NTA UGC NET/JRF Exam, June 2020 Economics

Total Questions: 100

81. Who said, "I believe that the objective for disinvestment should be to benefit the public, the consumer and the investor and at the same time to improve competitiveness and eliminate monopoly?"5

Correct Answer: (b) George Fernandes
Solution:

George Fernandes has said that I believe that the objetive for disinvestment should be to benefit the public the consumer and the investor and at the same time to improve competitiveness and eliminate monopoly.

82. Given below are two statements one is labelled as Assertion A and the other is labelled as Reason R.

Assertion A: Chronic poverty is the main problem facing India.
Reason R: British colonial rule has caused undervelopment in India In light of the above statements, choose the most appropriate answer from the options given below.

Correct Answer: (b) Both A and R are correct but R is NOT the correct explanation of A
Solution:

Chronic poverty exists in every state in India. Chronically poor people experience deprivation over many years, often over their entire lives and frequently pass poverty on to their children.

From 1600 to 1871 the ratio of GDP per capita in India to that in Britain fell from more than 60% to less than 15%. India's national debt ballooned under British rule and half of India's revenue was being siphoned to foreign countries, primarily England.

83. The share of the service sector in the Gross Value Addd of India at current prices, during 2018-19 is between:

Correct Answer: (c) 53 to 55 percent
Solution:

The service sector accounts for 54 percent of India's Gross Value Added (GVA). Its growth rate moderated to 7.5 percent in 2018-19 from 8.1 percent in 2017-18.

84. White revolution refers to boost in the production of:

Correct Answer: (b) Milk
Solution:

White revolution related with milk given by V. Kurian in 1970.

85. The number of districts initially selected from states under the intensive Area Development Programme (1960)

Correct Answer: (d) Seven districts from seven states
Solution:

This programme was started in July 1960 in seven selected districts in various states. They were (i) West Godavari in AP, (ii) Shahabad in Bihar, (iii) Tanjor in Tamil Nadu, (iv) Raipur in MP, (v) Ludhiana in Punjab, (vi) Pali in Rajasthan and (vii) Aligarh in UP.

86. Which one of the following Committee's has been constituted for doubling farmer's income by 2022?

Correct Answer: (d) Ashok Dalwai Committee
Solution:

The goal of doubling farmer's income by 2022 was announced on 28 February, 2016. The government had subsequently formed a high-level committed headed by senior IAS office Ashok Dalwai, to suggest measures to achieve the target.

87. Which one of the following statements is WRONG?

Correct Answer: (b) 10% of agriculturists have 10 hectare or more
Solution:

Hence, the statement that 10% of agriculturalists have 10 hectares or more is incorrect. On the basis of present agricultural statistics, the percentage of marginal landholders in India has increased to a level of 86%.

88. The combined liabilities of Centre and States as a percentage of GDP during the two years 2016-17 and 2017-18 consolidated is at:

Correct Answer: (b) 67 percent
Solution:

Hence, the combined liabilities of centre and states as a percentage of GDP during the two years 2016-2017 and 2017-2018 consolidated is at 67 percent.

89. Which of the following are the three states which secured the highest percentage of inter-se share of tax revenue among states, as per recommendations of the 14th Finance Commission?

A. Uttar Pradesh
B. Bihar
C. Madhva Pradesh
D. Andhra Pradesh
Choose the correct answer from the options given below:

Correct Answer: (c) A. B and C only
Solution:

Uttar Pradesh, Bihar and Madhya Pradesh are the three which secured the highest percentage of state wise share of tax revenue among 14th finance commission.

90. Which of the following are forms of governemnt borrowing?

A. Drawing from treasury
B. Printing of currency notes
C. Borrowing from non-bank public institutions
D. Borrowing from the banking system
Choose the correct answer from the options given below:

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

Forms of government borrowing.
A. Drawing from treasury.
B. Printing of currency notes.
C. Borrowing from non-bank public institution.
D. Borrowing from the banking system.