NTA UGC NET/JRF Exam, December-2022 Economics (Shift-I)

Total Questions: 100

71. Match List-I with List-II.

List-I (Concept)List-II (Theorist/Economist)
A. Functional FinanceI. Peacock and Wiseman
B. Displacement effectII. Keynes and Learner
C. Law of increasing state activityIII. Wagner
D. Allocative, stabilization and distributive function of stateIV. Musgrave

Choose the correct answer from the options given below.

Correct Answer: (a) A-II, B-I, C-III, D-IV
Solution:
List-I (Concept)List-II (Theorist/Economist)
A. Functional FinanceII. Keynes and Learner
B. Displacement effectI. Peacock and Wiseman
C. Law of increasing state activityIII. Wagner
D. Allocative, stabilization and distributive function of stateIV. Musgrave

72. Match List-I with List-II.

List-I (Event)List-II (Year)
A. The establishment of a clearing house for settlement of transactions in BSE.I. 1995
B. Serial bomb blasts in BSE.II. 1997
C. Screen-based trading commenced in BSE.III. 1921
D. BSE launched the first stock index with 30 scrips.IV. 1986

Choose the correct answer from the options given below.

Correct Answer: (c) A-III, B-I, C-II, D-IV
Solution:
List-I (Event)List-II (Year)
A. The establishment of a clearing house for settlement of transactions in BSE.III. 1921
B. Serial bomb blasts in BSE.VI. 1993
C. Screen-based trading commenced in BSE.I. 1995
D. BSE launched the first stock index with 30 scrips.IV. 1986

73. Match List-I with List-II.

List-I (Approach/Theory)List-II (Theorist/Metric)
A. SCP approach (Structure-Conduct-Performance)I. James Buchanan
B. Transaction cost theoryII. New classical theory
C. Public choice theoryIII. H.H. Index
D. Industrial connectionIV. Williamson

Choose the correct answer from the options given below.

Correct Answer: (a) A-II, B-IV, C-I. D-III
Solution:
List-I (Approach/Theory)List-II (Theorist/Metric)
A. SCP approach (Structure-Conduct-Performance)II. New classical theory
B. Transaction cost theoryIV. Williamson
C. Public choice theoryI. James Buchanan
D. Industrial connectionIII. H.H. Index

74. Match List-I with List-II.

List-I (Conference)List-II (Location)
A. COP-15I. Bali, Indonesia
B. COP-21II. Sharm el-Sheikh, Egypt
C. COP-13III. Copenhagen, Denmark
D. COP-27IV. Paris, France

Choose the correct answer from the options given below.

Correct Answer: (b) A-III, B-IV, C-I, D-II
Solution:
List-I (Conference)List-II (Location)
A. COP-15III. Copenhagen, Denmark
B. COP-21IV. Paris, France
C. COP-13I. Bali, Indonesia
D. COP-27II. Sharm el-Sheikh, Egypt

75. Match List-I with List-II.

List-I (SEZ Name)List-II (State)
A. Santa CruzI. West Bengal
B. KandlaII. Andhra Pradesh
C. FaltaIII. Gujarat
D. VishakhapatnamIV. Maharashtra

Choose the correct answer from the options given below.

Correct Answer: (b) A-IV, B-III, C-I, D-II
Solution:
List-I (SEZ Name)List-II (State)
A. Santa CruzIV. Maharashtra
B. KandlaIII. Gujarat
C. FaltaI. West Bengal
D. VishakhapatnamII. Andhra Pradesh

76. Arrange the percentage share of nominal GVA (RE), 2019-20 for the following sectors in descending order.

A. Agriculture and Allied
B. Manufacturing
C. Construction
D. Finance, Real estate and Professiona services
E. Mining and Quarrying
Choose the correct answer from the options given below.

Correct Answer: (a) D, A, B, C, E
Solution:
Sector(%) Share
A. Finance, Real estate and Professional services23.7%
B. Manufacturing16%
C. Agriculture and Allied16.38%
D. Construction7.60%
E. Mining and Quarrying2.37%

77. Arrange the books in ascending order based on their year of publication.

A. An Inquiry into the Nature and Causes of Wealth of Nations
B. The Theory of Moral Sentiments
C. Capitalism Socialism and Democracy
D. The Great Transformation : The Political and Economic Origin of Out Time E. The Affluent Society
Choose the correct answer from the options given below.

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

A. Adam Smith's:- An Inquiry into the Nature and Causes of the Wealth of Nation was first Published in 1776.
B. The Theory of Moral Sentiments is a 1759 book by Adam smith.
C. Capitalism, Socialism and Democracy is a book on economics, Sociology, and history by Joseph Schumpeter in 1942.
D. The Great Transformation is a book by Karl Polanyi a Hungarian- American Political economist, first Published in 1944 by farras & Rinehart.
E. The Affluent Society is a 1958 book by Harvard economist John Kenneth Galbraith.

78. Arrange the following in descending order on the basis of the year of WTO Ministerial Conferences held.

A. Cancun, Mexico Conference
B. Nairobi, Kenya Conference
C. Bali. Indonesia Conference
D. Buenos Aires, Argentina Conference
E. Seattle, United States Conference
Choose the correct answer from the options given below.

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

1. Singapore, 9-13 Dec 1996.
2. Geneva, 18-20 May 1998.
3. Seattle, November 30 - December 3, 1999.
4. Doha, 9-13 Nov, 2001
5. Cancun, 10-14 Sept. 2003.
6. Hong Kong, 13-18 Dec. 2005.
7. Geneva, 30 Nov - 2 Dec.
8. Geneva, 15-17 Dec. 2011
9. Bali, 3-6 Dec 2013.
10. Nairobi, 15-19 Dec 2015
11. Buenos Aires, (Argentina) 10-13 Dec 2017
12. Geneva, 12-17 June 2022, Co-host Kazakhstan.

79. Arrange the following stages of the Budget in the correct sequence.

A. Appropriation Bill
B. General Discussion
C. Finance Bill
D. Presentation to the Legislative Assembly
E. Voting the Demand for Grants
Choose the correct answer from the options given below.

Correct Answer: (e) (*)
Solution:

Enactment of budget.
1. Presentation of budget.
2. General discussion
3. Scrutiny by departmental Committees
4. Voting on demands of grants.
5. Passing of the appropriation bill.
6. Passing of finance bill.
D, B, E, А, С.

80. Indicate the chronological sequence of the following in terms of their implementation in India.

A. Service Tax
B. Expenditure Tах
C. State VAT
D. Income Tax
E. Goods and Services Tax (GST)
Choose the correct answer from the options given below.

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

A. Service Tax- 1994
B. Expenditure Tax- 1956-57
C. State VAT- 2003 (Haryana was the Iˢᵗ state to introduce VAT in 2003)
D. Income Tax - 1860
E. Goods and Services Tax (GST) - 2017
D, B, A, C, Е.