NTA UGC NET/JRF Exam, Dec. 2019 Economics (Shift-I)

Total Questions: 95

91. Dynamic economies of scale do not include which one of the following:

Correct Answer: (c) The Labour intensive sector will experience increasing returns will growth of output
Solution:

Dynamic economics of scale do not include the labour intensive sector will experience increasing returns will growth of output.

92. Consider the following statements.

(a) The association between growth of GDP, make industry the 'engine of growth'
(b) Differences in GDP growth do not account for growth in labour productivity
(c) GDP growth rates are reflected in the growth rate of labour productivity
(d) The growth of industry is subject to increasing returns
Choose the correct options from below:

Correct Answer: (b) (a) and (c) only
Solution:

The association between growth of industry and growth of GDP, make industry the engine of growth.
• GDP growth rates are reflected in the growth rate of labour productivity.

93. Consider the following statements in relation to the figure.

(a) The 45° line would indicate equal correspondence between industrial growth rate and GDP growth rate
(b) GDP growth rate is the cause of industrial growth rate
(c) The excess of industrial growth rate over GDP growth rate is fuelling more GDP
(d) The dividing line of slow and fast growing economies is the industrial growth rate of 3.9%
Choose the correct options from below:

Correct Answer: (a) Only (a) and (c) are true
Solution:

The 45° line would indicate equal correspondence between industrial growth rate and GDP growth rate.

94. Which one of the following statement is not correct for middle and highly developed countries?

Correct Answer: (c) Shift of resources is uniform between agriculture industry and higher order services for higher growth
Solution:

Shift of resources is uniform between agriculture industry and higher order services for higher growth.

95. Which one of the following statements is correct?

Correct Answer: (c) The relation between the ling standard and resources denoted to industrial activity is globally true
Solution:

The relation between the living standards and resources denoted to industrial activity is globally true.