NTA UGC NET/JRF Re-Exam, June-2024 Economics

Total Questions: 100

91. Comprehension : Consider the following diagram: Social Costs of Monolpoly Power



Choose the correct answer from the following alternatives:

Correct Answer: (a) Monopoly output is environment friendly comparative to competitive output
Solution:

Monoploy output is environmental friendly comparative to monopoly output.

92. Solve the following questions?

Correct Answer: (b) A-C
Solution:A-C

93. Solve the following question?

Correct Answer: (b) A and В
Solution:A and C

94. Dead weight loss from the monopoly power is one of the following alternatives. Choose the correct one:

Correct Answer: (d) B+С
Solution:B+С

95. As a result of higher price, the producer gain and at the same time losed by amount respectively as shown below:

Find out the correct answer from the following alternatives:

Correct Answer: (c) A. C
Solution:A. C

96. For a financial year, the Budget was presented by the government. Some major heads and items are highlighted hare. Total receipts was Rs. 400 crore. of which revenue receipts was Rs. 250 crore and capital receipts was Rs.

150 crore. In the total revenue receipts, tax revenue receipts contributed Rs. 220 crore and non-tax revenue receipts contributed Rs. 30 crore respectively. In the total capital receipts, Borrowings and other liabilities were Rs.

100 crore. Out of total revenue expenditure of Rs. 300 crore, interest payments was Rs. 90 crore and grants fro creation of capital assets was Rs. 20 crore. Out of total capital expenditure of Rs. 100 crore, scheme expenditure was Rs.

75 crore and other than scheme expenditure was Rs. 25 crore. The country' GDP at current prices of the given financial vear was Rs. 2000 crore. On the Balance of payments accounts, the current accounts deficit was was Rs. 50 crore.

What was the twin deficit as percentatge of GDP?

Correct Answer: (c) 7.5%
Solution:

Twin deficit (TD) =
Internal imbalance (FD)
External imbalance
= Current account Deficit (CAD)
FD = 100
CAD = 50 Cr
TD = FD + CAD
= 100 + 50 = 150 Cr.
%GDP = (150/2000)×100
= 7.5%

97. What was the primary deficit as percventage of GDP?

Correct Answer: (d) 0.5%
Solution:

Primary Deficit (PD) = Fiscal Deficit (FD) - Interest payment (IP)
FD = 100 cr
IP = 90 сг
PD = 100 Cr - 90Cr = 10CR
% GDP = (150/2000)×100
= 0.5%

98. What was the effective revenue deficit as percentage of GDP?

Correct Answer: (c) 1.5%
Solution:

99. What was the fiscal deficit as percentage of GDP?

Correct Answer: (a) 5%
Solution:

100. What was the revenue deficit as percentage of GDP:

Correct Answer: (a) 2.5%
Solution: