NTA UGC NET/JRF Exam, Dec. 2019 Economics (Shift-I)Total Questions: 9561. Match List A and List B and choose the correct answer from the code given below:List-A (Concepts)List-B (Economists)A. Quasi RentI. A.P. LernerB. Planned Sales CurveII. P.A. SamuelsonC. Monopoly PowerIII. A. MarshallD. Strong Ordering of PreferencesIV. F. ChamberlinOptions: (a) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)(b) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)(c) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)(d) (a)-(iii), (b)-(i), (c)-(iv), (d)-(ii)Correct Answer: (a) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)Solution:List-IList-IIQuasi RentA. MarshallPlanned Sales CurveF. ChamberlinMonopoly PowerA.P. LernerStrong Ordering of PreferencesP.A. Samuelson62. Match the following:List-A (Concept)List-B (Economist)A. Marginalist RevolutionI. SamuelsonB. Multiplier-Accelerator modelII. J.R. HicksC. IS-LM curvesIII. JevousD. Real Business CycleIV. Robert J. BarroChoose the correct options from those given below:(a) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)(b) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)(c) (a)-(ii). (b)-(ii). (c)-(iv), (d)-(i)(d) (a)-(i), (b)-(iv), (c)-(iii), (d)-(ii)Correct Answer: (a) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)Solution:List-A (Concept)List-B (Economist)Marginalist RevolutionJevonsMultiplier-Accelerator modelSamuelsonIS-LM curvesJ.R. HicksReal Business CycleRobert J. Borro63. Match the tests with their purpose given below:List-A (Method/Test)List-B (Target Concept)A. Dickey-Fuller TestI. HeterosedasticityB. Box-Jenkins MethodII. CausalityC. Glejser TestIII. ForecastingD. Granger TestIV. StationarityChoose the correct options from those given below:(a) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)(b) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)(c) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)(d) (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)Correct Answer: (c) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)Solution:Method/Test (List-A)Target Concept (List-B)Dickey-Fuller TestStationarityBox-Jenkins MethodForecastingGlejser TestHeterosedasticityGranger TestCausality64. Match the Economists with their field of contribution in Mathematical Economics :EconomistField of ContributionA.SlutskyI.Linear ProgrammingB.ArrowII.Input-output analysisC.LeontiefIII.Consumer behaviour analysisD.DantzigIV.CES Production FunctionChoose the correct options from those given below:(a) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)(b) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)(c) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)(d) (a)-(iv), (b)-(i), (c)-(iii), (d)-(ii)Correct Answer: (b) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)Solution:EconomistField of ContributionSlutskyConsumer behaviour analysisArrowCES Production FunctionLeontiefInput-output analysisDantzigLinear Programming65. Match the following :TermDefinition / Descriptiona. Forward Exchangei. A device of covering exchange risk against the price rise of foreign currencyb. Hedgingii. A contract to buy and sell foreign exchange against another currency at some fixed rate in he future at a price agreed upon now c. Arbitrageiii. The movement of exchange rate between two limits set by the cost of moving gold from one country to another d. Specie pointiv. A mechanism which makes two markets that are physically separate. a single market in the economic senseChoose the correct options from those given below:(a) (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii)(b) (a)-(ii), (b)-(iii), (c)-(iv), (d)-(i)(c) (a)-(iv), (b)-(ii), (c)-(ii), (d)-(iii)(d) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)Correct Answer: (a) (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii)Solution:TermDefinition / DescriptionForward ExchangeA contract to buy and sell foreign exchange against another currency at some fixed rate in the future at a price agreed upon nowHedgingA device of covering exchange risk against the price rise of foreign