic demand
D.Negative income effect-Inferior good

72. Which of the following arguments for a consumption based tax is/are correct?

A. People should be taxed on what they out of the system, not on what they contribute
B. A consumption based tax can be made progressive
C. A consumption based tax increases dead weight loss
D. Discriminates against consumption later in life
E. Eliminates distortions arising from hybrid tax system, with some saving taxed differently from others
Choose the most appropriate answer from the options given below:

Correct Answer: (d) C, D and E only
Solution:

Correct statement for consumption based tax.
(C) A consumption based tax increases dead weight loss.
(D) Discriminates against consumption later in life.
(E) Eliminates distortions arising from hybrid tax system, with some saving taxed differently from others.

73. Match List-I with List-II

List-I (Regression Type)List-II (Geometric/Statistical Property)
A.Coincident regressionI.Only the intercept in the two regression are different but the slopes are the same
B.Parallel regressionII.Both the intercepts and slopes in two regressions are different
C.Concurrent regressionIII.Both the intercepts and slope coefficients are the same in the two regression
D.Dissimilar regressionIV.The intercepts in the two regressions are same, but the slopes are different

Choose the correct answer from the options given below:

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

The correct match is as follows-

List-I (Regression Type)List-II (Geometric/Statistical Property)
A.Coincident regression-Both the intercepts and slope coefficients are the same in the two regression.
B.Parallel regression-Only the intercept in the two regressions are different but the slopes are the same.
C.Concurrent regression-The intercepts in the two regression are same, but the slopes are different.
D.Dissimilar regression-Both the intercepts and slopes in two regressions are different.

74. Arrange the following environmental movements according to the years of occurrences (oldest being the first):

A. Narmada Bachao Andolan
B. Chipko Movement
C. Save Western Ghats Movement
D. Global Climate strikes
E. Appiko Movement
Choose the correct answer from the options given below:

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

Chipko Movement - April 1975
Appiko movement - 1983
Narmada Bachao Andolan - 1985
Save Wetern Ghats Movement - 1986
Global Climate Strikes - 2022

75. Match List-I with List-II.

List-IList-II
A. DevaluationI. Flexible exchange rate
B. Immiserizing GrowthII. Increase in export competitiveness
C. Automatic BOP AdjustmentIII. Heavily export based growth
D. Perfect Capital MobilityIV. Domestic interest rate pegged at world rate of Interest

Choose the correct answer from the options given below:

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

The correct match is as follows :-

List-IList-II
A. DevaluationII. Increase in export competitiveness
B. Immiserizing GrowthIII. Heavily export based growth.
C. Automatic BOP AdjustmentI. Flexible exchange rate.
D. Perfect Capital MobilityIV. Domestic interest rate pegged at world rate of Interest

76. Solve the following question?

Correct Answer: (c) 25
Solution:




Then sale of output at which profit would be maximum is 25.

77. A stocastic process whose mean, variance and auto covariance are constant over time is known as:

Correct Answer: (c) Weakly stationary
Solution:

Weakly stationary.
This type of stochastic process where the mean, variance and auto covariance are constant over time, is crucial in statistical analysis as it simplifies modeling and forecasting by ensuring that the underlying properties of the process do not change overtime.

A weakly stationary process, or second-order stationary process, is a stochastic process whose first two moments (mean and variance) are constant over time, and its auto covariance function depends only on the time difference between two points, not on their absolute positions in time.

78. Which of the following statements are true in case of theoretical distributions?

A. The mean of a symmetrical binomial distribution is 5 and the number of trials is 10
B. The mean of a Poisson distribution is 5 and the standard deviation is 3
C. The mean of a normal distribution is 5 and third order central moment (μ₃) is 2
D. For a binomial distribution mean = 4 and then variance = 3
E. For a Poisson distribution if mean = 10 then, standard deviation = 5
Choose the correct answer from the options given below:

Correct Answer: (c) A and D only
Solution:

Binomial distribution : It is kind of discrete probability distribution where we have only two cases.
n = no. of trials
p = probability of success
q = probability of failures
r = no. of success.

79. Arrange the revenue expenditure of Union govt. for major items (in ₹lakhs crore) for the FY 2023-24 (BE) fin ascending order:/

A. Salaries (Pay and allowances)
B. Pensions
C. Interest Payments
D. Major subsidies
E. Defence services
Choose tee correct answer from the options given below:

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

Revenue expenditure of Union govt. for major items (in ₹Lakhs crore) for the FY 2023-24 (BE) is ascending order
→ Pension, Major subsidies, Defense services salaries (pay and allowances), Interest Payments.

80. Arrange the following states in terms of number of branches of regional rural banks in the year of 2023, in ascending order:

A. Haryana
B. Himachal Pradesh
C. Jammu and Kashmir
D. Punjab
E. Assam
Choose the correct answer from the options given below:

Correct Answer: (c) B, C, D, E, A
Solution:
StateValue
Himachal Pradesh276
Jammu & Kashmir338
Punjab443
Assam478
Haryana693