currencyArbitrageA mechanism which makes two markets that are physically separate, a single market in the economic senseSpecie pointThe movement of exchange rate between two limits set by the cost of moving gold from one country to another66. Match List-I with List-II :Type of DeficitDefinitionA.Fiscal deficitI.Excess of total expenditure over total receiptsB.Budget deficitII.Excess of revenue expenditure over revenue receiptsC.Revenue deficitIII.Excess of total expenditure over total receipts less borrowingsD.Primary deficitIV.Excess of total expenditure over total receipts less borrowings and interest paymentsChoose the correct options from those given below :(a) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)(b) (a)-(i), (b)-(iii), (c)-(ii), (d)-(iv)(c) (a)-(iii), (b)-(i), (c)-(iv), (d)-(ii)(d) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)Correct Answer: (a) (a)-(iii), (b)-(i), (c)-(ii), (d)-(iv)Solution:Type of DeficitDefinitionFiscal deficitExcess of total expenditure over total receipts less borrowingsBudget deficitExcess of total expenditure over total receiptsRevenue deficitExcess of revenue expenditure over revenue receiptsPrimary deficitExcess of total expenditure over total receipts less borrowings and interest payments67. Match List-I with List-II and choose the correct option from the options given below:InstrumentIssuing / Regulating EntityA. Treasury BillsI. RBIB. Commercial papersII. IMFC. Repo rateIII. GovernmentD. SDRsIV. Private CompaniesChoose the correct options from those given below:(a) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)(b) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)(c) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)(d) (a)-(iv), (b)-(iii), (c)-(i), (d)-(ii)Correct Answer: (c) (a)-(iii), (b)-(iv), (c)-(i), (d)-(ii)Solution:InstrumentIssuing / Regulating EntityTreasury BillsGovernmentCommercial papersPrivate companiesRepo rateRBISDRsIMF 68. Match List-I with List-II :Index / RatioMatching ConceptA.Head Count RatioI. Extent of povertyB.Poverty GapII. Depth of povertyC.Square of poverty gapIII. Poverty as derivationD.Multi dimensional poverty indexIV.Severity of povertyChoose the correct options from those given below:(a) (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii)(b) (a)-(iii), (b)-(ii), (c)-(i), (d)-(iv)(c) (a)-(i), (b)-(iii), (c)-(ii), (d)-(iv)(d) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)Correct Answer: (d) (a)-(i), (b)-(ii), (c)-(iv), (d)-(iii)Solution:Index / RatioMatching ConceptHead Count RatioExtent of povertyPoverty GapDepth of povertySquare of poverty gapSeverity of povertyMulti dimensional poverty indexPoverty as derivation69. Match List-I with List-II:List-I (A–D)List-II (I–IV)A. E. CannanI. Optimum populationB. Frank Notestein*II. Transaction costsC. BrundtlandIII. Demographic transitionD. Ronald CoaseIV. Sustainable developmentChoose the correct options from those given below:(a) (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)(b) (a)-(ii), (b)-(i), (c)-(iv), (d)-(iii)(c) (a)-(i), (b)-(iii), (c)-(iv), (d)-(ii)(d) (a)-(iii), (b)-(iv), (c)-(ii), (d)-(i)Correct Answer: (c) (a)-(i), (b)-(iii), (c)-(iv), (d)-(ii)Solution:List-IList-IIa. E. CannonOptimum populationb. Frank NetsteinDemographic transitionc. BrundtlandSustainable developmentd. Ronald CoaseTransaction costs70. Match List-I with List-II :List-I (Organization)List-II (Functional Focus)A. CAPARTI. Agricultural marketingB. SIDOII. Quality GuaranteeC. NAFEDIII. Small IndustriesD. AGMARKIV. Rural TechnologyChoose the correct options from those given below:(a) (a)-(i), (b)-(ii), (c)-(iii), (d)-(iv)(b) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)(c) (a)-(iv), (b)-(ii), (c)-(iii), (d)-(i)(d) (a)-(ii), (b)-(iv), (c)-(i), (d)-(iii)Correct Answer: (b) (a)-(iv), (b)-(iii), (c)-(ii), (d)-(i)Solution:List-I (Organization)List-II (Functional Focus)A. CAPARTIV. Rural TechnologyB. SIDOIII. Small IndustriesC. NAFEDI. Agricultural marketing / Quality GuaranteeD. AGMARKII. Quality Guarantee / Agricultural marketingSubmit Quiz« Previous12345678910Next »
